Herconomy Updates
Her- Spaces!!
Are you tired of SCAM investments? Are you tired of investing wrongly?
Then join us on Twitter on today by 8 pm as we break down all the issues and discuss on how to build a healthy investment portfolio.
Don’t forget to set your reminders!
Are you ready for your business to expand?
This month is all about finance and investments!
Our next Lightbox session is all about business owners and entrepreneurs.
How can you prepare your business for investments?
Our speaker and coach for next week are breaking down all you need to know.
Eniola Fashina is a skilled investment associate at The Chrysalis Co which houses The Chrysalis Capital, an emerging market-focused tech fund. She has diverse industry experience in the technology industry, ranging across Fintech, Healthtech, Edtech, and Agtech.
So far, she has provided transaction advisory services to technology companies that have collectively raised over $450m. Eniola is data-driven and keen on helping businesses unlock value.
Join us next Thursday as we get all the tea on how to make your business ready for investments.
Click on the link below and set the date!
Herconomy Open House!!!
Herconomy Open House is coming to the capital city!!
This April we would be having our open house in Abuja, come hang out with us and take a break from your worries.
Click on the link below to register ahead.
Start Saving with Herconomy Today and Enjoy 10% P.A and Free Withdrawals!
It’s time guys!
10% P.A Interest
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Flexible withdrawal periods while still enjoying interest
Share Your Stories With Us!
Dear subscriber, thank you for sticking with us through the years and reading all the news stories we have been sharing with you,
But for any community to thrive, we need to know more about you and share your stories.
We are starting a new segment called Community Spotlight and we should love to highlight all your wins and stories.
Kindly send us a DM on social media platforms or send an email to tolu@herconomy.com to share your stories!
We can’t wait to celebrate with you!
Local Stories
NDLEA marks Kyari’s Maiduguri houses, shopping plaza for investigation
The National Drug Law Enforcement Agency on Monday marked six residential houses and one plaza belonging to the embattled former Intelligence Response Team leader, Abba Kyari, in Maiduguri as being under investigation. Read more…
Lagos businessman battles Osun prince, wife over N6m diesel deal
A businessman, Tonye Fynecontry, has accused an Osun State prince, Gbongboade Ademiluyi, and his wife, Olufunmilayo, of defrauding him of N6.6m. Read more….
Sallah holidays: DSS alleges plot to bomb worship, recreation centres
The Department of State Services (DSS), yesterday, disclosed a plot by criminal elements to bomb worship and relaxation centres during and after the Sallah holidays. Read more….
Presidency: Obi’s camp protests as PDP dumps zoning, begins screening Friday
The opposition Peoples Democratic Party said on Tuesday that all those who had purchased the presidential forms were free to contest its presidential ticket regardless of zones. Read more….
FG targets a reduction in death, malaria prevalence by 2025
The Minister of Health, Dr Osagie Ehanire has said the country was experiencing a decline in the prevalence rate of malaria as recorded in 2015 and 2018 respectively. despite the impact of the COVID-19 pandemic on the health sector. Read more….
Lagos allays fear over flooding in Ilubirin, environs
Lagos State Government, yesterday, allayed fears of residents of Illubirin, Idumagbo and environs on incessant flood being experienced in the areas, assuring that necessary measures, including the pumping of water from waterlogged areas, are ongoing and will effectively manage the flood. Read more…
Lekki-Ikoyi bridge: Lagos makes case for legal right to collect tolls
The Lagos State Government has made its case for its legal right to collect tolls on the Lekki-Ikoyi Link Bridge, stressing that tolling on the link bridge is lawful. Read more…
International Stories
Ukraine war: Russia halts gas exports to Poland and Bulgaria
Russian energy giant Gazprom says it has halted gas exports to Poland and Bulgaria over the countries' refusal to pay for supplies in roubles. Read more….
Singapore executes intellectually disabled man for drug trafficking after rejecting appeal
A man with intellectual disabilities was executed in Singapore on Wednesday, his family's lawyer said, after a long campaign for clemency failed, putting the city-state's zero-tolerance drug laws back under scrutiny. Read more….
