Friday 19 October 2018
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vanguardngr
25 days ago

Why higher oil prices cripple the economy

THE crash in the Naira exchange rate from N199=$1 in Dec. 2015 to almost N500=$1, by January 2016, was popularly attributed to the erosion of Nigeria’s foreign reserves from a relatively lofty perch around $60bn to a less exotic retreat of about $35bn. Continue reading Why higher oil prices cripple the economy at Vanguard News.

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