Africa in Focus: Nigeria Becomes the Continent’s Biggest Economy

The video discusses Nigeria's position as Africa's largest economy following South Africa's recession, and the implications for Nigeria's credit rating with Moody's. It also covers the first coronavirus case in Senegal, the second in Sub Saharan Africa, and the potential economic impact, including possible actions by central banks in the region.

What event led to Nigeria becoming Africa's largest economy?

• A significant increase in oil production

• South Africa entering a recession

• A decrease in population

• A major technological advancement

Why is Nigeria's credit rating with Moody's at risk?

• Because of slowing economic growth

• As a result of a trade embargo

• Due to political instability

• Owing to a natural disaster

What is the significance of Moody's meetings with Nigerian policymakers?

• To address environmental concerns

• To plan a new infrastructure project

• To review the country's credit rating

• To discuss a new trade agreement

Which country confirmed the first coronavirus case in Sub-Saharan Africa?

• Nigeria

• Senegal

• Ghana

• Kenya

What might central banks in Sub-Saharan Africa consider due to the coronavirus outbreak?

• Introducing new currency

• Reducing taxes

• Implementing stimulus measures

• Increasing interest rates