Here's Why Nigeria's Economy Just Entered a Recession

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 2 percent. Violence in Nigeria and falling Brent prices worldwide have contributed to the declines in production. TheStreet's Scott Gamm reports from Wall Street.