Nigeria is Africa'slargestoil producer, pumping over two million barrels a day. For decades, the country has relied heavily on the oil sectorto bring in taxesand foreign exchange.
Butthe drop in the oil price has knocked the value of the local currency - the naira - by nearly 20%.
Those immediately affectedare ordinary people, and also the new generation of investorswho only enteredthe oil and gas businessesin recentyears.
Lerato Mbele reports from PortHarcourt, in southern Nigeria, for Africa Business Report.
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