FDI boost of $50bn key to achieving 5% inflation in Nigeria in 2025, says economist
Post AMUGE
December 30, 2024
Onome Amuge Investing beyond borders is a core pillar of foreign direct investment (FDI), which involves buying a controlling stake in assets such as businesses, real estate, or productive resources in a foreign country, granting the investor direct influence over these assets. In Nigeria, FDI has proven to be a vital source of capital importation, […]
NIPC targets tech, sustainability to boost Nigeria’s investment appeal
Post AMUGEDecember 17, 2024
Joy Agwunobi The Nigerian Investment Promotion Commission (NIPC) has reiterated its dedication to fostering Nigeria’s economic growth by retaining existing investments and attracting new ones through targeted collaborations and strategic initiatives. The Commission announced plans to prioritise the promotion of fintech, agri-tech, and renewable energy as part of its broader strategy to position Nigeria as […]
NPA, Nigerdock seal $1bn deal for Snake Island Port development
Post AMUGEDecember 10, 2024
Onome Amuge Nigerdock, in collaboration with the Nigerian Ports Authority (NPA), has sealed a landmark agreement to develop a $1 billion green port facility on Snake Island, setting the stage for a new era of environmentally conscious port development across the country. The new facility, which will occupy 85 hectares of land within the Snake […]
Experts identify women’s inclusion key to expanding financial markets
Post AMUGENovember 21, 2024
Onome Amuge L-R: Jameelah Sharrieff-Ayedun, chief executive officer, Credit Registry; Inez Murray, chief executive officer, Financial Alliance for Women; Tosin Eniolorunda, founder /CEO, Moniepoint Inc; Bonaventure Okhaimo, chief operating officer, Development Bank of Nigeria; Emem Usoro, deputy governor, Operations, Central Bank of Nigeria (CBN); Nkiru Balonwu, founder, Africa Soft Power Group & advisor to the […]
Invest Africa, Premier Invest forge alliance to boost African growth
Post AMUGENovember 13, 2024
Joy Agwunobi Invest Africa, a leading platform for pan-African business initiatives, has entered into a strategic partnership with Premier Invest , global investment conglomerate, aimed at mobilising transformative investment across Africa. Through this alliance, the two organisations are focused on driving impactful investments across the continent, with an eye toward supporting sustainable growth, innovation, and […]
Norrenberger strengthens Islamic finance portfolio with NGX debut
Post AMUGEOctober 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 […]