AGS Daily Juice
Again, Alta Semper Capital attempts to take over HealthPlus head office
AGS Community News
Business Insurance: What you need to know
Olaofe Temitayo will be joining us on our AGS Lightbox session to break down the intricacies of insurance for SMEs. Big businesses and corporations never mess with their insurance policies as this frees them up to focus more on revenue sources and value creation. But as a small business, how much do you know about insuring your business and the options you have? Temitayo is the Team Lead, SME Solutions within the Energy & Emerging Corporates Group at AXA Mansard focused on providing insurance solutions for small and medium businesses in Nigeria. Prior to working at AXA Mansard, Temitayo worked in the UK for 7 years across the Insurance Industry and Not-For-Profit Industry. As you work towards stronger businesses come 2021, you definitely want to be a part of this session. This webinar is scheduled to hold on 12/11/2020 Time: 8 pm WAT. AGS LIGHTBOX is a weekly capacity building webinar open to only AGS Tribe Community members. Learn more
Business
MTN Nigeria, Dangote Cement hit three trillion market cap
MTNN’s market capitalisation stood at N3.25 trillion — the biggest company by market capitalisation, followed by Dangote Cement at N3.15 trillion, while GTBank also crossed the trillion naira market cap to end at N1.05 trillion. The nation’s bourse now has five companies with a trillion naira market capitalisation; MTNN, Dangote Cement, BUA Cement, Nestle Nigeria and GTBank. Read more
CBN to bear 50% credit risk of agric loans under new programme
The Central Bank of Nigeria (CBN) says it will bear 50 percent of the credit risk of loans granted under the Private Sector-led Accelerated Agriculture Development Scheme (P-AADS) in the event that the participant defaults. In a circular published on Tuesday, the apex bank said the programme will complement the Accelerated Agriculture Development Scheme (AADS) that was earlier introduced to engage 370,000 youth in agriculture. Read more
Again, Alta Semper Capital attempts to take over HealthPlus head office
TheCable understands that Chidi Okoro, the chief transformation officer appointed by the firm, led some police officers to the head office on Tuesday. This contravenes a November 4 ruling by Oluremi Oguntoyinbo, a justice of the federal high court in Lagos. Oguntoyinbo had ordered all parties—HealthPlus Limited; HealthPlus Africa Holdings; Ayo Salami; Afsane Jetha; Zacharty Fond; Deji Akinyanju; including Bukky George, CEO of HealthPlus, to maintain status quo pending the determination of the motion before the court. Read more
Orange launches high speed internet network in Nigeria, Ghana, and 6 others
French telecoms giant, Orange, announced it has launched a high-speed fiber-optics network across West Africa. The network named Dioloba will pass through Nigeria, Ghana, Senegal, Ivory Coast, Burkina Faso, Guinea, Liberia, and Mali, with the aim of delivering high-speed internet broadband in the region. This was disclosed in a report by Reuters on Wednesday evening. Read more
Open borders to more companies, senator tells Buhari
The Senator representing Ogun West Senatorial District in the National Assembly, Tolu Odebiyi, has frowned on the special treatment accorded some firms to export items despite the current border closure. He asked the Federal Government to develop a comprehensive policy based on objective criteria to enable other deserving businesses to apply for similar waivers. Read more
Sanwo-Olu confirms Abisola Olusanya as new Agriculture commissioner
The Lagos State Governor, Mr. Babajide Sanwo-Olu, has confirmed the appointment of Ms Abisola Olusanya as the substantive Commissioner for Agriculture in the state. According to a statement from the Lagos State Government, the confirmation of Olusanya’s appointment was contained in a circular issued by the Lagos State Head of Service, Mr. Hakeem Muri-Okunola. Read more
Lafarge, Honeywell, Dangote Sinotrucks, 34 others enjoy three-year tax holidays
Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as companies currently enjoying Pioneer Status Incentive of the Federal Government. The Nigerian Investment Promotion Commission in its third-quarter report on Pioneer Status Incentive applications made public on Wednesday stated that 60 applications for PSI had been abandoned. Read more
Federal Govt under fire for tagging #EndSARS campaigners terrorists
The Federal Government came under fire on Wednesday for tagging of #EndSARS campaigners as terrorists with prominent citizens and groups deploring the Central Bank of Nigeria’s action, which led to the freezing of the accounts of some of the campaigners. Read more
Social
Toke Makinwa recounts heartbreak experience after finding out about ex-husband's baby mama
Media girl Toke Makinwa has recounted how she was heartbroken after finding out that her ex-husband, Maje Ayide had gotten someone pregnant. The multi-talented media personality made this known while jumping on the 'Heartbreak experience' trend on Twitter. Read more
American rapper Mo3 dies after fatal shooting in Dallas
American rapper Melvin Noble also known as Mo3 has died after a fatal shooting in Dallas. PageSix reports that the rapper was driving on a busy freeway when a car pulled up next to him and allegedly sprayed his vehicle with bullets. Read more
Olamide Vows To Pay Anything To Get Laycon Ft Vee EP
Nigerian hip hop recording artist and YBNL boss, Olamide Adedeji, better known as Olamide Badoo has vowed to pay anything to get a joint EP of Laycon and Vee. The 31-year-old rapper revealed this on his verified Twitter account on Wednesday, November 11. Read more
AGS Quote of the day
“Pride can lead to self-control and success; it can be a virtue.” - David DeSteno
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.