As the whole world continues to tackle the spread of the deadly Coronavirus. More troubles surface as oil prices crash below $20 per barrel on Monday.
Analysts say the price of oil has sunk to its lowest level since 2002, as demand for crude collapses amidst the Coronavirus Pandemic.
Despite significant adjustments, the Nigerian government worry that the country may slip into global recession.
Earlier last week, reports had it that Nigeria cut its official selling price of crude oil to record low as the country looks to clear a glut of unsold April-loading cargoes.
We hope this doesn’t tear deep on the Nigeria economy.