AGS Daily Juice

AGS Presents Financial February; Learn all about Finances this Month

AGS Community News

AGS Presents: Financial February, Join Us to Learn all about Finances, Every Thursday in February

A couple of days into the Month of Love is here and we are super excited to have you in our Tribe this month.

While we’re searching for the perfect gifts in this season for our boo’s or beau’s, we have a ton of mouthwatering topics lined up, just for you... to save those extra coins!

Our Theme this month is “Financial February”... You guessed that right! We will be focusing on ALL things finance.

Please join us on this exciting ride through February, by saving the events below on your Calendar, and guess what?

There’s an extra session goody bag session on the 27th because none other than our dearest Oluwatosin Olaseinde will be taking us for that session.

We can't wait to get started.

If you know anyone who these sessions will be useful for, Share with them so they can download our AGS Tribe app on the iOS or Android store, then upgrade to either the Silver (N5,000 monthly) or Gold (N50,000 annual) membership to participate in our weekly capacity building sessions, AGS Lightbox.

We look forward to seeing you every Thursday in February at 8 PM and for the bonus session.

Thank you.

Business

Jeff Bezos To Step Down As Amazon CEO

Amazon founder Jeff Bezos will step down as CEO during the third quarter, the company announced Tuesday—a surprise announcement after a blockbuster year in which Amazon’s stock soared 67% thanks to massive shifts in the retail landscape during the coronavirus pandemic. Read more…

Amazon’s next CEO, Andy Jassy, transformed e-commerce company into a cloud computing giant

Amazon said on Tuesday that Andy Jassy, who runs the cloud unit, will succeed Jeff Bezos as CEO of the parent company in the third quarter.

Jassy helped launch Amazon Web Services in 2006 and turned it into the dominant force in cloud infrastructure.

In Amazon’s earnings report, the company said AWS revenue increased 28% to $12.7 billion. Read more…

Exchange Rate: CBN agrees to settle February NDF at N412/$1

The Central Bank of Nigeria has revised its one-year Non-Deliverable Forwards (NDF) for which it intends to settle foreign exchange futures contracts for the period ending February 2021 to N452.82 up from N440.86.

The NDF is a closely watched indicator of the direction of the exchange rate in the future and is often referenced against the spot rate of the exchange rate between the naira and the dollar read more…

Google riding on hot steam, as earnings growth surges by 23%

Shares of Google‘s parent company, Alphabet, gained more than 7% during after-hours trading, after the world’s biggest online company reported 23% revenue growth and topped estimates for earnings.

Alphabet brought in $46.43 billion in revenue for the quarter when deducting traffic acquisition costs, up from $37.57 billion a year ago read more…

Insurance companies to report over N100 billion in claims in 2020

Top insurance companies in Nigeria are expected to record higher claims in 2020 compared to 2019, as rising insecurity, health challenges, and protests triggered higher risks in a year marred by health and economic crises.

A cursory review of claims reported by insurance firms in the full year unaudited accounts for read more…

AfCFTA: Promoting non-oil revenue will maximize agreement for Nigeria – NESG

The Nigeria Economic Summit Group (NESG) has stated that the Federal Government needs to prioritize the promotion of non-oil revenue to maximize the African Continental Free Trade Area (AfCFTA) agreement.

The NESG also added that the Nigerian economy would rebound by 7.5% by 2025. Read more…

Alibaba looking to raise up to $5 billion in U.S. dollar bond issuance after earnings beat

GUANGZHOU, China — Alibaba is looking to raise up to $5 billion via U.S. dollar-denominated bonds, a person familiar with the matter told CNBC.

The Chinese e-commerce giant announced the bond offering on Tuesday, in a statement with very few details. Alibaba plans to sell several tranches read more…

Finance Act 2020: Fiscal Policy Reforms Committee to correct errors in bill

The Fiscal Policy Reforms Committee announced that it will correct any errors that come up from the implementation of the  Finance Act 2020 if fiscal enactment is needed to adjust the 2021 Appropriation Act.

This was disclosed by Mr. Bode Oyetunde, Senior Special Assistant read more…

GameStop stock plummets

Shares of GameStop sank further on Tuesday, with shares of the volatile retail-trader favorite sliding 60% to finish at $90 per share.

The tumble follows a more than 30% drop during the regular market session Monday after finishing at $325 per share on Friday. That brings the two-day loss to 72%. Read more…

Socials

'Omo Ghetto' crosses N500 million in box office

Funke Akindele-Bello and JJC Skillz' 'Omo Ghetto (The Saga)' is now the highest-grossing Nollywood movie of all time.

According to a CEAN report, the movie which has maintained the number one spot for six weeks in a row, has broken Nollywood's box office record with a cume revenue of N501,449,050. Read more…

Farmers' protest: India says Rihanna tweet 'irresponsible'

India has accused "foreign individuals" and celebrities of "sensationalism" after a tweet by US pop star Rihanna, extending support to protesting farmers, drew global attention.

Hours after the singer's tweet, teenage climate activist Greta Thunberg and US vice president's niece Meena Harris also tweeted support for the farmers. Their widely shared tweets went viral, garnering thousands of responses.

Farmers have been protesting read more…

'I Am Laycon' slated to premiere this February

The reality show which will focus on BBNaija season five winner, Laycon will premiere exclusively on Showmax. Read more…

AGS Quote of The Day

"Confidence comes not from always being right but from not fearing to be wrong."

Peter T McIntyre

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 here to join our community of entrepreneurs and young professionals