• Thursday, November 07, 2024
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BusinessDay

Trump’s presidency to pressure Nigeria’s oil revenue

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. His protectionism seen hampering trade .Migration, remittances may suffer   Donald Trump's comeback as the 47th president of the United States is poised to usher in an era of volatility and further pressure Nigeria’s already shrinking oil revenue. The 78-year-old recaptured the White House on Wednesday after his 2020 defeat, but his victory could lead to some market distortions that would impact oil prices. Trump's plan to increase oil production in the U.S. would potentially lower global oil prices and impact Nigeria’s oi