Daily Juice
Nigeria’s rice import falls by 98.4% to 15 metric tonnes in 7 months
Herconomy Updates
On the 1st of October, Herconomy called on women to change the narrative.
In the Herconomy Each Woman Bring One Campaign, we want to get 50,000 women to start saving by December 2022.
Not yet saving with us? Join the movement with these 3 easy steps;
Download the Herconomy app from the buttons below.
Start saving with as little as N100
Share your referral link with all the women you know to join you.
Together we can achieve a culture of savings for women. What is your number?
Tech Updates
Amazon Web Services Opens Office In Nigeria
A statement on Tuesday by Ms Amrote Abdella, the firm’s Regional Manager, of Sub-Saharan Africa, said the office was to reinforce its commitment to Africa. Read more…
Elon Musk says $8 monthly fee for the Twitter blue tick
Elon Musk has said Twitter will charge $8 (£7) monthly to Twitter users who want a blue tick by their name indicating a verified account. Read more…
Business Matters
Telcos earn N1.92tn from calls, data
MTN and Airtel made N1.92tn from calls and data between January and September 2022. Read more…
Concern over Nigeria’s fiscal crisis
Experts are worried about Nigeria’s fiscal crisis which is hurting Africa’s most populous nation. The 2023 budget sets aside N6.31tn for debt service, which is 30.8 per cent of over N20tn estimated total expenditure for the year. Read more…
Transcorp’s Q3 profit rises by 41.4%
Transnational Corporation of Nigeria Plc’s profit after tax rose by 41.4 per cent as of the end of the third quarter of 2022. A statement from Transcorp on its third quarter financial report ended September 30, 2022, showed it recorded significant improvement across its major income lines. Read more…
CBN eyes stronger digital economy, eNaira grows 190%
The Central Bank of Nigeria is targeting a stronger digital economy to support the growth of the financial systems. This is even as the digital currency, eNaira, records 190.1 per cent growth in transactions relative to its level when it was launched on October 25, 2021. Read more…
Shell to pay Amni’s $4.6m into the court’s account
Justice Akintayo Aluko of a Federal High Court sitting in Lagos has ordered Shell Western Supply & Trading Limited to pay the sum of $4.6m into the account of the court’s deputy chief registrar the sum which the firm keeps for Amni International Petroleum Development Company Limited. Read more…
Nigeria’s rice import falls by 98.4% to 15 metric tonnes in 7 months
Nigeria’s rice imports from the Thai Rice Exporters Association (TREA), one of the largest rice exporters in the world, fell by 98.4% to 15 metric tonnes between January and July 2022, as against 957 metric tonnes imported during the corresponding period in 2021. Read more…
Faculty of the Future initiative grants $50,000 to women for PhDs, post-doctoral research in STEM fields
The Faculty for the Future initiative by the Schlumberger Foundation has announced plans to provide scholarships to women from emerging countries so they can pursue PhD or post-doctoral research in the fields of science, technology, engineering, and mathematics (STEM) at top universities across the world. Read more…
Quote of the Day
“Here I am . . . wanting to accomplish something and completely forgetting it must all end—that there is such a thing as death.”
—Leo Tolstoy