Herconomy Updates
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Local Stories
102 die as 17 States record 4,632 Lassa fever cases
Nigeria recorded 102 Lassa fever deaths from a total cumulatively from week 1-52 of 2021 in 38 Local Government Areas, LGAs of 17 States. Read more…
To become president is my lifelong ambition, Tinubu tells Buhari
THE national leader of the All Progressives Congress, APC, Asiwaju Bola Tinubu on Monday said that he has informed President Muhammadu Buhari of his ambition to contest for the position of president in 2023. Read more…
Gunmen kidnap Plateau Deputy Chief of Staff’s wife, health director
Dorcas Vem, the wife of Silas Vem, the Deputy Chief of Staff for Plateau Government House, has been kidnapped by gunmen. Read more…
Parliamentary workers picket National Assembly, protest unpaid salaries, allowances
National Assembly workers, under the auspices of the Parliamentary Staff Association of Nigeria, on Monday, commenced daily picketing of the federal parliament. Read more…
Power generation drops as vandals ground 504MW plant
The Niger Delta Power Holding Company on Monday announced the shutdown of its 504 megawatts Alaoji Power Plant following the vandalism of a part of the Northern Option Pipeline that supplies gas to the power plant. Read more…
FAAN arrests 90 over fake COVID-19 results, others at airports
The Federal Airports Authority of Nigeria on Monday announced that it had arrested 90 persons at the Murtala Muhammed Airport, Lagos, and the Nnamdi Azikiwe International Airport, read more….
International Stories
European Parliament President David Sassoli dies
The Italian was admitted to hospital last month due to a serious complication with his immune system. Read more…
Tech Updates
How Touch and Pay (TAP) got 1.5 million Lagosians to adopt cashless bus rides
It was a busy Thursday afternoon in one of Nigeria’s busiest cities — Lagos. Three young men who needed to go from Ikotun to Agege hopped into the popular yellow buses known as Danfo. Read more…
BFREE’s pre-Series A, instant transfers for Tanzanians, Africa’s startup laws
Nigerian credit fintech startup, BFREE has announced a $1.7 million pre-Series A as the company looks to expand to Asia, South America, Europe, and across Africa. Read more…
Business Matters
Apple paid over $260 billion to app developers in 13 years
Since the launch of its App Store in 2008, Apple has paid more than $260 billion to app developers over the years through the sale of digital goods and services on the App Store. Read more…
CBN may increase interest rate this year, says report
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks, read more…
eNaira casts a dark cloud over West Africa’s single currency, Eco
The launch of Africa’s first digital currency, eNaira, has cast some doubt of hope on West Africa’s single currency. Read more…
Nigeria’s external reserve loses $24 million in first week of 2022
Nigeria’s external reserve dipped $24.3 million in the first week of the year to close at $40.49 billion as of 7th January 2021. Read more…
Crypto investors lose $340 million as Bitcoin drops in 6 straight days
In the wake of the latest price declines in Bitcoin and major altcoins, investors who made leveraged bets in the notoriously volatile markets are suffering a large amount of pain, resulting in about $340 million in liquidations just for today. Read more…
Metro
Man gets genetically-modified pig heart in world-first transplant
A US man has become the first person in the world to get a heart transplant from a genetically-modified pig. Read more…
Quote of the Day
“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking.” – Steve Jobs