Nigeria's Buhari says delighted that economy is improving
LAGOS (Reuters) - Nigerian President Muhammadu Buhari, back at the helm after prolonged sick-leave, said he was delighted by the way Africa’s biggest economy was improving after briefings from ministers and the central bank, his office said on Monday.
Nigeria, the continent’s most populous country, is in its second year of recession and has been contending with a currency crisis and dollar shortages brought on by low oil prices, which is the OPEC member’s mainstay.
But oil prices have risen since the low prices of 2014, leading to increased receipts and peace talks have this year halted the attacks on energy facilities in the southern Niger Delta which in 2016 cut crude production by more than a third. Full Story