AVCA rallies for investment uptick to unlock $2.3trn of domestic capital in Africa
Post AMUGE
April 25, 2024
Business a.m. The African Private Capital Association (AVCA) has issued a call to action, urging for heightened investment efforts to tap into the $2.3 trillion pool of untapped domestic capital in Africa. The association highlighted the imperative during the AVCA 20th Annual Conference & VC Summit held in Johannesburg, under the theme ’embracing change and […]
Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset
Post AMUGEApril 23, 2024
ONOME AMUGE & JOY AGWUNOBI IN LAGOS, NIGERIA The first quarter of 2024 will be remembered as a turbulent period in Nigeria’s economic history, as the nation endured the wrath of inflationary turmoil. The headline inflation rate soared to 33.20 percent in March 2024, reaching its highest level since March 1996, a grim milestone that […]
Access Holdings chairman bullish about raising $300m new capital
Post AMUGEApril 23, 2024
Our shareholders have mind set on recapitalisation Has over 800,000 shareholders In 2024 Access Holdings is much older, wiser, stronger, larger Is significantly respected by the capital market PHILLIP ISAKPA IN STOCKPORT, UK Aigboje Aig-Imoukhuede, the newly elected chairman of Access Holdings Plc, who chaired his first meeting of shareholders over the weekend, is […]
NCDMB sees Nedogas $1m investment returns nurturing prosperity in oil sector
Post AMUGEApril 22, 2024
Business a.m. The Nigerian Content Development and Monitoring Board (NCDMB) recently announced a $1 million investment return from Nedogas Development Company Limited (NDCL), marking a promising return on one of the Board’s strategic investments. In a symbolic gesture, Emeka Ene, the NDCL chairman, journeyed to the Nigerian Content Tower in Yenagoa, Bayelsa State, to present […]
N7.314trn accrues to Federation Account in HY2 2023, says RMAFC
Post AMUGEApril 22, 2024
NNPC Ltd remits N874.6bn; NUPRC: N1.568trn; FIRS: N3.65trn ; NCS: N1.216trn Ben Eguzozie The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the Federation Account received a little above N7.314 trillion (N7,314,129,314,386.08) in half-year 2023 (HY 2023 – July to December), as captured in the Federation Account Allocation Committee (FAAC) monthly report by the […]
Adeduntan leaves after 9-years leading Nigeria’s oldest bank
Post AMUGEApril 22, 2024
Business a.m. Adesola Adeduntan Adesola Kazeem Adeduntan left First Bank of Nigeria Limited, Nigeria’s oldest banking institution, which he led for nine years as managing director and chief executive officer. His retirement from his position followed an illustrious journey marked by exemplary leadership and innovative financial solutions to reposition the bank as an enviable financial […]
Alebiosu, banking veteran, replaces Adeduntan as First Bank MD/CEO
Post AMUGEApril 22, 2024
Olusegun Alebiosu, acting managing director/CEO, First Bank Nigeria Limited Onome Amuge First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting managing director with immediate effect, following the abrupt resignation of Adesola Adeduntan who had served as the managing director/CEO of the premier bank. The bank informed the Nigerian Exchange Limited and the […]
Climate Action Africa announces opening of applications for CAAF24 Deal Room
Post AMUGEApril 22, 2024
Business a.m. Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development, has announced the opening of applications for the Deal Room at the 2024 Climate Action Africa Forum (CAAF24). The Deal Room is a groundbreaking platform that aims to connect high-impact climate innovators in Africa with potential investors seeking to accelerate […]
Nigeria banks on low-interest $2.25bn World Bank loan to boost economic recovery
Post AMUGEApril 22, 2024
Business a.m. The Nigerian government has qualified for processing a loan from the World Bank, totalling $2.25 billion at a low interest rate of one per cent. Wale Edun, minister of finance and coordinating minister of the economy made the disclosure at a joint press conference conducted by the Ministry of Finance and the Central […]
Access Holdings’ shareholders endorse $1.5bn capital raising drive with unanimous backing
Post AMUGEApril 19, 2024
Applaud Aig-Imoukhuede’s homecoming as chairman to drive financial success Onome Amuge Access Holdings Plc shareholders turned out in full force at the company’s 2nd annual general meeting, showering the group with an overwhelming vote of confidence in its ambitious plans to raise up to $1.5 billion in capital. The shareholders not only backed the […]