Nigeria’s Booming Local Oil Sector Under Blockade
LAGOS MAY 6TH (NEWSRANGERS)-Nigeria’s economy is expected to contract by 3.4% this year, government officials said on Tuesday (May 5) as dwindling oil revenues coupled with a world under lockdown forced the country to assume a lower petroleum price of $20-a-barrel. That’s bad news for a sector that, over the past decade, has seen unprecedented…