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BREAKING NEWS: Over 600 inmates escape from Kuje prison
Herconomy Updates
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Local Stories
BREAKING: Controversy surrounds Abba Kyari’s whereabouts after the attack on Kuje prison
Controversy has surrounded the whereabouts of suspended Deputy Commissioner of Police, Abba Kyari, after bandits attacked Kuje Correctional Centre, Abuja, where he was kept. Read more…
BREAKING: Over 600 inmates escape from Kuje prison
The Permanent Secretary of the Ministry of Interior, Dr Shuaib Belgore, has said over 600 of the inmates fled the prisons when it came under attack late Tuesday night. Read more…
Terrorists attack: Justify security spending, CSOs tell FG
The Coalition of Civil Society Organizations in Katsina State on Wednesday asks the Federal Government to justify the money being spent on security by ensuring the safety of lives and property of Nigerians. Read more…
Terrorists attack Buhari’s advance team, kill two policemen
Suspected terrorists on Tuesday, near Dutsinma, Katsina State, ambushed the convoy of cars conveying the Presidency’s advance team of security guards, protocol and media officers, killing two policemen in the process. Read more…
Shocks as OPEC outgoing secretary-general Sanusi Barkindo dies
The outgoing secretary-general of the Organisation of the Petroleum Exporting Countries Mohammad Sanusi Barkindo has died. Read more…
Railway workers threaten strike, urge a prompt resolution of ASUU impasse
Citing protracted talks for improved welfare with no result in sight, the Nigerian Railway Corporation (NRC) has threatened to embark on an indefinite strike. Read more…
International Stories
Highland Park parade shooting suspect charged with 7 counts of murder, state's attorney says
The suspect in Monday's mass shooting at a July 4th parade in Highland Park, Illinois, that left seven dead and injured more than two dozen have been charged with seven counts of first-degree murder, Lake County State's Attorney Eric Rinehart announced during a news conference Tuesday evening. Read more…
Sri Lanka is 'bankrupt,' Prime Minister says
Sri Lanka is "bankrupt," Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst financial crisis in decades, leaving millions struggling to buy food, medicine and fuel. Read more…
Boris Johnson fights on but is hit by a new wave of resignations
Boris Johnson is battling to stay in office, amid a growing wave of resignations from his government in protest at his leadership. Read more…
Gambia signs $68 million World Bank grant to revive tourism
The Gambia and the World Bank signed a $68 million grant on Tuesday to revive the ocean-facing West African country’s tourism sector, representatives of both parties announced at a ceremony. Read more…
Business Matters
CBN’s rate hike and rising energy cost may hamper Q3 growth, says LCCI
The Lagos State Chamber of Commerce and Industry (LCCI) has predicted that the interest rate hike by the Central Bank of Nigeria (CBN) and rising energy costs will constrain the growth of the country’s economy in the third quarter (Q3) of this year. Read more…
Telcos risk N250, 000 fine over abandoned tower under new guidelines
Going by the new guidelines on technical specifications for the deployment of infrastructure in the communications sector in Nigeria, telecommunications operators risk N250, 000 fines over any abandoned tower. Read more…
Dockworkers threaten to shutdown APMT Apapa over poor welfare
The Maritime Workers Union of Nigeria (MWUN) has stated its resolve to shut down activities at the AP Moller Terminal (APMT) Apapa, over poor salaries and unfair treatment of workers by the concessionaires. Read more…
DMO lists N250b Sukuk on NGX as the index dips further by N110 billion
The Debt Management Office (DMO) has listed the N250 billion, 10-year 13 per cent Ijarah Sovereign Sukuk due 2031, on Nigerian Exchange Limited (NGX). Read more…
Logistics firm declares profit growth of 87%
Red Star Express Plc has declared N413.9m as its group profit before tax for the year ended March 31, 2022. This is an 87 per cent increase from the sum of N220.8m recorded in the same period of 2021. This was disclosed in a statement of the firm’s comprehensive income. Read more…
Debt, inflation, forex killing economy, LCCI warns FG
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden, inflationary pressure as well as the worsening foreign exchange crisis in order to save the ailing economy. Read more…
Tech Updates
Wema Bank seeks increased women in the IT sector
The Chief Digital Officer, Wema Bank Plc, Mr Olusegun Adeniyi, has said that it is important to establish a roadmap that will help to draw more women into the tech sector. Read more…
Microsoft Reports Hundreds of Windows Networks Infected by Malware Worm
A malware program called “Raspberry Robin” has infected hundreds of Windows networks across multiple sectors, according to a private threat intelligence advisory from Microsoft. Read more…
Metro
Simi named as latest Spotify Equal Africa artist
Simi joins other Nigerian artists, Tiwa Savage, Ayra Starr, Asa, and FAVE to be part of the Equal Africa Programme, which aims to spotlight and amplify the voices of talented African female artists making waves in the music scene. Read more…
Quote of the Day
“Being honest may not get you a lot of friends but it’ll always get you the right ones.”
—John Lennon