Daily Juice
Naira falls at official market despite a slight improvement in FX supply
Herconomy Updates
Start Saving with Herconomy Today!
Enjoy…
10% P.A Interest
An accountability savings buddy
Flexible withdrawal periods while still enjoying interest
Abuja Open House Report
Our heartfelt appreciation to our amazing community members that turned up for our very first Open House event in Abuja.
Did you miss out on our Abuja Open House?
Click on the link below to catch up on the pictures and videos of our Abuja community members.
We’ve Got an Amazing New Investment Opportunity for You!
Herconomy Heights is an ultra-modern estate development consisting of 14 two-bedroom maisonettes.
Our goal is to ensure more women gain access to affordable real estate opportunities globally and this is our first step to fulfilling that mission.
For more enquiries; send an email to info@herconomy.com.
Partner Content
Meet our Latest Herconomy Affinity Partner!
The Smilehub is a dental speciality practise that provides a full range of orthodontic services.
Are you an Herconomy Gold member? then Visit them at 120 Awolowo Road Ikoyi, or @thesmilehub on Instagram and enjoy a 10% discount rate on all their services.
Local Stories
Gunmen attack Anambra broadcasting station, set vehicles ablaze, injure staff
Gunmen invaded the premises of Anambra Broadcasting Service (ABS), Awada, and Onitsha station, yesterday, and brutalised some staff members who were on night duty. Read more…
Jonathan was absent as APC screened presidential aspirants
After two weeks of delays and postponement, the governing All Progressives Congress (APC), yesterday, began screening its presidential aspirants. Read more…
Controversial primaries leave Anambra PDP in tatters
The outcome of the primaries of the Peoples Democratic Party, PDP, for the various elective positions for the 2023 elections has left the party in tatters in Anambra State, no thanks to the high tech manoeuvring by some stakeholders, who ensured that some aspirants considered to be heavyweights were completely sidelined. Read more…
Presidential primary screening: APC questions Tinubu, Umahi, Bakare, others on foreign citizenship, consensus
The All Progressives Congress Presidential Screening Committee, which began sitting on Monday, questioned the party’s presidential aspirants on 10 key issues including their dual citizenship status. Read more…
Doubts over abducted train passengers’ rescue, new video surfaces
Security experts have expressed doubt over the ability of the government and the nation’s security operatives to rescue the abducted Kaduna-Abuja train passengers. Read more…
Court admits Okorocha to N500m bail, adjourns till November
A Federal High Court, Abuja, on Tuesday, admitted Sen. Rochas Okorocha to bail in the sum of N500 million with one surety in like sum. Read more…
Gombe lawmaker seeks cancellation of APC primary
Senator representing Gombe South, Bulus Amos, has called for the cancellation of the All Progressives Congress senatorial primary in the district, alleging that the electoral process was hijacked by strange electoral officers. Read more…
International Stories
China sends 30 warplanes into Taiwan's air defence zone
Taiwan says it deployed fighter jets to warn off 30 warplanes sent by China into its air defence zone. Read more…
Russian oil: EU agrees on compromise deal on banning imports
European Union leaders have agreed on a plan to block more than two-thirds of Russian oil imports. Read more…
China, Pacific islands unable to agree on a security pact
China's Foreign Minister Wang Yi on Monday urged the Pacific region not to be "too anxious" about his country's aims after a meeting in Fiji with his counterparts from 10 island nations was unable to agree on a sweeping trade and security communique. Read more…
Handguns: Canada proposes complete freeze on ownership
Canada should introduce a total ban on the buying and selling of all handguns, Prime Minister Justin Trudeau has said. Read more…
Math books outrage China with 'ugly, sexually suggestive, pro-American' images
China has ordered a nationwide review of school textbooks after illustrations deemed ugly, sexually suggestive and secretly pro-American caused public uproar. Read more…
Business Matters
Naira falls at official market despite a slight improvement in FX supply
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters (I&E) window. Read more…
Nigerian companies brave diesel and forex scarcity to post record profits in Q1 2022
Higher inflationary pressures, exchange rate scarcity, and depreciation, did not deter Nigerian companies from making more money. READ MORE
Customs sign e-Customs concession agreement to generate $176 billion in 20 years
The Nigeria Customs Service (NCS) revealed that the implementation of the e-customs project will generate $176 billion in 20 years. Read more…
Bitcoin is on its way to $32,000 as on-chain data suggests net accumulation
Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the $30,000 resistance level it was trading below on Sunday, to now head towards $32,000, a price point not seen in 20 days. Read more…
Oil price rises above $122 per barrel as diesel prices surge further in Nigeria
Crude oil price rose to over $121 per barrel on Monday evening as the increasing price of Automotive Gas Oil (AGO), otherwise known as diesel, persists in Nigeria, with the average cost of the product selling for N780 per litre in some filling stations and as high as N790 per litre in some of them. Read more…
Airfares surge by 52% over forex, jet-A1 crisis
The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in the past 12 months, the National Bureau of Statistics data has shown. Read more…
Tech Updates
Tech Billionaire Brings Down Breakup Plan by Australia’s Biggest Polluter
Mike Cannon-Brookes had opposed AGL Energy’s effort to spin off its coal-fired power plants, arguing those units should be shut down ahead of schedule. Read more…
Metro
Samuel Kanu: Kidnapped Nigerian Methodist Church leader freed
The head of the Methodist Church in Nigeria, Samuel Kanu, has been freed after being abducted on Sunday. Read more…
Quote of the Day
“Failures are made only by those who fail to dare, not by those who dare to fail."
—Lester B. Pearson