Onome Amuge

Lagos

Journalist at Business a.m.

Journalist/Voracious reader/music & sport enthusiast/passionate writer/versatile human

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Articles

Olugbuyiro Akinola Assumes Office As TAT Commissioner Amid FG’s Fiscal Justice Reforms

1 month ago | independent.ng | Onome Amuge

Olugbuyiro Akinola, a distinguished legal practitioner, specialising in tax law, litigation, and public policy has been sworn in as Commissioner of the Tax Appeal Tribunal (TAT), underscoring the Federal government’s commitment to strengthening Nigeria’s tax dispute resolution framework and advancing fiscal justice. The appointment is also considered a catalyst to the government’s strategic focus on institutionalising competent leadership to drive economic coordination and growth.
After tumultuous 2023 analysts see mixed 2024 Nigeria outlook

Jan 1, 2024 | businessamlive.com | Onome Amuge

The year 2023 was not a kind one for the Nigerian economy. Turbulence across various sectors, ranging from energy to agriculture, has derailed the country’s economic projections and benchmarks. Economic indicators have been erratic, with inflation rising and the value of the local currency, the naira, plummeting. The cost of living has spiralled out of control, eroding the purchasing power of the average Nigerian.
Analysts upbeat on Nollywood’s retail, large investors’ attraction

Jan 1, 2024 | businessamlive.com | Onome Amuge

Seen to bring in younger generationNigerian entertainment to reach $14.8bn in 2025Temi Popoola, managing director and chief executive officer of the Nigerian Exchange Limited (NGX), recently identified the domestic entertainment sector, Nollywood, as a potential driver of increased retail investor activity in the capital market.
Records fall as NGX sees 45.9% YtD gain in headwinds defiance

Jan 1, 2024 | businessamlive.com | Onome Amuge

High-profile billionaire-associated companies contribute to market performance Otedola, Rabiu, Elumelu, Dangote in frameIn a stunning show of resilience, the Nigerian Exchange (NGX) closed 2023 with a stellar 45.9 percent gain in its All Share Index (ASI), defying the challenging economic environment and demonstrating the strength of the Nigerian capital market and the potential it holds for investors.
The future of tech:Top trends to dominate global technology space in 2024

Jan 1, 2024 | businessamlive.com | Onome Amuge

The rapid pace of innovation in digital technology has led to dramatic transformations across the globe in recent years. Companies around the world have recognized the strategic importance of embracing digital technologies to remain competitive and adapt to the evolving demands of the global marketplace. From artificial intelligence to cloud computing to cybersecurity, the digital revolution has had a profound impact on the way businesses operate and interact with customers.
Nigeria’s agriculture slides deeper into crisis as deficit hits N424bn in Q3’23

Dec 27, 2023 | businessamlive.com | Onome Amuge

Despite the federal government’s efforts to boost agricultural production declaration of a state of emergency on food security amid promises to ramp up local production and improve food security, an analysis of data from the National Bureau of Statistics (NBS) shows that the country’s agricultural sector continues to run a significant trade deficit which reached N423.69 billion in Q3 2023, up from N376.46 billion in Q2 2023 According to the NBS data, Nigeria’s total agricultural trade for the...
Analysts see shift in oil market dynamics on Angola’s OPEC exit

Dec 25, 2023 | businessamlive.com | Onome Amuge

Exit holds significant implications for Nigeria Angola’s recent decision to leave the Organisation of Petroleum Exporting Countries (OPEC) after 16 years of membership has sparked debate among energy experts and observers. Angola is the second-largest oil-producing country in Africa after Nigeria, and its departure from OPEC is seen as a significant move in the global energy landscape.
Africa, Asia DFIs see potential $100bn harvest for climate change

Dec 25, 2023 | businessamlive.com | Onome Amuge

Urge companies to tap into fund for projectsLooks at collaborating to leverage fundThe World Bank has argued that every dollar spent on climate adaptation has a multiplier effect of four dollars in economic benefits, highlighting the importance of investing in climate solutions. Similarly, the African Development Bank (AfDB) has estimated that Africa needs to spend $250 billion annually to meet its climate finance needs.
Fiscal austerity vs. revenue deficit:Analysts divided over financial conundrum facing Nigeria’s SNGs

Dec 18, 2023 | businessamlive.com | Onome Amuge

In Nigeria, the distribution of expenditures among different levels of government has been a highly controversial issue. Each state’s budget season has sparked heated debate over whether subnational governments (SNGs) have a spending problem or a revenue problem. Proponents of the spending problem argument argue that state governments should focus on controlling their expenditures and making more efficient use of the resources they have.
Global trade in crisis as Maersk, other shippers suspend Red Sea operations

Dec 18, 2023 | businessamlive.com | Onome Amuge

10% of trade affected A significant portion of global trade, estimated to be around ten percent, is under threat due to the suspension of sea shipments through the Red Sea. This is as a result of the decision by major shipping companies, such as A.P. Moller-Maersk and Hapag-Lloyd, to cease operations in the region.