Six decades after the discovery of oil, can Nigeria continue to depend on the black gold as its mainstay?
To truly diversify from oil and create proper value, agriculture must give birth to an industry.
Despite renewed optimism, several factors tend to continue pushing oil prices downwards.
The question many have desired answer to is whether a Joe Biden victory will favour Nigeria.
Oil prices began to recover remarkably, but the naira does not seem to follow the path of recovery.
Oil prices may fall again if there is another surge in Coronavirus cases.
In recent weeks, oil demand has really suffered a setback.
OPEC’s policies were truly influenced by the 2014 fall in price.
The cumulative OPEC+ cut in August and September would be some 8.4million bpd.
Traders believe if supply comes back from these areas, prices cannot reach the $50 mark.