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Daily Juice
How do you plan on surviving the pressures from the current rise in inflation in Nigeria?
Herconomy Updates
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Under the bed? Naah, it is prone to petty robbers and overspending.
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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 rise in inflation in Nigeria?
Join us today 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! You stand a chance of winning a knowledge deck from our speaker on how to survive inflation.
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!
Herconomy Budget/ Expenses Tracker
Start actively tracking your spending and making better financial choices with the Budget/ Expenses Tracker Template.
Click on the link below to download the template for free!!! or make a copy of it for yourself.
Local Stories
Fuel scarcity: Independent petroleum marketers insist they will not sell petrol above N165
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has insisted that it will not sell Premium Motor Spirit (PMS), otherwise known as petrol above N165 per litre. Read more…
INEC denies extending voter registration and insists on June 30 deadline
The Independent National Electoral Commission (INEC) has denied extending the deadline of the ongoing Continuous Voter Registration (CVR), describing the report that it has agreed to extend the deadline by 60 days as false. Read more…
ASUU strike: FG denies considering multiple payment platforms
The Federal Government, in response to the Academic Staff Union of Universities (ASUU), says it has no plans to introduce a different salary payment platform for the trade unions in tertiary institutions, insisting it won’t pay salaries through the recommended University Transparency and Accountability Solution (UTAS). Read more…
Fuel scarcity: Marketers rally against NNPC’s monopoly
Oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroleum Corporation, NNPC. Read more…
Gunmen kidnap ex-top civil servant in Ekiti
About seven gunmen struck on Wednesday at Orin Ekiti in the Ido/Osi Council Area of Ekiti State and abducted a retired top civil servant identified as Bamisaye, who was working on his farm. Read more…
Ekweremadu is under fire for saying Southeast will not vote for Obi
Nigerians on Twitter have criticised former Deputy Senate President, Ike Ekweremadu, for saying the South-East region will not vote for the presidential candidate of Labour Party (LP), Peter Obi, in the 2023 presidential election. Read more…
723m disbursed to 1,779 Ogun farmers in 2021 – CBN
The Central Bank of Nigeria, the Abeokuta branch, has said that 1779 farmers in Ogun State have benefitted from agricultural loans in 2021. Read more…
Senate moves to resolve Supreme Court crisis, NBA demands accountability
The Senate and the Nigerian Bar Association have waded into the conflict between the Chief Justice of Nigeria, Tanko Muhammad, and Justices of the Supreme Court over issues bothering welfare and working conditions. Read more…
Kogi Assembly passes local government autonomy bill
The Kogi State House of Assembly has passed the Local Government Autonomy bill into law. Read more…
BREAKING: UK police charge two Nigerians for alleged organ harvesting plan
The United Kingdom Metropolitan Police have formally charged two Nigerians with conspiracy to facilitate the travel of another person for organ harvesting. Read more…
International Stories
EU leaders to back Ukraine as a candidate at Brussels summit
Ukraine is set to be approved as an EU candidate at a Brussels summit on Thursday after the European Commission gave the green light. Read more…
New coronavirus subvariants escape antibodies from vaccination and prior Omicron infection, studies suggest
Omicron subvariants BA.4 and BA.5 appear to escape antibody responses among both people who had previous Covid-19 infection and those who have been fully vaccinated and boosted, according to new data from researchers at Beth Israel Deaconess Medical Center, of Harvard Medical School. Read more…
Sri Lanka's economy has 'completely collapsed,' Prime Minister says
Sri Lanka's economy has "completely collapsed," Prime Minister Ranil Wickremesinghe said Wednesday, as the crisis-hit nation faces an increasingly dire situation that has left millions struggling with fuel, electricity and food shortages. Read more…
Afghanistan reels from the deadly earthquake as crisis-hit country struggles for aid
Desperate search and rescue operations were underway in eastern Afghanistan on Thursday following an earthquake that killed more than 1,000 people, a heavy blow for a country already facing a dire economic and humanitarian crisis. Read more…
Business Matters
Investors lose N247.62 billion in two top Nigerian banks year-to-date as sell pressure intensifies
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO Plc since the beginning of the year has resulted in investors of both banks losing about N247.623 billion at the close of trading on 22nd June. Read more…
Canada’s inflation jumps 7.7% in May, the highest since January 1983
Canada’s annual inflation rate skyrocketed to 7.7% in May 2022, the highest since January 1983. Read more…
Domestic foreign transactions on Nigerian Exchange hits N1.506trillion in 5 months
The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months of the year 2022 has recorded a total sum of N1.506 trillion. This record shoots higher against N933.65 billion, which was the total transactions carried out by both domestic and foreign investors in the corresponding period of January to May 2021. Read more…
The NGX continues its bullish run as the market cap grows by over N150 billion
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 56 basis points. Read more…
Telcos shake off SIM-NIN losses, recover 16million subscribers
The telecommunication industry is beginning to shake off the effect of the National Identification Number and Subscriber Identity Module policy as it recovers 16.94 million active subscribers within 11 months, according to data from the Nigerian Communications Commission, NCC. Read more…
Kerosene and gas prices rise 88% in one year – NBS
Primary cooking fuels, kerosene and Liquefied Petroleum Gas, otherwise referred to as cooking gas, recorded an 88 per cent price increase within one year. Read more…
Tech Updates
New Tesla factories losing billions of dollars, Musk says
Elon Musk says Tesla's new factories in Germany and the US are "losing billions of dollars" due to battery shortages and supply disruptions in China. Read more…
Metro
Maradona: Medical staff to be tried for football legend's death
Eight medical personnel are to stand trial accused of criminal negligence in the death of legendary Argentinian footballer Diego Maradona. Read more…
Quote of the Day
“Excellence is a continuous process and not an accident.”
—Abdul Kalam