Nigeria’s economy has entered a recession amid falling oil prices and production. Kevin Daly of Aberdeen Asset Management, based in London, said Nigeria oil production has been declining, which has contributed to the negative GDP growth seen in the nation during the first and second quarters of 2016. First quarter GDP slipped 0.4 percent, while second quarter GDP fell over two percent. Violence in Nigeria and falling Brent prices worldwide have contributed to the declines in production.
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
.TheStreet