Stears on the impact of COVID-19 on small businesses in Nigeria
19 April 2020 |
11:15 am
Data from Stears says Nigerian businesses are likely to be directly affected by the local spread of COVID-19, and many more would be impacted by the partial shutdown of the Nigerian economy. They also stress that most of the 40 million small businesses in the country are ill-equipped to handle a crisis of this scale. Michael Famoroti, Chief Economist at Stears joins CNBC Africa for more.
Related
Related
1 hour ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
1 day ago
The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.
1 day ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.
Latest
1 hour ago
Investigators teamed up with colleagues from the Balkans and Lebanon in raids set up by months of intense surveillance. Authorities say the operation thwarted over €10 million in damages and led to 21 arrests.
1 hour ago
Georgians continue to take to the streets to demonstrate against draft legislation that they say would infringe on their rights and lessen the chances of Georgia being able to join the EU.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
1 day ago
The number of births and weddings in Germany has fallen to its lowest level in a decade, especially in the eastern part of the country.
1 day ago
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
1 day ago
A team of experts commissioned by the French president warned against screen and social media use for children. Children under three years old should not have any screen time and up to age six it should be “strongly limited,” according to an expert panel commissioned by French President Emmanuel Macron.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.