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Kogi introduces levy on every loaf of bread

Herconomy
Nov 13, 2020
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Business

Kogi introduces levy on every loaf of bread

The state ministry of commerce and industry said the levy is aimed at improving the internally generated revenue. But the state chapter of the Association of Master bakers and Caterers of Nigeria (AMBCN) told TheCable on Thursday that the bakers are against the levy. An executive member of the association simply identified as Godfirst said the association has begun moves to meet with the consultant the state charged with collecting the fee. Read more

GAC Motor partners banks, insurance company to launch car credit scheme

The partnering companies are Wema Bank, Access Bank, Ecobank Transnational Plc, Globus Bank, and Sunu Assurance. The automaker said the scheme will give Nigerians the opportunity to own cars with ease by accessing an auto facility with these institutions. Read more

FG to reopen Kano and Port Harcourt airports for international flights

The Nigerian government announced the reopening of the Kano and Port Harcourt airports for international flights. This comes 3 months after Lagos and Abuja airports were reopened for operations. This was disclosed by Musa Nuhu, the Director-General of the Nigerian Civil Aviation Authority (NCAA), during the daily Presidential Taskforce (PTF) on COVID-19 briefing in Abuja on Thursday. Read more

Nigeria not broke, budget to be passed before end of the year – Budget Office

The Director-General of the Budget Office, Mr. Ben Akabueze, has denied he ever said Nigeria was broke to pay salaries and assured Nigerians that the 2021 budget will be passed before the end of the year. He made the clarification during an interview on Channels TV on Thursday. Read more

COVID-19: Gates Foundation donates additional $70 million for affordable vaccines

In a bid to develop and deliver affordable vaccines that will be supplied to everyone globally including residents of low and middle-income countries, the Bill and Gates foundation has further pledged an additional sum of $70 million to achieve the objective. According to Forbes, the latest pledge is sequel to more than $350 million pledges made earlier this year by the foundation to fund development of COVID-19 diagnostics, treatment and vaccines. Read more

COVID-19: FG orders air passengers to pay for repeat PCR tests

The Federal Government has asked potential passengers that will be coming into the country to pay extra for Polymerise Chain Reaction (PCR) tests from a certified private lab listed on the travel portal. This disclosure was made via the Federal Ministry of Information and Culture Twitter handle. Read more

Trump Bans Americans From Investing In Chinese Companies That Support China’s Military

The Trump administration issued an executive order on Thursday afternoon that effectively bans Americans from investing in Chinese companies that support China's military, in a move that further escalates already high tensions between the world's two largest economies. Read more

Social

FreeME Digital CEO, Michael Ugwu acquitted by Ibadan court after 7-year legal battle with iROKO Partners

On November 13, 2020, the CEO of FreeMe Digital, Michael Ugwu took to his Instagram page to announce that he had been acquitted of all charges brought against him by iROKO Partners - led by co-founder and CEO, Jason Njoku. Ugwu was CEO of the now defunct streaming platform, iROKING between August 2012 and October 2013 when he exited his role. Since then, Ugwu and his former employers have been embroiled in a seven-year legal battle. Read more

Toke Makinwa loses in court to ex-husband Maje Ayida in defamation lawsuit

Media girl Toke Makinwa has lost in court to her former husband, Maje Ayida over a lawsuit he filed against her. The fitness expert had sued Makinwa over her book 'On becoming' where she revealed all that happened in their 13-year relationship and how he got his girlfriend pregnant while married to her. Read more

BBNaija's Nina shares photos of her son's face for the 1st time

Former housemate of the reality TV show, Big Brother Naija, Nina Chinonso Onyenobi has for the first time shared photos of her son's face. The reality TV star took to her Instagram page on Thursday, November 12, 2020, where she shared adorable photos of her son, Denzel. Read more

AGS Quote of the day

“You should never feel hopeless. Your road to recovery will be very personal so take what works for you and leave out whatever doesn't.” - C.M. Fraser

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The Platform has 3 focus areas which are:

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

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