Daily Juice
Daily Juice
Fuel shortage hits Lagos as scarcity bites harder in Abuja, Oyo
Herconomy Updates
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Herconomy Lightbox Session
Inflationary pressures and supply chain issues are real and apparently here to stay, so short-term survival takes precedence over long-term growth.
How do you plan on surviving the pressures from the current rises in inflation in Nigeria?
Join us on the 23rd of June on Zoom by 8 pm as we discuss the tips and tricks on how to survive the pressures of inflation.
Click on the link below to pre-register for free!
MAC & Herconomy Make-Up Training Sessions
This week, MAC Cosmetics in conjunction with Herconomy will be hosting 2 training sessions for the Herconomy community.
We will be having a session at Palms Mall VI and another at Ikeja City Mall, on the 24th and 25th of June respectively.
Interested in learning the basics of everyday Make-up?
Click on the link below to register for free!
Local Stories
APC, PDP members in Imo North collapse structures for Obi, LP
Members of the two majority parties in Nigeria, the Peoples Democratic Party and All Progressives Congress in Imo North Senatorial District of Imo State on Sunday collapsed their structures into the Labour Party and pledged their loyalty and support to its presidential candidate, Peter Obi. Read more…
Gunmen attack churches, kill 3 worshippers, kidnap others in Kaduna
Gunmen yesterday attacked worshippers at Maranatha Baptist Church and St Moses Catholic Church in Robuh, Ungwan Aku, and locals at Ungwan Fada, Ungwan Turawa and Ungwan Makama in Rubu General area of Kajuru local government in Kaduna State. Read more…
Fuel shortage hits Lagos as scarcity bites harder in Abuja, Oyo
THERE were indications, weekend, that the fuel shortage noticed in Lagos and its environs would worsen, as independent marketers said they have not been supplied for days. Read more…
Ekiti: IGP lauds electorate, security operatives
The Inspector-General of Police, Usman Baba, has commended the electorate, policemen and other security operatives deployed to provide security during the governorship election in Ekiti State. Read more…
Tinubu returns to Lagos, seeks massive LG votes, hoodlums attack convoy
The presidential candidate of the All Progressives Congress, Asiwaju Bola Tinubu, has expressed his appreciation for the support of Governor Babajide Sanwo-Olu; his Deputy, Obafemi Hamzat; and the Oba of Lagos, Rilwan Akiolu. Read more…
Ogun gunmen take cigarettes, rice, free abducted church leaders
The two worshippers abducted last Monday by gunmen at the Celestial Church of Christ, Oshofa, Wasimi, in the Ewekoro Local Government Area of Ogun State, have been released. Read more…
NCC moves to increase the government’s revenue from the telecom sector
The Nigerian Communications Commission (NCC) has said it would be deploying Revenue Assurance Solutions (RAS) to increase the amount of revenue going to the coffers of the Federal Government from the telecommunications sector. Read more…
ASUU accuses FG of stopping their salaries, insists hunger won’t force them to call off strike
The Academic Staff Union of Universities (ASUU) has insisted that the stoppage of their salaries by the Federal Government will not force them to call off the ongoing strike. Read more…
Ekiti poll: Sanwo-Olu hails Oyebanji, Fayemi over victory
Governor Babajide Sanwo-Olu of Lagos State has congratulated the Ekiti State All Progressives Congress, APC, candidate, Biodun Oyebanji, on his victory at Saturday’s governorship election in the state. Read more…
International Stories
French elections: Macron loses majority as French vote fragments
Less than two months after he was re-elected, Emmanuel Macron lost control of the French National Assembly following a strong performance by a left alliance and the far right. Read more…
China claims successful anti-ballistic missile interceptor test
China successfully conducted an anti-ballistic missile test on Sunday night, according to the country's Defense Ministry. Read more…
North Korea reports 'epidemic' of unidentified intestinal disease after Covid wave
North Korea has dispatched medical crews and epidemiological investigators to a province battling the outbreak of an intestinal disease, state media reported on Sunday. Read more…
Duterte's daughter calls for unity as she is sworn in as Philippine vice president
Sara Duterte-Carpio, daughter of outgoing Philippine President Rodrigo Duterte, was sworn in as the country's 15th vice president on Sunday, calling for national unity following a divisive election campaign. Read more…
