Agora policy highlights framework for Oronsaye report’s maximum impact
Post AMUGE
March 13, 2024
Onome Amuge As the Nigerian government gears up to implement the recommendations of the Oronsaye report, Agora Policy, a think tank based in Abuja, is cautioning against a haphazard approach that could do more harm than good. The think tank has called for a comprehensive audit of the human resources and assets of the agencies […]
Tinubu takes executive action on oil and gas reforms
Post AMUGEMarch 6, 2024
Business a.m President Bola Tinubu has approved three new directives for the oil and gas sector aimed at improving the industry’s efficiency and competitiveness. The directives include introducing fiscal incentives for related projects, reducing contracting costs and timelines, and promoting cost efficiency in local content requirements. The development was made known in a statement, titled […]
Edo Assembly serves impeachment notice on deputy gov., Shaibu
Post AMUGEMarch 6, 2024
Business a.m The Edo State House of Assembly has issued an impeachment notice to Philip Shaibu,the state’s deputy governor, on the charges of perjury and revealing confidential information about the state government. Charity Aiguobarueghian, the House Majority Leader, officially announced the impeachment notice during a plenary session of the House. He stated that the notice, […]
In push for credible census, CSO wants NPC boss removed
Post AMUGEMarch 5, 2024
Says Nigeria must organise credible census Census more important than elections Nation’s pronounced structural imbalances predicated on census numbers Ben Eguzozie Aware of the need to see Nigeria organise perhaps its first credible census, a civil society group, Africa’s Morning – Centre for Public Policy and Good Governance, says some of the country’s […]
Customs offers 90-day duty payment window for improperly imported vehicles
Post AMUGEMarch 5, 2024
Business a.m The Nigeria Customs Service (NCS) is offering a 90-day window for importers to pay duties and clear improperly imported vehicles. The Service’s management said this move is intended to enhance compliance and streamline import processes. Abdullahi Maiwada, the NCS’s national public relations officer, in a statement, stated that the opening of the 90-day […]
Alarm bells set off as CBN goes aggressive in monetary tightening
Post AMUGEMarch 5, 2024
ONOME AMUGE As the Central Bank of Nigeria’s (CBN) recent monetary policy announcements reverberate through the financial sector, a chorus of cautionary voices from economic pundits fills the air. Analysts and experts alike are assessing the implications of these policy decisions, weighing their potential impact on the economy. The monetary policy rate, […]
Tony Elumelu Foundation stars in Harvard Business School’s new case study
Post AMUGEMarch 1, 2024
Onome Amuge Amidst geopolitical uncertainty and shifting development finance landscapes, the Tony Elumelu Foundation (TEF) has forged a groundbreaking path for mentoring, resourcing, and networking young African entrepreneurs, earning recognition from the Harvard Business School. A recent case study from Harvard Business School recently explored the innovative and transformative work of the TEF in catalysing […]
NLC calls off nationwide protest, issues March 13 ultimatum to FG
Post AMUGEFebruary 28, 2024
Business a.m The Nigeria Labour Congress (NLC) has announced the suspension of its nationwide protest, citing the success of the first day of protests. The Congress has however extended its deadline to the federal government to March 13 to implement all its demands. NLC said that it had achieved almost all of its objectives for […]
CBN hikes MPR to record-high 22.75% amid rising inflation
Post AMUGEFebruary 27, 2024
Business a.m The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) for the ninth time in a row since May 2022, increasing it by 400 basis points to a record high of 22.75 per cent. In addition to the MPR hike, the CBN also raised the Cash Reserve Ratio (CRR) – […]
FAAC allocation rises 2.47% in January as federal govt,subnationals receive N1.149trn
Post AMUGEFebruary 23, 2024
Business a.m The Federation Account Allocation Committee (FAAC) released a total of N1,149.816 trillion among the 774 local governments, 36 state governments, and the federal government for January 2024,representing a 2.47 per cent increase from the N1,127.408 trillion distributed in December 2023. The February 2024 meeting of the Federation Accounts Allocation Committee (FAAC) was held […]