Tinubu’s governance faces efficiency test over tax reform goals
Post AMUGE
December 9, 2024
CITN, NECA endorse bill, say it is beneficial to all Onome Amuge President Bola Tinubu rode to power on the wings of ambitious economic reforms that promised to lift the fortunes of Nigerians, yet his tenure has been marred by skyrocketing fuel prices, a weakening naira, and rising inflation, all serving as persistent reminders of […]
CBN policies propel uptrend in Nigeria’s FX reserves to $40.23bn
Post AMUGEDecember 9, 2024
Bamidele Famoofo The latest data from the Central Bank of Nigeria (CBN) indicates a notable improvement in the country’s foreign exchange reserves, highlighting a positive trajectory in their periodic movement. By the end of November 2024, Nigeria’s reserves had appreciated by an impressive 21.90 percent year-on-year, climbing from $33 billion in November 2023 to $40.23 […]
Women bankers association to host 2024 event on positioning for economic shifts, global trends
Post AMUGEDecember 6, 2024
Business a.m. The Association of Professional Women Bankers (APWB) is set to host thehighly anticipated 2024 Marquee Event, a distinguished evening designed to inspire,educate, and empower professionals across the banking, financial services, and corporate sectors. With the theme “Positioning for Economic Shifts and Global Trends – 2025 and Beyond”, this year’s event aims to foster […]
Zenith Bank emerges Bank of the Year at The Banker Awards 2024
Post AMUGEDecember 4, 2024
Onome Amuge Zenith Bank Plc has been awarded ‘Bank of the Year, Nigeria’ by The Banker Magazine’s Bank of the Year Awards for 2024. The Financial Times Group subsidiary made the announcement during an awards ceremony held in London on December 4th, commending Zenith Bank for its robust management, solid business model, and strategy, as […]
Nigeria’s Eurobond comeback nets $2.2bn in landmark offering
Post AMUGEDecember 3, 2024
Onome Amuge Nigeria has raised $2.2 billion through its latest Eurobond sale, marking its return to the international capital markets after a gap of eight months (since March 2022). The auction saw the sale of two bonds, each with a different maturity period. While the Eurobond auction attracted e $9 billion in bids, Nigeria’s finance […]
UNILAG secures Afretec seed grant to explore digital transformation in youth-led MSMEs
Post AMUGEDecember 3, 2024
Business a.m. The University of Lagos has been awarded a prestigious African Engineering and Technology Network (Afretec) seed grant under the “Building Research Capacity to Advance the Inclusive Digital Transformation of Africa” programme. This one-year study, “Evaluating Digital Transformation and Maturity in Youth-Led Micro, Small, and Medium Enterprises (MSMEs) Across Sub-Saharan Africa,” will involve extensive […]
Afreximbank signs $100 million trade finance facility with JE Energy for Guyana deal
Post AMUGEDecember 2, 2024
Bamidele Famoofo African Export-Import Bank (Afreximbank) on November 5 in Cape Town, South Africa, signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favour of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana. Under the terms of the agreement signed on the sidelines of the […]
UBA, NIBSS, other banks collaborate on NQR payment solution
Post AMUGEDecember 1, 2024
Bamidele Famoofo The United Bank for Africa (UBA) on behalf of the Nigeria Inter-Bank Settlement System (NIBSS), other banks and financial institutions, has successfully hosted the inaugural Annual General Meeting (AGM) of the NQR Industry Committee reinforcing the importance of cutting-edge Quick Response (QR) payment solution, aimed at enhancing financial inclusion and the digital payment […]
UBA Group expands global footprint with banking operations in France
Post AMUGENovember 29, 2024
Onome Amuge United Bank for Africa (UBA Group) and the French Government have inked a groundbreaking business cooperation agreement, aimed at facilitating UBA’s complete banking operations in France. Bola Tinubu, the president of Nigeria, and Emmanuel Macron, the President of France, bore witness as UBA Group Chairman Tony Elumelu and French Finance Minister Antoine Armand […]
CITN Organises capacity-building workshop for finance journalists
Post AMUGENovember 28, 2024
Business a.m. The Chartered Institute of Taxation of Nigeria (CITN) will host a one-day workshop to enhance the knowledge of media practitioners and finance reporters, particularly members of the Finance Correspondents Association of Nigeria (FICAN). The workshop, scheduled for Wednesday, December 4, 2024, at 9:00 a.m., aims to improve journalists’ understanding of taxation terminologies and […]