2016Significant
Nigeria enters recession
Oil-price shocks, production disruptions, and foreign-exchange restrictions pushed Nigeria into recession.
Hall of FameFourth Republic
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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