Nigeria’s troubled economy, which is on the brink of a recession, is expected to worsen following the lifting of economic sanctions on Iran by the United States which effectively re-admits the country into the international oil trade. The sanctions put in place in 2012 was lifted after Iran met the terms with six world powers to stop its allegedly weaponized nuclear programme. “Today marks the start of a safer world,” said U.S. Secretary of State, John Kerry. “We understand this marker alone will not wipe away all the concerns the world has rightly expressed about Iran’s policies in the region. But we also know there isn’t a challenge in the entire region that wouldn’t become much more complicated, much worse, if Iran had a nuclear weapon,” he added. Iran has hailed the lifting of the sanction as a vindication of its power and influence in the world. But Iran’s […]