Spain dominates as key destination for Nigerian exports in Q3
Post AMUGE
December 5, 2023
Business a.m Spain has emerged as the leading destination for Nigerian exports, accounting for 12.31 per cent of total exports valued at N1.27 trillion, according to the foreign trade in goods statistics in the third quarter of 2023. The report published by the National Bureau of Statistics (NBS) also showed that India was the second-largest […]
COP 28:NNPC chief, Kyari advocates just energy transition for Africa
Post AMUGEDecember 5, 2023
Business a.m Mele Kyari, NNPC Ltd.’s group chief executive officer (GCEO), has highlighted the importance of a fair and differentiated transition for Africa towards a decarbonized future, noting that it is crucial to harness the continent’s resources for its current needs, while safeguarding the interests of future generations. The GCEO of NNPC Ltd. […]
COP28 sets goal to boost clean energy, phase out fossil fuels
Post AMUGEDecember 4, 2023
ONOME AMUGE A raft of initiatives are emerging and getting launched at the ongoing U.N. climate summit, COP28, in Dubai aimed at boosting clean energy and reducing the world’s dependence on fossil fuels, details rolling out of the event show. One of the most widely supported initiatives is expected to lead to a cut […]
Nigeria’s tech ecosystem absent in $117.8bn global HPC market
Post AMUGEDecember 4, 2023
EMs, dev’g countries among top growth drivers 2018-2021 Morocco tops African countries fast deploying the infrastructure BEN EGUZOZIE Nigeria’s tech ecosystem with its high level Africa topping smartphone user penetration is remarkably falling short in the global deployment of high performance computing (HPC) infrastructure, whose market worth will hit $117.8 billion by 2032, according […]
Global, African organisations pledge $175m in solidarity for Africa green infrastructure
Post AMUGEDecember 4, 2023
Joy Agwunobi In a powerful show of support at COP28, a coalition of African and global institutions, as well as the governments of Germany, France and Japan and philanthropies, have committed more than $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The commitment to the AGIA was made by a […]
UBA wins FT’s The Banker’s Africa top award, best bank in 8 countries
Post AMUGEDecember 4, 2023
Bank of the Year Africa 2023 Best bank in Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, Tanzania By Business a.m. Reporter Nigeria headquartered multinational financial institution, United Bank for Africa (UBA) Plc, justified its famous tag, Africa’s global bank, in London, United Kingdom, when it won this year’s ‘Bank of […]
Global turbulence clouds AfDB’s outlook on Africa
Post AMUGEDecember 4, 2023
Revises economic forecast to 3.4% in 2023 Onome Amuge The African Development Bank (AfDB) has revised its short- to medium-term macroeconomic forecast for Africa for the years 2023 and 2024 downward to 3.4 percent and 3.8 percent, respectively, from the earlier estimates of 4.0 percent and 4.3 percent. The revised forecasts take […]
Report shows Nigeria’s 7% growth potential, road to top 20 economies
Onome AmugeDecember 4, 2023
Singapore NTU-Centre outlines 10-year growth roadmap Onome Amuge A new report by the NTU-SBF Centre for African Studies, has shown that Nigeria has the potential to achieve not only economic growth, but also seven percent gross domestic product (GDP) growth and become one of the top 20 economies in the world. The report outlines a […]
Earth set for record-breaking heat in 2023, says UN
Onome AmugeNovember 30, 2023
Onome Amuge In its latest report on the state of the climate, the United Nations has warned that this year is set to break a number of records for global temperatures and become the hottest ever recorded. This alarming news comes as scientists have repeatedly warned of the devastating effects of climate change, including rising […]
Oil prices rise ahead of key OPEC+ meeting on potential supply cuts
Business a.m.November 30, 2023
Business a.m Oil prices rose on Thursday as investors prepared for the OPEC+ meeting, which could result in further supply cuts. The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are expected to discuss reducing production further to support prices. Brent crude futures for January delivery were up 65 cents, or […]