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1000Reasons

2016Significant

Nigeria enters recession

Oil-price shocks, production disruptions, and foreign-exchange restrictions pushed Nigeria into recession.

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2016

Nigeria enters recession

Oil-price shocks, production disruptions, and foreign-exchange restrictions pushed Nigeria into recession.

1000reasons.voteEditorial timeline entry

What happened

Oil-price shocks, production disruptions, and foreign-exchange restrictions pushed Nigeria into recession. NBS data showed negative growth in 2016.

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