Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel.
Brent Crude oil prices dropped to as low as $82 per barrel for the first time since January 2022, after reports suggest that Opec could be considering an increase in output.
Both crude oil benchmarks remained above the $40-mark.
Both Crude oil benchmarks dropped more than 2% with WTI sliding to its lowest.
So what was agreed? Here is the break down of the cuts and the timelines;
As most countries hunker down into some form of isolation to battle COVID-19, financial markets have been hit by a severe bout of risk-off sentiments.
