AGS NEWS – The bears retained control of the Nigerian Exchange on Tuesday, with the All-Share Index experiencing a decline of 1.39%. Investors witnessed a loss of N773 billion driven by sell-offs, leading the market capitalization to settle at N55.04 … Continue reading Equity market sustains loss, sheds N773 billion
AGS NEWS – The Senate has called upon the Federal Government to introduce a food stamps programme as a strategy to mitigate the impact of hunger and food scarcity in the nation. This resolution also includes urging the Federal Ministry … Continue reading Senate urges FG to introduce food stamp to combat hunger
AGS NEWS – The Manufacturers Association of Nigeria (MAN) has strongly opposed the ban imposed by the National Agency For Food and Drug Administration (NAFDAC) on the sale of alcoholic beverages in sachets and Polyethylene Terephthalate (PET) bottles. According to … Continue reading MAN insists NAFDAC’s ban on sachet alcoholic drinks is unacceptable
AGS NEWS – A United States judge has approved a settlement requiring Binance Holdings Ltd (BHL), the world’s largest cryptocurrency exchange, to pay $4.3 billion for breaching anti-money laundering and sanctions laws. The agreement, endorsed by US District Judge Richard … Continue reading Court orders Binance to pay $4.3bn fine for US anti-money laundering violations
AGS NEWS – The Qatari government has declined Nigerian President Bola Tinubu’s request to visit Qatar for a business and investment meeting. They cited the absence of a legal agreement between the two countries as the reason for their refusal. … Continue reading Qatar declines Tinubu’s request for investment and business meeting
AGS NEWS – Fulham manager Marco Silva has praised Nigerian players Alex Iwobi and Calvin Bassey following their team’s 2-1 victory over Manchester United in the Premier League on Saturday. Silva emphasized the importance of Bassey and Iwobi to Fulham, … Continue reading Fulham coach praises Nigerians as ‘Important’ after victory against Man Utd
AGS NEWS – Nigerian musician Kizz Daniel, whose real name is Oluwatobiloba Daniel Anidugbe, recently shared intimate details about his past relationships. During an interactive session with fans on X, he candidly admitted to having been intimate with 67 women … Continue reading So far i’ve slept with 67 women – Kizz Daniel
AGS NEWS – Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has disclosed that the fuel subsidy is imposing a monthly cost of N400 billion on the Federal Government. Speaking in an interview on Channels Television, … Continue reading Nigeria’s finance minister reveals government’s monthly loss of N400bn to fuel subsidy
AGS NEWS – The Federal Government is exploring strategies to ensure prompt loan disbursement to Medium, Small, and Micro Enterprises (MSMEs) within a 14-day timeframe. This initiative aims to alleviate the financial strain on businesses awaiting loan approvals, thereby reducing … Continue reading Federal government targets 14-day MSME loan disbursement
AGS NEWS – The Nigerian Institution of Safety Engineers has pledged collaboration with the government to tackle the issue of building collapses in Nigeria. Seun Faluyi, the newly-appointed Chairman of the Institution, made this commitment during his inauguration ceremony in … Continue reading Safety engineers join forces to combat building collapses
AGS NEWS – The Lagos State Police Command has made a breakthrough in its fight against crime, as operatives successfully apprehended eight suspected armed robbers who were on the police’s wanted list. According to a statement released by SP Benjamin … Continue reading Police arrest eight suspected robbers on wanted list
AGS NEWS – A 27-year-old man named Fatai Sholola has been apprehended by the So-Safe Corps in Sango, Ado-Odo/Ota Local Government Area of Ogun State for allegedly stealing and selling his sister’s husband’s car for N230,000. This was confirmed by … Continue reading Man arrested for stealing inlaw’s car in Ogun
AGS NEWS – Vice Media is set to make significant job cuts and cease publishing on Vice.com, according to a memo from CEO Bruce Dixon. After filing for bankruptcy and being acquired by Fortress Investment Group in May, the company … Continue reading Vice Media stops website publishing, slashes hundreds of jobs
