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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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CBN Advises Central Bankers on Tighter Regulation of Banks

CBN's headquarters, Abuja.


Favour Ajibade


The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday, advised his counterparts in other African countries to put in place  measures that would prevent any run on financial institutions in their jurisdictions..

He said sound regulatory and supervisory mechanisms and day to day monitoring of the financial institutions are crucial, if the banks would remain healthy. 

He gave the advice at the opening of the 2023 African Central Bank Conference held at the Global Leadership Center, Johannesburg, South Africa. 

Speaking on the current global dynamics and specific policy developments in Nigeria to address emerging shocks, he advised central banks on the continent to draw lessons from the recent failure of Silicon Valley Bank (SVB) and Signature Bank in the United States of America, by putting in place regulations that will prevent any run on banks in their countries.

Emefiele, while sharing Nigeria’s experience in regulating banks, noted that the threats posed to the financial system necessitated the release of new guidelines and regulations to tackle potential infringements and, in the process, protect depositors’ funds as well as promote greater transparency in the sector.

According to him, regulators must be alive to their responsibilities by ensuring that banks under their regulatory watch are financially healthy and do not suffer a similar fate as the Silicon Valley Bank, which, until its collapse recently, catered to many of the world’s most powerful tech investors.

Topics discussed at the conference, declared open by the Prime Minister of Namibia, the Rt Hon. Saara Kuugongelwa, centred around “African Solution for African Problems” and “Africa’s  Seat at the Table,” among others. Other deliberations at the two-day confab, also addressed by Lesetja Kganyago, Governor, Reserve Bank of South Africa, bordered on “Calibrating for a New World Order” and “Unlocking Development Finance and Mobilising Institutional Investors for Development in Africa”.

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