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Nigeria Is Facing Huge Problems In 2016

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Read..This news is from warnewsupdates ....enjoy

 

NOW THE NEWS IN FULL.....

Dec 31st 2015, 01:00


Business Insider: One of the world's major oil producers could face a huge problem in 2016

This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil.

This is especially true for Nigeria, where there's a possibility of renewed conflict in the country's oil-producing Niger Delta region, according to SBM Intelligence's recently published "Nigeria in 2016" report.

The global oil picture is stacked against countries like Nigeria, in which oil constitutes some 10% of the country's GDP.

WNU Editor: Oil is the Nigerian government's life-blood (75% of government revenue). Lower oil prices has impacted everything .... and the ripple effect on the Nigerian economy .... as in Venezuela and other OPEC/non-OPEC countries .... is starting to be felt. SBM Intelligence's recently published "Nigeria in 2016" report is here.

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

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Message from The Editor: Hello peeps! . We do hope that you will come back for more . This is only the beginning!!

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