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Oil slump, Trump tariffs put Nigeria’s economy at risk — FG

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submitted 8 months ago by uzong

Oil slump, Trump tariffs put Nigeria’s economy at risk — FG

submitted 8 months ago by uzong

Oil slump, Trump tariffs put Nigeria’s economy at risk — FG
  • The CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, expressed concerns about how global oil market instability is hurting Nigeria's economy, which heavily relies on oil exports.
  • He highlighted the negative impact of falling oil prices on Nigeria's revenue and emphasized the challenges posed by unpredictable policies, particularly those of the U.S. President, Donald Trump, which have led to market volatility.
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