April 23, 2020/IMFBlog By Kenneth Kang and Changyong Rhee Asia was hit hard by the first wave of the coronavirus, as the sudden stop in activity struck households and firms simultaneously—first in China, then elsewhere in Asia, and now globally. Policymakers responded swiftly with aggressive spending to support the medical […]
OPINION/EDITORIAL
E-Payments, a Beneficiary of the Virus
Culled—Proshare April 23, 2020 By FBNQuest Research The latest data from a NBS series, produced in collaboration with the CBN, reveal that 894 million transactions valued at N49trn were recorded on electronic payment channels in Q4 2019. NIBSS instant payments (NIP) dominated with a volume of 343 million. […]
Nigeria’s Impending Recession
Culled—Proshare April 23, 2020 By FDC Ltd The International Monetary Fund (IMF) estimates that the coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009. However, it expects a recovery by 2021. The pandemic has […]
