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Nigeria's economy and the crisis in 2015 with lower oil prices, depreciating currency and decline in foreign investment

03/31/2015

The insurgency in the northeast leads to lack of security, leading to a decline in foreign investment. This adds to the problems created by lower oil prices in 2015, and the depreciating currency. Muhammadu Buhari, a northerner was elected by a 10 point vote margin in March 2015 to help improve the economic situation in Nigeria, Africa's largest country. The U.S. and Europe show a willingness to help the new Nigerian government tackle the many problems it faces.

Grouped Articles

Businesses Seek Out New African Frontiers

Wall Street Journal 04.01.2015

In Nigeria’s Election, Muhammadu Buhari Defeats Goodluck Jonathan

New York Times 03.31.2015

Muhammadu Buhari, a Familiar, and Now Less Divisive, Choice in Nigerian Election

New York Times 03.31.2015

Nigeria’s election: Three cheers for democracy

Economist 04.05.2015

Africa and commodity prices: No longer the kiss of death

Economist 04.30.2015

Former Strongman, Taking Over Presidency, Raises Hope in Nigeria

New York Times 05.26.2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08.23.2015

Oil Prices Plunge 5% After OPEC Stands Pat

New York Times 12.07.2015

IMF’s African Push Reopens Old Wounds

Wall Street Journal 03.05.2016

Nigeria Grapples With Abrupt End to Rapid Growth

Wall Street Journal 04.12.2016

Who’s running Nigeria?

The Economist 03.07.2017

Young, Urban and Poor: Africans Fight Back

WSJ 02.05.2019

Nigeria’s difficult democratic journey

The Hindu 02.28.2019


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