• FOR SALE: One bedroom executive flat, Lagos, Nigeria | Get details]

Business US No Longer Importing Nigerian Oil


L

LequteMan

Guest
✅ NEW - car park, swimming pool, 24 hours light/security and more.
America's quest for an alternative energy source has begun to take a toll on Nigeria’s crude oil export as the US for the first time failed to import a single barrel of crude oil from Nigeria, AfricanGlobe says.88

Excerpt:

Obama’s vigorous search for alternative energy to drive the world’s largest economy poses grave dangers for Nigeria whose economy is highly dependent on revenue from oil.

Imports from Nigeria fell to zero in July, down from 89,000 bpd in June, all of which had gone to the US Atlantic Coast.

However, experts said despite declining revenue, depleting foreign reserves and pressure on the exchange rate, Nigerian economy remained “robust enough to withstand the shock waves hitting the economy.”

click here to read more

#Nigeria #America #US #AfricanGlobe

obama.jpg
 
Top