NIGERIA’S OIL TRADE DEFICIT HITS 27-YEAR RECORD N4.5TR

Nigeria posted a current account deficit of $15.5 billion (N4.5 trillion) in 2015 compared with a surplus of $1.3 billion it recorded in the previous year. It represents the highest in 27 years.

At the global level, members of the Organisation of Petroleum Exporting Countries (OPEC) collectively suffered a current account deficit of $99.6 billion in the same period compared with $237 billion in 2014.
 
 Read more @ The Guardian