What is the possible impact and effect of coronavirus on the Nigerian Economy?

Key facts of the coronavirus on global Economy
1. The new coronavirus, which first emerged in the Chinese city of Wuhan last December, has infected more than 127000 people in at least 118 countries and territories globally with 0ver 4500 death, according to the World Health Organization.



2. The virus outbreak has become one of the biggest threats to the global economy and financial markets.



3. Major institutions and banks have cut their forecasts for the global economy, with the Organisation for Economic Co-operation and Development being one of the latest to do so.



4. Meanwhile, fears of the coronavirus impact on the global economy have rocked markets worldwide, with stock prices and bond yields plunging.



5. Fall in oils prices as The Organization of the Petroleum Exporting Countries (OPEC) fails to agree on oil production cost. The price of oil per barrel is already in its lowest price in 5 years



6. Global sport under threat



7. TV revenue from sport likely to decline