Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts

Sunday, 5 June 2016

Investors Flee as Nigeria steadily descends into Recession


Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel, but that is hardly cheering news for Nigeria as the Niger Delta Avengers militant group said on Thursday it had blown up two crude pipelines in Nigeria’s Bayelsa state in the Delta area.