{"id":72219,"date":"2020-10-20T07:00:56","date_gmt":"2020-10-20T07:00:56","guid":{"rendered":"http:\/\/34.140.144.153\/2020\/10\/20\/nigerias-economy-hit-hard-by-collapse-in-oil-prices\/"},"modified":"2020-10-20T07:00:56","modified_gmt":"2020-10-20T07:00:56","slug":"nigerias-economy-hit-hard-by-collapse-in-oil-prices","status":"publish","type":"post","link":"https:\/\/guardian.ng\/tv\/nigerias-economy-hit-hard-by-collapse-in-oil-prices\/","title":{"rendered":"Nigeria&#8217;s economy hit hard by collapse in oil prices"},"content":{"rendered":"<div class=\"dailymotion-responsive-container\" style=\"position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%;\"><div class=\"dailymotion-player\"><script src=\"https:\/\/geo.dailymotion.com\/player\/x1ee8e.js\" data-video=\"k4mFiP9zfJ3iMPwnYiu\"><\/script><\/div><br><br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria is officially in recession for the first time in more than a decade, bringing an end to three years of low but positive growth. The African country&#8217;s economy relies heavily on oil exports, but the coronavirus pandemic has slashed global demand and the price of oil has plunged. That&#8217;s bad news for a country whose budget plans relied on getting a certain price per barrel, a price that now means Nigeria is selling crude at a loss. Our correspondent Mo\u00efse Gomes reports from Lagos.<\/p>\n","protected":false},"author":2,"featured_media":72220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_gam_disable_ads":false,"footnotes":""},"categories":[1077,1076],"tags":[6015,691,1512],"class_list":["post-72219","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-business","category-news","tag-crude","tag-nigeria","tag-oil","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nigeria&#039;s economy hit hard by collapse in oil prices - GuardianTV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/guardian.ng\/tv\/nigerias-economy-hit-hard-by-collapse-in-oil-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria&#039;s economy hit hard by collapse in oil prices - GuardianTV\" \/>\n<meta property=\"og:description\" content=\"Nigeria is officially in recession for the first time in more than a decade, bringing an end to three years of low but positive growth. The African country&#039;s economy relies heavily on oil exports, but the coronavirus pandemic has slashed global demand and the price of oil has plunged. That&#039;s bad news for a country whose budget plans relied on getting a certain price per barrel, a price that now means Nigeria is selling crude at a loss. 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