IMPACTS OF COVID-19 ON THE NIGERIAN ECONOMY

The Economic Impacts of COVID-19 In December 2019, a cluster of pneumonia cases from an unknown virus surfaced in Wuhan, China. Based on initial laboratory findings, the disease named Coronavirus disease 2019 (abbreviated as COVID-19), was described as an infectious disease that is caused by severe acute respiratory syndrome coronavirus 2. The COVID-19 outbreak has […]

IMPACT OF COVID-19 ON THE ECONOMY ON INTEREST RATES ON NIGERIA ECONOMY

The Central Bank of Nigeria has announced its first set of policies to cushion the negative impact the deadly coronavirus on Nigerian businesses and economy. The CBN governor, Godwin Emefiele, announced in Abuja that the interventions included the immediate cut on interest rates of all applicable CBN intervention facilities from nine per cent to five percent per annum for […]