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Angela Merkel ends 16 years of service with a grand ceremony, and African countries battle food insecurity and drought.

Herconomy
Dec 3, 2021
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Herconomy Updates

More Time to Apply!

The Herconomy Enterprise Challenge deadline has now been shifted till the 17th of December to allow even more female-owned businesses to apply for the grant.

So it’s time, give your pitch your very best shot, go all out and come Wow the team and judges during the finale.

We Are Waiting!

Local Stories

UN consultant warns South-West govs of food insecurity

A United Nations Development Programme Certified Agribusiness Consultant, Ife Adeniyi, has called on governors in South-West Nigeria to put measures in place that will end the region’s dependence on food items coming from the Northern part of the country. Read more…

Reps invite INEC over funding challenge for direct primaries

In a bid to ensure that the President, Major General Muhammadu Buhari (retd.), signs the Electoral Act Amendment bill along with the controversial mandatory direct primaries, some National Assembly members have expressed willingness to approve a loan, read more…

Navy frees Comedian Cute Abiola from detention

The Nigerian Navy has freed online Comedian, Abdulgafar Ahmad, aka Cute Abiola, from detention, The PUNCH has learnt. Read more…

Omicron: States resume testing, demand funds, variant spreads to 23 countries

State governments have said they will resume and increase mass testing for COVID-19 following the detection of the Omicron variant of the virus in the country. Read more…

Travel ban: IATA says governments’ response to Omicron threatens emerging recovery

The International Air Transport Association (IATA) has warned that the imposition of travel bans by governments, against the advice of the World Health Organization (WHO), could threaten the aviation sector’s recovery. Read more…

International Stories

Fauci calls out Fox for its silence after host compares him to Nazi doctor

Dr. Anthony Fauci on Thursday night called out Fox News for staying silent after one of its personalities and streaming hosts, Lara Logan, compared him to an infamous Nazi doctor. Read more…

All countries must prepare for Omicron surge - WHO

The number of countries detecting the Omicron variant is “increasing daily”, the World Health Organization says. Read more…

The rescue of Parwana: 9-year-old child bride is taken to safety in Afghanistan

(CNN)Driving through a snow-capped mountain pass, the young mother huddles together with her six children in the backseat of a car after leaving their makeshift camp in northwestern Afghanistan. Read more…

The drought ravaging East African wildlife and livestock

At least 26 million people are struggling for food following consecutive poor rainfall seasons in the Horn of Africa. Drought conditions in northern Kenya, much of Somalia and southern Ethiopia are predicted to persist until at least mid-2022, putting lives at risk. Read more…

Germany locks down unvaccinated people, as leaders plan to make shots compulsory

Germany on Thursday announced a nationwide lockdown for the unvaccinated, as its leaders backed plans for mandatory vaccinations in the coming months. Read more…

Angela Merkel gets a grand send-off with her own pick of music

Germany's outgoing Chancellor Angela Merkel received the highest ceremony for a civilian as she bids farewell after 16 years in office. CNN's Bianca Nobilo reports. Read more…

Tech Updates

Clubhouse adds Hausa, Igbo and Yoruba as part of its language localisation support

Clubhouse, a social audio app, has launched the second wave of its local language support, adding thirteen more languages to the mix, including Hausa, Igbo, and Yoruba. Read more…

Business Matters

FG partners FCMB, LAPO, DEC to facilitate credit to smallholder farmers

The federal government of Nigeria through its initiative; International Fund Agricultural Development, IFAD, Value Chain Development Programme, VCDP has signed an agreement with First City Monument Bank (FCMB), Read more...

Asia’s richest man, Mukesh Ambani now worth $94 billion

In the Bloomberg Billionaires Index, Mukesh Ambani takes the 11th position and continues to be India’s and Asia’s richest man. His net worth is $93.8 billion. Read more…

Nigeria’s external reserve dips $633 million in November as CBN intensifies FX intervention

Nigeria’s foreign reserve dipped $633.47 million in the month of November 2021 to close the month at $41.19 billion as of 30th November 2021. This is according to latest figures obtained from the Central Bank of Nigeria (CBN). Read more…

NDIC boss advocates for more rigorous regulation in Nigeria’s banking sector

The Nigerian Deposit Insurance Corporation (NDIC) has stated that the banking sector requires a more rigorous regulation. This was disclosed by the Managing Director/Chief Executive of NDIC, Bello Hassan in Abuja. Read more…

Glo missing as NCC qualifies MTN, Airtel, new firm for 5G auction

Globacom and Emerging Markets Telecommunication Service Limited are set to miss out on the deployment of Fifth Generation network for at least two years as the Nigerian Communications Commission qualifies MTN Nigeria Plc, Airtel Networks Limited and one new player for its 5G auction. Read more…

Airport concession: ICRC completes evaluation of Bi-Courtney, 12 local, foreign firms

The Infrastructure Concession and Regulatory Commission, the Federal Government agency supervising the concession of the nation’s four main international airports, read more…

Nigeria-Brazil trade jumps by 30% in two years – Envoy

The Consul General, Consulate General of Brazil, Mr Francisco Carlos Liz, says the bilateral trade between Nigeria and Brazil has grown by 30 per cent since 2019, adding that the two countries are experiencing a trade balance. Read more…

UAE bizmen invest $2bn in Nigerian mining sector

Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the aftermath of the Africa-UAE Trade and Investment forum. Read more…

Naira appreciates at official window despite drop in FX turnover

The exchange rate between the naira and the US dollar closed at N414.8/$1 at the official Investors and Exporters (I&E) window. Read more…

GDP: Nigeria’s economy to end 2021 at 2.5% growth rate – LCCI

The Lagos Chamber of Commerce and Industry (LCCI) forecasts that Nigeria’s economy will end its current growth rate for the year at 2.5%. Read more…

Breweries support growth in Consumer Goods Index despite bearish market

The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, appreciated by 0.08%, from 546.42 points the previous day, to 546.85 points, at the end of today’s trading session. Read more…

Metro

Money Heist finally reaches a conclusion

The Netflix series that has held the world’s attention for four seasons concludes with the latest instalment. Read more…

Ini Edo welcomes baby girl via surrogacy

The movie star says she picked a donor for the surrogacy to avoid conflicts in the future. Read more…

Quote of the Day

 “Health is the greatest gift, contentment the greatest wealth, faithfulness the best relationship.”

Buddha

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