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Increase in price of milk, coffee, egg, others, drive food inflation in Nigeria

Herconomy
Aug 18, 2021
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Local Stories

Increase in price of milk, coffee, egg, others, drive food inflation in Nigeria

The prices of food items in the country have been rising persistently, causing anxiety among consumers, even as the latest report from the National Bureau of Statistics (NBS), Read more…

FG owes CBN N15.51tn, borrows N14.86tn under Buhari

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown. Read more…

UNILORIN murder: CCTV captured suspect withdrawing money from victim’s account -Official

A member of staff of the Guarantee Trust Bank, Babatunji Lawal, on Tuesday, revealed the identity of the suspect who withdrew money from the account of late Olajide Blessing, a 300-level student of the, read more…

New judge to sign Igboho aides’ release warrant today

A judge of the Federal High Court in Abuja is expected to sign a release warrant of the 12 detained aides of Yoruba Nation agitator, Sunday Adeyemo, popularly known as Sunday Igboho. Read more…

Nigerian Consulate in New York suspends services

The Consulate-General of Nigeria in New York has announced the suspension of all in-person processing of consular and immigration services for one week, effective Sept. 20 to 27, 2021. Read more…

International Stories

Taliban leaders expected in Kabul

The Taliban's top political leaders have arrived back in Afghanistan from Qatar where many were in exile. Read more…

Afghan girls return to school in Herat after Taliban takeover

Girls wearing white hijabs and black tunics crammed into classrooms in the western Afghan city of Herat just days after the Taliban’s takeover. Read more…

I don't believe Taliban pledge on women's rights, Priti Patel says

Women and girls and persecuted minorities will make up the bulk of the Afghan refugees resettled in the UK, the home secretary has said. Read more…

Cote d’Ivoire starts Ebola vaccination of frontline workers

Cote d’Ivoire has launched Ebola vaccinations for high-risk populations, including health workers and first responders in Abidjan, where an Ebola outbreak was declared on August 14, 2021. Read more…

Haiti earthquake: Death toll reaches nearly 2,000

At least 1,941 people are known to have died in Haiti in Saturday's powerful earthquake - a rise of more than 500 on the previous figure, officials say. Read more…

Business

Naira appreciates at official market as dollar supply decreases marginally

The exchange rate between the naira and the US dollar closed at N411.5/$1 at the Investors and Exporters window, where forex is traded officially. Read more…

Tech Updates

Nigeria’s Central Bank freezes bank accounts of fintech platforms Risevest, Bamboo, Trove and Chaka

The Central Bank of Nigeria has just frozen the bank accounts of Nigerian fintech platforms Risevest, Bamboo, Trove and Chaka for the next six months. Read more…

Nigeria’s proposed technology act seeks to introduce levies, licensing fees, and sentencing for tech companies

The Nigerian Information and Technology Development Agency (NITDA) is proposing amendments to its regulatory Act which will give the agency more control over Nigeria’s budding technology ecosystem.  Read more…

A $400m private equity firm investing in Africa’s digital inclusion

The gaping digital divide between Africa and the rest of the world has never been so obvious as it is right now.  Read more…

Nigerian startup checks out of Afghanistan post Taliban takeover

Yesterday, a horrific video from Afghanistan broke the internet. Hundreds of Afghans, in a desperate bid to flee the country, were captured in the footage running after and clinging to the body of a US Air Force plane as it prepared to depart Kabul airport.  Read more…

Fintech startup, Pngme, closes $15m Series A to increase customer base, expand team

Pngme, a platform that provides financial institutions and fintech startups with users data via its API and machine learning infrastructure, has announced a $15 million Series A. Read more…

Metro

Certificate: Man fights YABATECH for 41 years, dies after victory

OYO State-born pioneer President of the National Association of Nigerian Students, Sunday Oladele, who secured victory after 41 years battled with Yaba College of Technology in Lagos, was planning big for his convocation before he died, his son, Olalekan said on Tuesday. Read more…

See artwork as Tiwa Savage's new EP, 'Water and Garri' is set to feature Nas, Amaarae, Tay Iwar and more

The EP is now available for pre-order. Read more…

AGS Quote of the Day

You must do the things you think you cannot do.

Eleanor Roosevelt

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