Daily Juice

Nigerian traders lament losses as Bitcoin drops 52% value

Herconomy Updates

Start Saving With Herconomy

How do you keep your hard-earned money safe?

Under the bed? Naah, it is prone to petty robbers and overspending.

In your bank account? If you lose your card and/or your phone, it could be easily hacked.

On your bank wallet? Thieves now force people to clear out their accounts at gunpoint.

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MAC & Herconomy Make-Up Training Sessions

This month, MAC Cosmetics in conjunction with Herconomy will be hosting 2 training sessions for the Herconomy community.

We will be having a session at Palms Mall VI and another at Ikeja City Mall, on the 24th and 25th of June respectively.

Interested in learning the basics of everyday Make-up?

Click on the link below to register for free!

Do You Have Your PVC?

2023 is another election year, and we are barely 6 months away!

While online voter registration has closed, you can still register in person at the closest registration booth to you.

Visit the INEC portal here to check your registration status and other details.

DO NOT CARRY OUT DOUBLE REGISTRATION!!! If you are already registered, you might only be required to update your profile.

Local Stories

Drug deal: Court sentences Abba Kyari’s co-defendants to two years imprisonment

A Federal High Court, Abuja, yesterday, convicted and sentenced two co-defendants of suspended Deputy Commissioner of Police (DCP), Abba Kyari, to two years imprisonment over a drug deal. Read more…

Court strikes out suit seeking to stop poll, invalidate ’99 constitution

ADO-EKITI—THE bid by Ilana Omo Oodua to stop the June 18 governorship election in Ekiti State and invalidate the 1999 constitution suffered a setback, yesterday, as the Federal High Court Sitting in Ado-Ekiti struck out the case for lack of jurisdiction and locus standi. Read more…

Soldiers find abducted Chibok schoolgirl in Borno

Troops of the 26 Task Force Brigade, on Tuesday, found one Mrs Mary Ngoshe, who, according to the Nigerian Army, is believed to be one of the kidnapped girls from Government Girls’ Secondary School, Chibok, in 2014. Read more…

31 policemen were dismissed, and others were sanctioned over 14,976 complaints

The Complaint Response Unit of the Nigeria Police Force has received 14,976 complaints against policemen since its inception. Read more…

Akeredolu warns against further unprovoked attacks on South-West

Ondo State Governor, Oluwarotimi Akeredolu, has warned that the people of the South-West will not tolerate another unprovoked attack on the region under any guise. Read more…

S-South, S-East PDP groups back Okowa for the vice-presidential slot

Peoples Democratic Party, PDP, youths in South-South and South-East geopolitical zones, under the auspices of the Coalition of South-South and South-East PDP Pouths, have endorsed Governor Ifeanyi Okowa of Delta State as the party’s vice-presidential candidate for the 2023 election. Read more…

Lagos govt begins demolition of structures adjoining collapsed Ikoyi building tomorrow

Lagos State Government has said that it will start pulling down three edifices still under construction at the site where a 21-storey building collapsed in Ikoyi, Lagos. Read more…

NDLEA destroys illicit drugs worth over N1b in Oyo

The National Drug and Law Enforcement Agency (NDLEA), has destroyed illicit drugs worth over N1billion and weighing 17,000 kilogrammes in Ibadan. Read more…

Abia doctors down tools over kidnap of a colleague

Doctors in Abia State have announced the withdrawal of their services in both public and private hospitals to register their displeasure over the kidnap and continued detention of their colleague, Professor Uwadinachi Iweha. Read more…

Kidnappers demand N50m to free abducted Catholic Priest in Plateau

The gunmen, who abducted the Parish Priest of St. Anthony’s Catholic Church, Angware, Jos East Local Government Area of Plateau State, Rev. Fr. James Kantoma, are reportedly demanding an N50 million ransom for his release. Read more…

International Stories

Controversial UK deportation flight to Rwanda grounded after all asylum-seekers removed

The inaugural flight of a controversial UK government scheme to send asylum-seekers to Rwanda was stopped on Tuesday at the eleventh hour, after an intervention by the European Court of Human Rights (ECHR). Read more…

Sri Lanka announces four-day work week to curb food and fuel crisis

Shorter work weeks aimed at boosting worker productivity and happiness are catching on in parts of the world like Iceland and the United Kingdom. Read more…

Russian Forces Destroy Last Bridge to Key Eastern Ukrainian City

Russian forces destroyed the last remaining bridge to Severodonetsk, cutting Ukrainian supply lines and moving to consolidate control over the strategic city in the latest setback for Kyiv’s forces in the country’s east. Read more…

Jan. 6 Committee Splits Over Possible Criminal Referral for Trump

As the Jan. 6 select committee investigating the attack on the Capitol continues its public hearings, a public disagreement has emerged between committee members about whether it would consider referring criminal charges against former President Donald Trump to the Justice Department. Read more…

Business Matters

Naira falls to N609/$1 in the P2P market, the lowest on record

The exchange rate between the naira and the US dollar closed at N420.75/$1 at the Investors and Exporters (I&E) window. Read more…

Nigeria loses N1.52 trillion yearly to overseas maintenance of aircraft

Overseas maintenance of commercial aeroplanes operating in the country currently costs Nigeria at least $2.5 billion or N1.52 trillion ($1:N608) in capital flight yearly. Read more…

Equities reopen negative as indices dip by N47 billion

The Nigerian equities market reopened on a negative note, yesterday, as profit-taking dominated trading activities, causing market capitalisation to depreciate by N47 billion. Read more…

Aluminium Extrusion Plc declares dividend payment of N0.05 Kobo to shareholders

Aluminium Extrusion Plc has announced a final dividend payment of N0.05 kobo per 50 kobo ordinary shares for the financial year ended 31 December 2021. Read more…

World Bank forecasts Nigeria’s public debt to hit 36% of GDP

The World Bank yesterday raised its forecast for Nigeria’s public debt to 36 per cent of Gross Domestic Product, GDP, in 2022, citing worsening revenue collection at the federation level, which is increasing budgetary pressures and pushing many states into precarious fiscal positions. Read more…

Nigerian traders lament losses as Bitcoin drops 52% value

Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the market value of Bitcoin. Read more…

Tech Updates

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options. Read more…

Elon Musk says SpaceX’s Starship rocket will be ready to fly in July

Space company, SpaceX owned by billionaire, Elon Musk is closing in on a major milestone in its Starship rocket development. The billionaire CEO announced today that the company will have a Starship prototype rocket “ready to fly” by July, with his space venture aiming to reach orbit with the vehicle for the first time. Read more…

Metro

Tems diagnosed with Reflux Laryngitis, postpones shows

Nigerian singer Temilade Openiyi popularly known as Tems has been diagnosed with Reflux Laryngitis. The music star made this known via her Instagram page on Tuesday, June 14, 2022. Read more…

Jennifer Hudson becomes 2nd Black woman to achieve EGOT status

Jennifer Hudson has officially achieved the coveted EGOT status. Read more…

Quote of the Day

“If you set goals and go after them with all the determination you can muster, your gifts will take you places that will amaze you.”
—Les Brown