Lagos — The Lagos Chamber of Commerce and Industry (LCCI) yesterday said the nation's economy still remained vulnerable to external shocks due to lingering fluctuations in global oil prices.
The President of LCCI, Mrs. Toki Mabogunje, who disclosed this at an interactive session with the media in Lagos, said the volatility in the international oil prices and the slow fiscal growth explained why Moody and Fitch, two global credit agencies, downgraded the nation's economic outlook from stable to negative recently.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article