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Which markets will be the most affected by coronavirus?

Coronavirus has turned the whole world upside down. Today we can safely say that most of the global economies have already been affected by the outbreak of the pandemic and the remaining ones are likely to suffer negative consequences of the global economic slowdown in the near future. Although it’s too early to count losses, […]

Increased Pressure on African Currencies Amidst COVID-19 Chaos

Nigeria in lockdown faces bank pressure The Naira tumbled to its weakest level in 5 years in the parallel market at 415 per dollar, widening the gap with an official rate of 386 (See: current naira to dollar exchange rate). With 14-day lockdowns announced last week for Lagos and Abuja hitting productivity, banks came under […]

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