AGS Daily Juice
FMCGs turn to ‘sachetisation’ as consumer wallet comes under intense pressure
AGS Community News
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Business
FG to exempt small businesses from tertiary education tax
Ajibola Olomola, chairman of the drafting sub-committee of the fiscal policy reforms committee, said the proposed 2020 finance bill will introduce an amendment to the tertiary education tax act to exempt small businesses from tertiary education tax (TET). Currently, all companies registered in Nigeria are required to pay TET at two percent of assessable profits for each year of assessment. Read more
FMCGs turn to ‘sachetisation’ as consumer wallet comes under intense pressure
An increasing number of consumer goods companies in the country have introduced smaller product units ‘sachetisation’ into the market at a lower retail price as consumers’ wallets come under immense pressure. A visit by TheCable to some markets in Lagos showed that sachet packs are now becoming increasingly popular. Read more
Naira plunges to 475 as dollar demand rises
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell to 470 per dollar on Friday from 468 on Thursday. The naira was trading at 462-463 at the unofficial market at the start of this month. Read more
Fuel price hike violates our agreement with FG – NLC
The Nigeria Labour Congress has rejected the fuel price hike from between N158 and N160 per litre to between N168 and N170, stating that it has worsened the level of anguish in the country. It noted that the increase in the pump price of petrol was “against the spirit and content” of what the organised labour agreed with the government at the last negotiations over the last fuel price increase. Read more
TalentQL raised $300,000 pre-seed led by Zedcrest Capital
African focused talent outsourcing and incubator company, TalentQL, has raised $300,000 in a pre-seed funding round led by Zedcrest Capital. The company which was launched in November 2020 by the Co-founders of Techpoint Africa, Jobberman, and DevCareer, is set to build a pipeline of quality talents for African companies, as well as source and manage top local talents for leading international companies right from Nigeria. Read more
Dabiri-Erewa: Border closure not behind Nigerian traders’ ordeal in Ghana — our banks are still there
Shops belonging to Nigerians in Ghana have been shut by authorities who demanded evidence of their Ghana Investment Promotion Council (GIPC) registration. The GIPC states that a minimum foreign equity investment of $1 million must be made for general trading in addition to a 31,500 cedis registration fee. Read more
Social
Veteran Actors, Joke Silva & Olu Jacobs Celebrate 35th Anniversary
Joke Silva and Olu Jacobs are today celebrating their 35th wedding anniversary and Joke has taken to her Instagram page to celebrate. She shared the lovely photo above and then wrote: “Totally forgot. 35 years together…thank you, Lord. Here is to many more. Happy wedding anniversary Omo boy @_olujacobs.” Read more
Regina Daniels Speaks On Ned Nwoko’s ‘New Wife’
Nigerian actress, Regina Daniels, has reacted to the report making rounds about her husband, Ned Nwoko, planning to marry another wife. The wife of the billionaire had shared a post on her Instagram story with a ringed finger and captioned it ‘wifey’. Read more
Williams Uchemba’s Wife, Brunella Oscar Discloses Her Relationship Secret
Brunella Oscar, the traditionally wedded wife of Nigerian actor, Williams Uchemba, has disclosed how the Holy Spirit ministered to her that the comic actor is going to be her husband. According to Brunella In a recent interview with Wedding Digest Naija, she reached out to Uchemba first on social media, Facebook precisely after it was confirmed to her by the Holy Spirit that the actor is her husband. Read more
AGS Quote of the day
“Every answer you need or seek, spiritually, mentally and physically, is right here in your present moment.” - Sandra Coyner
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
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