Daily Juice
ASUU Updates: We’ve resumed talks with FG, say ASUU, SSANU
Herconomy Updates
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Abuja Open House Report
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Local Stories
Strike: We’ve resumed talks with FG, say ASUU, SSANU
The Academic Staff Union of Universities, Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have said the Prof Nimi Briggs Committee is in negotiation with the unions. Read more…
EFCC arraigns Rochas Okorocha in court over alleged N2.9 billion fraud
The Economic and Financial Crimes Commission has arraigned Senator Rochas Okorocha, the former Governor of Imo State in a federal high court in Abuja. Read more…
No candidate has emerged from the APGA guber primary in Abia — Electoral panel chair
The Chairman of the Electoral Committee for the All Progressive Grand Alliance, APGA, governorship primaries in Abia State, Echezona Etiaba, has refuted speculations and social media reports that a candidate had emerged from the exercise. Read more…
CAN condemn video inciting Muslims against Christians in Taraba
On Sunday, the Christian Association of Nigeria in Taraba State condemned a viral video on social media where an Islamic cleric was heard urging Muslims in the state to stand up and take over political power. Read more…
Ex-Kebbi gov Aliero dumps APC, gives reasons
A former Governor of Kebbi State, Senator Adamu Aliero, has withdrawn from the senatorial contest in the state and dumped the All Progressives Congress for the Peoples Democratic Party with immediate effect. Read more…
Jonathan is not an APC member, says the party’s vice chairman
The National Vice Chairman, North-West of All Progressives Congress, Salihu Lukman, has said former President Goodluck Jonathan is not a party member. Read more…
International Stories
Nepal search and rescue teams locate the remains of 16 passengers of the downed Tara Air flight
Search and rescue teams in Nepal have recovered the bodies of 16 people on board a Tara Air flight that crashed with 22 people on board, authorities said Monday. Read more…
Vietnam's new glass bridge sets Guinness World Record
A glass-bottomed walkway in Vietnam, which opened to much public fanfare in April, has been declared the world's longest bridge of its kind by Guinness World Records. Read more…
Uvalde: the US to review police response to Texas school shooting
The US Department of Justice says it will investigate the police response to last week's mass shooting at a school in Uvalde, Texas, which killed 19 children and two teachers. Read more…
Brazil: Landslides and floods kill dozens
Landslides caused by heavy rains have killed at least 79 people in the state of Pernambuco in Brazil. Read more…
Business Matters
Banks tighten forex access as reserves hit a seven-month low
The country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of Nigeria have revealed. Read more…
Bitcoin crosses the psychological $30k mark boosting other altcoins
After four days of being stalled below the important $30K barrier, the pioneer crypto, Bitcoin, was finally showing signs of life on Monday, and other cryptocurrencies were following suit. Read more…
Nigerian banks’ Non-Performing Loans ratio jumps to 5.3% in April 2022
The Non-Performing Loans (NPL) ratio of commercial banks in Nigeria jumped to 5.3% in April 2022 from 4.84% held in February 2022. This is according to data from the Central Bank of Nigeria. Read more…
Stock market upbeat despite profit-taking, investors gain N596bn
The equities market reversed to the positive movement last week after halting the upward trajectory penultimate week with investors gaining N596 billion at the end of the week’s trading. Read more…
AfCTA: FG pushes for insurance sector protection
The Federal Government has created a measure to enhance the implementation of the African Continental Free Trade Area, AfCFTA, in the insurance industry. Read more…
Electricity update: Nigeria’s energy supply rises to 86.38GWh
Nigeria’s electricity supply recorded a marginal growth of 0.84% on Sunday, 29th May 2022 to 86.38GWh compared to 85.66GWh sent out in the previous day. This is according to information from the Transmission Company of Nigeria (TCN). Read more…
Tech Updates
Musk’s Starlink to disrupt ISP market as hope rises for 25m unserved Nigerians
Following the operational licences handed to Space Exploration Technologies Corp (SpaceX), owned by the world’s richest man, Elon Musk, to operate in Nigeria, there appears to be the hope of connectivity for the about 114 access gaps (communities without telecoms services) in Nigeria. Read more…
The Nigeria-based startup, Beta store raises $2.5 million for African expansion
The Nigerian-based startup, the Beta store has closed a $2.5 million in pre-series A funding to facilitate its expansion to Ghana, the Democratic Republic of Congo, and Cameroon by the end of this year. Read more…
Metro
Comedienne Helen Paul was appointed head of the department at US varsity
Comedienne, Helen Paul, has been appointed as the Head of the Department of Arts, Music and Entertainment at Heart International University, United States. Read more…
Quote of the Day
"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence."
—Helen Keller