Daily Juice
Do you still buy pasta? You are probably richer than you think oh.
Herconomy Updates
The Herconomy Enterprise Challenge is coming with a twist!
The Herconomy Enterprise challenge is still on, all the way into January 2022. We have an amazing twist to this year’s Challenge.
Have you applied yet? Click here to apply now!
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Local Stories
Insecurity: President Buhari condemns increased bandits killings in Kaduna
President Muhammadu Buhari publicly condemned the killings by bandits in Kaduna state over the week, vowing to crush the activities of the bandits. Read more…
COVID-19: FG issues travel advice, Lagos vows clampdown as infections soar
THE Federal Government on Sunday advised Nigerians against non-essential local and international travels during the festive period as COVID-19 cases continued to rise in the country. Read more…
Detained female soldier will be penalised for accepting corper’s proposal – Army
The Nigerian Army on Sunday said an unnamed female soldier who got romantically entangled with a male corps member at the National Youth Service Corps Orientation Camp in Yikpata, Kwara State, will be penalised for violating military rules and regulations. Read more…
FG launches committee to boost Sorghum production for industrial use
The Nigerian Government has announced the launch of a technical committee to boost existing Sorghum production to meet local consumption and industrial needs. Read more…
Reps summon Aregbesola, NIS boss over foreign missions’ visa, passport contracts
The House of Representatives’ Committee on Public Accounts has criticised the Nigerian Immigration Service for engaging consultants to manage visa and passport-related matters at Nigerian missions across the world. Read more…
International Stories
Tortured to death: Myanmar mass killings revealed
The Myanmar military carried out a series of mass killings of civilians in July that resulted in the deaths of at least 40 men, a BBC investigation has found. Read more…
Australia bouncy castle fall: Sixth child dies in hospital
A sixth child has died from injuries suffered in a bouncy castle accident in Australia last week, police say. Read more…
UK Deputy Prime Minister refuses to rule out further Covid restrictions before Christmas
The UK’s Deputy Prime Minister Dominic Raab has refused to rule out further Covid-19 restrictions being implemented before Christmas in England. Read more…
Tech Updates
Koniku closes Series A round led by Nigeria-based Platform Capital
Koniku Inc., a Nigerian-founded biotech company that operates out of California, on Friday said it has closed a Series A financing round led by Nigeria-based private equity firm, Platform Capital Investment Partners. Read more…
What Wowzi’s $3.2 million raise tells us about the future of influence in Africa
Who are Africa’s future influencers?
If you ask Wowzi, a Kenyan-founded online marketplace for influencer marketing, it’s everyone. Read More…
Business Matters
Togo, Benin, Niger paid nothing for Nigeria’s power supply, says NERC
The Republic of Benin, Niger Republic and Togo made no payment for the electricity supplied to them from Nigeria in the second quarter of 2021, the Nigerian Electricity Regulatory Commission has said. Read more…
Nigerians shy away from consuming spaghetti as price rises to N450 per pack
Nigerians have reduced their interest in the consumption of pasta, popularly known as spaghetti after the price surged by over 87% year-to-date to sell for as high as N450. This is based on information gathered by Nairametrics Research across various markets in South West Nigeria. Read more…
Cost of cooking gas surges by 78% within a year
The average cost of buying a 12.5kg cylinder Cooking gas in Nigeria spiked by 78.99 % on a year-on-year basis from a lower cost of N4,082.97. This is according to data released by the National Bureau of Statistics (NBS). Read more…
FG says it has disbursed N100 billion since 2017 to facilitate MSMEs, create jobs
The Federal Government has announced that it has so far disbursed the sum of N100 billion to create jobs for youths and deal with the rising unemployment in Nigeria. Read more…
World’s richest billionaire, Elon Musk set to pay over $11 billion in taxes in 2021
Elon Musk, the world’s richest person, worth $243 billion, revealed in a recent tweet that he will be paying more than $11 billion in taxes in 2021. Read more…
Oil prices drop 3% as Omicron storms Europe and North America
About 3% of oil prices fell on Monday as soaring Omicron Coronavirus cases in Europe and the United States prompted investor concerns that new regulations to combat its spread could harm fuel demand. Read more…
Naira falls marginally at official window as FX supply drops by 54%
The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors and Exporters (I&E) window. Read more…
FG releases N1bn grant to four states for pilot ranching
The Federal Government has released N1bn seed grant to Nasarawa, Plateau, Adamawa and Kaduna states for the development of pilot ranches in their domains as part of measures to halt clashes between herders and farmers. Read more…
Investors record N260bn weekly gain as 32 stocks rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of trading last week. Read more…
Metro
Mo Abudu is collaborating with 50 Cent, Starz on a new African drama
Abudu will co-executive produce the drama titled 'Queen Nzinga'. Read more…
Davido, one of Africa’s most successful artists, joins PUMA as a global brand ambassador
Sports company PUMA has signed a long-term agreement with Davido, one of Africa’s most successful music artists, underscoring the company’s commitment to the rapidly growing African market. Read more…
Peng Shuai denies making sexual assault allegation against retired Communist Party leader, but WTA concerns persist
Chinese tennis star Peng Shuai has denied making sexual assault allegations against a retired Communist Party leader, following more than a month of growing concern about her safety and whereabouts that led to the Women's Tennis Association pulling out of China. Read more…
American rapper Wale makes surprise appearance at Wizkid's headline show in Lagos
Wale joins Wizkid's headline show at the Livespot X Festival. Read more…
Doctor, friend planning travel to US murdered in Abuja
An Abuja-based radiologist, Dr Obialo Ibe, and his yet-to-be-identified friend, have been reportedly murdered in his residence in the Games Village area of the Federal Capital Territory. Read more…
Quote of the Day
“In order to write about life first you must live it.”– Ernest Hemingway