Coronavirus trouble looms in nigeria as 50 oil cargoes are stranded

It seems like you're referring to a recent news article about the challenges Nigeria is facing due to the COVID-19 pandemic. Here's a summary of the situation:

According to reports, Nigeria is facing a significant issue with 50 oil cargoes stranded at its ports, which is causing concerns about the country's economy and energy security. The stranded oil cargoes are valued at over $1 billion and are expected to have a significant impact on the country's oil production and revenue.

The reasons for the stranded oil cargoes are attributed to the COVID-19 pandemic, which has led to a decline in global oil demand and a subsequent drop in oil prices. This has made it difficult for Nigeria to sell its oil, leading to a buildup of unsold crude oil at its ports.

The situation is further complicated by the fact that Nigeria relies heavily on oil exports to fund its economy, and the stranded oil cargoes are expected to have a significant impact on the country's revenue. The Nigerian government is working to resolve the issue, but it remains a significant challenge for the country.

It's worth noting that the COVID-19 pandemic has had a significant impact on the global economy, and many countries are facing similar challenges. The situation in Nigeria is a reminder of the importance of diversifying economies and reducing dependence on a single commodity.

I hope this summary helps!