Oil’s historical 17-year low puts Nigeria under the spotlight

Will the Central Bank of Nigeria pull the rate cut trigger?

Fears over Nigeria descending into a recession have intensified after US crude tested levels below $20 for the first time in more than 17 years. The last few months have certainly not been kind to Oil which has depreciated over 65% since the start of 2020. With Oil expected to trend lower amid widespread lockdowns across the […]