The coronavirus disease (COVID-19) outbreak has become a global threat as it has led to shut down of economies around the world.
The Nigerian cinema industry has experienced a gradual dip in revenue since the onset of the Coronavirus in January 2020.
Airtel lost over 100,000 subscribers in Nigeria between December 2019 and January 2020. While Airtel Nigeria's subscribers declined,
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
The market capitalisation of the Nigerian Stock Exchange, which represents the market value of all listed companies, lost about N2 trillion in the first quarter of 2020.
Despite bearish market, the top ten stockbroking firms in Nigeria traded a total of N391.9 billion worth of shares between January and March 2020.
Nigeria's total debt stock as at December 2019 included N21.7 trillion owed by the Federal Government and N5.6 trillion owed by the state governments.
Naira has depreciated to its weakest level since February 2017 at the parallel market, which is also known as the black market.
The global spread of COVID-19 and fear of another surge later in the year could limit travel plans for dollar-hungry Nigerians, easing pressure on the already troubled naira.