Daily Juice
Nigeria, three other top World Bank debtors’ list
Herconomy Updates
We Are Live on Android and iOS🎉
Our Herconomy app is now live on Android and iOS to make saving much easier for you!
Head on to the Google play store and iOS App store to download the app NOW!
And don’t forget to set up your easy save, with as little as 50 Naira.
Herconomy X Google
Is the state of the economy affecting your business? Concerned about the increasing exchange rate? Do you want to power your business to the next level?
Then apply for the Google Hustle Academy Business Bootcamp
To register,
1. Visit www.herconomy.com
2. Click on the Events Tab
3. Select the Google Hustle Academy and proceed to register.
Herconomy Conversations
Join us live on Instagram, today, 9th August 2022 with our founder Ife Durosinmi-Etti, our CTO Rahmat Lasisi and our Associate Product Manager. Opral-Blessed Ogbuigwe as we take you through our new Herconomy app.
Click on the link below to follow us on Instagram so you do not miss out on this session.
Herconomy Lightbox Session
We are all about the entrepreneurs this month.
Have you ever wondered what you can do to ensure your business is successful?
Then join our Lightbox session this Thursday 11th August by 8 pm titled “Keeping Your Business Afloat with Cash Management” with Uwaoma Eizu, who is the lead strategist at Hexavia, as he shares insights on how to keep your business afloat with money management techniques with his over a decade of experience working with start-ups and big businesses.
Click on the link below to register.
Share Your Reviews With Us!
Have you been saving with Herconomy?
We now have over 3,000 active users on our web app and we would like to know how your experience with us has been.
Thank you for trusting Herconomy to help you achieve your savings goals.
Looking forward to your reviews!
Tech Updates
Google is back online after users around the world reported a brief outage
Google was briefly down on Tuesday, with users in the U.S., U.K., Australia, Singapore and elsewhere reporting issues with the search engine, which is owned by Alphabet. Read more…
Axios to sell itself to Cox Enterprises for $525 million
Axios is being acquired by Cox Enterprises, the companies said Monday, with plans to expand the digital news site’s coverage to include more cities. Read more…
Business Matters
Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas the imports of agricultural goods into Nigeria during the same period were estimated at N7.81tn, checks by our correspondent showed. Read more…
Debt servicing to hit N10.43tn, economists slam FG
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper. Read more…
Diaspora Nigerians remit $60.22bn in three years
The Nigerian population in the Diaspora remitted $60.22bn in the three years to boost economic activities and the nation’s external reserves. Read more…
Naira falls to N431/$1 at I&E window despite $115.7 million forex turnover
The exchange rate between the naira and the US dollar closed at N431/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Read more…
Nigeria’s mineral production rises to 89.48 million tonnes in 2021 – National Bureau of Statistics
The National Bureau of Statistics (NBS) has revealed that Nigeria’s mineral production grew by 39.19% in 2021, from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021. Read more…
Rising inflation, power, and forex shortages undermine the consumer goods industry
Rising inflation, shortage of foreign exchange and an overall harsh operating environment have continued to assail the operations of the Consumer Goods sub-sector (CGS) just as the bottom-line of the sector’s listed equities, in the last few months remained subdued, with a gloomy outlook. Read more…
The half-year 2022: Nigerian Exchange investors earn N3 trillion amid global disruptions
Despite the compounding damage from the COVID-19 pandemic and the Russian invasion of Ukraine, which slowed down the global economy, Nigeria’s capital market activities ended positively in the first half (H1) of 2022 as both local and foreign investors on the Nigerian Exchange Limited (NGX) gained about N3 trillion. Read more…
Nigeria, three other top World Bank debtors’ list
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. Read more…
Quote of the Day
"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence."
—Helen Keller