A major recession is coming, Deutsche Bank warns
Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a "mild" one. Read more….
Ukraine retains control over "majority of its airspace," UK defence ministry says
Ukraine has maintained control "over the majority of its airspace" some two months into Russia’s invasion, the UK Ministry of Defence (MOD) said in an intelligence update Wednesday. Read more…
Ukraine war to cause biggest price shock in 50 years - World Bank
The war in Ukraine is set to cause the "largest commodity shock" since the 1970s, the World Bank has warned. Read more….
Business Matters
Reps summon Adebayo over MTN’s alleged N2.6tn tax evasion
The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital allowances granted to MTN Nigeria by the Ministry of Industry, Trade, and Investment amounting to N2.6tn. Read more….
10 banks raked in N1.57tn interest income in 2021 – Reports
Ten Deposit Money Banks in Nigeria earned a total of N1.57tn in net interest income last year, up from N1.49tn as of December 31, 2020. Read more….
Firm restates commitment to economic growth, CSR
A manufacturing firm, Godrej Nigeria, says it is committed to the growth and development of the Nigerian economy and corporate social responsibility. Read more…
FG targets 21 million jobs from investments
The Federal Government is planning to generate 21 million full-time jobs through massive investment in social infrastructure and services, the Minister of State, Finance, Budget and National Planning, Prince Clem Agba, said on Monday. Read more….
AB InBev opens application for 2022 programme
The 100+ Accelerator, an incubator program founded in 2018 by AB InBev, has announced that applications for its 2022 Cohort 4 are open. Read more….
Tech Updates
NCC, stakeholders brainstorm on the benefits of blockchain
The Nigerian Communications Commission (NCC), stakeholders in the academia, the public sector and enthusiasts of technology for development, have deliberated on the benefits of emerging technologies such as Blockchain in advancing the economy. Read more…
Elon Musk Bets Twitter Users Will Like a More Freewheeling Platform
Elon Musk has pledged to adopt a more hands-off approach to speech on Twitter Inc., TWTR -1.83% ▼ but a warning Tuesday from a top European regulator shows it may not be as simple as shelling out $44 billion for the social-media platform and taking it private. Read more…
Metro
Teenage in-laws re-arrested for defiling twins during holiday in Rivers
Operatives of the Puff Ader Tactical Unit of the Rivers State Police Command have re-arrested two teenage siblings accused of defiling a set of twins (boy and girl), aged two years, in Aluu community, in the Ikwerre Local Government Area of the state. Read more…
Lagos Keke NAPEP riders protest alleged harassment by MC Oluomo, Istijabah boys
Some tricycle riders on Tuesday staged a protest against the alleged incessant harassment and attacks by armed thugs loyal to the chairman of Lagos State Park and Garages Committee, Musiliu Akinsanya, aka MC Oluomo, in the Command and Merian areas of the state. Read more…
Netflix debuts its first African podcast ‘Never Late |African Time’
Netflix has unveiled a first-look at its first-ever African podcast series titled ‘Never Late| African Time’. Read more…
Wizkid hints on getting $1 million to headline at the Rolling Loud concert in Toronto
Rolling Loud has announced the Nigerian singer as one of three headliners for their first concert in Canada's largest city, Toronto. Wizkid, Dave, and Future are the headliners for the three-day concert, which will take place at Ontario Place, a 15,000-person capacity outdoor concert venue in the heart of Toronto. Read more…
Burna Boy to live stream his Madison Square Garden show on YouTube
The African Giant's 'One Night In Space Concert' will be streamed live on YouTube. Burna Boy is set for another Spaceship experience in the United States after recently touring Europe and selling out the 20,300 capacity Accor Arena in Paris twice, the 13,000 capacity 3Arena in Ireland, and the 9,500 capacity Geneva Arena in Switzerland. Read more….
Quote of the Day
“We are what we repeatedly do. Excellence, therefore, is not an act, but a habit.”
—Aristotle