Daily Juice
Nigeria’s rice import falls by 98.4% to 15 metric tonnes in 7 months
Herconomy Updates
Join the Movement!
On the 1st of October, Herconomy called on women to change the narrative.
In the Herconomy Each Woman Bring One Campaign, we want to get 50,000 women to start saving by December 2022.
Not yet saving with us? Join the movement with these 3 easy steps;
Download the Herconomy app from the buttons below.
Start saving with as little as N100
Share your referral link with all the women you know to join you.
Together we can achieve a culture of savings for women. What is your number?
Herconomy Conversations
What does the Bible say about women and their finances?
This question must have crossed the mind of every woman.
In line with the launch of the Each Woman Bring One Campaign, Herconomy is bringing to you what promises to be a very insightful conversation with Rev. Funke Adejumo as she talks about saving and financial independence for women through the lens of the Bible.
Join us today at 6 pm on Instagram live.
Follow our Instagram page below and turn on notifications so you don't miss this.
Get ready for the biggest Saving event of the year!
The Herconomy World Savings Day Event is a part of our larger Each Woman Bring One Campaign, a movement dedicated to raising a generation of financially dependent women.
This year we are hosting a hybrid event, bringing together stakeholders to share their saving experience with us and how to create an ecosystem that allows women to save and thrive.
Click on the link below to register now!
Tech Updates
Malawi licenses SpaceX to operate Starlink
The Malawi Communications Regulatory Authority (MACRA) has granted SpaceX approval to operate in the country. It will use a local entity named Starlink Lilongwe Limited. Read more…
NCC Rejects Telecoms Operators’ Request for Tariff Increase
The Nigerian Communications Commission (NCC) has rejected the request by telecom operators for an upward review of tariffs, saying that any such decision must be fair to the subscribers and engender healthy competition among service providers. Read more…
Business Matters
Hong Kong stocks plunge on China worries
Hong Kong stocks plunged five per cent to a 13-year low Monday as investors were spooked by Chinese President Xi Jinping’s decision to hand key economic posts to loyalists who back his zero-Covid strategy. Read more…
Why we should encourage West African market integration, by SEC DG
The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda, has said the West African capital markets integration programme aims to create an enabling environment for cross-border transactions in the sub-region. Yuguda stated this at a meeting with the Director General of SEC Ghana, Daniel Tetteh, in Accra. Read more…
Kerosene price soars by 118%, fuels anxiety
Household kerosene may go beyond the reach of poor Nigerians as the price of the commodity has risen by 118 per cent in the last 12 months. Read more…
Stock investors lose N1.7tn in one week
Investors lost N1.7tn at the end of trading on the floor of the Nigerian Exchange Limited last week, following major dips in Airtel Africa Plc, Beta Glass Plc, and NEM Insurance Plc stocks. Read more…
Airfares rose by 96.87% in one year – NBS
The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau noted that the average fare paid by air passengers for specified routes single journey, increased by 96.87% from N36,922.97 in September 2021 on a year-on-year basis. Read more…
Mobile transfers by bank customers hit N12.8 trillion in 9 months
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N12.8 trillion over mobile devices between January and September this year. Read more…
Nigeria’s rice import falls by 98.4% to 15 metric tonnes in 7 months
Nigeria’s rice imports from the Thai Rice Exporters Association (TREA), one of the largest rice exporters in the world, fell by 98.4% to 15 metric tonnes between January and July 2022, as against 957 metric tonnes imported during the corresponding period in 2021. Read more…
Nigerian bonds head towards junk status, experts warn
The operators of the fiscal and monetary policies must devise novel ways of addressing the economic challenges confronting Nigeria will face more credit rating reviews from international bodies. Read more…
Quote of the Day
“Commitment is what transforms a promise into a reality.” —Abraham Lincoln