Newsweek | Blame oil: Nigeria slumps into recession, Norway stalls CNNMoney The slump in oil prices has drained Nigeria's foreign currency reserves. To stem the outflow of cash from the country, the government introduced strict restrictions on importing goods that it said could be produced locally. But that decision has ... Nigeria in recession as low oil prices shrink economy Nigeria Goes Into Recession as Oil Production Slashed by Militants Nigeria's oil-based economy stumbles |