Nigeria on the brink, needs capable leader to pull it back, says NAMO
Businessam Staff
October 2, 2022
Drums support for Labour Party’s Peter Obi As Nigerians get set to go to the polls in February 2023 to elect a new president, a nascent pro-development and democracy group has said that the country is in dire need of a unifier, a leader with capacity, strength of character to guide it away […]
NNPCL moves to boost cooking gas access, to raise supply by 194%
Innocent Obasi & Habeeb AdamuSeptember 30, 2022
By Innocent Obasi & Habeeb Adamu …targets 740 distribution centres in 3yrs, 20m cylinders in 5yrs The Nigerian National Petroleum Company Limited (NNPCL) is targeting to increase its supply of liquefied petroleum gas (LPG), commonly known as cooking gas, in the country by 194 percent to 5 million metric tonnes, from 1.7mmt it supplied in 2021. To achieve this, the firm is looking to leverage India’s successful LPG models and advancements in the last 10 years. […]
Abuja-Kaduna rail shutdown costs NRC N531m in revenue losses
Mike OchonmaSeptember 29, 2022
By Mike Ochonma The Nigerian Railway Corporation (NRC), which manages train services across the country says inactivity on its Abuja-Kaduna route between March and August led to losses of N531 million in revenues. Fidget Okhiria, managing director of the corporation explained that lack of diesel to power trains also contributed to the reduction in […]
Nigeria pushes for solution to agro-exports rejection in global market
Onome AmugeSeptember 28, 2022
Nigeria’s food production potential has never been in doubt given that the country is considered as having the seventh most arable land in the world with an estimated 34 million arable hectares, according to a 2020 data presented by the United Nations Food and Agriculture Organisation (FAO). Though the country has over the years generated […]
EU advisory group begins work on addressing financial deficit in partner countries
Onome AmugeSeptember 27, 2022
…Nigeria’s Kenneth Amaeshi, Uche Orji in The High-Level Expert Group (HLEG) on scaling up sustainable finance in low and middle-income countries met for the first time on Tuesday, 27 September, in Brussels, the capital city of Belgium, to address the challenges and opportunities of sustainable finance in partner countries. Kenneth Amaeshi, professor of Business and Sustainable Development at […]
In Imo, our focus is on employment-led industrial policy, says Amaeshi
Dikachi Elemba, Godfrey OfurumSeptember 27, 2022
Kenneth Amaeshi is a Professor of Business and Sustainable Development at the University of Edinburgh, Scotland. He is currently on leave of absence at the European University Institute in Florence, Italy, where he is a Professor of Sustainable Finance and Governance. He is also a Visiting Professor at the London School of Economics on Leadership […]
Amid ASUU-FG logjam: Experts open capital market solutions for university funding
Onome AmugeSeptember 26, 2022
Bonds, blue chip shares, commercial papers Over-dependence on govt funding causing constant friction Nigerian public universities’ over-reliance on government direct funding has been the major cause of constant disagreements between the university staff unions and the federal government, which has come to see university funding as a millstone around its neck. These […]
Nigeria names Ethiopian Airlines winner of 49% stake in new national carrier
Sade WilliamsSeptember 24, 2022
By Sade Williams/Business a.m. Nigeria Air to launch with three aircraft Government to own only 5% MRS, SAHCO, Nigerian Sovereign Wealth Fund own 46% Nigeria on Friday named Africa’s top airline, Ethiopian Airlines, as bid winner for 49 percent equity ownership of its planned new national carrier, Nigeria Air. It makes the […]
Analysts see hope for eNaira despite slow adoption
Olivia NnoromSeptember 23, 2022
By Olivia Nnorom Nigeria’s digital currency, the eNaira, has yet to gain the envisaged traction nearly a year after it was launched, with volume and value of transactions on the platform reaching above 200,000 and N4 billion, respectively, as at August. When it was launched in October 2021 as a Central Bank of Nigeria-issued digital […]
Nigeria’s rising debt signals ailing economy, says analyst
CHUKS OLUIGBOSeptember 22, 2022
By Chuks Oluigbo …urges Buhari govt to curb borrowing, begin to wind down Amid Nigeria’s ballooning debt stock, the government of President Muhammadu Buhari has been advised to curb borrowing and rather focus on putting its house in order in preparation for handover to a new administration come May 2023. Marcel Okeke, a […]