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Herconomy Updates
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Dear subscriber, thank you for sticking with us through the years and reading all the news stories we have been sharing with you,
But for any community to thrive, we need to know more about you and share your stories.
We are starting a new segment called Community Spotlight and we should love to highlight all your wins and stories.
Kindly send us a DM on social media platforms or send an email to tolu@herconomy.com to share your stories!
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Partner Content
Shopping Party!!
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DATE: Wednesday 4th of May, 2022
TIME: 10:00am – 7:00pm.
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Remember to share with your friends and family.
Happy holidays!!!
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Local Stories
Subsidy deductions hit states hard, govs owe salaries, workers lament
State workers and pensioners on Sunday lamented they were carrying the burden of a cash crunch in the country with many state governments failing to ensure regular payment of salaries, gratuities and other entitlements. Read more…
NNPP demands justice for slain Bayelsa member
The New Nigeria People’s Party on Sunday condemned the rising spate of killings across Nigeria and the assassination of its member, Sunday Oputu, in Bayelsa State. Read more…
UPDATE: Five dies, 23 rescued as Lagos three-storey building collapses
The National Emergency Management Agency has confirmed the death of five persons as a three-storey building caved in on Ibadan Street, in the Ebute Metta area of the state late Sunday. Read more….
You’ve no jurisdiction over our primaries, PDP tells the court
The Peoples Democratic Party on Friday challenged the jurisdiction of a Federal High Court in Abuja to summon it over its forthcoming presidential primary election. Read more…
Osinbajo gets a high presidential survey rating, Tinubu’s group disagrees
A nationwide survey carried out by the Intellectual Forum on Politics and Governance has shown that Vice President Yemi Osinbajo is the preferred candidate to succeed the President, Major General Muhammadu Buhari (retd.), in 2023. Read more…
Lagos police investigate illegal detention, corruption at SCID
The Lagos State Police Command said it had begun an investigation into allegations of illegal detention and corruption at the State Criminal Investigation Department, Yaba. Read more…
95% of Lagos buildings breach mandatory test, risk collapse –Expert
A building expert, Dr Akinsola Olufemi, has said that 95 per cent of building projects in Lagos State do not comply with mandatory soil testing and are therefore exposed to the risk of collapse. Read more…
International Stories
Ukraine war: the US accuses Russia of depravity and brutality
The US defence department has accused Russian President Vladimir Putin of acting with "depravity" in his invasion of Ukraine. Read more…
Russians plunder $5M farm vehicles from Ukraine -- to find they've been remotely disabled
Russian troops in the occupied city of Melitopol have stolen all the equipment from a farm equipment dealership -- and shipped it to Chechnya, according to a Ukrainian businessman in the area. Read more…
Beijing shuts Universal Studios, bans restaurant dining in a major escalation of Covid restrictions
Beijing has banned all restaurant dining, shut down Universal Studios and ordered residents to provide proof of a negative Covid test to enter public venues in a major escalation of restrictions as a five-day holiday gets underway. Read more…
New Zealand reopens to tourists after a two-year pandemic lockout
New Zealand has reopened its borders to more international visitors after a pandemic lockout of more than two years. Read more….
Business Matters
Blackout hits CBN, army headquarters, others over network vandalism
The headquarters of the Central Bank of Nigeria, the Nigerian Army as well as the Federal Ministry of Finance, among others, suffered blackouts on Sunday due to the vandalism of the power network in the Central Business District of the Federal Capital Territory. Read more…
Nigeria’s inflation may worsen to 16.1% in 2022 – IMF
The International Monetary Fund has projected that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. Read more….
Lagos pays 10,380 retirees N39bn pensions
The Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle, said this during the 93rd retirement bond certificate presentation ceremony of N1.13bn into the Retirement Savings Accounts of 438 retirees of the Lagos State public service on Friday. Read more….
Pension funds now N13.88tn, 61% invested in bonds, T-bills – Report
Total assets under the Contributory Pension Scheme rose by N460bn in three months to N13.88tn in March, according to figures from the National Pension Commission released on Friday. Read more….
Over 50 companies shut down over forex, power crises – Investigation
More than 50 Nigerian manufacturing companies have shut down in the last five years, according to investigations by The PUNCH. Read more….
Tech Updates
Elon Musk wants end-to-end encryption for Twitter DMs
just two days after he announced he would buy Twitter, Elon Musk sent out a deluge of tweets about his plans for the social media platform. One stood out for its broad appeal. Read more…
Google-backed neobank Open becomes unicorn with new funding
India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with new funding round, it said. Read more…
Metro
Blind grandma rescues kids offered for N70,000 to ritualists
Two Akwa Ibom children, Gideon Edet and Kingsley Edet have been rescued from the hands of suspected ritualists by their grandmother, Mrs Bassey Ekong. Read more…
Two die trying to recover phone from the toilet in Kano
A 30-year-old man, Haruna Abdullahi, and 45-year-old Adamu Danjummai died in a pit toilet at Aku Village in Gaya Local Government Area of Kano State while making efforts to recover a cell phone from a pit toilet. Read more….
BBNaija's Khafi receives a final warning from Met Police over a reality TV show
Former Big Brother Naija housemate, Khafi Kareem has been issued a final warning for taking part in the reality TV show. Read more….
Uche Ogbodo clears the air after being accused of supporting Yul Edochie's 2nd marriage
In a post shared via her Instagram page on Sunday, May 1, 2022, the actress said she has never supported polygamy.
According to the mother of two, her heart goes out to the actor's first wife, May, following her husband's shocking revelation. Read more….
Quote of the Day
“You can have anything you want if you want it badly enough. You can be anything you want to be, do anything you set out to accomplish if you hold to that desire with singleness of purpose.”
—Abraham Lincoln