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Happy International Men's Day. Black Panther fans miss Chadwick Boseman as his character will no longer be appearing in the MCU

Herconomy Community News

Happy International Men’s Day

Herconomy Enterprise Challenge 2021 is Here!

Our Annual Enterprise Challenge is back!

Winner: N1.5 million Grant, Mentorship, Work Space

1st Runner Up: N1 million Grant, Mentorship & Workspace

2nd Runner Up: N500,000, Workspace

Click the link to apply!

Steps to participate:

1. Repost the flier on your page and tag your friends to also apply.

1. Follow @herconomy.

2. Fill out the application form here.

3. Use the Hashtags #herconomy2021

The deadline for application is the 30th of November 2021

Terms and Conditions Apply.

Local Stories

FG to begin disbursement of N655bn bridge financing

The Minister of Finance, Budget and National Planning, Zainab Ahmed, informed the National Economic Council on Thursday, that the Bridge Facility is now being processed by the Central Bank of Nigeria. Read more…

Obasanjo advocates Made-in-Africa brand

A former President of Nigeria, Chief Olusegun Obasanjo, has called for a special ‘Made-in-Africa’ brand to promote intra-African trade and boost the export of products made on the continent. Read more…

BoI offers funding opportunities for startups

The Bank of Industry has unveiled new funding opportunities for tech startups with creative solutions to problems faced by Nigerians. Read more…

Fuel marketers predict N170/litre, claim supply drop, NNPC disagrees

The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its depot price is projected to increase from N159/litre to N165/litre, oil marketers said on Thursday. Read more…

Prophet rapes eight-month pregnant lady during private deliverance session

A self-acclaimed prophet, Festus James, has been arrested by men of the Ondo State Police Command for allegedly raping a woman with eight months’ pregnancy. Read more…

Nigerian companies generate N1.3 trillion in free cash flows in 9 months

The major listed companies operating in Nigeria reported a cumulative cash flow of N1.307 trillion in the first 9 months between January to September 2021. Read more…

Gbajabiamila says President Buhari may sign Electoral Act Bill soon

The House of Reps Speaker, Femi Gbajabiamila has stated that the recently passed Electoral Bill will soon be signed by President Muhammadu Buhari. Read more…

International Stories

Kim Kardashian, Leeds owner Radrizzani help 130 Afghan female players fly to Britain

Reality star Kim Kardashian and Leeds United soccer club owner Andrea Radrizzani helped former Afghanistan captain Khalida Popal in flying 130 Afghan women soccer players and their families from Pakistan to Britain on Thursday. Read more…

Drivers to be banned from using hand-held devices

UK drivers will be banned from filming or searching playlists on hand-held devices from next year under government plans to toughen road safety laws. Read more…

Taiwan unveils new F-16V fighter jets amid military threats from China

Taiwan on Thursday showed off its newest military hardware -- upgraded F-16 fighter jets that would be at the heart of the island's defense in the event of an air attack from China. Read more…

India's Prime Minister Modi to repeal controversial farm laws following more than a year of protests

India's Prime Minister Narendra Modi said Friday he would repeal three contentious agricultural laws that sparked more than a year of protests, in a rare apparent climb down ahead of pivotal state elections. Read more…

Women's tennis is challenging the Chinese government -- and it shows no sign of backing down

When tennis star Peng Shuai launched her explosive #MeToo accusation against a former Communist Party leader earlier this month, the Chinese government responded in typical fashion -- by muffling her with blanket censorship. Read more…

A California couple vanished after stealing millions in Covid-19 relief funds. They left a goodbye note for their three kids

Richard Ayvazyan and his wife, Marietta Terabelian, were facing prison for their role in a massive covid relief fraud scheme when they cut off their electronic tracking bracelets and fled their California home, abandoning their three teenage children. Read more…

French dictionary adds non-binary pronoun, sparking anger

The decision by a major French dictionary to include a gender-inclusive pronoun in its online edition has triggered angry reactions from lawmakers and defenders of the nation's language. Read more…

Tech Updates

Silicon Africa? Egypt eyes top spot in Africa’s startup ecosystem

Seemingly from nowhere, Egypt is suddenly on the radar as a key African startup funding destination, highlighting the prospects for continental growth of the nascent sector. Read more…

Business Matters

UN to Elon Musk: Here's that $6 billion plan to fight world hunger

The director of the United Nations' World Food Programme laid out a plan to spend $6.6 billion to combat world hunger — a direct response to a back-and-forth with Tesla CEO Elon Musk, read more…

Unilever agrees to sell its tea business to CVC Capital Partners for €4.5 billion

Unilever Plc, the owners of Lipton and PG Tips, has agreed to sell its global tea business, ekaterra, to CVC Capital Partners for €4.5 billion on a cash-free, debt-free basis. Read more…

Ghana slams 1.75% e-levy on mobile money and electronic transactions

The Ghanaian government has slammed an e-levy of 1.75% on mobile money and other electronic transactions within the country. Read more…

Lagos State needs $15 billion over 5 years for infrastructural development – Sanwo-Olu

The Lagos State Government has disclosed that it would need the sum of $15 billion for infrastructural development in the state for the next 5 years, citing the reason as the rising population in Nigeria’s economic capital. Read more…

John Holt Plc announces death of its Director, Paul Newns

John Holt Plc has announced the demise of one of its Directors, Mr. Paul Newns, who fell to the cold hands of death on Saturday, 13th of November 2021. Read more…

XRP suffers biggest daily drop in 3 weeks, trading at $1

The seventh most valuable crypto suffered record selling pressure and profit taking that had not been seen in the overall crypto market until May. Read more…

With $1.3 billion staked, Acala wins the first Polkadot parachain auction

The first-ever Polkadot ecosystem parachain slot auction was concluded with Acala, a decentralized finance (DeFi) protocol operating on the Polkadot network. Read more…

African Development Bank approves $60m financing for homes loan assistance programme

The African Development Bank (AfDB) on Thursday 11th November 2021, approved a $60m (approximately ₦25Bn) financing for the Homes Loan Assistance Programme. The fund, according to the bank, Read more…

Naira gains at official market despite significant drop in forex liquidity

The exchange rate between the naira and the US dollar closed at N414.8/$1, at the official Investors and Exporters window. Naira gained against the US dollar on Thursday after maintaining a rate of N415.1 in the previous trading session. Read more…

Coca-Cola empowers 1,000 Lagos women

Coca-Cola Nigeria Limited has announced the completion of its women empowerment programme, tagged ‘Catalyst for change 2.0, with the graduation of 1,000 women in Alausa, Ikeja. Read more…

Experts blame high unemployment, inflation as GDP falls to 4.03%

Nigeria’s recovery from the fallout of the COVID-19 pandemic slowed sharply in the third quarter of this year, with economists saying the economy’s growth was hit by high unemployment, Read more…

Metro

Black Panther's T'Challa will not return to MCU - Marvel studio exec

The latest confirmation comes amid rumours that the sequel currently in production will reunite fans with the character played by Chadwick Boseman. Read more…

Camila Cabello and Shawn Mendes end relationship

The music superstars announced their breakup on social media. Read more…

Kim Kardashian and Pete Davidson are reportedly an item

The report says the reality TV star and comedian are officially dating. Read more…

Quote of the Day

“Life is like riding a bicycle. To keep your balance, you must keep moving.” — Albert Einstein