Business

Africa needs $200bn yearly energy investment — IPPG

Africa needs $200bn yearly energy investment — IPPG

•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
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Naira: Critical moment for currency on life support

Naira: Critical moment for currency on life support

Today is a critical moment for the Naira. Its fate, at least for the next two months, will be decided by eleven economic experts who meet regularly to review and take decisions on policies that influence money supply in the Nigerian economy. For the past three years or so, members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have consistently decided to defend the naira.

Downstream reform will stabilise products distribution—IPMAN

Downstream reform will stabilise products distribution—IPMAN

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that current Federal Government reforms in the nation’s downstream petroleum sector will not only ensure products sustainability but also distribution stability.