Aig-Imoukhuede Foundation moves closer in drive to empower 3000 PSLs
Post AMUGE
March 25, 2024
3rd cohort of PLP turn out 68 participants Business a.m. A commitment by the Aig-Imoukhuede Foundation, a not-for-profit organisation dedicated to developing leaders in Africa, to empower 3000 public sector leaders (PSLs) has moved a notch further with the successful completion of its 2023 Public Leaders Programme (PLP) class. The ceremony, held in Abuja, Nigeria, […]
States in N1.7trn debt to FG for budget support loans
Post AMUGEMarch 22, 2024
Business a.m. The finances of Nigeria’s 36 states and the Federal Capital Territory are in a precarious state, as they collectively owe the federal government N1.72 trillion in budget support facilities. The worrisome figures were revealed in a statement by Stanley Nkwocha, senior special assistant to the vice president on media and communications, titled “NEC […]
Tony Elumelu Foundation set to reveal new cohort of young African entrepreneurs
Post AMUGEMarch 21, 2024
Business a.m The Tony Elumelu Foundation (TEF) is set to change the lives of 1,200 African entrepreneurs across 54 countries, with the announcement of the 10th cohort of its life-changing TEF Entrepreneurship Programme on March 22, 2024. The 10th cohort of the Programme, an initiative of the leading African philanthropy empowering African entrepreneurs, is a […]
CBN Unlocks $7 Billion Stuck in Foreign Exchange Transactions
Post AMUGEMarch 21, 2024
Business a.m. The Central Bank of Nigeria (CBN) has announced that it has fulfilled its promise to process the backlog of $7 billion in foreign exchange claims inherited from the previous administration Hakama Sidi Ali, the acting director of corporate communications at the CBN, made the disclosure in a statement seen by Business a.m. Ali […]
Forex Trader Insights: Noteworthy Strategies to Embrace
Businessam StaffMarch 20, 2024
Ever been curious about what marks the difference between an average and a successful forex trader? While there’s no blanket strategy that guarantees success, several methods and insights stand out for pushing traders ahead in the competitive currency trading landscape. Exploring the experiences and tactics of seasoned traders reveals essential strategies vital for honing one’s […]
Moove powers up with $100m in new financing to expand tech-driven mobility services
Post AMUGEMarch 20, 2024
Joy Agwunobi African mobility fintech start-up, Moove is hitting the accelerator with a $100 million funding round. This fresh injection of capital will help Moove expand into new markets and develop innovative new products for the growing ride-hailing and delivery app sector. With its mission of providing “mobility for all” in Africa, Moove is leveraging […]
Petroleum subsidy reform fuels 23.5% increase in FAAC allocation to N10.14trn
Post AMUGEMarch 20, 2024
Business a.m. The repeal of the petroleum subsidy gave rise to a striking upsurge in the revenue allocation from the federation account, resulting in N10.14 trillion being shared by the federal, state and local governments in 2023, a N1.93 trillion increase (23.56%) when compared to N8.209 trillion recorded in 2022. The removal of petrol subsidies […]
Adaora Umeoji breaks glass ceiling with appointment as Zenith Bank’s first female CEO
Post AMUGEMarch 19, 2024
Business a.m Zenith Bank Plc, a leading Nigerian financial institution, has named Adaora Umeoji as its new group managing director and chief executive officer, effective June 1, 2024, subject to regulatory approval from the Central Bank of Nigeria (CBN). The appointment represents a historic milestone for the bank, as Umeoji will become the first female […]
17 Nigerian banks in doubt of meeting CBN’s proposed capital requirements
Post AMUGEMarch 19, 2024
Onome Amuge A new report by multinational professional services partnership Ernst and Young (EY), has drawn attention to the fact that as many as 17 of Nigeria’s 24 deposit money banks (DMBs) may not be able to meet the capital requirements proposed by the Central Bank of Nigeria (CBN). The report, which is […]
Chegg.org global student prize recipient, Deng encourages Nigerian students to apply in 2024
Post AMUGEMarch 18, 2024
Cynthia Ezekwe Nhial Deng, the 25-year-old 2023 winner of the prestigious Chegg.org Global Student Prize, and founder of Tamasha Tech, is encouraging Nigerian students to apply for the 2024 Chegg.org Global Student Prize. Deng, once a Sudanese refugee, is an inspiration to many and has dedicated his life to helping refugees through his nonprofit organisation. […]