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Herconomy Updates
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SME Mall and Herconomy Lightbox Presents
Were you part of our Lightbox session last week? It was quite educational for business owners.
Here is a recap of the previous session.
Muyiwa Femi Pearce will be back this Thursday by 8 pm on zoom with the concluding part of the session and it’s going to be gbas gbos!
If you have any plans of running a business enterprise in Nigeria, you absolutely shouldn’t miss it!!!
Click on the link here to pre-register!
Herconomy is coming to Abuja with a bang!!!
We are so excited!
The count down has begun and we are 3 days from our very first Herconomy Open House in Abuja!
The amazing members of our community in Abuja will be getting the full Open House Experience with amazing food, games and safe, wholesome networking.
Godwin and Charles will be giving tips and tricks and we will also be starting our Abuja forum.
Are you ready to party with Herconomy? Register Below.
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Herconomy Heights is an ultra-modern estate development consisting of 14 two-bedroom maisonettes.
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For more enquiries; send an email to info@herconomy.com.
Conference Report
Did you miss out on our Herconomy Conference and Gala night??
Check out some of the event highlights from the link below.
Share Your Stories With Us!
Dear subscriber, thank you for sticking with us through the years and reading all the news stories we share with you,
For any community to thrive, we need to know more about you and share your stories.
This is why we will like to begin a new segment called Community Spotlight and we would love to highlight all your wins and stories.
Kindly send us a DM on any of our social media platforms or send an email to tolu@herconomy.com to share your stories.
We can’t wait to celebrate with you!
Local Stories
APC primary: Lagos, Borno lose jumbo delegates, party shifts senatorial poll
The refusal of the President, Major General Muhammadu Buhari (retd.), to sign the Electoral Act amendment bill that would have permitted statutory delegates to vote has altered the voting strength of some states. Read more…
Lagos warns against truck pushers, imprisons man for stealing iron
Magistrate T. O. Fashina of the Lagos State Mobile Court, Bolade, Oshodi, has sentenced one Abubakar Sanni to three months’ imprisonment for vandalism and theft of iron rods on Karim Kotun Street, in the Victoria Island area of the state. Read more…
FG projects $289bn local refining in five years
The Federal Government has said it is targeting local refining of over 2.555 billion barrels of crude oil worth over N120trn in the next five years. Read more…
Banky W wins PDP house of representative primaries for Eti-Osa fed constituency
Nigerian singer Bankole Wellington popularly known as Banky W has won the house of representatives primaries for the Eti-Osa Federal constituency under the People's Democratic Party (PDP). Read more…
States groan over delayed revenue sharing, FAAC meets today
The Federation Account and Allocation Committee meeting initially scheduled for last week will now hold on Tuesday and Wednesday. Read more…
Dagogo set to regain freedom, lawyers threaten competent proceedings
The embattled Peoples Democratic Party governorship aspirant in Rivers State, Hon. Farah Dagogo is set to regain his freedom after being in incarceration for almost one month. Read more…
No treatment for Monkeypox, NCDC warns
The Nigeria Centre for Disease Control has said there are no specific treatments available for the monkeypox infection. Read more…
EFCC re-arraigns Dasuki, Yuguda, and others over alleged misappropriation of N23.3 billion
The Economic and Financial Crime Commission (EFCC) has re-arraigned former National Security Adviser, Sambo Dasuki; former finance minister, Bashir Yuguda and three others on 25 counts bordering on misappropriation and receiving fraudulent proceeds to the tune of N23.3 billion. Read more…
International Stories
Zelensky: Kyiv ready for a prisoner exchange with Russia
Ukrainian President Volodymyr Zelensky says Kyiv is ready for a prisoner exchange with Russia "even tomorrow," as he called on allies to continue to put pressure on Moscow. Read more…
Biden: US and India will "continue consulting closely" on Ukraine
US President Joe Biden says he and Indian Prime Minister Narendra Modi — who has been reluctant to condemn Russia's war in Ukraine — would discuss the "brutal and unjustified" conflict on Tuesday. Read more…
Quad Summit: World faces 'dark hour' with Ukraine war, says Biden
The world is "navigating a dark hour in our shared history" with Russia's invasion of Ukraine, US President Joe Biden told key Asian allies. Read more…
Ukraine war: Russian soldier Vadim Shishimarin jailed for life over war crime
A court in Ukraine has jailed a Russian tank commander for life for killing a civilian at the first war crimes trial since the invasion. Read more…
Business Matters
Telecommunications sector drives 3.11% GDP growth in Q1 2022
The Nigerian telecommunication sector has raised the bar further high, with a stellar 14.5% year-on-year growth in real terms. READ MORE
Exchange rate falls at I&E window as FX supply drops
The exchange rate between the naira and the US dollar closed at N420.33/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Read more…
Airbnb to close its domestic business in China
Hospitality company, Airbnb is set to close its operations in China, according to sources. Read more…
Nigeria’s budgeting, procurement processes more transparent –Minister
The Minister of State for Budget and National Planning, Prince Clem Agba, says Nigeria’s budgeting and procurement processes have become more transparent since Nigeria joined the Open Government Partnership, OGP. Read more…
Analysts foresee a lending rate hike as MPC meets today
Financial analysts have said global events such as the rendition among global central banks and the indirect impact of the Russia/Ukraine crisis on domestic inflationary pressures may influence the Monetary Policy Committee’s decision this month. Read more…
Cashless transactions rise by 44%, hit N117.33tn in four months – NIBSS report
Cashless transactions rose by 44 per cent year-on-year to hit N117.33tn in the first four months of 2022, according to data from the Nigeria Inter-Bank Settlement System. Read more…
Tech Updates
Financial experts seek review of blockchain and fintech regulations
Experts and entrepreneurs in the digital space have called for a critical review of Nigeria’s digital economic regulations to meet up with other progressive economies. Read more…
AI supports agile working methods
Artificial Intelligence (AI) is opening up many opportunities for both producers and suppliers. Read more…
Metro
Dismissed policeman bags life imprisonment for defiling nine-year-old pupil
An Ikeja Domestic Violence and Sexual Offences Court on Monday sentenced a dismissed policeman, Mohammed Alidu, to life imprisonment for defiling a nine-year-old schoolgirl in a police barracks. Read more…
Kourtney Kardashian changes her last name to ‘Barker’ on Instagram
American reality TV star Kourtney Kardashian has changed her last name to 'Baker' on Instagram. Kardashian and her drummer hubby Travis Baker had a star-studded wedding over the weekend. Read more…
Quote of the Day
“Courage is the most important of all the virtues because, without courage, you can’t practice any other virtue consistently.”
—Maya Angelou