Nigeria’s economy is tied to China’s health; enter the coronavirus
China accounts for about a quarter of Nigerian imports, but Nigeria’s first coronavirus case wiped some 300-billion naira off the local stock market
07 March 2020 - 09:05
Lagos/London — Yetunde Oluyide has run a gift shop in bustling Lagos for nearly a decade, but with the coronavirus curtailing imports of Chinese goods, she is losing more than 2-million naira ($5,555) a month.
Oluyide’s reliance on China to fill the shelves of Yettyjewel Ventures reflects the close ties between the world’s second largest economy and Africa’s most populous country...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.