Oil Wealth
-
News
Africa’s Most Populated Nation Getting Nothing out of Massive Oil Wealth
Africa’s most populated country is getting nearly nothing from its massive oil wealth. While headline Brent-crude futures have rallied sharply in the past few weeks — growing above $30/barrel Tuesday — an excess of Nigerian oil is fetching about $10 less than that. It’s a stage that means fiscal income for the continent’s biggest economy has cratered. “It’s now dawned…
Read More »