Nigeria: Forex Crisis Hits Fuel Importers, N145 Per Litre No Longer Sustainable

 After months of struggling to sustain fuel imports under the current foreign exchange regime, the Nigerian National Petroleum Corporation (NNPC) finally admitted monday that the sale of petrol at the current market price of N145 per litre was unsustainable due to the prevailing exchange rate. NNPC also admitted that despite the preferential exchange rate made […]


Nigeria Welcomes Chinese Investors For $5.5 Billion Oil Deal

 10 Chinese investors are expected to arrive Abuja today to hold discussions on the $5.5 billion investments in the oil and gas sector. The delegation will comprise officials of China North Industries Corporation (NORINCO) and Tiger Jade, the investment arm of NORINCO. Their visit, it was learnt, is a follow-up to the roadshow embarked upon […]



Ahmed Williams: The Travails of Small and Medium Enterprise Ownership in Nigeria

 A recent World Bank Ease of Doing Business Index showcased how frustrating it is to own and operate a small and medium enterprise business in Nigeria in the 2015 Doing Business Index. The relative link between SME’s, economic growth and poverty alleviation cannot be overstated with regards to enhancing a robust economy. Thus, one important […]


Diana Taremwa: How Rwanda’s Economy Is Powered By Innovation

 Located on the shores of Lake Kivu, one of Africa’s Great Lakes, lies the gigantic KivuWatt methane-fired power plant. The plant reflects Rwanda’s ambitions to be one of Africa’s technological pioneers – this is the only gas water extraction power plant operating in the world. “This project is a positive step and it’s an indication […]