Daily Juice
Google offers a glimpse of ultra-realistic chat tech
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.
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Together we can achieve a culture of savings for women. What is your number?
Herconomy Conversations
What is your savings story?
We all have that story of who saving saved us.
In line with the launch of our, Each Woman Bring One Campaign, Join this Friday 21st of October by 6 pm as Rayo Ahenmokia A.K.A Lagos House wife a lifestyle influencer and stay-at-home mum shares her saving story with us on Instagram Live.
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Tech Updates
Lagos State Government To Launch A Venture Capital Fund
While speaking to African reporters on the sideline of the just-concluded GITEX 2020 in Dubai, the special advisor to the Lagos state governor on innovation and technology, Olatunbosun Alake, said that the government is planning to launch its own venture capital fund that would “write bigger equity cheques for Nigerian startups than most privately-owned VC.” Read more…
Google offers a glimpse of ultra-realistic chat tech
Google has launched a UK version of an app that lets users interact with the artificial intelligence system one of its engineers has claimed is sentient. Read more…
Business Matters
Again, Airtel investors lose N609 billion in today’s trading
Shareholders of Airtel Africa Plc, one of the major telecommunications companies quoted on the Nigerian Exchange, witnessed a massive loss of about N609 billion today, as the stock continued to consolidate its lead on the losers’ chart due to sustained sell pressure on the stock Read more…
AfDB’s Fashionomics Africa opens for applications, with $20,000 for each winner
African fashion entrepreneurs and businesses are encouraged to apply for the Fashionomics Africa incubator and accelerator programmes through the African Development Bank’s call for proposals. Read more…
Experts project an increase in the cost of 12.5kg of cooking gas due to floods
The cost of filling a 12.5kg cylinder of cooking gas in Nigeria may hit N12,000 or more by November, up from N9,800 as of October 14, 2022. Read more…
CPPE says CBN financing of the fiscal deficit caused Nigeria’s high inflation
The Nigerian Centre for the Promotion of Private Enterprise (CPPE) has claimed that the Central Bank of Nigeria’s financing of the country’s fiscal deficit is responsible for rising inflation. Read more…
PFAs underperform inflation, and MPR in the first 9 months of 2022
Pension Funds Administrators (PFAs) generally underperformed the inflation rate, MPR, and other major indicators used for determining investment performance. Read more…
Nigeria's core inflation rate rise to the highest level in 5 years
Nigeria’s consumer price index (less farm produce) or core inflation rose by 17.6% for the month of September 2022, the highest in 5 years. Read more…
Nigeria exports gemstones worth $3bill yearly says Saraki
Minister of State for Mines and Steel Development, Gbemisola Saraki, said gemstones worth $3 billion are exported yearly from Nigeria but with low-revenue benefit returns. Read more…
LCCI urges FG to privatise electricity transmission company
The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to privatise the Transmission Company of Nigeria and boost the nation’s economy. Read more…
El-Rufai presents N370bn 2023 draft budget
The Kaduna State Governor, Mallam Nasir El Rufai has presented the 2023 draft budget of N370bn to the State House of Assembly. The estimates conformed with his administration’s 60: 40 ratio of capital to recurrent expenditure, its 8th and final budget which ends in May 2023. Read more…
Nigerians pay N1.23tn tax to 36 states
Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020. This is according to data from the States’ Internally Generated Revenue report by the National Bureau of Statistics released recently. Read more…
FG budgets N30bn for Nigeria Air, new projects
The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. Read more…
Quote of Day
“I don’t run away from a challenge because I am afraid. Instead, I run towards it because the only way to escape fear is to trample it beneath your foot.”
—Nadia Comaneci