Daily Juice
How will fuel subsidy removal affect you? So much ado, but the government says its about nothing.
Herconomy Updates
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Local Stories
N20bn: Tinubu, Alpha Beta ex-MD discuss out-of-court settlement
A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current Managing Director of the company, Akin Doherty, read more…
Labour lists conditions for fuel subsidy removal, says $9.5bn wasted on refineries
Key labour unions in Nigeria met on Tuesday in Abuja where they outlined the conditions the Federal Government must meet before it would be allowed to stop subsidising Premium Motor Spirit, read more…
IPOB’s sit-at-home grounds South-East, Kanu’s trial holds today
Hoodlums, suspected to be members of the Indigenous People of Biafra, on Tuesday, stormed the St Theresa Catholic Church, Calcutta Parish, Awada, near the Ukaegbu junction, Onitsha, in a bid to enforce the sit-at-home directive. Read more…
Buhari didn’t direct anyone to remove petrol subsidy – Lawan
The Senate President, Ahmad Lawan, says the President, Major General Muhammadu Buhari (retd.), has not asked any official in his regime to implement the removal of petroleum subsidy. Read more…
International Stories
Nigerian-born Canadian Justice Minister, Kaycee Madu, denies asking Police Chief to rescind speed ticket
Kaycee Madu, Nigerian-born Canadian Minister of Justice and Solicitor General for Alberta, has been ordered by Premier Jason Kenney to step back from ministerial duties following reports he called Edmonton’s police chief after receiving a distracted driving ticket. Read more…
Tonga undersea cable needs 'at least' four weeks to repair: NZ
A key undersea cable that was destroyed in a volcano eruption in Tonga may take at least four weeks to be repaired, said New Zealand's foreign ministry. Read more…
Fanta Bility: US officers charged with fatally shooting girl
US prosecutors have charged three policemen with an eight-year-old girl's death, dropping a murder case against two teenagers who were initially held. Read more…
Tech Updates
Nigeria’s new deal with Twitter is not a win for the government or citizens
Nigeria’s new deal with Twitter is its government’s most recent effort to control social media. While experts tell us that this is a failed attempt at the project, they warn that the deal will definitely have a bearing on internet freedom in the country. Read more…
What exactly is Web3?
Venture capitalists (VCs) and investors in Silicon Valley are saying the internet will evolve to become a place where users will be able to run their own servers, control how their data is used and shared by third parties, own digital property, read more…
Business Matters
Microsoft to acquire gaming company, Activision Blizzard, for $68.7 billion
Microsoft is set to acquire Activision Blizzard, the gaming company, for $95 per share valued at $68.7billion inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. Read more…
Oil prices hit $88, level not seen since 2014 when Goodluck Jonathan was President
Brent crude oil prices rose to its highest since October 2014 after it hit $88.4 on Tuesday as drone attacks on targets in the United Arab Emirates stoked fears across the region. Read more…
Abuja passengers kick as NCAA stops departing plane for inspection
The Nigerian Civil Aviation Authority on Tuesday stopped flight VM1609 of MaxAir, to carry out a safety inspection on the airplane after it had boarded passengers and was already taxiing for take-off. Read more…
Cash-strapped banks borrow N9.17tn from CBN in seven months
Deposit Money Banks and merchant banks have borrowed the sum of N9.17tn from the Central Bank of Nigeria through its Standing Lending Facility window within a period of seven months, read more…
CBN Governor says 100,000 hectares of wheat was planted across 15 states in 2021
Nigeria’s central bank governor has hinted that Nigeria’s wheat production is expected to rise as 100,000 hectares of wheat was planted in the 2021 dry season. Read more…
Repatriated stolen funds used to fund social, unemployment and welfare programmes – Presidency
The Presidency has stated that the successful repatriation of stolen funds from decades of export abroad have been use to fund social, unemployment and welfare programmes. Read more
Metro
Joeboy hits 100 million streams on Boomplay
Nigerian superstar, singer and songwriter Joeboy have joined his counterparts Fireboy DML, Burna Boy and Olamide in Boomplay’s Golden Club with over 100 million streams on the platform. Read more…
Seyi Shay is engaged
The music star showed off her diamond ring during a recent interview. Read more…
Comedian AY Makun and wife welcome 2nd child after 13 years
AY and Mabel tied the knot in 2008. Read more…
Quote of the Day
“Silence is the last thing the world will ever hear from me.”
— Marlee Matlin