AGS NEWS – In today’s hyper-competitive and digitally connected world, businesses across industries are discovering that success is no longer driven by pricing or convenience alone. Instead, brand perception has emerged as a powerful influence on consumer decision-making — shaping … Continue reading Why Branding Now Matters More Than Ever in Business Success
AGS NEWS – Mobility company Moove is reportedly in talks to raise $300 million in fresh funding, a move that could push its valuation beyond $1 billion and earn it unicorn status. The potential funding comes months after Moove acquired … Continue reading Moove in Talks to Raise $300m, Eyes Unicorn Status
AGS NEWS – Debt servicing took up 47% of the Federal Government’s total expenditure in the first nine months of 2024, according to data from the Central Bank of Nigeria (CBN). The government spent ₦8.94 trillion on debt payments during … Continue reading FG services debt with 47% budget vote
Digital financial institution MoniePoint Inc. is providing community pharmacists across Nigeria with innovative payment solutions to enhance access to medication. The microfinance bank has also offered loans to pharmacists under the Association of Community Pharmacists of Nigeria (ACPN) to improve … Continue reading Moniepoint empowers pharmacists with payment solutions
AGS NEWS – Financial technology companies have begun applying levies on electronic transfers into personal and business accounts, in line with Federal Inland Revenue Service (FIRS) regulations. OPay, a leading fintech, informed its customers on Saturday that, starting September 9, … Continue reading Fintechs charge N50 transfer levy on transactions above N10,000
AGS NEWS – Former President Olusegun Obasanjo has warned that those benefiting from the profitable fuel importation business may try to hinder the operations of the Dangote Petroleum Refinery. This statement follows allegations from Aliko Dangote, President of the Dangote … Continue reading Why fuel importers will frustrate Dangote – Obasanjo
AGS NEWS – Nigeria earns about $1.2 billion annually from exporting hides and skin from the livestock sector, according to the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN). The association, which advocates for the welfare of pastoralists, announced that … Continue reading Nigeria generates $1.2bn annually from animal skin export – MACBAN
AGS NEWS – The Federal Government announced on Thursday that converting petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free of charge. This announcement followed the signing of agreements with various companies in Abuja … Continue reading FG provides free CNG conversion for commercial vehicles
AGS NEWS – On Monday, the Nigerian naira experienced a depreciation in both the official and parallel markets. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira fell to 1,523.85 per dollar from the previous close of 1,509.67. NAFEM, … Continue reading Naira falls to 1,523/$ in official market
AGS NEWS – The Federal Government has announced the results of its review of the accelerated stabilization and advancement plan, aiming to inject N2tn into the economy over the next six months. President Bola Tinubu, on Thursday, expressed his administration’s … Continue reading FG unveils N2tn economic revival plan, inaugurates presidential council
AGS NEWS – The Association of Licensed Telecommunications Operators of Nigeria has assured that voice and data services affected by the recent undersea fibre optics cut near the coasts of Cote d’Ivoire and Senegal will be fully restored by Tuesday. … Continue reading Telcos ensure full voice and data service restoration today
AGS NEWS – Female entrepreneurs participating in a United Bank for Africa (UBA) Business Series event have advised Small and Medium Scale Enterprises (SMEs) operators and aspiring business owners to prioritize meeting specific needs and personal development as key steps … Continue reading Female entrepreneurs offer SME advice at UBA business series: Focus on self investment and business structure
Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party, has criticized the Federal Government’s directive for the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales proceeds from the Nigerian National Petroleum Company … Continue reading Atiku opposes FG’s shift of oil revenue management to CBN
Saudi Arabia has announced updated regulations on alcohol as it prepares to inaugurate the first-ever liquor store in the capital, Riyadh. In the strict Islamic country, the sale and consumption of alcohol are strictly prohibited, with violators facing penalties such … Continue reading Saudi Arabia adjusts alcohol regulations with opening of first liquor store
The Nigerian federal government reportedly expended N375.8 billion on electricity subsidies from January to September this year, while power consumers paid a total of N782.6 billion for electricity during the same period. Data from the Nigerian Electricity Regulatory Commission (NERC), … Continue reading Electricity subsidy hits N376 billion as consumers Shell out N783 billion
The Corporate Affairs Commission (CAC) is poised to delist 91,843 companies for non-compliance with the filing of annual returns. The commission, which initially published a list of 94,581 companies in August, reduced the number to 91,843 in its recent update. … Continue reading CAC set to delist over 91,000 companies for infractions
On Saturday, December 9, 2023, agents from the National Drug Law Enforcement Agency (NDLEA) successfully intercepted twelve consignments of cocaine at the Akanu Ibiam International Airport (AIIA) in Enugu. The illicit substances were linked to a Drug Trafficking Organization, and … Continue reading NDLEA arrest businessman with cocaine at Enugu airport
Music streaming giant Spotify revealed its decision to trim its workforce by approximately 17%, citing the need to streamline operations in response to a notable slowdown in economic growth. Despite the positive news in October of a rare quarterly operating … Continue reading Spotify announces 17% workforce reduction in cost-cutting move
A forthcoming boost in pension stipends for pensioners in the federal civil service is on the horizon, as revealed in a report on pension harmonization submitted to the Federal Government by the National Salaries, Incomes and Wages Commission. The expected … Continue reading FG considers pension increase for workers in 2024, says wages commission
The Manufacturers Association of Nigeria (MAN) has underscored the critical importance of creating a conducive business environment for the productive sector to achieve Nigeria’s aspirations of rapid industrialization and economic diversification. Francis Meshioye, the association’s President, made this assertion on … Continue reading Manufacturers in Nigeria say tough business conditions could stop growth
Users of the Bus Rapid Transit (BRT) system have voiced their grievances over the shortage of buses and the daily inconvenience of long queues, urging the government to address the issue by providing more buses. Several commuters expressed concerns about … Continue reading BRT commuters express frustration over bus shortage and lengthy queues
In a bid to support the poultry and fishery (feed mill) sectors, the Kwara State Government has initiated the distribution of maize at a highly subsidized rate, offering it at 44.5% of the market value. A joint statement by Dr. … Continue reading Kwara state offers subsidized maize to poultry and fish farmers
Nigeria’s raw material exports have taken a substantial hit, with a year-on-year decline of N285 billion. The Manufacturers Association of Nigeria has attributed this significant drop to the government’s apparent neglect of the productive sector, calling attention to the consequences … Continue reading Government neglect blamed for N285 billion decline in raw material exports – MAN
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, announced that the telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) surged to 16 percent in the second quarter of … Continue reading NCC Boss: Telecom sector’s GDP contribution soars to 16% in Nigeria
The Australian share market experienced a relatively flat day, closing up by just 0.1% or 6.10 points at 7,121.60 points on Tuesday. Despite the modest increase, the information technology sector played a crucial role in boosting the market. Analyst Tony … Continue reading ASX witnesses strong IT rally during ongoing reporting season
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