AGS Daily Juice
FG mulls taking custody of unclaimed dividends, dormant account balances
AGS Community News
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Business
FIRS: 70% of Nigeria’s revenue now derived from tax
Nami told stakeholders at an interactive session in Abuja that other revenue lines, including crude oil, accounts for the remaining 30 percent. Delivering a presentation titled ‘Weathering Economic Turbulence’, the FIRS boss called for a review of the country’s tax laws, saying most of the laws dates back to before independence in 1960. Read more
FG mulls taking custody of unclaimed dividends, dormant account balances
The federal government is considering the creation of an unclaimed dividend and unutilised bank balance trust fund where dividends declared and unclaimed will be held. Providing highlights of the 2020 finance bill at a webinar organised by KPMG in collaboration with the ministry of finance, budget and national planning on Friday, the finance ministry said the funds would be owed as a perpetual debt to shareholders. Read more
#EndSARS: Nothing wrong with social media bill – Ali Ndume
Senator Ali Ndume, Chairman of Senate Army Committee, says he sees nothing wrong with the implementation of a Social Media Bill so that people would be held accountable for whatever they say. The Senator disclosed this on Sunday in an interview with Channels TV. The bill has already passed Second Reading in the Senate. Read more
Ardova closes Shell Lubricants deal for Nigerian Market
Shell lubricants products will be widely available in the Nigerian market later this year, following a new deal with Ardova PLC (AP). Announcing the deal in a statement in Lagos on November 12, 2020, Chief Executive Officer of Ardova Plc, Olumide Adeosun, said: “We are delighted that our company will act as the main distributor for Shell Lubricants branded products for the automotive and industrial sectors in Nigeria.” Read more
#EndSARS: Lagos secures release of 107 people arrested over the protest
The Lagos State Government has announced that it has secured the release of 107 people who were involved in the #EndSARS protests across the state from police facilities and correctional centres in the state. This follows the legal advice by the Lagos State Attorney-General exonerating 253 #EndSARS protest suspects from the violence with the looting and destruction of public and private assets across the state. Read more
Trump retracts earlier election loss statement, says he didn’t concede defeat
The United States President, Donald Trump, appears to have recanted his earlier statement through a tweet post where he somewhat acknowledged that the Democratic candidate, Joe Biden, won the presidential election, but said it was rigged. While disclosing in his new tweet post that Joe Biden only won in the eyes of fake news media, Donald Trump said that he was not going to concede and called the election rigged. Read more
Global aviation needs 260,000 new pilots
Global aviation industry would require about 260,000 new pilots in the next decade forecast by international civil aviation training specialist, CAE 2020-2029 Pilot Demand Outlook, has revealed. The global demand for new pilots continues to increase despite the COVID -19 pandemic toll on the current civil aviation market as players in the sector, including airlines, aircraft manufacturers and aviation training institutions look forward to rebound beginning from 2021. Read more
Social
Actor Frederick Leonard explains why he is still single
Nollywood actor Frederick Leonard has explained why he is still single at the age of 44. The movie star made this known during a chat with Allure Vanguard on Sunday, November 15, 2020. According to him, even though he doesn't want to end up alone, he doesn't want to end up in a miserable marriage. Read more
Banky W, Omawumi others attend MTN Y'ello Star premiere gala in Lagos
The much-awaited MTN Y'ello premiere gala has been held in Lagos. The event took place on Sunday, November 15, 2020, at the MTN Plaza, Ikoyi, Lagos. In attendance were some A list celebrities including Banky W, Omawumi, Saka, Faze, and Cobhams Asuquo. Read more
Ultimate Love: Rosie Aborted My Baby Without Approval – Kachi (Video)
The winner of Ultimate love, a reality tv show, Kachi, has disclosed why his relationship with Rosie ended. The reality show stars were the winners of the dating show, ‘Ultimate love’. The relationship of Kachi and Rosie, however, ended weeks after rumours emerge on the internet. Read more
AGS Quote of the day
“If you take intellectual information that you learn as a philosophy, and then initiate that knowledge into your life by applying it enough times until you master it, you will ultimately move from being a philosopher to an initiate to a master.” - Dr Joe. Dispenzer
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