Daily Juice
CBN 17.5% interest rate hike could boomerang on the economy
Herconomy Updates
Herconomy Updates
In 2022 we started the Each Woman Bring One Campaign, to get 50,000 women to build their savings culture and start saving with Herconomy.
Join us as we achieve this goal in 2023.
Join the movement with these 3 easy steps;
Download the Herconomy app from the buttons below.
Start saving with as little as N100
Share your referral link with all the women you know to join you.
We are on a journey to 50,000, What is your number?
We are Live at Africa NXT
Struggling with handling your finances as a woman?
Then this is for you.
Come listen to our speakers Ife Durosinmi-Etti (CEO of Herconomy), Toluwani Ijogun (COO of Papaya Africa), Ara Sadiq (Manager Advisory Services, Women’s World Banking), Vive Obi (COO Herconomy) in a session tagged “The Woman and Her Money” happening on the 10th of February 2023 at the Futurenow Stage Innovation Pavilion Center.
Get your notepads ready, you do not want to miss out on this!
Register using the link below.
Herconomy Enterprise Challenge 2023
All Female-owned businesses it’s go time!!!
Three women stand a chance to win the sum of Three Million Naira. To be shared N1,500,000, N1,000,000 and N500,000 respectively.
How to Enter:
Make a 1-minute video of you pitching your Business, and post the video on your Instagram page, use the hashtag #herconomyenterprise2023 and tag @herconomy in your video.
Fill in the form using the link below. Please note that it is important to fill in the right details.
This challenge is now open and you shouldn’t miss out on this life-changing opportunity.
Got any questions? Send us a DM on @herconomy or via email on info@herconomy.com
We can’t wait to see you showcase your business!!!
Tech Updates
Crypto bulls ride on again as Tesla keeps its Bitcoin stash
Bulls are back riding positive macros as crypto markets turn green again. There was some pressure on the cryptocurrency market during trading on Wednesday. But no impetus developed until later in the day when prices began to rise and Bitcoin bulls set their sights on breaking through the $23K barrier, as Tesla’s earnings report revealed no Bitcoin sales. Read more…
Business Matters
Buhari welcomes $538m agric fund by AfDB, others
The President, Major General Muhammadu Buhari (retd.), on Wednesday in Senegal, lauded the provision of $538.05m by the African Development Bank, the Islamic Development Bank, and the International Fund for Agricultural Development for the first phase of the Special Agro-Industrial Processing Zones for Nigeria programme. Read more…
Duty hike: Used vehicle imports fall by 40%
The Ports & Terminal Multipurpose Limited Command of the Nigeria Customs Service has said that the introduction of a Vehicles Identification Number for clearing of imported vehicles led to a 40 per cent drop in imported cars in 2022. Read more…
FG budgets N1.2tn to service CBN loans
The Federal Government plans to spend N1.2tn on servicing the loans it got from the Central Bank of Nigeria through the Ways and Means Advances. Read more…
Emefiele shuns Reps, banks ration new notes
The House of Representatives may be on a collision course with the Central Bank of Nigeria over the redesign of naira notes and the January 31 deadline set for exchanging the old notes with the new ones. Read more
Avoid bank queues, and visit PoS agents, CBN advises
Ahead of the January 31, 2023 dateline for the circulation of old N200, N500 and N1,000 notes, the Central Bank of Nigeria, has urged bank customers not to panic. Read more…
UK declares generous export packages for Nigeria, others
The UK Government has launched the Developing Countries Trading Scheme in Nigeria, which will enable the country to benefit from free-duty trade on exported goods. Read more…
CBN 17.5% interest rate hike could boomerang on the economy – experts
Contrary to analysts’ expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday increased the primary lending rate by 100 basis points (1%), from 16.5 to 17.5%. Read more…
Quote of the Day
“Believing in yourself is not for you; it’s for every person who has touched your life in a significant way and for every person your life will touch the same way five minutes from now, or five centuries from now.”
—Jaye Miller