Nigerian consumers vent frustration over exorbitant DStv, GOtv price hikes
Post AMUGE
21 hrs
Joy Agwunobi Multichoice Nigeria Limited has triggered a whirlwind of reactions from its customer base with a recent announcement of yet another price hike for its DStv and GOtv services. The Pay-TV company recently reviewed prices in its packages across the board, noting that the new prices will take effect from May 1, 2024. With […]
IMF forecasts Africa’s population boom can fuel economic growth with investment in education
Post AMUGEApril 26, 2024
Business a.m. The International Monetary Fund (IMF) has expressed optimism that demographic transition presents a significant opportunity for the economies of sub-Saharan Africa. However, reaping the dividends of this transition hinges on adequate investments in education by the respective countries. The IMF, in its 2024 regional economic outlook, noted that the region’s population is poised […]
Africa strains under heavy debt load as AfDB president, Adesina laments $824bn debt, opaque resource loans
Post AMUGEApril 25, 2024
Business a.m. Africa’s immense economic potential is shackled by the shadows of non-transparent resource-backed loans, entangling debt resolutions and casting a pall over the trajectory of countries’ future growth, according to Akinwumi Adesina, president of the African Development Bank (AfDB). In a media conversation with journalist Yinka Adegoke at the Semafor Africa Summit on the […]
Gavi, global vaccine alliance, generated $220bn in economic benefits for countries in 23 yrs
Post AMUGEApril 24, 2024
Saves 6 lives every minute Malaria vaccine, latest product, reduces child mortality by 13% Calls on govts to invest in immunization; seeks more global partners, people to join call Launches ‘humanly possible’ campaign on humanity’s vaccines achievements Gavi, the global vaccine alliance, rendering a report on its activities since its establishment in 2000, says it […]
Airtel, major telecom provider, petitioned over corporate business negligence, lack of compassion
Post AMUGEApril 24, 2024
Company rebuffs efforts to care for victims Ben Eguzozie Airtel Networks Ltd, a major telecom service provider in Nigeria, has been petitioned by a human rights lawyer, Olubunmi Odeniyi over an explosion resulting in an inferno at one of its base transceiver stations (BTS) at Abaranje, Ikotun, in the outskirts of Lagos State, which […]
Cross River banks on fresh management team to boost economic development
Post AMUGEApril 24, 2024
Team to analyse workable model before proposing Ben Eguzozie Cross River, a state struggling to wriggle itself out of the worst-performing unemployment states list, has come with an economic management team (EMT) for the first time in more than 20 years. This is as Governor Bassey Out inaugurated a nine-member economic management team, which he […]
Nigeria’s hydrocarbon reserves come alive as NNPC Ltd, Newcross commence 12,000bpd from Awoba Unit Field
Post AMUGEApril 24, 2024
Business a.m. In a bid to fully maximise the value of Nigeria’s rich hydrocarbon assets and boost the nation’s coffers, NNPC Ltd and Newcross Exploration and Production Ltd have collaborated to revive the dormant Awoba field, a once-productive asset that had fallen victim to the effects of crude oil theft and evacuation issues. The strategic […]
Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset
Post AMUGEApril 23, 2024
ONOME AMUGE & JOY AGWUNOBI IN LAGOS, NIGERIA The first quarter of 2024 will be remembered as a turbulent period in Nigeria’s economic history, as the nation endured the wrath of inflationary turmoil. The headline inflation rate soared to 33.20 percent in March 2024, reaching its highest level since March 1996, a grim milestone that […]
Access Holdings chairman bullish about raising $300m new capital
Post AMUGEApril 23, 2024
Our shareholders have mind set on recapitalisation Has over 800,000 shareholders In 2024 Access Holdings is much older, wiser, stronger, larger Is significantly respected by the capital market PHILLIP ISAKPA IN STOCKPORT, UK Aigboje Aig-Imoukhuede, the newly elected chairman of Access Holdings Plc, who chaired his first meeting of shareholders over the weekend, is […]
ITTF work plan on climate change financing endorsed by members in US
Post AMUGEApril 22, 2024
PHILLIP ISAKPA, STOCKPORT, UK Set to push tax options at COP30 in 2025 $2.4trn funding gap exists Invites nations, experts, stakeholders to join effort Colombia joins as new member at meeting A two-year work plan for the International Tax Task Force to come up with measures to raise additional finance for equitable […]