FAAC disbursement to FG, subnationals down 1.5% to N1.578trn in March
Post AMUGE
April 16, 2025
Onome Amuge Nigeria’s Federation Accounts Allocation Committee (FAAC) disbursed a total of N1.578 trillion to the federal, state, and local governments in April, drawing from revenues generated in March 2025. The March allocation, roughly N25 billion lower than February’s payout, represents a 1.5 percent decline compared to the N$1.678 trillion allocated in the preceding month […]
Equities market up N19.1bn as inflation climbs in March
Post AMUGEApril 15, 2025
Onome Amuge The Nigerian stock market closed Tuesday with marginal gains, as the All-Share Index (ASI) edged up 0.03 per cent to settle at 104,529.62 points amidst the announcement of a hike in the country’s inflation levels for the month of March. The upward movement also boosted market capitalisation by 0.03 per cent to N65.7 […]
Global financial stability at risk from geopolitical tensions, IMF warns
Post AMUGEApril 15, 2025
Onome Amuge The recent global geopolitical tensions have the tendency to trigger declines in asset prices, strain financial institutions, and curtail lending to the private sector, ultimately dampening economic activity and jeopardising financial stability, the International Monetary Fund (IMF) has warned. The multilateral lender, in its latest Global Financial Stability Report, highlighted that events such […]
Hugely underbanked Nigeria dampens Tinubu’s credit lifeline
Post AMUGEApril 14, 2025
N180trn required for consumer credit economy – CREDICORP Onome Amuge President Bola Tinubu’s administration is set to launch the first phase of its Consumer Credit Scheme on April 21, a flagship programme aimed at extending credit facilities to working Nigerians and potentially unlocking greater economic participation. The government has lauded consumer credit as a vital […]
Trump’s tariffs dampen investors’ appetite as Nigerian bourse records biggest drop in 4 weeks
Post AMUGEApril 14, 2025
Bamidele Famoofo The trade war sparked by the United States President, Donald Trump, is taking its toll on investment in the Nigerian stock market as losses persist. While the 90-day pause on US tariffs offered some relief globally, it failed to spark a meaningful rally on the local bourse as the Nigerian equities market closed […]
Trump’s ‘Liberation Day’ tariffs spark global trade fallout
Post AMUGEApril 10, 2025
Onome Amuge President Donald Trump’s “Liberation Day” speech and the subsequent implementation of sweeping tariffs have ignited a firestorm of international condemnation, casting a shadow over global trade relations and sending shockwaves through financial markets. Despite the administration’s assertion of economic liberation for the US, the response from its trading partners has been one of […]
Trump’s tariff launch sends oil to 2-year low
Post AMUGEApril 9, 2025
Onome Amuge Oil prices tumbled for a fifth consecutive session on Wednesday, hitting their lowest level since February 2021, as President Donald Trump’s latest tariffs on Chinese goods took effect, escalating fears of a global trade war and its potential impact on economic growth and fuel demand. Brent futures for near-month delivery fell $2.10, or […]
Goldman Sachs flags risk of sub-$60 oil by end of 2025
Post AMUGEApril 8, 2025
Onome Amuge Goldman Sachs has issued a forecast predicting a downturn in global oil prices, with Brent crude, which currently hovers around $65 per barrel, expected to fall to $62 a barrel and West Texas Intermediate (WTI) to $58 by December 2025. The investment bank further anticipates these benchmarks will decline to $55 and $51, […]
Market bears persists on NGX as ASI tumbles 1.23%
Post AMUGEApril 7, 2025
Onome Amuge The Nigerian stock market commenced the trading week on a bearish note, as the All-Share Index (ASI) shed 1.23 percent, closing at 104,216.87 points. This decline trimmed the year-to-date return to 1.25 percent. Concurrently, market capitalisation contracted by 1.00 percent, settling at N65.49 trillion. This N458 billion erosion in equity value occurred on […]
Nigeria faces FX, economic risk as 14% US tariff disrupts trade ties
Post AMUGEApril 7, 2025
Tariffs could lead to a significant reduction in export revenues- Afreximbank Onome Amuge A new chapter in the unfolding saga of US trade policy was written on April 2, 2025, as President Donald Trump unveiled a 14 per cent tariff on all goods imported from Nigeria. This move, part of a broad protectionist strategy targeting […]