The fragility of the reserves being used to support the naira and it's revalued rate shows that Nigeria needs to find new ways of earning foreign currency. In the first story of our series on the impact of COVID-19 on Nigeria, we look how its economy considers strategies to reduce the naira’s dependence on volatile oil prices.
Corporate governance rather than capital strength is the main challenge facing Nigerian regulators and banks grappling with lending exposure to the country’s oil producers. In the second story of our series, we look at the impact of COVID-19 on Nigeria's economy as it considers the outlook for banks who have lent to oil producers.
Nigeria’s biggest technology and telecoms players will benefit in the long term from the COVID-19 pandemic. The challenge is to protect small start-ups that represent the future of innovation. This third article of our series on the the impact of COVID-19 on Nigeria, looks at telecoms and technology.