The Nigerian National Petroleum Corporation (NNPC) has warned Nigerians to prepare for more trouble ahead following the crash in the price...
The Nigerian National Petroleum Corporation has warned Nigerians to prepare for more trouble ahead following the crash in the price of crude oil.
He urged Nigerians to brace up for harsh economic conditions in months ahead, even if the price of crude oil in the international market jumps to over $50 from the current $30/barrel. Also at the event, the Central Bank of Nigeria said it is considering adding sanitisers to the lists of products on foreign exchange restriction.
He also stated that the apex bank will intervene heavily in health sector following the outbreak of COVID-19. The crash in oil price he said has become very important for us to have a solution and the solution is by diversification of the economy. Another area government needs to look at; he said is “our cost of doing business in Nigeria which is too high.”
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