Africa’s infrastructure investment landscape set to evolve at AVCA’s annual summit in Johannesburg
Post AMUGE
April 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 […]
NNPC chief talks up exchange listing in commercialisation push
Post AMUGEMarch 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 […]