Dollar boost and Nigeria’s Eurobond, T-bill, FGN bond, equity markets
CORONATION A.M.
November 6, 2023
ANALYST INSIGHT: CORONATION A.M. Penultimate week it was reported that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had announced an expected inflow of $10.0 billion to Nigeria in a matter of weeks. A news story later in the week reported that a loan of some $7.0 billion was being prepared […]
Foreign investors retreat from Nigeria as investment falls 31.9% to N108.9bn
Onome AmugeNovember 6, 2023
Onome Amuge Foreign Portfolio Investment (FPI) inflow into the stock market has continued to decline due to challenges related to the release of foreign dividends and profits caused by the scarcity of foreign exchange. According to the Nigerian Exchange Limited (NGX) report on Domestic and Foreign Portfolio Participation in Equity for September 2023, […]
CBN’s forex access to 43 items sees analysts weigh in
Onome AmugeOctober 16, 2023
…denied access to I&E Window for Forex Onome Amuge The decision by the Central Bank of Nigeria to grant forex access to enable importation of 43 items eight years after restriction, has been praised by some finance and economic analysts, as well as international organizations like the International Monetary Fund (IMF), who believe that it […]
EnterpriseNGR urges Public-Private Partnerships to make Nigeria Africa’s top financial hub
Business a.m.October 5, 2023
EnterpriseNGR, a member-led, not-for-profit professional advocacy group representing Nigeria’s Financial and Professional Services (FPS) Sector, has emphasised the significance of public-private partnerships in realising the organisation’s objectives of positioning Nigeria as Africa’s premier financial hub. Aigboje Aig-Imoukhuede, chairman of EnterpriseNGR’s board of directors,underscored the benefits of public-private partnerships during the organisation’s Quarterly Members’ Night dinner, […]
AfDB’s Adesina pitches Africa’s $1trn agriculture potential to Korean investors
Onome AmugeSeptember 18, 2023
By Onome Amuge. Akinwumi Adesina ,president of the African Development Bank (AfDB) has called on Korean investors to seize untapped investment opportunities in the continent, especially in the agriculture sector expected to grow to $1 trillion by 2030. Adesina made the call at a business forum during the just concluded 7th Korea-Africa Economic Cooperation Ministerial […]
ABCON opts for merger over Cynthia Ezekwe recapitalisation of each BDCs
Isaac JayeolaSeptember 18, 2023
By Onome Amuge. The Association of Bureaux De Change Operators of Nigeria (ABCON) is seeking the merger of Bureaux De Change (BDC) operators rather than recapitalisation of the industry, to effectively help its corporate governance and rules of engagements with the apex bank. According to ABCON, the merger option was adopted for class ‘A’ BDCs […]
Policymakers advocate innovative mechanisms to address Africa’s $300bn climate adaptation shortfall
Cynthia EzekweSeptember 18, 2023
By Cynthia Ezekwe. With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials have called for the implementation of innovative mechanisms to unlock finances for climate adaptation. Policymakers made the call at a high-level event on the sidelines of the Africa Climate Summit held recently in Nairobi The event was co-hosted […]
Tony Elumelu woos Indian investors on investment opportunities in Nigeria
Business a.m.September 8, 2023
Tony Elumelu Tells Indian Investors: “This is the Best Time to Invest in Nigeria” Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by President Bola Ahmed Tinubu. Tony O. Elumelu, Heirs Holdings Group chairman, has urged the Indian private sector to […]
FXTM Academy offers free training to tackle financial, economic turbulence
Isaac JayeolaAugust 21, 2023
Individuals to upskill for resilient future Individuals and small business owners are being offered free opportunities for financial training that would enable them tackle current domestic and global financial and economic turbulence. The training opportunities are being made available by FXTM Academy which is opening its arms to individuals and small business owners who are […]
Analysts question lack of institutional reforms in Tinubu’s policy approach
Onome AmugeAugust 15, 2023
By Onome Amuge. Economic experts have stated the importance of institutional reforms , clarity and transparency to address the longstanding exchange rate volatility, intensified inflationary pressure,among other economic challenges that have weighed upon investment opportunities in Africa’s largest economy. The President Bola Tinubu administration has in the last two months introduced economic reforms, […]