Daily Juice

Happy birthday to Ife Durosinmi-Etti and the AGS Tribe App

Herconomy Updates

Happy Birthday to our founder, Ife Durosinmi-Etti

Happy Birthday to a visionary leader and the blueprint of fantastic ideas. May the 33rd floor unlock even more blessings.

The AGS Tribe App is ONE!

It has been exactly a year since we launched our flagship App to provide even more accessible and streamlined opportunities for the socio-economic empowerment of women in our community.

Over 15,000 downloads later we will be adding even more amazing features even as we work hard towards optimizing all the functions and offerings for our beautiful community.

Thank you for sticking with us this far. We can’t wait for the next phase!

Local Stories

Five banks’ interest income drops to N376bn, experts blame CBN cash reserve policy

The combined net interest income of five publicly-quoted commercial banks has declined by N48.69bn in the last one year, according to the financial statements of the lenders analysed by our correspondent. Read more…

FG faults British travel ban, alleges most infected travellers from UK

The Federal Government on Sunday ruled out the possibility of restricting foreign travellers from visiting Nigeria despite travel bans on the country by Canada, the United Kingdom, Indonesia, Singapore and Hong Kong. Read more…

Why weapons purchased with supplementary budget can’t arrive now – CAS

The Chief of Air Staff, Air Marshal Oladayo Amao, says the military is unrelenting in the prosecution of war against terrorists and bandits across the country. Read more…

Reps probe N9bn COVID-19 fund paid into NCDC officials’ accounts

The House of Representatives’ Committee on Public Accounts is investigating the Nigeria Centre for Disease Control for paying part of the N9bn it received as special intervention fund from the Federal Government on COVID-19 into personal accounts of some members of its staff. Read more…

International Stories

Aung San Suu Kyi: Myanmar court sentences ousted leader to four years jail

Ousted Myanmar leader Aung San Suu Kyi has been sentenced to four years in prison, the first in a series of verdicts that could jail her for life. Read more…

Indonesia volcano: Villages buried under hot ash

A huge cloud of hot ash engulfed villages in eastern Java on Saturday when Mt Semeru erupted.

Fourteen people are known to have died and dozens were injured, emergency authorities have said. Read more…

Michigan school shooting suspect and his parents isolated in the same facility and under suicide watch, sheriff says

Following Tuesday's deadly school shooting in Oxford, Michigan, and subsequent manhunt and arrest of the suspected shooter's parents, authorities said the three are being housed at the same facility and monitored under suicide watch. Read more…

Better.com CEO fires 900 employees over Zoom

Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. Read more…

China wants to return to 'zero-Covid.' But cases have been above zero for seven weeks

As the world grapples with the new Omicron coronavirus variant, China is determined as ever to eliminate Covid-19 within its borders -- but it hasn't been able to achieve that ambitious goal for the past seven weeks. Read more…

Tech Updates

With ChatBots Africa, Ronald Tagoe is helping businesses automate customer engagement

Chatbots—artificial intelligence (AI) systems that enable customer engagement via SMS, speech, or chat applications such as Facebook Messenger and WhatsApp. Read more…

Business Matters

Investors lose N598bn as large-cap stocks decline

The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks recorded price losses. Read more…

Bankers’ Committee outlines $100m for National Arts Theatre rehabilitation

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the project aimed at revamping the National Arts Theatre is costing the Bankers’ Committee $100m. Read more…

FG vows to continue illegal structure demolition in FESTAC, eject squatters

The Federal Housing Authority has vowed to continue the demolition of substandard and illegal structures in FESTAC Town, Lagos, adding that some squatters will be relocated. Read more…

Fuel subsidy hits N1.03tn, NNPC to deduct N199bn from federation account

The Nigerian National Petroleum Company Limited has put the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between January and October 2021, at N1.03tn. Read more…

Metro

Eight Lagos children die in locked SUV, police begin probe

The families of eight minors have been thrown into mourning after their corpses were recovered from a Honda Sport Utility Vehicle parked on Adelayo Street, in the Jah-Michael area, Badagry Expressway, Lagos State. Read more…

‘Red Notice’ becomes the most-watched movie on Netflix!

"Red Notice," is now the most-watched movie in Netflix history. Read more…

Joke Silva to play Funmilayo Ransome-Kuti in Bolanle Austen-Peters directed biopic

The veteran actress will star alongside the Kuti children and grandchildren in the forthcoming biopic. Read more…

Quote of the Day

“Keep calm and carry on.”

Winston Churchill