Left-wing candidate and former guerrilla Gustavo Petro wins Colombian presidential race
Gustavo Petro will become Colombia's first leftist leader, after winning the country's presidential race on Sunday. Read more…
Ukraine warns of war: Kyiv warns of Russian escalation during EU bid
Ukraine's President Volodymyr Zelensky has warned Russia will intensify its attacks on its country in the coming days, as Kyiv awaits news on its bid to join the EU. Read more…
Dozens were killed and millions were stranded in India and Bangladesh floods
At least 59 people are known to have died in lightning strikes and landslides triggered by severe monsoon storms in India and Bangladesh. Read more…
Business Matters
Nigeria’s VAT revenue rises to N588.6 billion in Q1 2022
Nigeria’s federal government through the Federal Inland Revenue Service (FIRS) generated a total of N588.59 billion as value-added taxes in the first quarter of the year, representing an 18.6% increase compared to N496.39 billion generated in the corresponding quarter of 2021. Read more…
Foreign airlines kick as FG blocks $450m ticket revenue
The International Air Transport Association has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running to $450m (N188.6bn) into their respective countries. Read more…
Investment in FGN Savings Bonds rise 53% to N7.5trn
Investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding period of last year (H1’21). Read more…
Stock investors lose N767bn in one week
Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. Read more…
FG borrowing from the bonds market declines 73.6% to N600bn
The Nigerian financial market has recorded a major shift as the Federal Government and companies pull back from the bonds segment of the market while the equities market recorded a major rebound. Read more…
N13.4bn debt: ‘Restrain Commonwealth Consortium, Agbara Estates’ directors from disposing of assets’
First Bank Nigeria Limited has asked a Federal High Court, sitting in Lagos, to restrain the six former directors of Commonwealth Consortium Limited and Agbara Estates Limited from dissipating the firms’ assets, known as No. 21 Milverton Road, Ikoyi, Lagos, and 21.222 Hectares in Agbara Estates, Phase 3, Agbara, Ogun State, over an N13.42 billion debt, pending the determination of the suit. Read more…
FG, World Bank, AFD to spend $575m on rural roads
The Federal Government has signed a tripartite agreement with the World Bank and the French Development Agency to commit an envelope to the tune of $575m for the construction of rural roads in 13 states in Nigeria. Read more…
Nigeria’s public debt, others hit 50-year high – World Bank
The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high, which is equivalent to more than 200 per cent of government revenues. Read more…
Tech Updates
Amazon to compete with Konga, Jumia as it expands to Nigeria in 2023
American e-commerce giant, Amazon, is set to disrupt the Nigerian e-commerce market as it plans to launch in the country in April 2023. When it launches, Amazon will compete with Konga and Jumia, the two dominant players in the Nigerian e-commerce space. Read more…
Telegram tops 700 million users, launches premium tier
Telegram has amassed over 700 million monthly active users and is rolling out a premium tier with additional features as the instant messaging platform pushes to monetize a portion of its large user base. The firm did not disclose how much it is charging for the premium tier, but the monthly subscription appears to be priced in the range of $4.99 to $6. Read more…
Metro
Police bust Kano imposter blackmailing Facebook lovers with nudes
The Kano State Police Command, on Sunday, said it arrested a suspected social media fraudster, Musa Maje. A statement by the state police spokesperson, SP Abdullahi Kiyawa, said a manhunt for the suspect was launched following public outcry on his activities. Read more…
Billboard announces Wizkid as the longest-charting African artist, 'Essence' as the longest-charting African song
Billboard the official music chart of the United States as announced Wizkid's 'Essence' as the longest-charting African song. Wizkid's fourth studio album 'Made In Lagos' was also confirmed as the longest-charting African album. And together they combined to make Wizkid the longest-charting African artist. Read more…
Quote of the Day
“Your destiny is to fulfil those things upon which you focus most intently. So choose to keep your focus on that which is truly magnificent, beautiful, uplifting and joyful. Your life is always moving toward something.”
—Ralph Marston