Daily Juice
Twitter Accepts Elon Musk’s Offer to Buy Company in $44 Billion Deal
Herconomy Updates
Her- Spaces!!
Are you tired of SCAM investments? Are you tired of investing wrongly?
Then join us on Twitter on the 27th of April by 8 pm as we break down all the issues and discuss on how to build a healthy investment portfolio.
Don’t forget to set your reminders!
Are you ready for your business to expand?
This month is all about finance and investments!
Our next Lightbox session is all about business owners and entrepreneurs.
How can you prepare your business for investments?
Our speaker and coach for next week are breaking down all you need to know.
Eniola Fashina is a skilled investment associate at The Chrysalis Co which houses The Chrysalis Capital, an emerging market-focused tech fund. She has diverse industry experience in the technology industry, ranging across Fintech, Healthtech, Edtech, and Agtech.
So far, she has provided transaction advisory services to technology companies that have collectively raised over $450m. Eniola is data-driven and keen on helping businesses unlock value.
Join us next Thursday as we get all the tea on how to make your business ready for investments.
Click on the link below and set the date!
Herconomy Open House!!!
Herconomy Open House is coming to the capital city!!
This April we would be having our open house in Abuja, come hang out with us and take a break from your worries.
Click on the link below to register ahead.
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Share Your Stories With Us!
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!
We can’t wait to celebrate with you!
Local Stories
Electoral Act: Amaechi, Ngige, others risk disqualification over failure to resign
There are strong indications that the All Progressives Congress may disqualify political appointees contesting the 2023 elections who have not resigned their appointments. The PUNCH, on Monday, gathered that the party would not risk being disqualified by fielding political appointees in contravention of Section 84 (12). Read more…
NBA seeks judicial independence from executive authority
The Chairman, Nigerian Bar Association, Ado Ekiti Branch, Adeyemi Adewumi, on Monday made case for total independence of the Judiciary by weaning them from dependence on the Executive in terms of appointment and finance to avoid arbitrariness and domination. Read more…
Healthcare: Over 4,000 Edo residents to receive free treatment, surgeries
The Edo State Governor, Godwin Obaseki, on Monday, said his government will sustain efforts at ensuring a resilient and equitable health system to deliver quality health care services to all residents. Read more….
Twitter, Nigeria agreement suffers setback as Musk buys microblogging platform
There are indications that Twitter’s agreement with the Nigerian government will be reviewed in the months as Elon Musk sealed a takeover deal with the firm yesterday at a transaction value of $44 billion. Read more….
NDLEA arrests alleged billionaire drug baron linked to Abba Kyari’s team
The National Drug Law Enforcement Agency (NDLEA), yesterday, announced the arrest of Chief Afam Ukatu, the billionaire drug baron behind the N3b tramadol deal linked to the suspended Deputy Commissioner of Police, Abba Kyari-led Intelligence Response Team, (IRT). Read more….
NIMC server glitch invalidates linked NINs, leaves subscribers stranded
While the reported server crisis/downtime suffered by the National Identity Management Commission (NIMC) a few weeks ago might have been resolved, it has created a new challenge in the financial inclusion ecosystem, both for businesses and individuals. Read more….
International Stories
Ukraine round-up: Russia hits railways as US pledges extra weapons
Russia hit railway infrastructure across Ukraine on Monday with the aim of disrupting foreign weapons supplies, while the US declared it would provide more weapons despite Moscow's objections. Read more….
France election: Macron faces immediate challenges to power after victory
Emmanuel Macron has done something no other French president has achieved before: winning re-election while still being in charge of his own government. Read more….
Beijing tests 20 million residents amid 'fast and furious' Omicron outbreak
Beijing has rolled out mass Covid testing for nearly 20 million residents in most of the city, as authorities race to contain a fresh Omicron outbreak that has sparked panic buying amid fears of a Shanghai-style lockdown. Read more…
Donald Trump held in contempt in New York legal battle
A US judge has held former President Donald Trump in contempt for failing to turn over files for an investigation into his business practices. Read more…
Business Matters
Nigeria has a 70% road infrastructure deficit, says the minister
The Minister of Mines and Steel Development, Olamilekan Adegbite, has disclosed that Nigeria has about 70 per cent road infrastructure deficit while stressing the need for the country to boost local bitumen production. Read more…
Economic recovery: World Bank earmarks $170bn lifelines for Nigeria, others
The President of the World Bank Group, David Malpass, has said the bank is working on a crisis response of around $170bn in financing capacity to address the wide-ranging needs of Nigeria and other crisis-ridden countries between April 2022 and June 2023. Read more…
N100bn UN climate fund inaccessible by Nigeria, others – NiMet
The Nigerian Meteorological Agency on Monday decried the inability of Nigeria and other African countries to access the N100bn United Nations climate fund required to mitigate the impact of climate change in Africa. Read more….
Rising insecurity, naira’s fall worsening business environment – NGF
The Director-General, Nigeria Governors’ Forum, Mr Asishana Okauru, says worsening insecurity and currency depreciation have been adversely affecting the business environment and taxable income in Nigeria. Read more….
Tech Updates
Twitter Accepts Elon Musk’s Offer to Buy Company in $44 Billion Deal
Twitter Inc. accepted Elon Musk’s bid to take over the company and go private, a deal that would give the world’s richest person control over the social-media network where he is also among its most influential users. Read more….
Uber Agrees to Pay Fine for Misleading Users on Cancellation Charges
Technologies Inc. could pay roughly $19 million in penalties in Australia after the country’s competition regulator found it misled riders by warning of cancellation charges even within a designated fee-free window. Read more…
Metro
Twitter: Musk promises free speech after $44bn purchase
Elon Musk has agreed on a deal to buy Twitter for about $44bn. This was confirmed on Monday after Twitter agreed to be taken over at $54.20 a share. Speaking on the motivation behind the deal, Musk revealed that he intends to transform the platform by taking it private. Read more….
Osinachi: Autopsy report out, FCT seeks legal advice
The Federal Capital Territory Police Command on Monday said it transferred the case of the late lead singer of Dunamis International Gospel Centre, Osinachi Nwachukwu, to the Directorate of Public Prosecutions. Read more…
World's oldest person, Kane Tanaka, dies in Japan aged 119
Kane Tanaka, the world's oldest person, has died in Japan aged 119, according to a statement released by the country's Ministry of Health, Labor and Welfare. Read more…
Angelique Kidjo makes Burna Boy blush with lavish praises in a new video
Angelique Kidjo lavished praise on Burna Boy during their recent Instagram live session. Kidjo, a multi-Grammy winner, says hearing a sample of his song on Burna Boy's record made her scream. It gives her goosebumps, she says, to see someone touch her song and take it to a new level - one she couldn't have predicted. Read more…
BBNaija's Laycon slams Federal Government over attitude towards ASUU strike
Former Big Brother Naija housemate Olamilekan Massoud Al-Khalifah Agbeleshebioba popularly known as Laycon has slammed the Nigerian government over the state of the nation. Read more…
Quote of the Day
"Excellence is not a skill, it's an attitude."
—Ralph Marston