March 13, 2020/Cowry Asset

Nigeria’s economy, which grew by 2.77% in 2019 (higher than 1.91% in 2018) is currently in dire straits as a result of global COVID-19 (coronavirus) pandemic. The situation has created global uncertainty and loss of business and consumer confidence, slowed international trade by weakened demand, and resulted in the plunge in global crude oil prices which will have a huge negative impact on government revenue as well as Nigeria’s external buffers.

Click here to read full PDF copy of report