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African women and youth entrepreneurs can receive a grant of up to $250,000 from USADF

Herconomy
Sep 13, 2022
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Herconomy Woman King Movie Premiere Recap

Yesterday, Herconomy was at the forefront of the Woman King movie premiere with up to 20 of our community members and savers getting free tickets for the premiere.

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Tech Updates

Nigerian fintech raises $13 million seed fund for regional expansion

Nigerian fintech startup, NowNow Digital Systems, has raised $13 million in seed funding to improve financial inclusion in Nigeria and across Africa. It will provide financial services to the unbanked and under-served in the continent. Read more…

Nigerian joins Forbes technology council

Founder of CyberSafe Foundation, Confidence Staveley, has become the first Nigerian female to be inducted into the Forbes Technology Council. Read more…

Oracle reports 18% revenue growth after Cerner deal closes

Oracle reported revenue that met expectations on Monday, while earnings and quarterly guidance came in below analysts’ estimates. Read more…

Business Matters

Banks ration forex sales as scarcity bites

Banks have begun to reduce approval requests for Personal Travel Allowance and Business Travel Allowance to legitimate users. Read more…

Stock market loses N38bn as 13 equities decline

The equities market of the Nigerian Exchange Limited declined by N38bn at the end of trading on Monday as 13 firms saw their share prices fall. Read more…

African women and youth entrepreneurs can receive a grant of up to $250,000 from USADF

It is not in doubt that the teeming population of youths and women in Africa need to be empowered economically, which is the aim of the US African Development Foundation (USADF) Accelerate Africa Entrepreneurship Challenge 2022. Read more…

Equities reopen negative as indices slip by N38 billion

The Nigerian equities market reversed gains to reopen on a downturn yesterday, occasioned by losses in Betaglass and NEM, as market capitalisation declined by N38 billion. Read more…

Passport issuance rises by 38%, and more Nigerians relocate

The number of passports issued by the Nigeria Immigration Service rose by 38 per cent between 2020 and 2021. Read more…

Labour Act: Aviation workers issue 14-day ultimatum

A coalition of aviation workers’ unions has threatened to proceed with industrial action in the next 14 days if the anti-labour clauses in the new aviation bills currently awaiting the assent of the President, Major General Muhammadu Buhari(retd.), are not removed. Read more…

Nigeria’s cinema records N378m revenue in August

The Cinema Exhibitors Association of Nigeria on Tuesday said it generated N378 million from tickets sold across cinemas in the country in August. Read more…

Companies pay N1.25tn tax amid forex, energy crises

Nigerian firms paid N1.25tn tax to the Federal Government in the first six months of 2022 despite facing acute foreign exchange and energy challenges. Read more…

Quote of the Day

"Happiness lies in the joy of achievement and the thrill of creative effort."
—Franklin D. Roosevelt

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