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How do you hedge against depreciation as the Naira keeps dropping, despite CBN measures?

Herconomy
Sep 14, 2021
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AGS Community News

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Local Stories

Military onslaught in Zamfara: Dislodged bandits flee southwards, gunmen strike in Kogi, Kaduna, Ekiti

Top security sources, who confided in our correspondents, said security agents in other states had been alerted to be on the lookout for the fleeing bandits. Read more…

VAT judgement: FIRS may lose N92bn revenue to states

If the judgement of the Federal High Court asking states government to collect Value Added Tax in their domain is upheld by the Appeal Court, read more…

NARD wants Buhari to lead talks, Falana heads legal team

STRIKING members of the Nigerian Association of Resident Doctors have called on the President, Major General Muhammadu Buhari (retd.), read more…

Climate change may force 86 million Nigerians, others to migrate – World Bank

The World Bank has disclosed that 86 million people could become climate migrants in Nigeria, other Sub-Saharan countries by 2050. Read more…

Stolen artefacts to return to Nigeria from July 2022 – NCMM

The National Council of Museum and Monuments (NCMM) has revealed that Nigeria reached an agreement with European museums and the German government to begin the return of stolen artefacts from July 2022. Read more…

International Stories

Climate change: World now sees twice as many days over 50C

The number of extremely hot days every year when the temperature reaches 50C has doubled since the 1980s, a global BBC analysis has found. Read more…

Boris Johnson's mother, Charlotte Johnson Wahl, dies aged 79

A notice published in the Times newspaper said she died "suddenly and peacefully" at St Mary's Hospital in west London. Read more…

Tech Stories

Capiter’s Series A, blackout extension in Zamfara, cryptocurrencies vs CBDCs

Chimgozirim Nwokoma | Sep 14, 2021

Today on #TechpointDigest, @nwokomachigo discusses Capiter’s Series A, Zamfara’s telecoms blackout, and the battle between cryptocurrencies and CBDCs. Read more…

A bird’s-eye view of Hardware Convention 2021, held in Aba

Chimgozirim Nwokoma and Ogheneruemu Oneyibo | Sep 13, 2021

From engaging panel discussions to a bracing tour, the Hardware Convention 2021, held in Aba, Abia State, South-East Nigeria, provided a rare insight into the workings of the ecosystem. Curious? Then you should read this. Read more…

Business Issues

CBN not supporting solid minerals development, minister laments

The Minister of State for Mines and Steel Development, Dr Uche Ogah, on Monday, lamented that the Central Bank of Nigeria had not been supporting the development of the mines and solid mineral sector. Read more…

Non-performing loans declining but remain above benchmark – CBN

The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in June, showing more resilience in the banking sector. Read more…

Nigerian companies spend over $55 billion on foreign professional services in 10 years

A review of Nigeria’s current account data from the Central Bank of Nigeria (CBN), reveals that Nigeria and its corporates spent a sum of $55 billion on foreign expatriates for business, professional, read more…

El Salvador excludes foreign Bitcoin investors from paying taxes

El Salvador announced through the legal advisor to the President, Javier Argueta, that the country is looking to exempt foreign investors from taxes on Bitcoin profits. Read more…

Naira continues unprecedented fall, hits N550/$1 at black market

The exchange rate between the naira and the US dollar closed at N412.75/$1, at the official Investors and Exporters window. Read more…

SEC seeks to deepen the capital market with risk based guidelines

In the Nigerian capital market, the Securities and Exchange Commission (SEC) has implemented a risk-based management guideline. Read more…

Zoom is adding live translation services, Zoom Whiteboard, and other new features

Video conferencing platform Zoom, is continuously creating new features to help users connect with teams and customers, share ideas, and get more done together. Read more…

Intuit to acquire Mailchimp for $12 billion

Intuit, the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, is acquiring MailChimp, an email marketing platform for businesses for approximately $12 billion in cash and stock advances. Read more…

Metro

Met Gala 2021: Celebrities show off lavish outfits in New York

The Met Gala - one of fashion's biggest and starriest events - has rolled out its red carpet in New York for some of the planet's best-known celebrities. Read more…

Addy Awofisayo becomes Head of Music, Sub-Saharan Africa at YouTube and YouTube Music

She also holds a Masters' Degree from Harvard University. Read more…

Tems scores second Hot 100 placement with Drake's 'Fountains'

The record is set to debut at No. 26. Read more…

Sex worker slits Lagos trader’s stomach with blade, victim dies

A trader, Sunday Emmanuel, has lost his life after a suspected sex worker, identified as Precious, allegedly slit his stomach with a blade at FESTAC Town in the Amuwo-Odofin Local Government Area of Lagos State. Read more…

AGS Quote of the Day

"Self-acceptance means living the life you choose to live without worrying what others think about you. It doesn’t matter what someone else thinks about you. What matters is what you think about yourself."

~ Sadiqua Hamdan

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