Daily Juice

Sweden's First Female Prime Minister resigned on her first day in the office... but that's not the full story.

Herconomy Updates

5 Days Left to Apply for the Herconomy Enterprise Challenge

We have only five days left till the deadline for the Herconomy Enterprise Challenge.

You can still apply here and stand the chance to win up to N1.5 million naira amongst other things.

Do you know any woman with an SME who will benefit from this Grant?

Don’t forget to share this with them.

Local Stories

Reps order probe of FG’s abandoned N97bn cancer centre

The House of Representatives has resolved to investigate the National Cancer Control Plan established by the regime of the President, Major General Muhammadu Buhari, to determine why fewer Nigerians with cancer cannot access treatment at the special centres. Read more…

Kanu’s detention: MASSOB tackles CNG’s call for ex-minister, Igbo leaders’ arrest

The Movement for the Actualisation of the Sovereign State of Biafra has frowned on the call by a northern group, the Coalition of Northern Groups, to arrest Igbo leaders led by the first republic minister and a republican parliamentarian, read more…

NBA, SANs say Lai’s response on #EndSARS report premature

The Nigerian Bar Association and some Senior Advocates of Nigeria on Wednesday criticised the response of the Minister of Information and Culture, Lai Mohammed, over his comment on the leaked panel report of the Lagos State judicial panel of inquiry on restitution for victims of SARS-related abuses. Read more…

Comedian Cute Abiola spends 10 days in detention, Navy says administrative procedure ongoing

Naval personnel and online comedian, Abdulgafar Ahmad, aka Cute Abiola, has spent 10 days in the custody of the Nigerian Navy for posting a video of himself in military uniform on social media, The PUNCH reports. Read more…

FG denies plans to increase fuel price, provides reason for fuel queues in Abuja, others

The Federal Government has provided reasons for the marginal fuel queues being experienced at filling stations in Abuja and some parts of the country. Read more…

No court order restraining acquisition, say Flour Mills, Honeywell

Flour Mills Nigeria Plc and Honeywell Flour Mills Plc have said the proposed acquisition of significant interest in HFMP by FMN is not in breach of any court order. Read more…

Subsidy: Nigerians to spend N6.7tn on fuel in 2022, NLC, Senate fault N5,000 palliative

Nigerians will spend about N6.732tn on the purchase of Premium Motor Spirit, popularly called petrol, within a period of 12 months once the Federal Government stops subsidising the commodity from February next year, investigations have revealed. Read more…

With 49% foreign ownership, Nigeria Air starts operations April 2022

The proposed national carrier will begin flight in April next year, the Minister of Aviation, Hadi Sirika, has said. Read more…

International Stories

New Swedish Prime Minister resigns hours after being voted in

Sweden's first female Prime Minister, Magdalena Andersson, has resigned from office only hours after being voted in, Sweden's official Twitter account announced Wednesday. Read more…

France holds crisis talks after migrant boat deaths

France's government is to hold crisis talks after the worst disaster on record involving migrants in the Channel. Read more…

Ahmaud Arbery: Three US men guilty of murdering black jogger

Three white men have been found guilty of killing a black jogger last year in a case that became a rallying cry to racial justice protesters. Read more…

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

A high schooler who watched the Netflix series is also set to be jailed for life. Read more…

Tech Updates

Bolt drives lease-to-own expansion plan for Nigerian drivers

In Nigeria, insufficient purchasing power among middle-class citizens, coupled with limited or no access to vehicle financing, puts car purchases out of reach for over 90% of the population. Read more…

Nigeria-based Busha secures $4.2m seed funding to scale its crypto exchange

Busha, a Nigeria-based digital platform that helps people buy, sell and store cryptocurrency, has raised seed funding of $4.2 million in a round led by Jump Capital.  Read more…

Business Matters

5G: Nigerians should expect smart cities, self-driving car facilities, says NCC

The Nigerian Communications Commission says Nigerians should expect gigabytes per second for smart cities, self-driving cars, robust telemedicine, and others with the deployment of the fifth-generation technology in Nigeria. Read more…

NDDC unveils partnership with farmers, plans massive rice production

The Niger Delta Development Commission has said the region would soon become the rice belt of the nation. Read more…

Vandalism: Oil sector GDP contribution drops by N270bn in nine months

The contribution of crude petroleum and natural gas sector, which is a subsector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N2.82tn in the first quarter of 2021 to N2.55tn in the third quarter, showing a N270bn or 9.57 per cent decrease. Read more…

No court order restraining acquisition, say Flour Mills, Honeywell

Flour Mills Nigeria Plc and Honeywell Flour Mills Plc have said the proposed acquisition of significant interest in HFMP by FMN is not in breach of any court order. Read more…

Cardano posts weekly losses of 11% after eToro limits ADA trading

The price of ADA, the native coin of the Cardano blockchain, was $1.60 today before settling at $1.69, down 11% from its week high, according to FTX exchange data. Prices fell after crypto trading platform eToro restricted access to holders of TRON and ADA in the U.S. Read more…

Containment of pandemic, fiscal and monetary measures responsible for GDP growth in Q3 – Finance Minister

Nigeria’s Finance Minister, Zainab Ahmed has stated that the reason for the country’s 4.03% GDP growth in Q3 2021 is down to the Federal Government’s commitment to continued containment of the COVID-19 pandemic, read more…

Market sustains flat performance as capitalization declines further by N11.36 billion

The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 2 basis point. Read more…

Lagos engages 135 private health facilities for Covid-19 vaccination, brings total to 360

At least 135 private health facilities have been engaged by the Lagos State Government into its mass vaccination strategy programme targeted at vaccinating 4 million residents by December 2021 bringing to 360, the number of public and private vaccination sites in Lagos. Read more…

SEC expresses worry over resurgence of Ponzi schemes, illegal fund managers

The Securities and Exchange Commission (SEC) has expressed serious concern over the resurgence of Ponzi schemes and illegal fund managers in the country’s financial sector. This is as more members of the investing public continue to fall prey to the activities of these illegal fund managers. Read more…

Oil export and household spending to drive Nigerian economic growth in 2022 – Fitch report

Nigeria’s economy is expected to grow by 2.8% in 2022 on the back of stronger household spending and an increase in crude oil export value. This is according to projections in the Nigeria Country Risk report, by Fitch Solutions. Read more…

Anchor Borrowers’ Scheme: CBN says it has disbursed N864 billion to 4.1 million farmers

The Central Bank of Nigeria (CBN) reported that it has so far disbursed the sum of N864 billion to 4.1 million farmers cultivating 5.02 million hectares of land under its Anchor Borrowers’ Programme (ABP). Read more…

El-Rufai says Nigeria is losing N250 billion a month to fuel subsidy

The Governor of Kaduna State, Malam Nasir El-Rufai, has stated that Nigeria is losing N250 billion a month on petrol subsidies and that state governors are committed to supporting the Federal Government on ending the fuel subsidy regime. Read more…

Metro

Keanu Reeves 'married under the eyes of God' to Winona Ryder

Keanu Reeves and Winona Ryder may be one of Hollywood's longest standing "marriages." Read more…

British singer Jessie J suffers miscarriage

The music star says she wants to have a baby on her own. Read more…

Comedian Klint Da Drunk involved in car accident

The comedian says he came out of the badly damaged car unscratched. Read more…

'I need to be back home' - Kanye West rants about fixing marriage with Kim Kardashian

The billionaire rapper says he acknowledges his past mistakes and is ready to make amends. Read more…

Quote of the Day

“My mama always said, life is like a box of chocolates. You never know what you’re gonna get.”

Forrest Gump