Daily Juice
Scarcity hits Lagos, Abuja, fuel sells N180/litre as NNPC cuts supplies
Herconomy Updates
Start Saving With Herconomy
Yayyy 🎉 We are so excited, can you tell?
Finally, the Herconomy savings app will soon be available for download on the Google play store, for our android users!
Our Andriod users are you ready?? Details on the download link will be shared soon, Stay tuned.
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 on Zoom by 8 pm this Thursday, 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 on how to survive inflation from our speaker.
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
Scarcity hits Lagos, Abuja, fuel sells N180/litre as NNPC cuts supplies
Fuel queues hit major cities of Lagos, Abuja and Ogun on Monday, forcing motorists to spend hours at filling stations. Read more…
Court stops INEC from ending voter registration
The Federal High Court in Abuja has stopped the Independent National Electoral Commission (INEC) from ending voter registration on 30 June 2022. Read more…
Put Adamawa gov candidate on notice, court tells Ribadu
Justice Abdulaziz Anka of the Federal High Court in Yola on Monday said he would not hear the suit by a former Chairman of the Economic and Financial Crimes Commission, Nuhu Ribadu, against the governorship candidate of the All Progressives Congress in Adamawa State, Senator Aishatu Ahmed, and the Independent National Electoral Commission, if the candidate was not put on notice. Read more…
No law for placeholders in lieu of running mates — INEC
The Independent National Electoral Commission, INEC, has dismissed the concept of “placeholder” for vice-presidential candidates as illegal, saying it “has no place in Nigeria’s constitutional and legal framework.” Read more…
2023: Benue South pledges full support to PDP despite losing governorship ticket
The lawmaker representing Benue South Senatorial District, Senator Abba Moro has restated that the people of District, also known as Zone C, would not ditch the Peoples Democratic Party, PDP, despite their failed attempt to have the governorship position ceded to the zone. Read more…
Child Labour Day: FIDA urges Kano govt to domesticate child rights act
As the world marks International Child Labour Day, the International Federation of Women Lawyers, FIDA, Kano State branch, has called on the state government to expedite action at domesticating the child right act to address issues of domestic violence among others against the children. Read more…
Strike: ASUU says FG yet to respond to reports of renegotiation committee
The Academic Staff Union of Universities (ASUU) has revealed that it is yet to get any feedback after its discussion with the Professor Nimi Briggs-led Federal Government renegotiation committee on the 2009 agreements. Read more…
EFCC charged Macmillan Nigeria publisher over alleged $156,700 fraud
The Economic and Financial Crimes Commission (EFCC) has charged Prof. Adesanya Adelekan, Macmillan Nigeria Publisher over alleged $156, 700 book fraud. Read more…
Sanwo-Olu orders probe of attack on journalists
Lagos State Governor, Babajide Sanwo-Olu, has ordered an investigation into Sunday’s attack on journalists on Lagos Island that left some injured and the press crew bus badly damaged. Read more…
NDLEA rehabilitates over 11,000 drug users, and arrests 10 barons, says Marwa
The National Drug Law Enforcement Agency (NDLEA) has rehabilitated over 11,000 drug users, arrested 10 drug barons and convicted one of them between 2021 and 2022. Read more…
International Stories
Anxious times for Sweden's Kurds as the country attempts to join NATO
At the Kurdish Fine Arts Association on the outskirts of Gothenburg, Nawzad Bahir and his neighbours were preparing for their summer carnival. Read more…
France elections: Macron to meet rival parties after losing the majority
French President Emmanuel Macron will meet political opponents on Tuesday after his coalition failed to win a majority in parliamentary elections. Read more…
Israel heading to polls as coalition moves to dissolve parliament
Israel is set to hold a fifth general election in under four years after its fractured coalition government concluded it could not survive. Read more…
Hong Kong: Iconic floating Jumbo restaurant sinks
A floating restaurant that was a famous Hong Kong landmark has sunk, days after it was towed away from the harbour where it operated for nearly 50 years. Read more…
Hundreds of thousands were affected by floods, and landslides as the heaviest rain in 60 years hit southern China
Almost half a million people have been affected by floods and landslides in the Chinese province of Guangdong, according to authorities, after parts of southern China were hit by the heaviest downpours in 60 years over the weekend. Read more…
Russian journalist's Nobel medal sells for $103.5m
The Russian editor-in-chief of the independent newspaper Novaya Gazeta has auctioned off his Nobel Peace Prize medal for $103.5m (£84m). Read more…
Business Matters
African airlines to lose $700 million in 2022 due to inflation, others – IATA
African airlines are expected to lose about $700 million in 2022, as their demand is expected to reach 72% of the pre-COVID level. Read more…
Bitcoin investors record losses of over $7 billion in recent market sell-off
Data from blockchain analytics firm, Glassnode, reveals that investors exited bitcoin positions worth a record $7.3 billion over the past few days, amounting to the biggest U.S. dollar-denominated losses in the asset’s history. Read more…
Naira closes flat at the official market as FX supply crashes to $46.1 million
The exchange rate between the naira and the US dollar closed at N421.33/$1 at the Investors and Exporters (I&E) window. Read more…
Nigerian banks pay N163.58 billion as salaries in Q1 2022
Thirteen listed commercial banks paid a sum of N163.58 billion as personnel expenses in the first quarter of 2022, an increase of 14% when compared to the N143.48 billion paid to their staff in the corresponding period of 2021. Read more…
Equities market opens the week with N550bn loss
Specifically, the market capitalisation shed N550 billion or 1.97 per cent to close at N27.364 trillion against N27.914 trillion posted on Friday. Read more…
FG orders DisCos to resume free meter distribution
The Federal Government has given instructions to electricity distribution companies to resume the Meter Assets Providers programme, recently slowed down by the National Mass Metering Programme. Read more…
Tech Updates
TikTok moves US users' data to Oracle servers to address security concerns
TikTok has moved its US user data to Oracle's cloud platform, the short-form video app announced Friday. The decision addresses concerns from US officials that the social media company's Chinese ties could pose national security risks. Read more…
Metro
Sexual misconduct: OAU, UNIABUJA dismiss four profs, 14 others
No fewer than 18 lecturers in the nation’s tertiary institutions have been indicted and dismissed over sexual misconduct in one year. Read more…
RHOL: Housewives set to return to the screens for a Reunion show
According to co-Executive Producer Darey Art Alade, episodes of the Reunion show will launch on Showmax two weeks after season one wrapped on Friday, June 17. Read more…
Quote of the Day
“Forgiveness is the fragrance that the violet sheds on the heel that has crushed it.”
—Mark Twain