2016Significant
Nigeria enters recession after oil-price shock
Low oil prices, foreign-exchange stress, and production disruptions pushed Nigeria into recession.
Hall of FameFourth Republic
2016
Nigeria enters recession after oil-price shock
Low oil prices, foreign-exchange stress, and production disruptions pushed Nigeria into recession.
1000reasons.voteEditorial timeline entry
What happened
Low oil prices, foreign-exchange stress, and production disruptions pushed Nigeria into recession. The shock exposed dependence on oil revenues and imports.
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