Climate Action Africa advocates multi-sector alliance to address Nigeria’s climate crisis
Post AMUGE
April 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 […]
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 […]