Daily Juice
IMF lowers Nigeria’s growth projection to 3.2%
Herconomy Updates
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Herconomy Media Parley
We hosted a Media Parley yesterday at our office, where we introduced a new way to bank for women with well know media outlets like This Day, The Guardian, Tech Cabal, Nairametrics, Vanguard, and Business Day.
You can check out video clips of the event on our IG stories here and also look out for articles from the above-mentioned media outlets.
Tech Updates
Nigerian health tech startup, Nguvu Health partners with AXA Mansard to expand access to mental health care
Nguvu Health, an online teletherapy platform, on Monday revealed that it has gone into a strategic partnership with AXA Mansard an insurance and asset management firm, to provide affordable healthcare packages especially mental healthcare for companies passionate about their employees well being. This is in commemoration of World Mental Health Day (WMHD) which was held on Monday the 10th of October, 2022. Read more…
Harare Institute of Technology Announces Plan to Launch Zimbabwe’s CBDC
In an apparent shift from its prior anti-cryptocurrency attitude, the Reserve Bank of Zimbabwe, the nation’s central bank, is considering creating a regulatory sandbox for cryptocurrency entrepreneurs. Read more…
Business Matters
IMF lowers Nigeria’s growth projection to 3.2%
The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 per cent projected in its July 2022 report. Read more…
IMF downgrades Nigeria’s growth prospect amid pessimism, tension
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth prospect by 0.2 percentage points to 3.2 per cent in the face of rising uncertainty across the globe. Read more…
‘Pension funds earn 20% from infrastructure investment’
The Managing Director and Chief Executive Officer, of Sigma Pensions, Mr Dave Uduanu, has said Pension Fund Administrators’ investments in infrastructure yielded as high as 20 per cent. Read more…
FG yet to secure 85% foreign railway loan
The Ministry of Transportation said it was yet to secure 85 per cent of the foreign loan component for Kaduna/Kano and Port-Harcourt/Maiduguri rail service projects. Read more…
Air travel grew by 68% in August – IATA
The International Air Transport Association has said that air traffic increased by 67.7 per cent in August 2022, when compared to what was recorded in the same month in 2021. Read more…
Stock investors gain N117bn in bullish trading
The Nigerian stock market opened the trading week on a positive note as gains in BUA Cement Plc and 11 others caused Investors to earn N117bn on Tuesday. Read more…
$11.6m spent on armoured vehicles amid forex scarcity
While the country battled with the shortage of foreign exchange, the Federal Government spent $11.56m on remodelling and refurbishing 107 armoured vehicles which were donated by the Hashemite Kingdom of Jordan. Read more…
Collapsed Lagos port infrastructure missing in the 2023 budget
Nigeria may lose its two major seaports to total infrastructure collapse as the Federal Government excludes Apapa and TinCan Island ports rehabilitation from the 2023 budget presented to the National Assembly last week. Read more…
Africa’s storage and distribution challenges threaten energy security
Exacerbated by the ongoing Russia/Ukraine war, stakeholders are worried over energy security in Africa, as petroleum products infrastructure, especially for storage and distribution, threatens the continent’s growing demand. Read more…
FG receives a draft copy of Nigeria’s trade policy
Minister of Industry, Trade and Investment, Adeniyi Adebayo, yesterday, described the ongoing review of Nigeria’s Trade Policy by his ministry as one of the legacies of the President Muhammadu Buhari administration. Read more…
Abia automates tax certificate processing
Abia State Internal Revenue Service has, in addition to the electronic ticketing ( e-ticketing) system it earlier activated, also introduced the Instant Tax Clearance Certificate ( ITCC) system, which enables taxpayers that require Tax Clearance Certificates ( TCC ) to, on their own, process, download and generate them online from the comfort of their locations anywhere in the world. Read more…
Quote of the Day
“I would maintain that thanks are the highest form of thought and that gratitude is happiness doubled by wonder.”
—Gilbert K. Chesterton