Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset
Post AMUGE
April 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 […]
Africa’s infrastructure investment landscape set to evolve at AVCA’s annual summit in Johannesburg
Post AMUGEApril 18, 2024
Business a.m. The African Private Capital Association (AVCA), in partnership with industry leaders, will host the 20th Annual AVCA Conference & VC Summit in Johannesburg from April 22 to 26. The highly anticipated gathering is expected to bring together key players in Africa’s private capital landscape, including development finance institutions, institutional investors, private investors, policymakers, […]
Climate tax task force meets in US to close $2.4trn funding gap
Post AMUGEApril 15, 2024
Developing, vulnerable countries annual need To meet climate targets, Paris commitments France, Barbados, Kenya co-chair of ITTF PHILLIP ISAKPA IN STOCKPORT, UK The world will begin an attempt at moving the needle in the quest to close the huge estimated $2.4 trillion annual funding gap that developing and vulnerable countries require to meet their […]
Climate Action Africa advocates multi-sector alliance to address Nigeria’s climate crisis
Post AMUGEApril 12, 2024
Business a.m. Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development in Nigeria, has called for a more impactful and inclusive approach to tackling the country’s pressing climate challenges. The call for action was made during a media briefing hosted in Lagos, where CAA shed light on the pressing issues of […]
EnterpriseNG empowers over 100 new graduates through YOE programme
Post AMUGEApril 5, 2024
Joy Agwunobi The EnterpriseNGR Youth of Enterprise (YOE) Internship Programme, an initiative designed to tackle youth unemployment and underemployment in Nigeria, recently marked a major milestone with the graduation of its second cohort of interns. Under the theme “Paving the Way for Career Success,” the YOE graduation ceremony brought together leading employers in the […]
NNPC chief talks up exchange listing in commercialisation push
Post AMUGEMarch 25, 2024
Joy Agwunobi The Nigerian National Petroleum Company Limited (NNPC) is on the cusp of a major transformation, with a plan to list itself on the Nigerian Exchange, paving the way for a new era of transparency and accountability, as the company becomes subject to the public scrutiny that comes with being a publicly listed entity. […]
Nigeria offers lucrative lithium industry for Qatari investment
Post AMUGEMarch 5, 2024
Business a.m The Nigerian government has invited Qatari investors to explore the country’s lithium potential, as shown by comprehensive data on its reserves available at the Nigerian Geological Survey Agency. Dele Alake, Nigeria’s minister of solid minerals development, made the offer in Doha, Qatar, while meeting with Qatari businessmen on the sidelines of President Bola […]
On our way to better savings?
CORONATION A.M.November 14, 2023
ANALYST INSIGHT: CORONATION A.M. Reform is on the agenda again, and this time it affects Naira interest rates. As we detailed the penultimate week, Finance Minister Wale Edun announced (on 23 October) the imminent arrival of $10.0bn to shore up the nation’s foreign exchange reserves and its foreign exchange market. On the same day CBN […]