Daily Juice
Stock market records second weekly loss, the index drops by 0.44%
Herconomy Updates
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Herconomy Conversations
Have you ever been at a crossroads of wondering whether your faith and your finances are not working together?
You know, when you have prayed and prayed but it seems your finances are not growing how you except, or maybe you are having a conflict between your faith and source of income and wondering whether they align?
Join the discussion with Herconomy and Anita Adetoye, CEO Anita Brows, who is a successful entrepreneur with several businesses to her name.
We will be discussing Her money and Her faith today ,Monday 19th September 2022.
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Tech Updates
Adobe to acquire Figma in $20bn deal
American computer software company, Adobe, on Thursday, announced that it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. Read more…
Spotify Testing New Interface for Its Now Playing Feature
Spotify is rearranging its app in a new interface redesign. The streaming giant is testing a new interface for its Now Playing interface. Read more
Starlink launch in South Africa pushed to "unknown"
South Africa’s estimated launch date for SpaceX’s high-speed, low-latency satellite Internet service Starlink has been changed from 2023 to “unknown”. Read more…
Business Matters
Over 122K crypto investors get burnt as Bitcoin dips below $19K
The two largest cryptos by market value, Bitcoin and Ether sank heavily on Monday, on high concerns that there would be a global wave of monetary tightening this week that would affect markets from the US to Europe. Read more…
Senate to reduce N12 trillion 2023 budget deficit through Finance Act amendment
The Nigerian Senate which rejected the budget deficit proposal by the Minister of Finance last week disclosed that it plans on tackling it through an amendment of the Finance Act. Read more…
FG secures pipelines with N12.43bn, pays IOCs $4bn
The Federal Government has so far paid $4.04bn to five international oil companies as cash call arrears repayment and has spent N12.43bn this year on pipeline protection and maintenance, it was learnt on Sunday. Read more…
Nigeria’s oil production crashes to 900,000b/d
Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries’ newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000 barrels per day (b/d) last month. Read more…
Debt servicing gulps N6.16tn in 16 months
Debt service gulped N6.16tn in 16 months, according to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper. Read more…
Stock market records second weekly loss, the index drops by 0.44%
The Nigerian Exchange Limited (NGX) recorded a second consecutive weekly decline at the close of transactions last week as losses in Red Star Express and Betaglas pulled the index by 0.44 per cent. Read more…
PenCom assures retirees of prompt payment
The National Pension Commission (PENCOM) has promised that federal retirees would no longer face delays in pension payments after retirement. Read more…
Largest banks in Nigeria by total assets as of H1 2022
Access Bank, Zenith, and FBN Holdings maintained the top spot as the largest banks in Nigeria based on the value of their total assets as of the first half of 2022. Read more…
Mobile transfers by bank customers hit a monthly all-time high of N1.8 trillion in August 2022
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N1.8 trillion over mobile devices in August this year. This came as an all-time high monthly value recorded since the deployment of the mobile inter-scheme platform. Read more…
Quote of the Day
“Be brave to stand for what you believe in even if you stand alone.”
—Roy T. Bennett.