AGS NEWS – Experts have called on African governments to strengthen regulations on Artificial Intelligence (AI) to protect the continent’s data sovereignty. At the Nigeria Fintech Week in Lagos, stakeholders warned that foreign companies could exploit African data without proper … Continue reading Stakeholders demand stricter AI laws to secure Africa’s data
AGS NEWS – Sendsprint, a cross-border payments startup operating in the UK, Ghana, Kenya, South Africa and Nigeria, has acquired Nobel Financial Inc., a US-based remittance company, for an undisclosed amount. The acquisition will enable Sendsprint to offer money transfers … Continue reading Sendsprint expands to the US with Nobel Financial Inc. acquisition
AGS NEWS – The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, urged African tax authorities to find local solutions to the continent’s fiscal challenges. He made the call during the African Tax Administration Forum (ATAF) council meeting … Continue reading FIRS chief urges local solutions for Africa’s fiscal issues
AGS NEWS – Jose Mourinho, the former manager of Chelsea, Real Madrid, Inter Milan, and Manchester United, has expressed his interest in coaching a national team in Africa, Europe, or South America. Mourinho, who recently spoke with football expert Fabrizio … Continue reading Mourinho open to coaching national team in Africa, Europe, or South America
AGS NEWS – Nigerian singer David Adeleke, popularly known as Davido, has announced his intention to pivot towards achieving his American dream after establishing himself as a force in the African music industry. In a recent interview with Billboard, the … Continue reading I’ve already conquered Africa; now, i’m chasing the American dream – Davido
AGS NEWS – The Minister of Aviation and Aerospace Development, Festus Keyamo, has refuted claims suggesting that the ministry intends to transfer a firefighting simulator from the Nigerian College of Technology in Zaria, Kaduna State, to Lagos State. In a … Continue reading Keyamo denies plan to move firefighting equipment to Lagos
Yul Edochie, a former Nollywood actor who has transitioned into a cleric, has proclaimed himself as the most attractive pastor on the African continent. This declaration comes after Edochie recently launched his online ministry, The Salvation Ministry. ALSO READ: 2023 … Continue reading Yul Edochie proclaims himself ‘Most Handsome Pastor in Africa
Aliko Dangote, the Nigerian billionaire, has reclaimed his title as the wealthiest individual in Africa, surpassing South African business magnate Johann Rupert, as reported by both Forbes and Bloomberg. According to the Forbes Daily billionaires ranking platform, which monitors daily … Continue reading Dangote reclaims Africa’s Forbes richest man title
The President of the African Development Bank Group, Dr Akinwumi Adesina, has cautioned that a proposed EU carbon border tax could have significant repercussions on Africa’s trade and industrialization efforts. The tax, targeting value-added exports such as steel, cement, iron, … Continue reading Africa faces potential $25 billion annual loss from carbon tax
Ghanaian rapper and singer Desmond Kwesi Blackmore, popularly known as D-Black, has attributed the greater success of Nigerian artists compared to their Ghanaian counterparts to a difference in business approach. According to him, Nigerian artists are driven by business considerations, … Continue reading D-Black explains why Nigerian artists outshine other African artists
Development Finance Institutions, represented by the Association of African Development Finance Institutions (AADFI), are emphasizing the need for concrete strategies to integrate climate-resilient products into African business frameworks. This initiative aims to address climate finance requirements and reduce risks associated … Continue reading AADFI issues warning about Africa 15% GDP loss due to climate change. Read full story!
Dr. Oby Ezekwesili, a former Minister of Education, has emphasized the need for a change in the political culture in Africa, asserting that such a transformation is essential for propelling meaningful development across the continent. She made these remarks during … Continue reading Ezekwesili calls for change in Africa’s political culture
Primate Elijah Ayodele, the leader of the INRI Evangelical Spiritual Church, issued a warning about the potential emergence of new terrorist groups that could pose a significant threat to Africa. He expressed concern that this coalition of terrorists could destabilize … Continue reading Primate Ayodele warns of new terrorist groups emerging slowly in Africa
The upcoming Africa Cup of Nations (AFCON) draw, scheduled to take place in Ivory Coast on Thursday, has the potential to group together powerhouse teams like Nigeria, South Africa, and Morocco, creating what could be termed a “group of death.” … Continue reading Potential AFCON Grouping: Nigeria and South Africa could face Morocco
The Resident Representative of the International Monetary Fund (IMF) for Nigeria, Ari Aisen, has emphasized that lower inflation rates and a more predictable exchange rate are key factors that can attract increased investments into the country. During his appearance on … Continue reading IMF highlights lower inflation and stable exchange rates
Google has appointed Alex Okosi, currently serving as the Managing Director for YouTube in EMEA Emerging Markets, as the new Managing Director for Google in Africa. In his new role, Okosi will oversee Google’s operations in Africa, with a focus … Continue reading Google appoints Nigerian Alex Okosi as MD for Africa
Airtel Africa Plc has reported a loss of $151 million resulting from the harmonization of foreign exchange rates in Nigeria. The telecom company disclosed this information in its second-quarter report filed with the Nigerian Exchange Limited. The loss was primarily … Continue reading Airtel loses $151 million due to Nigeria’s FX rates harmonization
A tragic incident occurred in an informal settlement in Boksburg, near Johannesburg, where toxic gas leaked from a cylinder, resulting in the deaths of at least 16 individuals, including three children. The South African Police Services reported the incident, with … Continue reading Toxic gas leak claims lives of three children and 13 others in South Africa
The Recording Academy, the organizers of the Grammy Awards, has announced the creation of a new category called ‘Best African Music Performance.’ The academy revealed this addition, along with two other categories, in a statement published on its website. The … Continue reading Grammy awards introduces ‘Best African Music Performance’ category to recognize African artists
A recent report by McKinsey titled “Reimagining economic growth in Africa: Turning Diversity into Opportunity” reveals that Nigeria, Egypt, and South Africa were responsible for 65% of Africa’s Gross Domestic Product (GDP) slowdown. The report indicates that if these three … Continue reading Nigeria and other countries contribute to 65% slowdown in Africa’s GDP growth
Villareal’s Nigerian import, Samuel Chukwueze, has been honored with the title of La Liga Best African Player for the 2022/2023 season. Chukwueze’s exceptional performance throughout the season with Villarreal earned him this prestigious accolade. Out of the 37 matches he … Continue reading Chukwueze caims la liga best African player award
In a tweet by British entrepreneur Frank Khalid, Neymar, the Brazilian superstar and Paris Saint Germain forward, expressed his concerns about the commitment of African players to their national teams despite the abundance of talent from the continent. Neymar acknowledged … Continue reading Neymar questions african players’ dedication to national teams, citing club performance
President Bola Tinubu made a significant announcement during his inaugural address in Abuja, stating that his administration would eliminate the subsidy on petroleum products. Emphatically declaring “Subsidy is gone,” Tinubu confirmed that the national budget from June 2023 does not … Continue reading Tinubu announces removal of fuel subsidy
The project will be executed in phases, and the first phase involves the construction of four spacious classrooms, each accommodating 114 students. These classrooms are equipped with modern amenities to promote engaging learning experiences and accommodate larger student populations. The … Continue reading Alumni association enhances University of Lagos engineering facilities
As the incoming administration approaches, the Nigerian currency continues its decline against the US dollar. On Friday, at the Investors and Exporters window, the naira was traded at N464.51 to the dollar, representing a 0.18% increase compared to the N463.67 … Continue reading Naira continues downward slide against Dollar ahead of new administration
AGS NEWS 