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Fuel Subsidy, 'To Be' or 'Not to Be'? The Times are Uncertain, but Herconomy Enterprise Challenge is not.

Herconomy Updates

Hey there Business Owner, Did You Know the Enterprise Challenge is Still On?

Send to any striving female business owner you know! The opportunity is open once again to get a boost for your business and take it to the next level.

Click on the button below to apply and stand a chance to win a share of N3 Million.

Local Stories

Lagos filling stations shut, queues persist in Abuja, others

Many filling stations were shut on Monday and this led to queues by motorists in the few outlets that dispensed Premium Motor Spirit, popularly called petrol, in Abuja, neighbouring states, as well as in parts of Lagos. Read more…

FG meets with aviation workers, moves to avert strike as ultimatum expires

The Federal Government has commenced moves to avert the impending nationwide strike of aviation workers. Read more…

Reps probe 45 million accounts without BVN with N1.2tn deposit

The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in commercial banks due to the alleged failure to link the account holding the funds to a Bank Verification Number and the Treasury Single Account policy of the Federal Government. Read more…

Portal breakdown: NIMC, telcos meet again, Chinese, Nigerians battle faults, subscribers remain stranded

The technical hitch in the National Identity Number verification portal of the National Identity Management Commission has yet to be resolved about seven days after the unfortunate development, The PUNCH has learnt. Read more…

Buhari won’t sign Electoral Bill if amended for selfish interest – Malami

The Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN), has hinted that the President, Major General Muhammadu Buhari (retd.), may withhold assent, read more…

International Stories

Senegal to receive $5million prize money for first-ever AFCON win

Senegal triumphed over Egypt in the Total Energies AFCON final winning the $5 million prize money. Read more…

Africa needs $484 billion to address economic impact of Covid-19 – Adesina

The Bank Chief says Africa needs $484 billion over the next three years to address the socio-economic impacts of the... Read more…

Ukraine crisis: Macron says crucial days ahead after Putin summit

French President Emmanuel Macron has said the coming days will be crucial to de-escalating the Ukraine standoff, after a meeting with Russia's Vladimir Putin. Read more…

Tech Updates

Reports say African startups raised record-smashing $4.3B to $5B in 2021

Last year was record-breaking for African startups. I know I’m probably starting to sound like a broken record, but the astronomical growth is worth highlighting again and again. In this piece, read more...

DEAL: Reliance Health raises $40 million series B funding to improve healthcare delivery

Reliance Health has raised $40 million in series B funding to improve healthcare quality for patients in Nigeria and abroad. Read more…

177,453 websites were hosted on the .ng domain by December 2021- NiRA

NiRA recorded 177,453 websites on the .ng domain name in December 2021 showing a reduction in the November figure. Read more…

Business Matters

Remove fuel subsidy, official exchange rate, IMF urges FG

Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel. Read more…

IMF attributes Nigeria’s economic recovery to govt policy

International Monetary Fund said that the Nigerian economy was recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. Read more…

GTCO completes acquisition of funds management, pension firms

Guaranty Trust Holding Company Plc said on Monday that it had completed the acquisition of 100 per cent equity stakes in Investment One Pensions Managers Limited and Investment One Funds Management Limited from Investment One Financial Services Limited. Read more…

MTN pays for NCC’s 5G license ahead February 24 deadline

MTN Nigeria has paid the 5G license fee ahead of the February 24 deadline issued by the Federal Government of... Read more…

Metro

Pete Davidson calls Kim Kardashian his ‘girlfriend’ for the first time

Kim and Pete first sparked relationship rumours in Oct 2021. Read more…

Catholic suspends Lagos priest who banned Igbo songs in parish

The Parish Priest of Holy Trinity Catholic Church, Ewu-Owa Gberigbe in Ikorodu, Lagos, Rev. Fr. James Anelu, has been “suspended” for banning Igbo songs and choruses in his parish. Read more…

Quote of the Day

"Honesty is the first chapter in the book of wisdom."
—Thomas Jefferson