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Businesses Are Adversely Affected By Coronavirus In China

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Businesses Are Adversely Affected By Coronavirus In China

Businesses Are Adversely Affected By Coronavirus In China.

Since the outbreak of the coronavirus in Wuhan, the capital of Hubei province in Central China, in December last year, some factories in China have remained closed, while workers have been forced to stay out of work as part of attempts by authorities to curtail the spread of the virus.

As China’s economy struggles with dealing with the virus, the economies of other countries are also being affected, directly or indirectly, by the pandemic.

In South Africa, where almost 90 per cent of harvested shrimps was exported to China, fishermen lamented the heavy decline in exports and how it has affected their livelihoods, according to a BBC documentary.

Nigeria is not exempted by this decline in trade with China due to the coronavirus.

Austin Okafor, a Nigerian trader at DEI DEI timber market in Abuja, the Nigerian capital, lamented the effect of the outbreak on his business.

Mr Okafor, an Abuja based contractor and an importer of building materials, such as nails, (ceiling) sheets and other building equipment which he imports from China, told PREMIUM TIMES that for now, goods available in his warehouse are products he had already purchased, months before the outbreak.

He also lamented that the prices of products have already increased.

”Most of the Chinese companies we buy our products from have already closed down,” he said.

“Many of the products we are selling and the ones that are coming from ports are the ones we have already bought before the outbreak.

”The outbreak has affected those that get contacts from government and (private) bodies. Prices have also gone up,” he said.

”We sell a carton of nails N11,800 before the outbreak. Now, we sell them for N13,000, We also used to sell a bundle of ceiling sheet for N11,400 before. Now, we sell for N13,500.

He added that, ”The number of goods in the market has reduced, and the ones that (we) are selling are the ones that (we had) already bought before the outbreak.”

China remains Nigeria’s biggest source of imports. About N1.99 trillion worth of goods were imported from the Asian country in the first half of 2019, according to the Nigeria Bureau of Statistics (NBS). Nigeria imports different kinds of goods ranging from personal effects to industrial machinery and raw materials.

Also, Nigeria offers Chinese companies a diverse range of lucrative commercial and trade opportunities, as part of its attractive bilateral trade treaty between the two nations. As of May 2019, Chinese companies had invested $20 billion in over 150 firms in Nigeria.

Nigerian entrepreneurs make regular commercial pilgrimages to Chinese manufacturing cities like Guangzhou to buy bulk purchases at cheap prices.

According to data from the NBS, Nigeria’s imports from China hit ₦1.99 trillion in the first half of 2019. The country almost doubled total imports from China, rising by 88 per cent compared to the first half of 2018.

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Music

Buez – Outcast

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Buez – Outcast

Buez – Outcast

Nigerian rapper, Owen Buez the BoyWonder is back on mic following his last track Real.

On this jam titled Outcast, Buez with his melodic wordplay skills unleashed his feelings about the segregation and the unfair treatments he has gotten for being unique in the industry.

Buez – Outcast (Music Mp3 Download)

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Music

Pinch – Gulzaar Chhaniwala

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Pinch – Gulzaar Chhaniwala

Pinch – Gulzaar Chhaniwala

Gulzaar Chhaniwala hits back the studio to dish to fans a new music with title “Pinch”.

Gulzaar Chhaniwala is an artiste from the famous label High Speed Records, the brain behind the success of Pinch by Gulzaar Chhaniwala.

Artist: Gulzaar Chhaniwala
Genre: Punjabi

Promotion: Apex International Media
Music Format: Mp3
Duration: 03:19
Release Date: March 18, 2020.

Pinch – Gulzaar Chhaniwala (Music Mp3 Download)

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Music

Compete – Singga (The Kidd)

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Compete – Singga

Compete – Singga

Famous Punjabi singer known as Singga, serves fans with a mind blowing track which he tags “Complete”.

Music for the song is provided by The Kidd and the lyrics are penned by Singga himself. T-Series Apna Punjab has released the song. The video to Compete is shot by Tru Bande.

Artist: Singga
Genre: Punjabi
Format: Mp3
Duration: 03:44
Released: March 16, 2020.

This is a return to a Singga in his macho element. The video is a strange ode theloker. He will either get you buying in straight away or have you turning off after 30 seconds. That just seems to be the Singga way.

Compete – Singga (Music Mp3 Download)

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Davido Ft Wurld, Naira Marley, Zlatan – Sweet In The Middle

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Davido Ft Wurld, Naira Marley, Zlatan – Sweet In The Middle
Davido Ft Wurld, Naira Marley, Zlatan – Sweet In The Middle

Nigerian superstar, Davido has finally released his highly anticipated project called “A Good Time” Album.

Off his new body of work, “A Good Time” album, Davido features WurldNaira Marley and Zlatan on the new record titled “Sweet In The Middle”.

In addition to all this, “A Good Time” album houses 17-tracks and features Chris Brown, Popcaan, Gunna, A Boogie Wit Da Hoodie, Summer Walker, Dremo, Naira Marley, Zlatan and Yonda.

Davido Ft Wurld, Naira Marley, Zlatan – Sweet In The Middle [Music Mp3 Download]

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Music

Caro By Zinoleesky Ft Naira Marley

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Caro By Zinoleesky Ft Naira Marley

Caro By Zinoleesky Ft Naira Marley

Marlians Music Singer well known by stage name, Zinoleesky finally drops debut with title “Caro”, with a dope featuring from the President of Marlians Music, Naira Marley.

Zinoleesky with “Caro” kick starts the year coupled with his new music journey, employs the service of his President, Naira Marley who graced the song with his vibe and unique melodic rap sound.

The Caro song is about a young lady who was in love with money, but wanted to play smart with a Black skin boyfriend.

The jam “Caro” bags production credits to the award winning Rexxie.

Caro By Zinoleesky Ft Naira Marley (Music Mp3 Download)

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Music

Big Castro – Fake

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Big Castro – Fake

Castro with his melodic raps and magical word play rhymes, hits back on the mic to dish to fans his new song title fake.

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Music

Big Castro – Confessions Of A Tchurchboy

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Big Castro – Confessions Of A Tchurchboy
Big Castro – Confessions Of A Tchurchboy

Nigerian rapper, Big Castro has just dropped a new song tagged “Big Castro – Confessions Of A Tchurchboy“.

Castro with his melodic raps and magical word play rhymes, unleashed his unusal mind to fans.

He specifically recognized and paid tribute to his late Big fan Udo nwaiwu (2018), who lost his life in a ghastly motor accident.

Big Castro – Confessions Of A Tchurchboy (Music Mp3 Download)

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