Labour’s N494,000 wage demand could cripple the Nigerian economy
Post AMUGE
June 3, 2024
Business a.m. The federal government has raised concerns over the potential economic implications of the proposed N494,000 minimum wage demanded by organised labour, comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), stating that the increased expenditure of N9.5 trillion could cripple the nation’s economy. Mohammed Idris, the minister of information and […]
Govt. policy blamed as construction unions allege loss of 52,000 sector jobs
Post AMUGEJune 3, 2024
Business a.m. Reporter The Construction and Civil Engineering Senior Staff Association (CCESSA) and the National Union of Civil Engineering Construction Furniture and Wood Workers (NUCECFWW), both affiliated with the Trade Union Congress of Nigeria (TUC) and the Nigeria Labour Congress (NLC), have estimated that 52,000 construction and furniture workers have lost their jobs in the […]
Hope deferred! Scepticism trails President Tinubu’s first year in power
Post AMUGEMay 27, 2024
Nigerians, gnashing their teeth, seek change Economic indices worst for president’s 1st year ONOME AMUGE IN LAGOS, NIGERIA The imminent turn of the calendar to May 29th serves as a moment of reflection and commemoration in Nigeria, as citizens reflect upon the first year of President Bola Tinubu’s administration. Dubbed the administration of “renewed […]
Uwaleke, ACMAN president, worries about GDP growth services sector overweight
Post AMUGEMay 27, 2024
Canvasses balance to counter overdependence Onome Amuge Uche Uwaleke, a professor of finance and capital market at the Nasarawa State University, has voiced his concerns regarding the recently released GDP report by the National Bureau of Statistics which showed that the services sector remains the primary driver of growth in Nigeria’s economy. Uwaleke warned that […]
Nigeria’s Inflation Soars to 33.69% in April 2024-NBS
Post AMUGEMay 15, 2024
Business a.m. The National Bureau of Statistics (NBS) has released the latest inflation data for Nigeria, which revealed a marked increase in the headline inflation rate from 33.20 percent in March 2024 to 33.69 percent in April 2024, marking a rise of 0.49 percentage points in a single month. According to the National Bureau of […]
Fitch sees promising prospects for Nigeria’s fiscal, economic outlook
Post AMUGEMay 7, 2024
Long-term FX creditworthiness ‘positive’ Affirms long-term FX IDR at ‘B-’ On back of recent reforms Onome Amuge Global credit rating agency Fitch Ratings has shined a positive light on Nigeria’s long-term foreign-currency creditworthiness, upgrading its outlook to “Positive” and affirming the country’s long-term foreign-currency Issuer Default Rating (IDR) at ‘B-’, a sign that the […]
Nigeria’s mounting inflation woes hits new peak at 33.2% in March 2024
Post AMUGEApril 15, 2024
Business a.m. The National Bureau of Statistics (NBS) has released the latest inflation data for Nigeria, which revealed a marked increase in the headline inflation rate from 31.70 per cent in February 2024 to 33.20 per cent in March 2024, marking a rise of 1.50 percentage points in a single month. According to the National […]
FG settles N4.83trn ways & means advances to CBN using T-Bills,bonds
Post AMUGEApril 10, 2024
The federal government has earmarked a total of N4.83 trillion out of the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle part of the N7.9 trillion Ways and Means advances received from the Central Bank of Nigeria (CBN), which is approximately N3.07 trillion short of the outstanding advances as of […]
Climate Action Africa takes the lead on sustainability with CAAF24
Post AMUGEMarch 26, 2024
Onome Amuge Climate Action Africa (CAA) has announced the launch of the Climate Action Africa Forum (CAAF24), a new international platform that will convene thought leaders from around the world to share insights on how to encourage collaboration, catalyse solutions, and encourage governments, businesses, and individuals to invest in climate-friendly initiatives. The announcement for the […]
NDFF 2024 conference to explore sustainable solutions for Nigeria’s economic,social welfare
Post AMUGEMarch 20, 2024
Ali Pate to deliver keynote address on transforming Nigeria’s population health Joy Agwunobi In a move to catalyse economic growth and drive positive social change, the Nigeria Development and Finance Forum (NDFF) is set to convene a two-day conference to be held on May 8th and 9th, 2024 at the Transcorp Hilton […]