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2008Event

Global financial crisis pressures banks and oil revenues

Falling oil prices and global credit stress exposed weaknesses in Nigerian banks and public finances.

Hall of FameFourth Republic

2008

Global financial crisis pressures banks and oil revenues

Falling oil prices and global credit stress exposed weaknesses in Nigerian banks and public finances.

1000reasons.voteEditorial timeline entry

What happened

Falling oil prices and global credit stress exposed weaknesses in Nigerian banks and public finances. The shock led into major central-bank interventions.

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