Daily Juice
FG refutes dollarisation of flight tickets, upward review of aviation charges
Herconomy Updates
We are Live on Android and iOS
Our Herconomy app is now live on Android and iOS to make saving much easier for you!
Head on to the Google play store and iOS App store to download the app NOW!
And don’t forget to set up your easy save, with as little as 50 Naira.
Do you want to join the Herconomy team?
Herconomy is hiring for the following positions.
Frontend developer
Python developer
iOS developer
Software Tester
Android developer
Please send an email to hr@herconomy.com today to apply if you meet the requirement.
Herconomy X Nuban Beauty
It’s that time of the month again!
Come hang out with Herconomy and Nuban Beauty, this Saturday 27th of August 2022 by 4 pm.
Venue: 39 Ogunlana drive Surulere, opposite TopTee medical centre. Lagos, Nigeria
It is going to be an evening of networking, shopping and a free make-up masterclass!
You also get to enjoy:
15 % discounts on all items purchased at the event.
A chance to win items in a raffle draw.
Make it a date with us this Saturday by registering on the link below!!!
Herconomy Conversations
Have you ever wondered how young millennials and Gen Z make money amidst the worst financial crises that even older people struggle with?
Join us this Friday with our speakers; Jessica Fortunes a Social Media Strategist, Thieloa, and Eniola Olatunji, this Friday 26th of August 2022 by 6 pm on IG Live, as we break the myths on the Gen Z’s and millennials’ hacks to avoid sapa.
Click on the link below to follow us on Instagram so you don’t miss out on this session,
Share Your Reviews With Us!
Have you been saving with Herconomy?
We now have over 3,000 active users on our web app and we would like to know how your experience with us has been.
Thank you for trusting Herconomy to help you achieve your savings goals.
Looking forward to your reviews!
Community Spotlight
For the first time, the eTrade for Women initiative is being organized in Nigeria, a free Masterclass for women digital entrepreneurs based in Anglophone Africa. The event titled ‘Scaling Up Women-Led Digital Businesses, An Opportunity for Africa’s Development will be set up in collaboration with Damilola and will take place in Lagos from the 6th to the 9th of December. It promises to be innovative and enlightening.
The call for applications is now open. This Masterclass is for you if:
You are a woman, and you are the founder/co-founder of your business.
You have a track record of 2 to 5 years in this role.
Innovative technologies and digital tools are at the heart of your business model and operations.
You are based in one of the following countries: Cameroon, Ethiopia, Gambia, Ghana, Kenya, Liberia, Nigeria, Rwanda, Sierra Leone, Tanzania, and Uganda.
You want to make a difference and impact your ecosystem.
If you meet these criteria, you can apply here. Applications will close on 9 September 2022 at 11.59 pm.
Tech Updates
Indian fintech sector now has 14% global funding share, claims report
Indian fintech market has received $29 billion in funding across 2,084 deals to date (January 2017-July 2022), gaining a 14% share of the global funding and the number 2 spot on the deal volume. Read more…
Microsoft aims to "unlock 100,000 opportunities" for people with disabilities with this new partnership
Microsoft has recently collaborated with the non-profit organisation EnAble India to empower persons with disabilities (PwDs) by engaging more than 100 organisations. Read more…
Zoom pares back the annual forecast as revenue growth slows to single digits
Zoom Video Communications shares fell as much as 9% in extended trading on Monday after the video-calling software maker pared back its full-year forecast for earnings and revenue. Read more…
Business Matters
SheVentures resumes 90 days interest-free loans to women-owned SMEs
SheVentures, the unique proposition in support of Nigerian women in business, powered by First City Monument Bank (FCMB), has resumed the disbursement of 90-day zero-interest loans of up to N5m across the country to women-owned Small to Medium Enterprises (SMEs). Read more…
Nigeria-India trade rises to $15 billion in 2022
The trade between Nigeria and India is worth $15 billion and has the potential to reach $40 billion. Read more…
SEC seeks tax exemption on corporate bonds to boost market liquidity
The Securities and Exchange Commission (SEC) has urged the Federal Government to consider its proposal to exempt corporate bonds from the payment of tax. Read more…
FG refutes dollarisation of flight tickets, upward review of aviation charges
The Federal Government, yesterday, refuted claims that international flight tickets had been dollarised, with foreign airlines allegedly rejecting the naira as the currency of the sale. Read more…
Sell-off in NGX Group, others drag indices by N14 billion
Sell-off in the shares of many blue-chip companies, especially NGX Group and African Prudential dragged transactions on the equities sector of the Nigerian Exchange Limited (NGX) downward yesterday, as market capitalisation dipped further by N14 billion. Read more…
Naira depreciates at P2P market to N691/$1 despite 222% surge in forex supply
The exchange rate dipped slightly to close at N429.43/$1 compared to N429.05/$1 recorded on Friday 19th August 2022, representing a 0.09% depreciation. Meanwhile, forex supply surged by 222.3% to $161.94 million from 50.22 million that exchanged hands in the previous trading session. Read more…
Coronation Insurance records N11.51bn H1 gross premium
Coronation Insurance Plc recorded N11.51bn gross premium in the first half of the 2022 financial period from N8.31bn recorded in the corresponding period of 2021. Read more…
Quote of the Day
"The higher your energy level, the more efficient your body. The more efficient your body, the better you feel and the more you will use your talent to produce outstanding results."
—Tony Robbins