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How the oil price collapse is impacting Nigeria’s 2020 budget

PUBLISHED: Wed, 11 Mar 2020 13:02:58 GMT

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Nigeria’s Finance Minister, Zainab Ahmed says the country will cut its budget due to declining and volatile oil prices. Nigeria’s 2020 budget benchmark for oil was earlier set at $57 a barrel. Bismark Rewane, CEO of Financial Derivatives joins CNBC Africa to in on weigh the impact of latest dynamics on Nigeria’s economy.


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