How dollar-backed financing limits Nigeria’s clean energy transition
12 May 2023 |
5:36 am
The World Economic Forum is urging Nigeria to identify risk-hedging facilities to back the naira financing of clean energy projects due to the limited availability of dollar finances.
Related
24 Mar
A new generation of talented forex traders in Nigeria is learning the moves of the industry — and fast! We find out why this unconventional business model is giving hope to young Nigerians.
26 Mar
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
24 Mar
Thousands of people in Nigeria's Niger Delta region are suing oil giant Royal Dutch Shell over alleged damage to their communities. They hope to convince a British court that Shell's exploration activities have polluted their rivers and water supplies.
27 Mar
The Super Eagles were defeated by Guinea Bissau 0-1 when both sides last met last week. Can they do it again? Host Ayomide Sotubo talks about the last game and the coming game in this episode of The Nutmeg.
28 Mar
The Super Eagles fulfilled their promise of revenge against Guinea-Bissau and we will be reviewing the game for you. Ayomide Sotubo dissects what we learned from the two fixtures on this episode of The Nutmeg.
Tinubu will give Nigeria effective leadership – Buhari, Fire razes building in Lagos market and more
28 Mar
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
29 Mar
Prof. Micheal Nwankpa, Founding Director and Director of the Research Centre for African Conflict and Development, London launched his much-anticipated book Nigeria’s Fourth Republic, 1999-2021: A Militarised Democracy at the University of Lagos recently.
6 Apr
Following a foreign exchange auction at the end of last week, Nigeria's naira currency hit a record low on Monday as the central bank grapples with dollar scarcity and a backlog of demand for foreign currency.
10 Apr
Gunmen in Nigeria's northern Kaduna state kidnapped eight secondary school students coming from school along with an unknown number of others, authorities said on Tuesday, the latest in a wave of such abductions.
6 Apr
As Nigeria's Central Bank tries to rebuild trust following a disastrous introduction of new naira bills, customers' faith in the financial system is being tested, as many still battle to obtain cash.
9 Apr
Judith Akinwunmi had her kids through a surrogate mother and decided to start an agency helping people who struggle with infertility. She would like to see a surrogacy law in Nigeria.
15 Apr
In northern Nigeria, hundreds of children have been abducted from school in recent years. No longer wanting to take risks, many parents have stopped sending their children to school. They'd rather risk them dropping out.
Latest
1 hour ago
Kanye West and his new wife Bianca Censori have moved into a luxury penthouse in West Hollywood.
1 hour ago
The Turkish lira has plumbed new depths after the reelection of President Recep Tayyip Erdogan, and inflation remains stubbornly high. Will the Turkish ruler change his unorthodox economic policies now?
2 hours ago
While the majority of people have been displaced internally, hundreds of thousands have fled to neighboring countries too. Meanwhile, the army chief has fired his former ally turned rival from the Sovereignty Council.
3 hours ago
The tournament will kick off on September 8 in Paris as France hosts three-time winners New Zealand in a match up between the teams ranked second and third in the world. Matches will be played across nine venues in France as the holders South Africa look to clinch a record fourth title. They are in the same pool as Ireland, who are currently the top ranked side.
3 hours ago
In Canada, there has been a marked increase in the number of Mexican travelers seeking asylum at Montreal's airport since early last year. Since 2016, these travelers have been allowed to arrive without visa stipulations, a result of new entry regulations revised by the then newly-elected Liberal government.
