Daily Juice

There is a new COVID-19 Variant in town, and the UK is not taking any chances this time. 4 Days left to pitch for the Enterprise Challenge.

Herconomy Updates

4 Days Left to Apply for the Herconomy Enterprise Challenge

We have only four days left till the deadline for the Herconomy Enterprise Challenge.

You can still apply here and stand the chance to win up to N1.5 million naira amongst other things. Do you know any woman with an SME who will benefit from this Grant?

Don’t forget to share this with them.

Local Stories

Ayade seeks to partner Britain on security, others

The Governor of Cross River State, Prof. Ben Ayade, has expressed the state’s willingness to partner with Britain in various areas of development. Read more…

Subsidy: FG may deduct N2.4tn palliative from Federation Account, plans talks

The Federal Government may deduct at least N2.4tn from the Federation Account to fund the N5, 000 cash palliative that will be handed over to 40 million poor Nigerians after the fuel subsidy has been removed next year. Read more…

Boko Haram has ready tools from today’s 14 million out-of-school children – Obasanjo

Former President Olusegun Obasanjo on Thursday predicted that out-of-school children might soon be recruited by Boko Haram if the government failed to return them to classrooms. Read more…

Senate queries federal character commission over secret recruitments

The Senate on Thursday said it had asked the management of the Federal Character Commission to react in writing, to the secret recruitment being allegedly carried out by federal ministries, departments and agencies. Read more…

Uncertainty over alleged abduction of five travellers in Niger

Armed men suspected to be bandits on Thursday abducted five people along Beji-Manta road in Shiroro Local Government Area of Niger State. Read more…

Lagos to build new homes for public, private sector workers, mortgage available at single digit

The Lagos State Government has concluded plans to construct 3,456 housing units for public and private sector workers in Imota, near Ikorodu. This is part of the state government’s effort to reduce the housing deficit across the state and provide affordable houses to Lagosians. Read more…

Governor Sanwo-Olu presents 2022 budget of N1.388 trillion, prioritize infrastructure, education

The Lagos State Governor, Babajide Sanwo-olu, has presented a 2022 budget of N1.388 trillion to the state house of assembly, earmarking huge capital expenditure in the fiscal year to service key growth areas in order to consolidate the recovery of the State’s economy and positively transform residents’ livelihoods. Read more…

International Stories

Covid: New heavily mutated variant B.1.1.529 in South Africa raises concern

We're back in familiar territory - growing concern about a new variant of coronavirus. Read more…

UK bans flights from 6 African countries

Also Thursday, UK officials announced that six African countries will be added to England's travel "red list" after the UK Health Security Agency flagged concern over the variant. Read more…

Five US lawmakers defy China by meeting with officials in Taiwan

Five US lawmakers arrived in Taiwan on Thursday to meet with government officials, defying Beijing to visit the contested island. Read more…

'Afghan Girl' from National Geographic magazine cover granted refugee status in Italy

The "Afghan Girl" made famous after featuring on the cover of National Geographic magazine in 1985 has been granted refugee status by Italy's Prime Minister Mario Draghi, according to an Italian government press office statement. Read more…

Russian coal mine: Death toll soars to 52 after accident - reports

At least 52 people are reported to have died in Russia's worst mining disaster in a decade. Read more…

Tech Updates

Review: Here’s a better way to store your files

Ever wondered how much data is created every day?  Read more…

Africa’s taxi and mobility ecosystem is about to get greener

Last month, Nopea Ride, Kenya’s electric taxi fleet service, opened a new EV charging hub at Village Market in the capital Nairobi, underpinning the growing demand for electric mobility in the East African state. Read more…

Business Matters

Nigeria Air: FG to float IPO, begins operations with three planes

The Federal Government on Thursday announced that beginning from next week it would start sending out Request for Proposals to investors interested in owning shares in the proposed national carrier. Read more…

‘Cocoa tops list of exportable agric products’

The Nigeria Export Promotion Council has said its export promotion activities are beginning to make a positive impact, considering the rise in export revenue in the first six months of the year. Read more…

Food prices record slight increase in November as traders complain of low patronage

The price of rice, onions, yam, cooking gas, and pasta increased in November compared to the previous month as traders across markets in Lagos State complained of low patronage despite the yuletide season just around the corner. Read more…

Are Nigerians ready for life after fuel subsidies?

The current price of petrol is 165 naira per litre. The potential price of petrol after subsidy may range from 320 – 340 naira per litre according to Malam Mele Kyari, the Group Managing Director and Chief Executive Officer of Nigerian National Petroleum Company Limited. Read more…

Despite increased foreign reserves, naira will depreciate further in 2022 – Fitch report

Despite the upsurge in foreign reserves, the Naira is projected to further depreciate in 2022. This is according to projections in the Nigeria Country Risk report by Fitch Solutions. Read more…

Honeywell regains bullish stance despite NGX’s N71.09 billion market cap dip

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 32 basis points. Read more…

Grayscale: Metaverse is a trillion dollar market opportunity

A Grayscale November 2021 report titled, “The Metaverse, Web 3.0 Virtual Cloud Economies,” written by Grayscale’s head of research, David Grider and research analyst Matt Maximo, focused on metaverse education and explaining the possibilities that this new phenomenon brought along with it, stated that the metaverse represents a $1 trillion annual revenue market opportunity. Read more…

Metro

Black-ish wraps up production after eight seasons

The ABC sitcom concludes its run after eight years. Read more…

Britney Spears says she's shot a new film

The pop singer recently broke free from a 13-year conservatorship. Read more…

Quote of the Day

“Everything negative – pressure, challenges – is all an opportunity for me to rise.” Kobe Bryant