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Nigeria releases draft guidelines to regulate social media, blogs and online platforms

Herconomy Updates

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Under the bed? Naah, it is prone to petty robbers and overspending.

In your bank account? If you lose your card and/or your phone, it could be easily hacked.

On your bank wallet? Thieves now force people to clear out their accounts at gunpoint.

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MAC & Herconomy Make-Up Training Sessions

This month, MAC Cosmetics in conjunction with Herconomy will be hosting 2 training sessions for the Herconomy community.

We will be having a session at Palms Mall VI and another at Ikeja City Mall, on the 24th and 25th of June respectively.

Interested in learning the basics of everyday Make-up?

Click on the link below to register for free!

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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.

Do You Have Your PVC?

2023 is another election year, and we are barely 6 months away!

While online voter registration has closed, you can still register in person at the closest registration booth to you.

Visit the INEC portal here to check your registration status and other details.

DO NOT CARRY OUT DOUBLE REGISTRATION!!! If you are already registered, you might only be required to update your profile.

Local Stories

Strike: ASUU to sanction non-complying chapters

The Academic Staff Union of Universities has threatened to query universities that have failed to comply with its decision to remain on strike while negotiations with the Federal Government continue. Read more…

Nigeria releases draft guidelines to regulate social media, blogs and online platforms

The Federal Government of Nigeria has released what it called a Draft Code of Practice to guide the operations of Twitter, Facebook, WhatsApp, Instagram, Google, TikTok, and other social media platforms in the country. Read more…

National electricity grid crashes from 3,703MW to 9MW, says FG

Figures obtained on Monday from the Nigeria Electricity System Operator, an arm of the Federal Government’s power transmission company, showed that the national electricity grid actually crashed from a peak of 3,703 megawatts to as low as 9MW on Sunday. Read more…

Obi campaign group decries intimidation of youths at voter registration centres in Lagos, Imo

The Peter Obi Support Network (POSN) has condemned the intimidation of people of South-East origin at voter registration centres in Lagos State and in some parts of Imo State. Read more…

PDP narrows VP choice to Wike, Okowa, Udom

As the major opposition Peoples Democratic Party (PDP) finalises on the running mate to its presidential candidate, former Vice President Atiku Abubakar, today, the party may be considering picking a sitting governor for the Vice President slot ahead of the 2023 presidential election. Read more…

Abia APC risks not presenting candidates for the 2023 elections

The All Progressives Congress (APC) in Abia State may be running the risk of not being allowed to field gubernatorial and other candidates in the coming 2023 general elections unless the leadership takes urgent steps to address the crisis that has engulfed the party. Read more…

Aggrieved pilgrims allege nepotism in Kogi hajj commission

Some aggrieved pilgrims in Kogi State have alleged high-level nepotism in the mode and manner of selection of pilgrims across the state for the 2022 Hajj Pilgrimage to the Holy Land. Read more…

Red Cross warns against the rising global heat wave

The International Federation of Red Cross and Red Crescent Societies has cautioned the general public on the rising cases of heat waves across the globe, which it said were a result of climate change, and thus called for a concerted effort to mitigate its deadly effects. Read more…

International Stories

NI Protocol: UK reveals plans to ditch parts of EU Brexit deal

The UK government has published plans to get rid of parts of the post-Brexit deal it agreed with the EU in 2019. Read more…

January 6 hearing: Trump slams inquiry as 'Kangaroo Court'

Former US President Donald Trump has blasted the congressional inquiry into the Capitol riot as a "Kangaroo Court". Read more…

UN rights chief Michelle Bachelet won't seek a second term after the China trip backlash

The United Nations human rights chief, Michelle Bachelet, said on Monday that she would not seek a second term for personal reasons, refuting speculation that it was a decision linked to blowback over her trip to China last month. Read more…

Fears of Renewed Russian Strikes Hang Over Return to Kharkiv

Ukraine’s second-largest city spent weeks under relentless Russian bombardment that turned swaths of its downtown and outlying districts into rubble. Read more…

Ukrainian prosecutor investigating mass grave near Bucha

The Ukrainian Prosecutor General says that it is investigating the deaths of seven civilians found with their hands tied behind their backs near the Kyiv suburb of Bucha. Read more…

Business Matters

NNPC supplies 1.523bn litres of fuel in three weeks, Abuja queues persist

The latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited, show that the oil firm evacuated 1.523 billion litres of PMS between May 16 and June 5, 2022, in a bid to keep the country wet with fuel. Read more…

Stock market investors gain N158bn

Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased by 0.55 per cent to close the week at 53,201.38 and N28.681tn respectively. Read more…

FG’s borrowing from CBN hits N19tn, inflation may worsen – Report

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn as of December 2021 to N19.01tn as of April 2022. Read more…

Mobile transactions hit N4.86tn in four months – NIBSS

Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019 to N4.86tn in the corresponding period of 2022, according to data from the Nigeria Interbank Settlement System. Read more…

Lagos, Ogun, and Rivers top states with the highest domestic debt stock in Q1 2022

The domestic debt stock of the 36 states in Nigeria, including the federal capital territory rose to N4.84 trillion in the first quarter of 2022, representing an 8.6% increase compared to N4.46 trillion recorded as of the previous quarter. Read more…

Over $100 million exits US crypto funds in anticipation of potential rate hikes

Institutional investors have now offloaded a total of $101.5 million worth of digital asset products last week, which looks to be in anticipation of hawkish monetary policy from the U.S. Federal Reserve according to CoinShares. Read more…

Tech Updates

Microsoft to shut down Internet Explorer on June 15, 2022

Tech giant, Microsoft, will, on Wednesday, June 15, 2022, shut down its iconic browser, Internet Explorer (IE), completely. This means that any window user relying on the browser will have to upgrade to Microsoft Edge to be able to access the internet as the company ends support for IE11. Read more…

Google Suspends Engineer Who Claimed Its AI System Is Sentient

The Tech company dismisses the employee’s claims about its LaMDA artificial-intelligence chatbot technology. Read more…

Metro

'Get set...Greenlight!' Netflix confirms 'Squid Game 2'

Netflix has officially renewed Korean series 'Squid Game' for season two! The streamer made the announcement on Sunday, June 12, with a teaser and a note from DIrector Hwang Dong-hyuk. Read more…

Larry Gaaga appointed Vice President, A&R, at Def Jam Africa

Nigerian record label executive, songwriter, recording artist, and producer Larry Gaaga has been appointed as Vice President, A&R, at Def Jam Africa, a division of Universal Music Group (UMG). Read more…

40 Owo massacre victims get mass burial Friday

The Catholic Diocese of Ondo has fixed Friday, June 17, 2022, for the mass burial of those who lost their lives in the terrorist attack on St. Francis Catholic Church, Owo, Ondo State last week Sunday. Read more…

Quote of the Day

“Forgiveness is the fragrance that the violet sheds on the heel that has crushed it.”
—Mark Twain