Norrenberger strengthens Islamic finance portfolio with NGX debut
Post AMUGE
October 30, 2024
Onome Amuge Norrenberger Group, an integrated financial services firm, has successfully listed two of its flagship funds – the Norrenberger Islamic Fund (NIF) and the Norrenberger Turbo Fund (NTF) – on the Nigerian Exchange Limited (NGX). The listing of both funds are registered as Collective Investment Schemes (CIS) by the Securities and Exchange Commission (SEC). […]
Nigeria bleeds $3bn annually on imported ankara fabrics, Says minister
Post AMUGEOctober 21, 2024
Business a.m. Hannatu Musawa, the minister of Art, Culture, and Creative Economy in Nigeria, has disclosed that the country is losing approximately $3 billion annually due to the importation of Ankara fabrics. Although the colorful, wax-printed textile is popular in West and Central Africa, almost 90 percent of it is produced outside the continent, the […]
AFEX positions ETCs as innovative opportunity for commodities market
Post AMUGEOctober 5, 2024
Onome Amuge In the lead-up to the 2024 local harvest season, AFEX, Africa’s leading commodities player, has reinforced its belief in the significant role of innovative structured trade finance solutions, particularly exchange-traded commodities (ETCs), in fueling investments in the agriculture sector. According to AFEX, these commodity-based instruments will serve as pivotal drivers for promoting growth […]
Coca-Cola looks to inject $1bn into Nigerian economy over 5 years
Post AMUGESeptember 20, 2024
Business a.m. Coca-Cola Nigeria Limited and its authorised bottler, Nigeria Bottling Company (NBC), collectively known as the Coca-Cola System in Nigeria, have declared their intention to ramp up investments in the country over the next five years. The System plans to increase investments in Nigeria to the tune of $1 billion, provided that a stable […]
Nigeria eyes $1.5bn revenue boost from Halal economy by 2027
Post AMUGESeptember 19, 2024
Business a.m. Nigeria is looking to tap into the lucrative Halal economy in an effort to boost the nation’s GDP by $1.5 billion by 2027. Vice President Kashim Shettima announced the country’s intention to leverage the opportunities presented by the Halal market at the Nigeria Halal Economy Stakeholders engagement programme held in Abuja, recently. The […]
Analyst picks hole in Tinubu’s tax czar’s revenue driven tax reforms
Post AMUGESeptember 10, 2024
Tax reforms necessary to optimise revenue collection Ensure the wealthy and corporations pay their fair share. But a tax revolution is not the solution. Phillip Isakpa Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms set up by President Bola Ahmed Tinubu, is increasingly being seen by analysts as oscillating […]
Elumelu charts shared prosperity mantra as Heirs Holdings pivots expansive market listings
Post AMUGESeptember 2, 2024
Onome Amuge Tony Elumelu, the founder and chairman of Heirs Holdings, has unveiled an audacious roadmap to broaden the company’s reach and democratise prosperity across Africa. The plan, which aims to expand Heirs Holdings’ presence on the Nigerian Exchange and potentially other African markets, reflects the company’s commitment to foster economic growth and prosperity on […]
Experts advocate urgent investments to bridge $1.7trn gap for women entrepreneurs
Post AMUGEAugust 28, 2024
Onome Amuge Financial experts have identified limited access to financial and nonfinancial services as a major impediment for women entrepreneurs, impacting their potential for economic growth and success. This is as a recent global study revealed the enormity of the problem, with the SME finance gap for female entrepreneurs in developing countries amounting to $1.7 […]
Nigeria requires N18trn to restore junkyard of abandoned buildings
Post AMUGEAugust 27, 2024
But RoI could boost GDP by $200bn annually ONOME AMUGE IN LAGOS, NIGERIA In a sad reality, Nigeria’s cities and towns are plagued by abandoned construction sites, with different abandoned projects, including houses, schools, churches, offices, malls, among various other buildings, collectively worth billions of naira, littering various parts of the country. Surveys show these […]
Nigeria’s fiscal deficit climbs higher to N824bn, says CBN
Post AMUGEAugust 26, 2024
Steep drop in consumer credit by 54% to N3.8trn Business a.m. reporter The Nigerian government’s fiscal deficit continued its upward trend in April 2024, with the Central Bank of Nigeria’s (CBN) latest economic report disclosing a 0.1 percent increase to N824.79 billion, compared to the N823.91 billion recorded in the previous month of March. A […]