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Buhari says there is no provision for fuel subsidy in revised 2020 budget
AGS Community News
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Business
Jim Ovia is king as Nigeria’s top bank chiefs earn N2.3bn in interim dividend
Despite the impact of the pandemic and regulatory squeeze which has seen the earnings of banks come under pressure, tier-1 banks in the country have continued to build a robust buffer since the last cyclical downturn. This has put them in a better position to absorb asset quality shocks and sustain the age-long tradition of dividend payment to shareholders. Read more
Cititrust gets SEC approval to float wealth management subsidiary
In a statement on Monday, Cititrust said SEC approved for the arm to provide portfolio management to corporations and institutional investors as well as wealth management, structured investments and other financial advisory services. CFS Group Plc, a subsidiary of Cititrust said Cititrust Asset Management received a fund/portfolio manager license on August 31. Read more
THE INSIDER: Buhari re-appointed NDPHC MD despite Osinbajo’s objection
Ugbo was appointed in August 2016 on the recommendation of Osinbajo, TheCable understands. However, when President Muhammadu Buhari sought Osinbajo’s opinion on the position ahead of the expiration of Ugbo’s tenure, his name was not on the vice-president’s shortlist. But Buhari still renewed Ugbo’s appointment. Read more
Exclusive: Best bank in Nigeria judging by the numbers
The Nigerian Banking sector is one of the most competitive sectors in the Nigerian economy and perhaps the most profitable. Despite having about 23 deposit money banks in the country, only a dozen are listed on the Nigerian Stock Exchange (NSE). Read more
First Bank tops as Nigerian banks record lower E-business income
The tier-1 banks popularly known as the FUGAZ (First Bank, UBA, Access Bank, GT Bank, and Zenith Bank) topped the list of banks with the highest e-business earnings in the first half of 2020. Data from their half-year 2020 financials show that the FUGAZ generated a sum of N67.3 billion from electronic business, a drop of 14.2% compared to N78.4 billion recorded in the corresponding period of 2019. Read more
Buhari says there is no provision for fuel subsidy in revised 2020 budget
The Federal Government says there is no provision for fuel subsidy in the revised 2020 budget, as Nigeria cannot afford the cost. This was disclosed by President Muhammadu Buhari in the First Year Ministerial Performance Review Retreat, at the State House on Monday. Read more
China publicly presents its COVID-19 vaccines, 2 doses to cost below $146
China has publicly presented its homegrown covid-19 vaccines for the first time, as the country where the virus was first discovered, looks to shape the narrative surrounding the pandemic. A lot of high hopes hang on the vaccine candidates produced by Chinese companies, Sinovac Biotech and Sinopharm which are on display at a Beijing trade fair this week. Read more
Social
Nigerian Cinemas To Open September 11 – CEAN
Nigerians can now return to the cinemas as from September 11, 2020, the Cinema Exhibitors Association of Nigeria (CEAN) has announced. A statement on Monday by CEAN on its Instagram account said residents can visit any Cinema near them as from Friday. Read more
BBNaija 2020: Trikytee wins head of house, selects Laycon as deputy
Lockdown housemate, TrikyTee has won his first-ever head of house games in the show's eight week. The housemate's win and the accompanying immunity comes at a vital period in the game especially as he has been up for possible eviction for at least three weeks in a row.
BBNaija 2020: Erica admits Kiddwaya played a role in her disqualification
In an exclusive interview with the show's organisers, the 26-year-old actress tendered an unreserved apology to housemates including Laycon, Prince and Dorathy for her untoward behaviour. Erica also briefly spoke about how her involvement with Kiddwaya may have negatively influenced her game while hinting on some of the qualities that first attracted her to him. Read more
AGS Quote of the day
“Great things are done by a series of small things brought together” – Vincent Van Gogh
About AGS Tribe
The AGS Tribe is a Pan African community built to inspire, connect and build the capacity of young entrepreneurs and professionals. The main purpose of the AGS Tribe is to build a community of strong leaders (Entrepreneurs or Professionals) who will create more job opportunities that will ultimately reduce unemployment in Africa.
The Platform has 3 focus areas which are:
Promoting youth entrepreneurship as a tool to reduce youth unemployment and promote economic growth
Women Empowerment through our AGS Impact Fund and AGS Enterprise Challenge
Capacity building for entrepreneurs and nonprofits
Click on this link https://www.agstribe.org/community/to join our community of entrepreneurs and young professionals.