Seychelles, Mauritius steal show as Nigeria’s economic weight fails to raise investment appeal
Post AMUGE
August 13, 2024
ONOME AMUGE IN LAGOS, NIGERIA Nigeria’s economic prowess has been dealt a blow as the country missed out on a coveted position in the top five most attractive investment destinations in Africa. Meanwhile, small island nations like Seychelles and Mauritius have surged to the forefront of the continent’s investment scene, stealing the limelight from the […]
Nigeria misses top 5 cut in Africa’s investment attractiveness rankings
Post AMUGEAugust 6, 2024
Seychelles, Mauritius, Egypt, South Africa and Morocco earn top spots Onome Amuge Nigeria, despite its substantial economic might, has failed to secure a top-five spot among Africa’s most attractive investment destinations. In contrast, the small island nations of Seychelles and Mauritius have emerged as the first and second most attractive investment destinations on the continent, […]
CBN to pursue dovish interest rate hike in H2’24, say analysts
Post AMUGEJuly 16, 2024
ONOME AMUGE IN LAGOS Financial analysts at Cowry Asset have suggested that the Central Bank of Nigeria (CBN) is expected to implement a moderately dovish interest rate hike, ranging from 25 basis points to 75 basis points in the second half of 2024, against the consecutive hawkish rate hikes witnessed in the first half of […]
Capital market expert, Uwaleke sees profitable outlook for investors in Nigerian stocks in H2 2024
Post AMUGEJuly 9, 2024
Onome Amuge Uche Uwaleke, a professor of Capital Market at the Nasarawa State University, Keffi, has projected a golden opportunity for investors in the Nigerian stock market during the second half of 2024. However, he has cautioned investors to be wary of the possibility of a market downturn during this period, considering the market’s recent […]
Nigeria records $3.38bn capital importation in Q1’24, up 210% amid rising foreign investment
Post AMUGEJuly 2, 2024
Business a.m. Nigeria’s economy is experiencing a surge in foreign investment, with capital importation jumping by 210 percent quarter-on-quarter to $3.38 billion in the first quarter of 2024 from $1.09 billion recorded in the fourth quarter of 2023, according to the National Bureau of Statistics (NBS). The NBS capital importation report for the first quarter […]
SEC upbeat over Nigeria’s growing cryptocurrency market now at $400m
Post AMUGEJuly 1, 2024
Joy Agwunobi The Nigerian cryptocurrency market has witnessed explosive growth, with a market value estimated to be in excess of $400 million, making it a subject of keen interest for domestic and international stakeholders. The substantial growth of the market has not gone unnoticed, prompting observers to closely monitor the sector’s development. Emomotimi Agama, the […]
Bamboo paves way for youth investment in Nigeria’s stock market
Post AMUGEMay 20, 2024
Business a.m. Bamboo Global Inc., Africa’s leading online brokerage firm, has announced that it will now offer Nigerian stocks on its app to democratise access and attract a new generation of retail investors. Aiming to bridge the gap between traditional and digital investment, Bamboo’s platform now offers local stocks, including blue-chip corporations such as Guaranty […]
Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset
Post AMUGEApril 23, 2024
ONOME AMUGE & JOY AGWUNOBI IN LAGOS, NIGERIA The first quarter of 2024 will be remembered as a turbulent period in Nigeria’s economic history, as the nation endured the wrath of inflationary turmoil. The headline inflation rate soared to 33.20 percent in March 2024, reaching its highest level since March 1996, a grim milestone that […]
Access Holdings chairman bullish about raising $300m new capital
Post AMUGEApril 23, 2024
Our shareholders have mind set on recapitalisation Has over 800,000 shareholders In 2024 Access Holdings is much older, wiser, stronger, larger Is significantly respected by the capital market PHILLIP ISAKPA IN STOCKPORT, UK Aigboje Aig-Imoukhuede, the newly elected chairman of Access Holdings Plc, who chaired his first meeting of shareholders over the weekend, is […]
NCDMB sees Nedogas $1m investment returns nurturing prosperity in oil sector
Post AMUGEApril 22, 2024
Business a.m. The Nigerian Content Development and Monitoring Board (NCDMB) recently announced a $1 million investment return from Nedogas Development Company Limited (NDCL), marking a promising return on one of the Board’s strategic investments. In a symbolic gesture, Emeka Ene, the NDCL chairman, journeyed to the Nigerian Content Tower in Yenagoa, Bayelsa State, to present […]