Daily Juice

Rising food prices fuelling inflation in Nigeria, others – IMF

Herconomy Updates

More Time to Apply!

The Herconomy Enterprise Challenge deadline has now been shifted till the 17th of December to allow even more female-owned businesses to apply for the grant.

So it’s time, give your pitch your very best shot, go all out and come Wow the team and judges during the finale.

We Are Waiting!

Local Stories

Dowen College: Family demands coroner inquest into son’s death

The family of 12-year-old Sylvester Oromoni (Junior), a pupil of the Dowen College, Lekki, Lagos, who died under controversial circumstances, has demanded a coroner inquest into his death. Read more…

Travel ban: Nigeria, UK may clash, FG alleges action discriminatory

The United Kingdom on Monday justified its travel ban on Nigeria, saying the measure was a temporary measure aimed at protecting its public health. Read more…

Nigeria recorded highest malaria deaths globally in 2020 – WHO

The World Health Organisation, on Monday, said the world was on the verge of a potential malaria crisis. Read more…

International Stories

2022 Beijing Winter Olympics: China criticises US diplomatic boycott

China has condemned a planned US diplomatic boycott of the 2022 Winter Olympics in Beijing and threatened to retaliate. Read more…

Afghanistan: Foreign Office chaotic during Kabul evacuation - whistleblower

The UK Foreign Office's handling of the Afghan evacuation after the Taliban seized Kabul was dysfunctional and chaotic, a whistleblower has said. Read more…

Rohingya sue Facebook for $150bn over Myanmar hate speech

Dozens of Rohingya refugees in the UK and US have sued Facebook, accusing the social media giant of allowing hate speech against them to spread. Read more…

Aurangabad: Indian teen arrested for beheading pregnant sister

Police in the western Indian state of Maharashtra have arrested a teenager suspected of beheading his pregnant older sister. Read more…

Tech Updates

African Blockchain Lab secures $6 million to improve digital asset adoption in Africa

African Blockchain Lab, ABL, has raised $6 million in a series pre-A investment to fund the launch of its crypto wallet VIBRA and boost mass adoption of digital assets in Africa. Read more…

US-based Equinix in talks to acquire Nigeria’s MainOne for $320m

US-based Internet connectivity and Internet data company, Equinix, is currently in the process of acquiring West African connectivity giant, MainOne for $320 million. Read more…

Betting $165 million on Africa’s B2B eCommerce in 2021

While Africa’s eCommerce struggles frequently make the news, investors have bet a combined $165 million on a growing class of startups in 2021. Today on #TechpointDigest, @eruskkii discusses the rise of B2B marketplaces in Africa. Read more…

Business Matters

Nigeria records N8.9tn trade deficit in nine months, expert blames insecurity

Nigeria recorded a negative trade balance of N8.9tn, between January and September, 2021, data from the National Bureau of Statistics have shown. Read more…

Naira falls at official market despite a 119% improvement in forex supply

The exchange rate between the naira and the US dollar closed at N415/$1 at the official Investors and Exporters (I&E) window. Read more…

IPOB: Anger as sit-at-home order grounds commercial activities in Onitsha

Residents of Onitsha in Anambra State on Monday lamented the effect of the sit-at-home order imposed by the proscribed Indigenous People of Biafra in the South East. Read more…

South-East traders petition CBN, allege illegal, spurious bank deductions

The South-East Amalgamated Markets Traders Association has decried what it described as “multiple and indiscriminate charges and deductions on customers” by commercial banks. Read more…

Rising food prices fuelling inflation in Nigeria, others – IMF

The International Monetary Fund says rising food prices is the major factor fuelling inflation in Nigeria and other Sub-Saharan African countries. Read more…

Microsoft pushes for hybrid workspaces

Microsoft has said there is a need to redefine work processes as around 40 per cent of the global workforce is considering leaving their current jobs. Read more…

Nigeria’s Internet subscriptions fall by 12.59 million in one year

The total number of Internet subscriptions in Nigeria has dropped by 12.59 million in one year, according to data obtained from the Nigerian Communications Commission. Read more…

Wikipedia auctions first ever edit as NFT

Jimmy Wales, a co-founder of Wikipedia, is auctioning off a non-fungible token (NFT) of the site’s very first edit. Read more…

Foreign airlines to cut Nigeria flights as sales crash

The travel bans imposed by Canada and the United Kingdom on Nigeria passengers have hit foreign airlines operating in the country, with many of the carriers now perfecting plans to cut flights into Nigeria in coming days or weeks. Read more…

Renewable Energy: Korea to invest $12.3 million for solar mini-grid construction in Nigeria

The South Korean Government has announced that it will invest the sum of $12.4 million for the construction of solar mini-grids in Nigeria. Read more…

Metro

Soldier, lover arrested over 90 rounds of ammunition in Borno

The Borno State Police Command has paraded a woman, Anita Yohanna, who was allegedly arrested with live ammunition while boarding a car to Yola from Askira town, in the Askira Uba Local Government Area of Borno State. Read more…

Quote of the Day

 “You must expect great things of yourself before you can do them.”

Michael Jordan