WHICH WAY NIGERIA? ...
INTERNATIONAL BUSINESS TIMES... NIGERIA ECONOMY 2016; ECONOMY SLUMPS AS... Nigeria has entered a recession and it's largely the work of the oil industry. The country's economy contracted by 2.06 percent in the second quarter, between April and June, this year, according to figures from the Nigerian Bureau of Statistics (NBS). That's the second straight quarter of declining growth or "the usual definition of recession," as the BBC pointed out. Declining oil prices have hurt a number of countries worldwide, like Brazil or Russia , as well as U.S. towns that saw massive growth amid a fracking boom. Nigeria was hit especially hard by the decline in oil since crude oil sales account for 70 percent of government income... http://www.ibtimes.com/nigeria-recession-2016-economy-slumps-oil-woes-continue-2409859 CNN MONEY.... NIGERIA SLUMPS INTO RECESSION The oil crisis is still biting. Nigeria slumped into recession and Norway's economic growth