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Tag Archives: crude oil

Nigeria Faces Worst Recession In 40 Years – World Bank

World bank on recession in Nigeria

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank has said. The World Bank, in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a strong …

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