NNPC chief talks up exchange listing in commercialisation push
Post AMUGE
March 25, 2024
Joy Agwunobi The Nigerian National Petroleum Company Limited (NNPC) is on the cusp of a major transformation, with a plan to list itself on the Nigerian Exchange, paving the way for a new era of transparency and accountability, as the company becomes subject to the public scrutiny that comes with being a publicly listed entity. […]
Nigeria offers lucrative lithium industry for Qatari investment
Post AMUGEMarch 5, 2024
Business a.m The Nigerian government has invited Qatari investors to explore the country’s lithium potential, as shown by comprehensive data on its reserves available at the Nigerian Geological Survey Agency. Dele Alake, Nigeria’s minister of solid minerals development, made the offer in Doha, Qatar, while meeting with Qatari businessmen on the sidelines of President Bola […]
On our way to better savings?
CORONATION A.M.November 14, 2023
ANALYST INSIGHT: CORONATION A.M. Reform is on the agenda again, and this time it affects Naira interest rates. As we detailed the penultimate week, Finance Minister Wale Edun announced (on 23 October) the imminent arrival of $10.0bn to shore up the nation’s foreign exchange reserves and its foreign exchange market. On the same day CBN […]
Dollar boost and Nigeria’s Eurobond, T-bill, FGN bond, equity markets
CORONATION A.M.November 6, 2023
ANALYST INSIGHT: CORONATION A.M. Penultimate week it was reported that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had announced an expected inflow of $10.0 billion to Nigeria in a matter of weeks. A news story later in the week reported that a loan of some $7.0 billion was being prepared […]
Foreign investors retreat from Nigeria as investment falls 31.9% to N108.9bn
Onome AmugeNovember 6, 2023
Onome Amuge Foreign Portfolio Investment (FPI) inflow into the stock market has continued to decline due to challenges related to the release of foreign dividends and profits caused by the scarcity of foreign exchange. According to the Nigerian Exchange Limited (NGX) report on Domestic and Foreign Portfolio Participation in Equity for September 2023, […]
CBN’s forex access to 43 items sees analysts weigh in
Onome AmugeOctober 16, 2023
…denied access to I&E Window for Forex Onome Amuge The decision by the Central Bank of Nigeria to grant forex access to enable importation of 43 items eight years after restriction, has been praised by some finance and economic analysts, as well as international organizations like the International Monetary Fund (IMF), who believe that it […]
EnterpriseNGR urges Public-Private Partnerships to make Nigeria Africa’s top financial hub
Business a.m.October 5, 2023
EnterpriseNGR, a member-led, not-for-profit professional advocacy group representing Nigeria’s Financial and Professional Services (FPS) Sector, has emphasised the significance of public-private partnerships in realising the organisation’s objectives of positioning Nigeria as Africa’s premier financial hub. Aigboje Aig-Imoukhuede, chairman of EnterpriseNGR’s board of directors,underscored the benefits of public-private partnerships during the organisation’s Quarterly Members’ Night dinner, […]
AfDB’s Adesina pitches Africa’s $1trn agriculture potential to Korean investors
Onome AmugeSeptember 18, 2023
By Onome Amuge. Akinwumi Adesina ,president of the African Development Bank (AfDB) has called on Korean investors to seize untapped investment opportunities in the continent, especially in the agriculture sector expected to grow to $1 trillion by 2030. Adesina made the call at a business forum during the just concluded 7th Korea-Africa Economic Cooperation Ministerial […]
ABCON opts for merger over Cynthia Ezekwe recapitalisation of each BDCs
Isaac JayeolaSeptember 18, 2023
By Onome Amuge. The Association of Bureaux De Change Operators of Nigeria (ABCON) is seeking the merger of Bureaux De Change (BDC) operators rather than recapitalisation of the industry, to effectively help its corporate governance and rules of engagements with the apex bank. According to ABCON, the merger option was adopted for class ‘A’ BDCs […]
Policymakers advocate innovative mechanisms to address Africa’s $300bn climate adaptation shortfall
Cynthia EzekweSeptember 18, 2023
By Cynthia Ezekwe. With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials have called for the implementation of innovative mechanisms to unlock finances for climate adaptation. Policymakers made the call at a high-level event on the sidelines of the Africa Climate Summit held recently in Nairobi The event was co-hosted […]