Daily Juice
Traders, buyers groan as food inflation hits 20.60%
Herconomy Updates
We Are Now Live on Android
Yayyyyy! Our Herconomy app is now live on Android!
Click on the link below to download the app and don’t forget to set up your easy save, with as little as 50 Naira.
Herconomy Lightbox Sessions
“Are we heading into a downward time in the economy?” With the recent rise in Nigeria’s inflation, we can bet this question has been on the mind of every Nigerian.
As of today, Nigeria’s inflation rate is at 18.6% which is 20% above the projections of the world bank, this most likely means another increase in the price of food items.
How can we survive this period without starving?
Join us this Thursday with, Lanre Smith, the founder and CEO of WorldBay Tech. Lanre is also an expert in the food and agriculture sector and will be giving us some insight on the necessary steps to take in the face of the rising cost of food.
Click on the link below to pre-register for this session.
Hangout With Herconomy and Bellagrace
This Saturday, we are hosting you for an evening of games, drinks and shopping with Herconomy and Bellagrace.
Enjoy saving as you spend with Herconomy as you get discounts when you shop at our open house events.
Venue: Bella Grace, 32 Opebi road Ikeja.
Date: Saturday 30th July
Time: 4 pm
Make it a date with us and stand a chance to:
Win prizes in a raffle draw.
Purchase select items for a 10k flat rate!
Get 10% off all purchases.
Click on the link below to register now!
Tech Updates
Nigerian startup launches platform
Two entrepreneurs have created a platform to expose Nigerians to local and international job opportunities. The platform, known as YARD, was created as a discourse platform aimed at digitalising the employment process with artificial intelligence. Read more…
Local Stories
Breakaway ASUU faction dissociates self from strike
A breakaway faction of the Academic Staff Union of Universities, the Congress of Nigerian University Academics, has dissociated itself from the ongoing strike in Nigerian universities. Read more…
Adeleke’s camp worries over litigation, woos PDP faction
The camp of the Osun State governor-elect, Ademola Adeleke, is worried over a suit filed by his rival in the Peoples Democratic Party’s primary, Prince Dotun Babayemi, at the Court of Appeal, Akure. Read more…
Kwankwaso unveils running mate, promises to rescue Nigeria
The presidential candidate of the New Nigeria Peoples Party and Kano State ex-governor, Rabiu Kwankwaso, on Monday presented Edo State-born Bishop, Isaac Idahosa as his running mate for the 2023 elections. Read more…
Tinubu to unveil Shettima in Abuja Wednesday
The Presidential Candidate of All Progressives Congress, Asiwaju Bola Tinubu, has rescheduled the presentation of his running mate, Senator Kashim Shettima, for Wednesday. Read more…
International Stories
Heatwave: Ferocious European heat heads north
Western Europe faces more sweltering temperatures on Tuesday as a ferocious heatwave heads north. Read more…
Tourists stuck in China resort city after Covid lockdown
More than 2,000 tourists have been stranded in a Chinese coastal city after a surge in coronavirus cases. Read more…
Ukraine war: Putin to visit Iran in rare international trip
Russian President Vladimir Putin will visit Iran on Tuesday in just his second foreign trip since he launched the invasion of Ukraine in February. Read more…
Business Matters
Traders, buyers groan as food inflation hits 20.60%
Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food inflation figures again recorded an upward tick, moving from 19.50 per cent recorded in May to 20.60 per cent in June. Read more…
Mini revival in the crypto market keeps Ethereum above $1.5K
Growing investors’ optimism about the global economy, central bank monetary tightening, and the Ethereum Merge later this summer caused Bitcoin and other major cryptocurrencies to temper from their Monday rise as Bitcoin reached the $22,800 mark. Read more…
Naira falls to N630/$1 at the black market
The exchange rate between the naira and the US dollar closed at N429.13/$1 at the official Investors and Exporters (I&E) window. Read more…
Aero Contractors to suspend flight operations indefinitely from July 20
Nigeria’s oldest surviving private airline, Aero Contractors, has announced a temporary suspension of passenger flight operations from Wednesday, July 20, due to the impact of the challenging environment on its daily operations. Read more…
Metro
Imo: Protest as gunmen kill seven wedding guests
There was a protest in Imo State on Monday after gunmen suspected to be operatives of Ebubeagu Security outfit allegedly opened fire and killed seven wedding guests. Read more…
Quote of the Day
"The true sign of intelligence is not knowledge but imagination."
—Albert Einstein