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Are we heading into a recession? With rising aviation fuel prices, bread production halts and Tesla selling Bitcoin holdings, it appears so.
We Are Now Live on Android
Yayyyyy! Our Herconomy app is now live on Android!
Click on the link below to download the app and don’t forget to set up your easy save, with as little as 50 Naira.
Herconomy Lightbox Sessions
“Are we heading into a downward time in the economy?” With the recent rise in Nigeria’s inflation, we can bet this question has been on the mind of every Nigerian.
As of today, Nigeria’s inflation rate is at 18.6% which is 20% above the projections of the world bank, this most likely means another increase in the price of food items.
How can we survive this period without starving?
Join us this Thursday with, Lanre Smith, the founder and CEO of WorldBay Tech. Lanre is also an expert in the food and agriculture sector and will be giving us some insight on the necessary steps to take in the face of the rising cost of food.
Click on the link below to pre-register for this session.
Hangout With Herconomy and Bellagrace
This Saturday, we are hosting you for an evening of games, drinks and shopping with Herconomy and Bellagrace.
Enjoy saving as you spend with Herconomy as you get discounts when you shop at our open house events.
Venue: Bella Grace, 32 Opebi road Ikeja.
Date: Saturday 30th July
Time: 4 pm
Make it a date with us and stand a chance to:
Win prizes in a raffle draw.
Purchase select items for a 10k flat rate!
Get 10% off all purchases.
Click on the link below to register now!
Google to pause all hiring for two weeks
Bakers halt bread production Thursday over skyrocketing costs
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have announced plans to halt production of their products, effective Thursday. Read more…
NLC rejects Buhari’s two-week ultimatum, insists on protest
ASUU says no going back on protest, aviation workers plan strike. The Federal Government and labour unions on Wednesday clashed over the groups’ refusal to back down on its planned two-day nation... Read more…
Ekiti indigene scored highest 2022 UTME mark – JAMB
The Joint Admissions and Matriculation Board on Thursday revealed that an Ekiti State indigene by the name Adebayo Eyimofe scored the highest mark in the 2022 Unified Tertiary Matriculation Examination. Read more…
2022 UTME: Only 378,639 scored above 200 – JAMB
The Joint Admissions and Matriculation Board on Thursday revealed that only 378,639 of the 1,761,338 who wrote the 2022 Unified Tertiary Matriculation Examinations scored 200 and above. Read more…
Nord Stream: Key Russian pipeline resumes pumping gas to Europe
Russia has resumed pumping gas to Europe through its biggest pipeline after warnings it could curb or halt supplies altogether. The Nord Stream 1 pipeline restarted following a 10-day maintenance break but at a reduced level. Read more…
Dave Chappelle show cancelled over transgender jokes controversy
Comedian Dave Chappelle has had a live show cancelled at the last minute due to controversy over some of his jokes. The First Avenue venue in Minnesota apologised for booking him and said the show would move to another theatre. Read more…
Elon Musk's Tesla sells most of its Bitcoin holdings
Tesla, which made waves last year when it revealed a major investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency. The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. Read more…
Blackouts as grid collapses from 3,922 to 50MW
Nigeria’s power grid collapsed again on Wednesday, as it crashed from the 3,921.8 megawatts that was generated at 6am to as low as 50MW around 12.23pm, causing widespread blackout across the country. Read more…
Airlines plan route cut over rising fuel price
Domestic airlines have concluded plans to dump less-viable routes as skyrocketing aviation fuel prices cause more flight disruptions amid dwindling revenue and rising cost of operations. Some of the l... Read more…
5 dead, others injured as herdsmen attack Makurdi community
No less than five people were feared dead following an attack on Anter Mbalagh community in the outskirts of Makurdi, the Benue state capital. Read more...
Quote of the Day
"You are never too old to set another goal or to dream a new dream." -C.S. Lewis