AGS Daily Juice
CBN relaxes rules on foreign remittances, dom accounts
AGS Community News
Win an All Expense Paid Holiday to Dubai when you register for the Launch of Herconomy!
Finally!!! 6th of December! Herconomy is coming!!!! We are launching a Mystery Product!!!!! Wow, it’s taken a whole year or more for this to come to life!!!! Can you guess what it is??? Register here to attend the launch where we’d be announcing this amazing product! Once you register, you can participate in a competition to win an all expense paid trip to Dubai this Christmas! Whoopsss! To participate in the competition, please follow the steps below.
Step 1: Register to attend the launch of Herconomy at https://www.agstribe.org/herconomy/
Step 2: Once you register, you’d receive an email. Follow the steps in the email to receive your personalized flier for you to post on your page.
Step 3: Upload poster created from the above link on your Instagram page and use the hashtag #Herconomy and #AGSTribe so we can track your post.
Step 3: Tell us under the Instagram post one way you’ve have been able to contribute to the Economy and why you deserve a holiday.
Step 4: Tag 3 of your friends on the post
You must be following @agstribe and @dndtravelsandtours to participate. Make it fun!!! We look forward to reading from you! 2020 has been hard enough, we all deserve some fun! Terms and Condition apply.
Business
Naira weakens at N500/$1 after new rates by CBN
At the Bureau de Change segment of the market, the naira weakened further by N5 as the dollar sold for N500 on Monday, as against N495 on Friday. By implication, the naira has lost N140 year-on-year when compared with N360 as at November 2019 when it stood at N360, and N1.25 day-on-day compared to N496.5 on Friday. Read more
CBN relaxes rules on foreign remittances, dom accounts
The apex bank in a statement on Monday signed by O.S. Nnaji, director of trade & exchange of CBN, said recipients of such remittances may have the option of receiving such funds in the foreign currency cash or into their domiciliary account. “These changes are necessary to deepen the foreign exchange market, provide more liquidity and create more transparency in the administration of Diaspora remittances into Nigeria,” the statement read. Read more
‘Farmers smiling to the bank’ — Ortom asks Buhari not to reverse ban on rice importation
Speaking in Makurdi, the state capital, on Monday, Ortom said the ban has created wealth for rice farmers. The governor asked the president not to yield to the pressure of lifting the ban as a result of the recession in the country. He added that the sector has now improved youth employment. Read more
EFCC re-arraigns First Nation Airways MD over alleged N2.1bn fraud
NAN reports that the anti-graft agency brought in Odukoya on a seven-count charge before an Ikeja Special Offences Court on Monday. EFCC, on March 16, 2018, had arraigned Odukoya before Mojisola Dada, presiding judge over the case, on a four-count charge of forgery, use of false document, perjury and stealing of N1.7 billion. Read more
Fidelity Bank MD/CEO purchases 5 million additional shares worth N12.97 million
The Managing Director/CEO Designate of Fidelity Bank Nigeria Plc, Mrs. Nneka Onyeali-Ikpe has purchased an additional five million units of the bank’s shares totalling N12.97million. This is according to a notification, signed by the bank’s Secretary, Mr. Ezinwa Unuigboje, and sent to the Nigerian Stock Exchange Market yesterday, as seen by Nairametrics. Read more
Unilever announces the completion of its Group legal structure
Unilever, the parent company of Unilever Nigeria Plc, has announced the completion of the unification of its Group legal structure under a single parent company, Unilever Plc. According to the press release issued by the company, from today, 30th November 2020 and for the first time in its history, Unilever now trades with one market capitalisation, one class of shares, and one global pool of liquidity, whilst also maintaining the Group’s listings on the Amsterdam, London, and New York stock exchanges. Read more
UBA gets double honours at BAFI Awards
Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend. The bank beat other strong contenders – Zenith Bank, Guaranty Trust Bank, Access Bank and First Bank – to clinch the two top categories in a well-attended ceremony comprising of Bank CEO’s, Captains of Industries and Senior financial executives. Read more
Social
MTN Y’ello Star finalists down to 10, as 4 talents head home after 1st relegation night
This weekend proved to be bittersweet for contestants on the MTN Y’ello Star music reality TV show as four of the show's finalists had their dreams of winning the debut season cut short, while the rest continued their journey to stardom. Read more
Rihanna reportedly dating longtime friend A$AP Rocky after months of romance rumours
There is a report that Rihanna and her longtime friend A$AP Rocky are officially dating. According to PEOPLE, a source revealed that the two have become an item. The news comes after PageSix reported that the couple — both 32 — was spotted having dinner with friends at the Beatrice Inn in New York over the weekend. Read more
AGS Quote of the day
“Isn't it time you took control of your happiness and changed the way you feel from minute to minute, hour to hour, and day to day?” - Jonathan Yalowchuk
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.