Analyst picks hole in Tinubu’s tax czar’s revenue driven tax reforms
Post AMUGE
22 hrs
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 […]
Nigeria’s diaspora remittances soar to $533m in July as CBN reveals 130% growth
Post AMUGEAugust 20, 2024
Business a.m. The Central Bank of Nigeria (CBN) has announced a significant rise in diaspora remittances in July, with inflows hitting an all-time high of $553 million, the largest monthly total ever recorded. The remarkable achievement in remittance flows comes as the CBN continues to implement measures aimed at improving the liquidity of Nigeria’s foreign […]
Seychelles, Mauritius steal show as Nigeria’s economic weight fails to raise investment appeal
Post AMUGEAugust 13, 2024
ONOME AMUGE IN LAGOS, NIGERIA Nigeria’s economic prowess has been dealt a blow as the country missed out on a coveted position in the top five most attractive investment destinations in Africa. Meanwhile, small island nations like Seychelles and Mauritius have surged to the forefront of the continent’s investment scene, stealing the limelight from the […]
Nigeria misses top 5 cut in Africa’s investment attractiveness rankings
Post AMUGEAugust 6, 2024
Seychelles, Mauritius, Egypt, South Africa and Morocco earn top spots Onome Amuge Nigeria, despite its substantial economic might, has failed to secure a top-five spot among Africa’s most attractive investment destinations. In contrast, the small island nations of Seychelles and Mauritius have emerged as the first and second most attractive investment destinations on the continent, […]
CBN to pursue dovish interest rate hike in H2’24, say analysts
Post AMUGEJuly 16, 2024
ONOME AMUGE IN LAGOS Financial analysts at Cowry Asset have suggested that the Central Bank of Nigeria (CBN) is expected to implement a moderately dovish interest rate hike, ranging from 25 basis points to 75 basis points in the second half of 2024, against the consecutive hawkish rate hikes witnessed in the first half of […]
Capital market expert, Uwaleke sees profitable outlook for investors in Nigerian stocks in H2 2024
Post AMUGEJuly 9, 2024
Onome Amuge Uche Uwaleke, a professor of Capital Market at the Nasarawa State University, Keffi, has projected a golden opportunity for investors in the Nigerian stock market during the second half of 2024. However, he has cautioned investors to be wary of the possibility of a market downturn during this period, considering the market’s recent […]