Daily Juice
Stock investors lose N571bn in one week
Herconomy Updates
We Are Live on Android and iOS🎉
Our Herconomy app is now live on Android and iOS to make saving much easier for you!
Head on to the Google play store and iOS App store to download the app NOW!
And don’t forget to set up your easy save, with as little as 50 Naira.
Herconomy X Google
Is the state of the economy affecting your business? Concerned about the increasing exchange rate? Do you want to power your business to the next level?
Then apply for the Google Hustle Academy Business Bootcamp
To register,
1. Visit www.herconomy.com
2. Click on the Events Tab
3. Select the Google Hustle Academy and proceed to register.
Share Your Reviews With Us!
Have you been saving with Herconomy?
We now have over 3,000 active users on our web app and we would like to know how your experience with us has been.
Thank you for trusting Herconomy to help you achieve your savings goals.
Looking forward to your reviews!
Herconomy Lightbox Session
Despite dwindling resources, economic downtimes and inflation, have you ever wondered how some millennial women manage to remain comfortable and enjoy a level of wealth? We’ve got you!!!
Join us this Thursday 18th August 2022 as our speaker Oler Oladele (founder of the Money Wits Club) lets us in on the Financial Secrets of the Wealthy Millennial Woman.
Please save the date on your calendar so you don’t miss it!!!!
Click on the link below to register.
Tech Updates
Meet the leading female tech founders who made Cloud 100 list
In a male-dominated sector, many women are beginning to rise to take up various top leadership positions in organizations or to create their own luck as founders. Read more…
Nigeria’s central bank and Africa Fintech Foundry to support 10 startups to boost eNaira adoption
The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) is set to support 10 startups, to increase the adoption of eNaira in the country. Read more…
QED makes its first investment in Africa through TeamApt
QED Investors, one of the world’s largest venture capital (VC) funds with over 312 investments in the global fintech space, has made its first investment in the African fintech sector. Read more…
Business Matters
Cooking gas price jumps 105% in 12 months
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months. Read more…
Stock investors lose N571bn in one week
Investors lost N571bn at the end of trading on the floor of the Nigerian Exchange Limited last week. Read more…
Seven-month cashless transactions rise 41%, hit N210tn
Cashless transactions in Nigeria rose by 40.66 per cent year-on-year to N210.08 trillion in the first seven months of 2022, according to data from the Nigeria Inter-Bank Settlement System, NIBSS. Read more…
18 terminal operators owe FG $753m, N1.61bn – AGF
The Office of the Auditor General for the Federation has queried the Nigerian Ports Authority over the failure of 18 port terminal operators to remit total sums of $753m and N1.61bn to the Federal Government. Read more…
Nigeria’s debt to World Bank rises by $660m
The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022. This is according to data from both the Debt Management Office and the financial statements of the World Bank. Read more…
The Folorunsho Alakija organisation empowers 500 female entrepreneurs
Flourish Africa, the women empowerment movement founded by Folorunsho Alakija, said it has awarded business grants of up to N2m to 100 female entrepreneurs out of its N1bn fund earmarked to empower 2,500 female entrepreneurs in five years. Read more…
Nigeria’s banking sector leads attracts $1.47 billion in foreign inflows in six months
The Nigerian banking industry attracted $1.47 billion as capital inflows in the first half of 2022, an increase of 109.8% compared to $698.2 million received in the second half of last year and 46.5% higher than the $1 billion inflows recorded in the corresponding period of 2021. Read more…
Nigeria’s N9tn oil revenue threatened FG blames theft
Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. Read more…
FG records N1.62tn fiscal deficit in three months
The Federal Government recorded a N1.62tn fiscal deficit in the first quarter of 2022. The Central Bank of Nigeria disclosed this in its first quarter report for 2022. Read more…
Quote of the Day
"You can do anything as long as you have the passion, the drive, the focus, and the support."
—Sabrina Bryan