OPEC Decision Attractive For Nigeria As Oil Price Hits 2-year High

Oil price hits two-year high yesterday spurred by the decision of members of the Organisation of Petroleum Producing Countries (OPEC) and partners (OPEC+) to gradually ease production cuts, a move seen by analysts as being attractive for Nigeria.

Key economists in Nigeria who digested the OPEC+ decision told LEADERSHIP that it comes with mixed content of economic advantages and disadvantages but will not choke the national economy.

The group opted to stick to the plan agreed upon in April, whereby 2.1 million barrels per day of supply would be brought…