Cross River banks on fresh management team to boost economic development
Post AMUGE
April 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 […]
Political economist Kila welcomes AGF’s intervention in Yahaya Bello’s EFCC case
Post AMUGEApril 19, 2024
Business a.m. The intervention of Lateef Fagbemi, Nigeria’s attorney general (AGF) and minister of justice, in the ongoing saga between immediate past governor of Kogi State, Yahaya Bello, and the Economic and Financial Crimes Commission (EFCC) has received a resounding welcome from Anthony Kila, a renowned professor of political economy and director, Commonwealth Institute of […]
Nigeria’s mounting inflation woes hits new peak at 33.2% in March 2024
Post AMUGEApril 15, 2024
Business a.m. The National Bureau of Statistics (NBS) has released the latest inflation data for Nigeria, which revealed a marked increase in the headline inflation rate from 31.70 per cent in February 2024 to 33.20 per cent in March 2024, marking a rise of 1.50 percentage points in a single month. According to the National […]
FG settles N4.83trn ways & means advances to CBN using T-Bills,bonds
Post AMUGEApril 10, 2024
The federal government has earmarked a total of N4.83 trillion out of the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle part of the N7.9 trillion Ways and Means advances received from the Central Bank of Nigeria (CBN), which is approximately N3.07 trillion short of the outstanding advances as of […]
CBN jerks up benchmark interest rate to record-high 24.75% to tame inflation
Post AMUGEMarch 26, 2024
Business a.m The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has raised the benchmark interest rate by 200 basis points to a record high 24.75 per cent, in what is considered one of its most aggressive actions to tame inflation which has been spiraling out of control in recent months. Olayemi Cardoso, […]
Climate Action Africa takes the lead on sustainability with CAAF24
Post AMUGEMarch 26, 2024
Onome Amuge Climate Action Africa (CAA) has announced the launch of the Climate Action Africa Forum (CAAF24), a new international platform that will convene thought leaders from around the world to share insights on how to encourage collaboration, catalyse solutions, and encourage governments, businesses, and individuals to invest in climate-friendly initiatives. The announcement for the […]
Nigeria’s public debt in race to N100trn by June, warn analysts
Post AMUGEMarch 25, 2024
Debt builds up on unabating borrowings ONOME AMUGE IN LAGOS, NIGERIA With grim statistics showing unabating borrowings by the President Bola Tinubu-led federal government, a carryover from its predecessor government led by Muhammadu Buhari, the lines appear to be straightening into one as analysts now project that Nigeria is heading steadily to a public […]
NDFF 2024 conference to explore sustainable solutions for Nigeria’s economic,social welfare
Post AMUGEMarch 20, 2024
Ali Pate to deliver keynote address on transforming Nigeria’s population health Joy Agwunobi In a move to catalyse economic growth and drive positive social change, the Nigeria Development and Finance Forum (NDFF) is set to convene a two-day conference to be held on May 8th and 9th, 2024 at the Transcorp Hilton […]
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 […]
Nigeria inflation rate reaches new peak at 31.70% in February – NBS
Post AMUGEMarch 15, 2024
Business a.m. Nigeria experienced an unprecedented spike in inflation, with a new all-time high of 31.70 per cent recorded in February 2024, an indication that prices of goods and services in Nigeria have increased significantly over the past year, placing further strain on consumers,according to the National Bureau of Statistics (NBS). The NBS in its […]