Nigeria records $3.38bn capital importation in Q1’24, up 210% amid rising foreign investment
Post AMUGE
July 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 […]
Africa’s infrastructure investment landscape set to evolve at AVCA’s annual summit in Johannesburg
Post AMUGEApril 18, 2024
Business a.m. The African Private Capital Association (AVCA), in partnership with industry leaders, will host the 20th Annual AVCA Conference & VC Summit in Johannesburg from April 22 to 26. The highly anticipated gathering is expected to bring together key players in Africa’s private capital landscape, including development finance institutions, institutional investors, private investors, policymakers, […]
Climate tax task force meets in US to close $2.4trn funding gap
Post AMUGEApril 15, 2024
Developing, vulnerable countries annual need To meet climate targets, Paris commitments France, Barbados, Kenya co-chair of ITTF PHILLIP ISAKPA IN STOCKPORT, UK The world will begin an attempt at moving the needle in the quest to close the huge estimated $2.4 trillion annual funding gap that developing and vulnerable countries require to meet their […]
Climate Action Africa advocates multi-sector alliance to address Nigeria’s climate crisis
Post AMUGEApril 12, 2024
Business a.m. Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development in Nigeria, has called for a more impactful and inclusive approach to tackling the country’s pressing climate challenges. The call for action was made during a media briefing hosted in Lagos, where CAA shed light on the pressing issues of […]
EnterpriseNG empowers over 100 new graduates through YOE programme
Post AMUGEApril 5, 2024
Joy Agwunobi The EnterpriseNGR Youth of Enterprise (YOE) Internship Programme, an initiative designed to tackle youth unemployment and underemployment in Nigeria, recently marked a major milestone with the graduation of its second cohort of interns. Under the theme “Paving the Way for Career Success,” the YOE graduation ceremony brought together leading employers in the […]