<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2015/02/image30.jpg"><img src="http://londonglossy.com/wp-content/uploads/2015/02/image30.jpg" alt="image" width="600" height="325" class="aligncenter size-full wp-image-68795" /></a></p>
<p>As Nigerians prepare for presidential elections, the armed group Boko Haram, corruption and falling oil prices are some of the issues worrying Africa&#8217;s most populous nation.<br />
More than 90 percent of the country&#8217;s revenues come from exporting oil. But oil has lost almost 60 percent of its value over the last six months.<br />
However, Africa&#8217;s biggest economy has managed to weather the economic storm created by plunging oil prices and currency devaluation: The central bank devalued the currency and raised interest rates in November.</p>
<p>It followed up by not raising interest rates any further, and has been burning through its cash reserves as well to prop up the currency.<br />
So, what is the cost of Nigeria&#8217;s high reliance on oil revenues? How are currency devaluation, falling oil prices, and rising inflation affecting ordinary Nigerians? And will President Goodluck Jonathan win the election?<br />
Yvonne Ndege reports from Abuja on the impact of plunging oil prices.<br />
Akpan Hogan Ekpo, the former director of the Nigerian Central Bank, who is also the director-general of the West African Institute for Financial and Economic Managment, joins the debate.</p>
<p>TTIP: The mother of all trade deals?</p>
<p>The Transatlantic Trade and Investment Partnership (TTIP) is a trade agreement to be negotiated between the European Union and the United States, forming what would be, in effect, the world&#8217;s biggest trading bloc.<br />
It could create millions of new jobs and increase trade by billions of dollars &#8211; a much needed stimulus for the global economy.<br />
But many are not convinced and say it is undemocratic and will only increase the power of big business.<br />
Laurence Lee brings a special report on the topic.<br />
Beyond black gold</p>
<p>When oil prices are high, economies typically try to switch to alternative energy sources. But right now, prices are low, which should mean oil becomes more attractive.<br />
But it seems even OPEC members are looking beyond black gold this time, as rising populations and increasing consumerism are leading to more energy consumption as a whole.<br />
So is solar energy the way forward? Can solar power replace oil in the Middle East?<br />
Vicente Lopez-Ibor Mayor, the chairman of Lightsource Renewable Energy, who was previously with the National Energy Commission of Spain, talks to Counting the Cost about alternatives energy.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed108a729e5">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed108a729e5',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.