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CBN: Consumers will boycott luxury items for the next 12 months

Herconomy
Dec 24, 2020
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AGS Community News

The AGS Tribe APP is live

We finally unveiled our mystery product - The AGS Tribe APP built especially for you. The AGS Tribe App is live and ready to serve you. Download the App now to get access to tons of opportunities - grants, loans, scholarships, jobs, etc. Get the Gold membership and enjoy tons of discounts off our many partner stores! It’s very emotional for us to see this dream come alive; we are certain it will be a game-changer for today’s woman. Learn more

Business

Covid-19: New UK variant also confirmed in Singapore

The Singaporean government has announced its first case of the new Covid-19 variant similar to that recently announced by the UK. Singapore said that it placed 11 in quarantine and tests returned positive for the new strain, in a report cited by Reuters. Read more

Alibaba in hot water on China’s regulators probe over Ant Group

The world’s second-largest economy, China, has recently launched an antitrust investigation into Asia’s leading e-commerce company, Alibaba, listed on the biggest stock market in the world. In a report credited to Reuters, the e-Commerce juggernaut seems to be in hot water over its affiliate company, better known as Ant Group, as Chinese antitrust regulators plan to review if it was in anyway monopolistic. Read more

CBN: Consumers will boycott luxury items for the next 12 months

The Central Bank of Nigeria (CBN) has projected that most Nigerians will distance themselves from expensive and luxury items within the next 12 months. This is contained in the ‘Consumer Expectations Survey for Q4 2020’ report released by the CBN’s statistics department. Read more

NIPC: Kogi beats Lagos to become top investment destination for Q3 2020

The Nigerian Investment Promotion Commission (NIPC) says investment in Nigeria rose to $3.95 billion in the third quarter of 2020 (Q3 2020), as Kogi state emerged top destination of investment in the country with $1 billion (25 percent). This was contained in NIPC’s “report of investment announcements in Nigeria (July – September 2020)” by its department of strategic communications. Read more

NIN: Telecom operators get NIMC enrolment licences

Mobile network operators (MNOs) on Wednesday said they have enrollment and verification licences from the Federal Government. The development followed the stampede that was witnessed at the registration centres of the National Identity Management Commission (NIMC) across the country earlier this week. Read more

Fed Govt’s December bond oversubscribed by N70b

THE Debt Management Office (DMO) said the N60 billion bond it offered for December had been oversubscribed by more than N70 billion. This was contained in a statement obtained from DMO’s website yesterday. Read more

CBN directs banks to close naira remittances ledgers

THE Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora remittances beneficiaries. CBN Governor, Godwin Emefiele who gave the directive to DMBs in his remarks titled:  “Improving Remittance Inflows into Nigeria” said the Naira General Ledgers were channels through which the naira remittances were hitherto carried out. Read more

Social

BBNaija's Tacha gets N6M, a bus and dispatch bikes from fans for her 25th birthday

Tacha celebrated her 25th birthday on Wednesday, December 23, 2020, and got some amazing gifts from her fans. The reality TV star was presented with a N6M cheque, a bus, and dispatch bikes by her fans popularly known as the Titans. Read more

BBNaija’s Laycon Awarded As Ambassador, Sickle Cell Advocate

Winner of the 2020 edition of Big Brother Naija (BBNaija) reality show, Laycon has been awarded as “Ambassador Extraordinary” and “Sickle Cell Global Advocate” in Nigeria. Laycon, also a rapper, took to his Instagram page to disclose the news to his followers on Wednesday, December 23. Read more

Meghan Markle and Prince Harry’s Christmas Card Reveals Archie Is a Redhead

Prince Harry and Meghan Markle are sharing some big family news with their annual Christmas card: Archie is officially a redhead! The royals' 19-month-old son is clearly taking after his dad, one of the world's most famous gingers. Read more

AGS Quote of the day

“When you put yourself on the path to knowing yourself, embracing yourself and honoring exactly who you are, without excuses or defenses, you will experience the illumination of self-enlightenment.” - Iyanla Vanzant

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:

  1. Promoting youth entrepreneurship as a tool to reduce youth unemployment and promote economic growth

  2. Women Empowerment through our AGS Impact Fund and AGS Enterprise Challenge

  3. Capacity building for entrepreneurs and nonprofits

Click on this link https://www.agstribe.org/community/to join our community of entrepreneurs and young professionals.

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