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 …
Tag: people
Cryptocurrency is the hottest new trend in the investing world. Although digital currencies have been around for over a decade, they have exploded in popularity over the past few months.. Bitcoin has been setting records this year, reaching a peak of around $63,000 in mid-April. Other cryptocurrencies like Dogecoin and Ether have also been gaining popularity as investors scramble to jump aboard the cryptocurrency bandwagon. It’s possible to make a lot of money investing in cryptocurrencies, but it’s also possible to lose a lot of …