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Analysts: Little Influence for Nigeria on Low Oil Prices

The global drop in the price of crude has battered Nigeria’s economy, slowing economic growth and cutting into government revenue. During his recent visit to the Middle East, President Muhammadu Buhari called for action to stabilize prices. But analysts say there’s little Nigeria can do to influence countries like Saudi Arabia to cut production. Oil was on Buhari’s mind as he visited the Middle East in recent days. In a meeting with the ruler of Qatar Saturday, he called the low price...

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