AGS NEWS – The Kwara State Fire Service successfully retrieved the body of a 49-year-old man and rescued a 17-year-old boy from a domestic well in Offa town The man, identified as Fasasi Afeez, and his son Kaleed Afeez from … Continue reading 49 year old father dies while attempting to rescue son from well in Kwara
AGS NEWS – A recent Chainalysis report indicates a significant drop of 29% in money laundered through cryptocurrency exchanges in 2023. The report, released on Thursday, highlights a decrease from $31.5 billion in 2022 to $22.2 billion in 2023. According … Continue reading Cryptocurrency money laundering decreases by $9 billion, according to report
AGS NEWS – During a live media chat on Thursday, Lagos State Governor, Babajide Sanwo-Olu, revealed plans to provide relief to residents grappling with economic challenges. He announced a 25% fare reduction for government-owned transport services and introduced flexible working … Continue reading Sanwo-Olu approves work-from-home policy, implements transport fare reduction
AGS NEWS – Adewale Adeniyi, the Comptroller General of Customs, has declared that the distribution of confiscated food items will kick off this Friday. In a briefing with journalists in Lagos on Thursday, Adeniyi cautioned against the resale of the … Continue reading Customs commence distribution of confiscated food items today
AGS NEWS – The latest GDP report released by the National Bureau of Statistics on Thursday reveals a decline in the nation’s Gross Domestic Product growth, falling to 2.74% in 2023 from 3.10% in 2022. This marks the slowest growth … Continue reading Manufacturing and other sectors struggle as economy hits three-year low
AGS NEWS – Soldiers fired shots as suspected hoodlums seized trucks carrying food supplies in Niger State’s Suleja area, causing chaos on February 22, 2024. Witnesses reported that trailers from Abuja to Kaduna were obstructed by the hoodlums, who stole … Continue reading Soldiers open fire as hoodlums hijack trucks, loot food in Niger state
AGS NEWS – Europe’s largest bank, HSBC, has announced a significant increase in its pre-tax profit, reaching $30.3 billion (£24 billion) in 2023. The surge in profits was fueled by the impact of high interest rates, as central banks globally … Continue reading HSBC reports high pre-tax profits driven by high interest rates
AGS NEWS – Google is urgently addressing issues with its latest AI-powered tool for generating images, following complaints that it was excessively avoiding racial biases. Users reported that the Gemini bot was producing images depicting a diverse range of genders … Continue reading Google responds to ‘Woke’ criticism, plans fix for AI picture bot
AGS NEWS – Actor Devin Ratray, known for his role in ‘Home Alone’, has admitted guilt in a domestic violence case against him. Ratray was arrested following accusations of physical assault against his ex-girlfriend, including pushing, punching, and placing his … Continue reading ‘Home Alone’ actor Devin Ratray pleads guilty in domestic violence case
AGS NEWS – In Ado-Ekiti, a Chief Magistrates’ Court ordered the remand of Saviour Daniel, 25, and David Isaiah, 25, in a correctional facility over the alleged murder of a commercial sex worker. The defendants, whose addresses were unknown, faced … Continue reading Two men arrested for alleged murder of sex worker in Ekiti
AGS NEWS – According to a recent report by the African Development Bank (AfDB), Nigeria’s economic growth is anticipated to remain sluggish in 2024, unlike other West African nations. The report indicates that while growth is projected to reach four … Continue reading Nigeria faces slowest economic growth among west african nations in 2024, says AfDB
AGS NEWS – Nigeria has directed its telecommunications companies to block access to cryptocurrency websites like Binance, OctaFX, and Coinbase. This move comes months after the Central Bank of Nigeria issued guidelines for digital asset operators following a change in … Continue reading Nigeria limits access to Binance and others after lifting crypto ban
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