The CBN Governor, Godwin Emefiele, made the prediction while fielding questions from journalists after the Monetary Policy meeting in Abuja on Thursday.
Spain overtook Italy on Monday as the country with most confirmed infections of the new coronavirus, according to the European Centre for Disease Prevention and Control.
Spanish Prime Minister Pedro Sanchez made the case for ambitious EU fiscal intervention, including shared debt, on Sunday.
The daily pace of new coronavirus infections and deaths in Spain slowed again on Saturday as Prime Minister Pedro Sanchez was expected to announce a new extension to lockdown measures that have confined most Spaniards to their homes for three weeks.
Several major European airlines on Monday said they would reduce their flights by up to 90 per cent amid the sharp fall in demand for air travel over the coronavirus pandemic.
Streets across Europe were quiet on Sunday as lockdowns aimed at slowing the spread of the coronavirus prompted countries to tighten borders and people to avoid public spaces.
Travellers scrambled at European airports to board flights to the US on Thursday after President Donald Trump announced sweeping travel restrictions to curb the spread of coronavirus.
US President Donald Trump on Wednesday announced a 30-day ban on most travel from Europe set to take effect Friday at midnight, as the country experiences a surge in coronavirus cases.
Manchester United will play the first leg of their Europa League last 16 tie against LASK behind closed doors.
Spanish authorities have decided to continue the domestic football calendar for now, but fans will not be permitted to attend matches.
Real Madrid want to sign Raheem Sterling this summer, and Zinedine Zidane believes the Manchester City star could be tempted to leave the Etihad Stadium in search of European football.
World Health Organisation has advised Member States to be ready for timely detection and management of any outbreak, especially coronavirus, as the death toll in China hit 56.
The minister disclosed this while speaking to newsmen on Nigeria’s preparations for the Olympics.
Portugal forward Cristiano Ronaldo has become the first European player to score 90 international goals.
Following several years of steady progress towards elimination of measles in the European Region, the number of countries that have achieved or sustained elimination of the disease has declined.
Shine Bridge Global, a US-based company, says it is determined to partner with Nigerian agribusinesses and regulatory agencies to improve cassava production and processing in Nigeria.
British police said they were called at 0415 GMT after reports that a man was climbing up the tower.
Barely two years Heritage Bank and the Central Bank of Nigeria disbursed a loan for building a N2 billion processing facility for Triton fish/chicken in Oyo State, the firm has commenced export of all kinds of frozen foods to some parts of Europe and African countries.
Iranian oil Minister Bijan Zanganeh said on Wednesday that Europe was not cooperating with Tehran to buy its oil in the face of US sanctions against Iran’s energy sector.
Some stakeholders in the yam value chain have appealed to the Federal Government to sign relevant trade agreements with the EU to facilitate free duty yam export to Europe.