Daily Juice
We are on Day 3 of Amazon Week and it has been Fantastic So Far.
Herconomy Updates
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Local Stories
FG loses out, NASS affirms states’ power to collect VAT
The Federal Government’s plan to retain the collection of Value Added Tax despite a Federal High Court ruling, hit a brick wall on Tuesday as the National Assembly rejected, read more…
Senate approves committee’s report on NIPOST Bill
The Senate has approved the conference committee report on the Nigeria Postal Services Act (Repeal and Re-enactment) Bill, 2022. Read more…
NASS passes legislation to separate office of the AGF from Minister of Justice
The National Assembly has passed a bill to separate the office of the Attorney General of the federation from that of the Minister of Justice. Read more…
Max Air begins evacuation of stranded Nigerians today
Max Air on Tuesday confirmed that beginning from today (Wednesday), it would commence the evacuation of Nigerians who were left stranded by the Russia-Ukraine war. Read more…
International Stories
Ukrainian Air Force destroys Russian military convoy with 800 vehicles in Mykolaiv Region
Ukraine’s Air Force, on Tuesday destroyed a large Russian military convoy near the city of Bashtanka in Ukraine’s southern Mykolaiv region. Read more…
Ukraine crisis: Biden threatens to punish Putin over invasion
US President Joe Biden has told Congress that Vladimir Putin badly misjudged how the West would hit back once he invaded Ukraine. Read more…
Apple to halt sales and limit services in Russia
Apple has become the latest major firm to halt all product sales in Russia, in a widening corporate backlash to the country's invasion of Ukraine. Read more…
Tech Updates
Ivorian healthtech startup Susu has $1M to scale its family-centric insurance product across Africa
More Africans now suffer from chronic diseases such as diabetes and hypertension than ever before. A growing population and lifestyle changes, especially around urbanization and food habits, are si... Read more…
Google pulls Russia Today, Sputnik from Play Store as EU ban looms
Google has followed Apple’s lead and removed the apps of Russia Today (RT) and Sputnik from its mobile app Store, Play, per Reuters. The two Kremlin-lined media outlets have been sanctioned I... Read more…
Business Matters
Transport fares rise, filling stations sell petrol above N200
THE cost of transportation is on the increase across the country following the hike in the pump price of Premium Motor Spirit, popularly called petrol, in fillings stations in states. Read more…
Why Nigeria, others’ sovereign debts distress could spread to banks, pension funds, households- IMF
The increase in government debt held by emerging market domestic banks implies that sovereign debt distress could spread to banks, pension funds, households, and other parts of the domestic economy. Read more…
Exchange rate remains stable as Russia-Ukraine war sparks fear of Naira depreciation
The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window. Read more…
Pension: 73,600 informal sector workers register for Contributory Scheme in December 2021
Data shows that 73,600 informal sector workers have registered under the Contributory Pension Scheme as of the end of December 2021. Read more…
EU lists seven Russian banks to be blocked from SWIFT
The European Union has highlighted a total of seven Russian banks that will be excluded from the SWIFT financial-messaging system. Read more…
Nigeria opens bid for 4000MW nuclear power plant
The Federal Government has announced that it has opened bids for the construction of a 4000 MW nuclear power plant. Read more…
Metro
The Headies Award: 15th edition to take place in the United States of America
This year's edition of The Headies will take place in Atlanta on Saturday, Jul 2, 2022. Read more…
NFF to immortalise ‘Thunder’ Balogun 50 years after death
In celebration of the 50th anniversary of former captain and coach of the men’s national team, Teslim ‘Thunder’ Balogun, General Secretary of the Nigeria Football Federation, read more…
Quote of the Day
“Honesty and transparency make you vulnerable. Be honest and transparent anyway.”
—Mother Theresa