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Jun 25, 2020

Nigeria’s $6 billion solution to the oil price plunge

Billions are needed to boost the economy of Africa’s largest crude oil producer. Qantas cuts 20% of its workforce. Travel companies struggle as Saudi Arabia bans international pilgrims travelling for hajj.

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Nigeria's economy relies heavily on its energy sector, particularly crude oil.
Nigeria's economy relies heavily on its energy sector, particularly crude oil.
Stefan Heunis/AFP via Getty Images

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Nigeria’s $6 billion solution to the oil price plunge