Business Insider: One of the world's major oil producers could face a huge problem in 2016
This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil.
This is especially true for Nigeria, where there's a possibility of renewed conflict in the country's oil-producing Niger Delta region, according to SBM Intelligence's recently published "Nigeria in 2016" report.
The global oil picture is stacked against countries like Nigeria, in which oil constitutes some 10% of the country's GDP.
WNU Editor: Oil is the Nigerian government's life-blood (75% of government revenue). Lower oil prices has impacted everything .... and the ripple effect on the Nigerian economy .... as in Venezuela and other OPEC/non-OPEC countries .... is starting to be felt. SBM Intelligence's recently published "Nigeria in 2016" report is here.
This is the land of Boko Haram, and Abubakar Shekau the emir of Boko Haram, has publicly expressed affinity with al Qaeda.
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