Nigerian consumers vent frustration over exorbitant DStv, GOtv price hikes
Post AMUGE
22 hrs
Joy Agwunobi Multichoice Nigeria Limited has triggered a whirlwind of reactions from its customer base with a recent announcement of yet another price hike for its DStv and GOtv services. The Pay-TV company recently reviewed prices in its packages across the board, noting that the new prices will take effect from May 1, 2024. With […]
Spiro, Africa’s largest EV player enters Nigeria, continent’s biggest economy
Post AMUGEApril 24, 2024
Business a.m. Reporter With more than 13,000 electric motorbikes already deployed, Spiro, Africa’s largest electric vehicle has made a landmark expansion into Nigeria, marking a pivotal period in the electric mobility landscape of Africa’s largest economy. The expansion will see Spiro in up to eight of Nigeria’s major towns, beginning with Abeokuta (in Ogun State), […]
Afreximbank claims dominance in ESG Capital Markets Awards
Post AMUGEApril 24, 2024
Business a.m. The African Export-Import Bank (Afreximbank), the shining star of Africa’s financial stage, dominated the recent Bonds, Loans and ESG Capital Markets Africa Awards 2024, clinching six accolades at the event held in South Africa. The highly coveted awards, presented on the sidelines of the conference on March 6, recognised Afreximbank’s exceptional performance in […]
ASR AFRICA funds UNIJOS NUGA goal with N250m sports complex
Post AMUGEApril 24, 2024
Business a.m. The Abdul Samad Rabiu Africa Initiative (ASR Africa), the charitable arm of Abdul Samad Rabiu, chairman of BUA Group, has taken a major stride towards advancing the sporting infrastructure of the University of Jos as it commences the construction of a N250 million sports complex. The University of Jos’ Naraguta Campus is set […]
Nigeria’s hydrocarbon reserves come alive as NNPC Ltd, Newcross commence 12,000bpd from Awoba Unit Field
Post AMUGEApril 24, 2024
Business a.m. In a bid to fully maximise the value of Nigeria’s rich hydrocarbon assets and boost the nation’s coffers, NNPC Ltd and Newcross Exploration and Production Ltd have collaborated to revive the dormant Awoba field, a once-productive asset that had fallen victim to the effects of crude oil theft and evacuation issues. The strategic […]
Transcorp Power lights up with N67.86 billion in Q1 2024 gross revenue
Post AMUGEApril 23, 2024
Onome Amuge Transcorp Power Plc has showcased its financial strength with an impressive first quarter (Q1) performance in 2024, as reflected in its recently released unaudited financial statements on the Nigerian Exchange. This is as the company’s gross earnings soared to N67.86 billion in Q1 2024, marking a significant 223 per cent increase over […]
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 […]
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 […]