Analysts cautious as N190bn SDR charges, debts tug finances despite $3.4bn IMF repayment
Post AMUGE
May 12, 2025
The big picture is still not a good or desired position- University Don Exposures to foreign debt must be reduced- CPPE Onome Amuge Nigeria has officially cleared the $3.4 billion financial lifeline it received from the International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI) during the peak of the COVID-19 pandemic. This follows […]
Access Bank: Exploring the risky frontiers for greater heights
Post AMUGEMay 12, 2025
Bamidele Famoofo Roosevelt Ogbonna, managing director and chief executive officer, Access Bank Limited Just like the JP Morgans of this world, the philosophy of Access Bank Limited, the heartbeat of Access Holdings Plc, one of Nigeria’s leading financial groups, is that there is no gain without risk. The Bank which boasts of the largest assets […]
Towards building a trillion dollar economy
Post AMUGEMay 12, 2025
Bamidele Famoofo Leading financial journalists under the umbrella of Finance Correspondents Association of Nigeria, Business Editors, the academia and key players in the Nigerian banking industry as well as financial sector regulators, in April 2025, converged on the capital city of Nigeria, Abuja, for a singular purpose-it was how Nigeria can achieve a $1trillion economy […]
Fidelity Bank’s Q1 profit soars 167.8% to N105.8bn on asset growth
Post AMUGEMay 12, 2025
Onome Amuge Fidelity Bank has reported a strong start to 2025, with pre-tax profit rising 167.8 per cent to N105.8 billion in the first quarter from N39.5 billion in the same period last year, fuelled by an expansion of the bank’s earning asset base. Unaudited financial statements submitted by the Tier-1 lender to the Nigerian […]
Africa holds $80bn football investment opportunity – new industry report
Post AMUGEMay 8, 2025
African football no longer a developing market story—it’s an investment-grade opportunity – Domínguez, WFS content director Ben Eguzozie African football holds staggering commercial investment opportunities worth $80 billion, according to a comprehensive report released by World Football Summit (WFS), the premier global event for the football industry. The report, developed in collaboration with #AfricaScores intelligence […]
Brithomes, London Square bring prime UK property to Lagos market
Post AMUGEMay 8, 2025
Lagos, Nigeria’s commercial hub, recently played host to an exclusive property acquisition event, fuelling the growing appetite of Nigerian investors for opportunities in international real estate markets. This is as UK-based property consultancy Brithomes UK in partnership with UK-based property developer London Square part of the Aldar Group and Nigerian investors seeking properties in London […]
Nigeria’s forex inflows dip as global uncertainty bites
Post AMUGEMay 7, 2025
Onome Amuge Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) slowed in April, reflecting the dampening effect of ongoing global trade tensions and broader economic uncertainties on foreign investor appetite, according to data from FMDQ. Total forex inflows declined by 5.7 per cent month-on-month to $3.67 billion, down from $3.90 billion in March. […]
Financial community honours Pascal Dozie’s legacy at NGX tribute
Post AMUGEMay 7, 2025
Onome Amuge Leading figures from Nigerian finance industry recently convened at the Nigerian Exchange Group House to celebrate the life and impact of the late Pascal G. Dozie, former president of the council of the Nigerian Stock Exchange (NSE). The Afternoon of Tributes and Special Closing Gong Ceremony, organised by NGX Group, paid homage to […]
Bank earnings cool as top lenders post N1.56trn PBT in Q1 2025
Post AMUGEMay 5, 2025
High interest rate drives earnings growth Aggregate PBT shrinks 0.64% year-on-year Onome Amuge Nigeria’s banking sector delivered a seemingly strong performance in the first quarter of 2025, marked by significant increases in interest income for several lenders and currency-driven gains for a select few. However, beneath the headline figures, there are indications the period of […]
There Is Possible, Then There Is More: A quick look at the new Stanbic IBTC Bank campaign
Post AMUGEMay 2, 2025
Bamidele Famoofo In the ever-evolving world of business, inspiration can strike anywhere – digital billboard, a social media feed, or even during a casual stroll past a bustling marketplace. Recently, a bold Open Letter to all CEOs by Stanbic IBTC Bank captured widespread attention, sparking curiosity about its underlying message. It made many pause and […]