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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Naira devaluation caused by Crypto users'

    CBN's Godwin Emefiele LM

By Akinola Ajibade

The depreciation of the naira against the dollar is fuelled by the  increase in the number of crypto users, a report on crypto has said. 

Currently, naira sells for between N580 to N590 to a dollar 

In its report, ‘Into The Cryptoverse: Decoding The World Of Crypto Consumers,’ KuCoin, a crypto exchange with over 10 million registered users, thirty three and four hundred million Nigerians are believed to have defy the  order of the Central Bank of Nigeria,( CBN) , as they continue to trade in cryptocurrencies and related transactions 

The report, which was obtained by the News Mirror, said that the decision by Nigerians to continue trading in it is affecting the value of naira and that it would further wesken vthe nation's currency, if not checked 

The report  further said that  crypto population is largely dominated by 18 to 60-year-olds

It said, “According to Google Trends, Nigeria was recorded as the country with the highest number of bitcoin searches globally in early 2021, signaling the growing utility of cryptocurrency in the country.

“The data also pointed out that the country’s youth have been the decisive force behind the surge in bitcoin searches. According to our survey conducted in early 2022, 33.4 million Nigerians, which accounts for 35 per cent of the population aged 18 to 60, currently own or have traded cryptocurrencies over the past six months.

70 per cent of these crypto investors the report said, would likely  increase their cryptocurrency assets soon., while another six per cent of the country’s population are interested in investing in cryptocurrency in the coming 6 months,

According to the crypto exchange, the depreciation of the naira over the last six years has fuelled the increase in the number of crypto users in the nation.

It added, “The Nigerian currency, Naira, has depreciated by more than 209 per cent in the past six years. Some Nigerians recognised the financial opportunity brought by Bitcoin early on.









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