Skip to main content

Nigeria To Hold Talks With Ghana Over Gas Supply Threat - ChannelsTV

By

The Ghanaian Government delegation is in Nigeria to hold emergency talks with the Federal Government, to avert a drastic gas supply cut threat.

The Nigerian National Petroleum Corporation (NNPC) said it will cut gas supply by 70 per cent to Ghana’s main power generation company by Friday, owing to unpaid debts of $181 million.
Ghana has already suffered power shortages and Nigerian gas meets about 25 per cent of its needs.
Ghana was for years one of Africa’s economic stars, but falling global commodity prices have blunted the value of its gold, cocoa and oil exports.
Its fiscal problems include inflation of up to 17.4 per cent in September, a currency that has fallen sharply in the last two years and a debt-to-GDP ratio of around 70 per cent.

Comments

Post a Comment

Popular Posts

Yemi Alade Shows Off Her Natural Hair

By
Pin-Up Naturalista! Yemi Alade Shows Off Her Short ‘fro Afro pop singer, Yemi Alade is all about the natural hair life. A few hours ago she posted this photo praising her natural hair that seems to be coming out of a split end phase. She captioned the photo – “Awwww mi natural hurrr….Thank You Lord…no more split ends.” We’re happy too Yemi…we’re happy too!
Post a Comment
Read full story »

Dangote acquires 16,000 hectares for commercial farming in Jigawa

By
The Dangote Group on Thursday said it had concluded arrangements to develop 16,000 hectares of land for commercial farming in Kafin-Hausa Local Government Area of Jigawa State. The representative of the company, Femi Afolabi, said this during a community sensitisation exercise in Kafin-Hausa. Afolabi said the company would develop 15,000 hectares for rice cultivation, while 1,000 hectares had been earmarked for construction of a modern rice mill. He said another 10,000 hectares of land would also be developed for seed out-grower farm, adding that the measure was to encourage production of quality seed. According to him, the company will spend about $250 million on the project, which will generate about 50,000 jobs among rural dwellers. Breaking down the figures, Afolabi explained that $150 million was earmarked for rice cultivation in Kafin-Hausa, while $100 million was for industrial sugarcane production in Kaugama. He said the company had made adequate arrangements to ens...
Post a Comment
Read full story »

Justin Bieber takes front cover of GQ Magazine

By
Nice...
Post a Comment
Read full story »