The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU). The report, “Nigeria In Times of COVID-19: Laying Foundations for a Strong Recovery,” estimates that Nigeria’s economy would likely contract by 3.2% in 2020. This projection assumes that the spread of COVID-19 in Nigeria is contained by the third quarter of 2020. If the spread …
Category: Life Style
In the last six months, the crypto economy experienced significant milestones, fueling the record surge of the digital asset; and the industry is expected to preserve momentum even after rallies come to an end. Although we only just entered the second quarter of the year, we have seen a number of noteworthy developments in the field of cryptocurrencies, some of which are highlighted below. On April 20, 2021, Venmo announced it is adding crypto support to its platform, joining the long list …