Daily Juice
Subsidy hits N1.35tn in four months, NNPC to deduct N672bn
Herconomy Updates
Are you ready for your business to expand?
This month is all about finance and investments!
Our next Lightbox session is all about business owners and entrepreneurs.
How can you prepare your business for investments?
Our speaker and coach for next week are breaking down all you need to know.
Eniola Fashina is a skilled investment associate at The Chrysalis Co which houses The Chrysalis Capital, an emerging market-focused tech fund. She has diverse industry experience in the technology industry, ranging across Fintech, Healthtech, Edtech, and Agtech.
So far, she has provided transaction advisory services to technology companies that have collectively raised over $450m. Eniola is data-driven and keen on helping businesses unlock value.
Join us tomorrow as we get all the tea on how to make your business ready for investments.
Click on the link below and set the date!
Denim For HER Safety!!
Denim Day is started from the story of an Italian rape victim, whose rapist was set free by the Italian Supreme Court because she wore “very very tight jeans”, hence she must have helped him remove her jeans, and it can’t be classified as rape.
Share a video or picture of yourself in Denim/Jeans and tell us how you are helping to stop sexual assault in your circle.
Tag 5 friends to do the same; using the hashtags #denim4hersafety #denimday so we can get your posts and be part of our campaign against sexual assault to air by the end of the month.
Let’s destroy the culture of silence and victim-blaming and end sexual assault.
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Share Your Stories With Us!
Dear subscriber, thank you for sticking with us through the years and reading all the news stories we have been sharing with you,
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We are starting a new segment called Community Spotlight and we should love to highlight all your wins and stories.
Kindly send us a DM on social media platforms or send an email to tolu@herconomy.com to share your stories!
We can’t wait to celebrate with you!
Local Stories
Electoral Act: More commissioners resign as Buhari’s ministers refuse
At least, 13 commissioners have resigned their appointments in Sokoto State ahead of the primary elections in accordance with the Electoral Act, bringing the total number of commissioners that had resigned in order to contest elections to over 60 across the 36 states. Read more…
Osun 2022: We don’t want an inconclusive election -INEC
The Resident Electoral Commissioner in Osun State, Professor Abdulganiyu Raji, has said the Independent National Electoral Commission would conduct an inclusive governorship election in the state. Read more….
Senate rejigs Terrorism Act, outlaws payment of ransom
A bill seeking to amend the Terrorism (Prevention) Act, 2013 and prohibit the payment of ransom to kidnappers in Nigeria has been passed by the Senate. Read more…
Power sector: FG sinks more funds despite low performance
To boost electricity supply, the Federal Executive Council (FEC), presided over by President Muhammadu Buhari, again approved multi-billion naira contracts for the power sector yesterday. Read more…
Akwa Ibom govt resolves Ibeno-Ilaje crisis, distributes relief materials
The Akwa Ibom State Government said it had resolved the communal crisis that erupted on Tuesday, April 19, 2022, between the Ilaje (Yoruba) settlers and the indigenes of Ibeno, in the Ibeno Local Government Area of the state. Read more….
International Stories
In Russian-occupied Kherson, allegations of rape emerge
When Dasha and the other children emerged from their basement and into their newly occupied village it was for food. They were hiding from the Russians, who had fired shots into the air, at cars -- and at people. Read more…
China grapples with political challenges as Covid death toll mounts
For two years, China's Communist Party has enforced a costly regime of strict border quarantines, snap lockdowns, and mass digital tracking in the service of a single goal: Zero Covid cases. Read more….
Russia's tanks in Ukraine have a 'jack-in-the-box' design flaw. And the West has known about it since the Gulf war
Russian tanks with their tops blown off are just the latest sign that Russia's invasion of Ukraine isn't going to plan. Read more…
Business Matters
Subsidy hits N1.35tn in four months, NNPC to deduct N672bn
THE subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 has risen to N675.93bn, the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday showed. Read more…
Telcos plan early deployment of 5G, target H2 2022
NIGERIANS may begin to enjoy 5G services soon as MTN Nigeria plans an early launch of the technology. Read more…
Airfares record 28% increase in one year – NBS
AIR transportation fares rose by 28.26 per cent in one year, according to a new report by the National Bureau of Statistics. Read more…
Consultant to get N853m for Ajaokuta Steel, firm’s concessions – FG
THE Federal Executive Council on Wednesday approved the engagement of transaction advisors for consultancy services for the concession of Ajaokuta Steel Company Limited and the National Iron Ore Mining Complex in Itakpe, Kogi State. Read more…
PENGASSAN moves to stop casualisation in oil industry
The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of casualisation in the oil and gas industry are reduced to a minimal level. Read more…
Tech Updates
The Central African Republic is the first African country to adopt bitcoin
The Central African Republic (CAR) has just become the first African country to adopt bitcoin as a legal tender. Read more….
Samsung profits soar 50% on chip sales
Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the same time a year ago. Read more…
Meta stock jumps nearly 20% despite mixed results
Meta's first earnings of 2022 may have largely fallen short of expectations, but that hasn't really dampened the enthusiasm of its investors. Read more…
Metro
Apprentice flees to Seme as Lagos wife gives birth to quadruplets
An apprentice tyre dealer, Cissé Abdullahi, has solicited the support of the Lagos State Governor, Babajide Sanwo-Olu, and other philanthropists after his wife was delivered a set of quadruplets – two boys and two girls. Read more…
Fire guts TB Joshua’s property destroys tomb shelter
Fire has destroyed the tomb shelter of the late founder of the Synagogue Church of All Nations, Prophet Temitope Joshua, in the Agodo area of Ikotun, Lagos State. Read more…
Yul Edochie welcomes son with 2nd wife
This is the first time the actor will be revealing his son and second wife. Prior to the announcement, the actor was married to May and they have four children. Read more…
Robert Pattinson is set to return as ‘The Batman’ sequel confirmed
Robert Pattinson is set to reprise his role as Gotham's fierce crime fighter as a sequel to The Batman is reportedly in the works at Warner Bros. Studios. Read more…
Missing corps member found dead, NYSC probes killing
A member of the National Youth Service Corps, identified as Stephanie Se-Ember Terungwa, has been found dead in Abuja. Read more…
10 die in Lagos-Ibadan road crashes, FRSC blames speeding
Ten people have lost their lives in separate accidents on the Lagos-Ibadan Expressway. In the first incident, four persons were burnt to death when a commercial bus caught fire at the Fidiwo, Ogun State end of the road. Read more…
Quote of the Day
“Your destiny is to fulfil those things upon which you focus most intently. So choose to keep your focus on that which is truly magnificent, beautiful, uplifting and joyful. Your life is always moving toward something.”
—Ralph Marston