About: http://data.cimple.eu/news-article/0d35908765d42ffd1f7ec55d23ccd9c3d8116e6d44d3c6aeb8c34c04

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About: http://data.cimple.eu/news-article/0d35908765d42ffd1f7ec55d23ccd9c3d8116e6d44d3c6aeb8c34c04 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Nigeria's central bank on Monday unveiled a $135 million fund to support businesses hit by the coronavirus crisis as it tries to cushion the economic blow from the pandemic. Africa's biggest oil producer is facing major financial turbulence after the spread of the coronavirus sparked a slump in the price of crude. The government has admitted it will have to cut its budget as revenues collapse and analysts warn of a potential recession if the oil price drop is prolonged. Central Bank chief Godwin Emefiele said the fund, equivalent to 121 million euros, would aim at helping businesses "including but not limited to hoteliers, airline service providers, health care merchants" affected by the virus. He also said the state lender would provide credit support for the health sector "to meet potential increase in demand for health care services and products". Emfiele has so far refused to buckle to mounting pressure to devalue the naira national currency despite oil falling well below the central bank's envisioned price and foreign exchange reserves dwindling. So far Africa's most populous country has reported only two confirmed cases of COVID-19, the disease caused by the novel coronavirus. But experts warn the country remains vulnerable to the rapid spread of the disease due to its high population density and fragile health system. ean-del/ri
schema:headline	Nigeria central bank announces coronavirus aid fund
schema:mentions	Foreign-exchange reserves Health system Population density Godwin Emefiele Price Drop Populous (company) Buckling Nigerian naira Recession Currency Africa Pandemic Nigeria Virus Severe acute respiratory syndrome coronavirus 2 Turbulence
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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