Saturday, 13th April 2024

Why oil-rich Nigeria can still not fuel its economy

Although Nigeria pumps crude oil, its refineries are so dysfunctional they have been closed down, so it imports almost all its refined fuel. Rising domestic consumption thus weighs on the current account.


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Consumer prices in the eurozone went down further in March than economists expected. But analysts are still not predicting an immediate cut in interest rates from the European Central Bank
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