Crisis and opportunity: How Iran’s war shapes Nigeria’s economy

The Nigerian economy has long been tied to the fortunes of oil. With crude oil revenue accounting for more than 70% of export earnings, it remains the backbone of government revenue and a key driver of foreign reserves. Oil windfalls have historically shielded Nigeria from external shocks. During the 2008 global financial crisis, for example, […] read more Crisis and opportunity: How Iran’s war shapes Nigeria’s economy