Daily Juice
Festus Keyamo has a lot to say about the Twitter ban and the #EndSARS Panel, but first; have you applied for the Enterprise Challenge?
Herconomy Updates
Enterprise Challenge entries will be closed tomorrow.
There are less than 48 hours left for you to submit Herconomy Enterprise Challenge entries for 2021!
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Local Stories
FG bans 91 billionaires, VIPs’ jets, insists on N30bn duty
The Federal Government has directed the Nigeria Customs Service to ground 91 private jets belonging to some wealthy Nigerians over their alleged refusal to pay import duties running to over N30bn, documents obtained by The PUNCH have revealed. Read more…
Lagos #EndSARS panel illegal, can’t probe military, police – Keyamo
The Minister of State for Labour and Employment, Festus Keyamo (SAN), on Sunday dismissed the #EndSARS panel set up by the Lagos State Government and the report it presented to state government recently. Read more…
Motorists, commuters groan in Lagos-Ibadan road gridlock, FG says diversion’ll last six days
Chaos broke out on Sunday on the Lagos-Ibadan Expressway after the Julius Berger Nigeria Plc partially shut down Magboro and Warewa, Ogun State ends of the highway. Read more…
Lecturer slumps, dies during Igala community meeting
A lecturer at the Federal Polytechnic, Offa, Kwara State on Sunday evening reportedly died while attending a community meeting.
The deceased was identified as Ayatu Momoh. Read more…
FG may extend 2021 budget implementation to next year
The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following the inability of, read more…
Akwa Ibom dispatches delegation to South Korea over deep seaport
A delegation from Akwa Ibom State comprising members of the Ibom Deep Seaport Committee is currently in Seoul, South Korea, to drive Governor Udom Emmanuel’s vision for the rapid realisation of the seaport project. Read more…
Obaseki inaugurates 5,400MT cashew factory in Edo
The Edo State Governor, Mr Godwin Obaseki, inaugurated a cashew processing factory in Benin City, the Edo State capital, with a capacity of 5,400 metric tonnes per annum. Read more…
Minister of State for Labour, Festus Keyamo, says Twitter has agreed to all FG’s conditions
The Minister of State for Labour and Employment, Festus Keyamo, has revealed that the microblogging platform, Twitter, has agreed to all the conditions presented to it by the Federal Government regarding its operations in Nigeria. Read more…
Naira remains stable at official market as dollar supply surges by 120%
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…
International Stories
COVID-19: Omicron variant vaccine could be ready in early 2022 – Moderna
The Chief Medical Officer (CMO) of Moderna, Paul Burton has disclosed that the vaccine maker could roll out a reformulated vaccine against the new Omicron variant early next year (2022). Read more…
New Covid-19 variant Omicron cases, travel updates from around the world
Japan and Israel have banned all foreign nationals from entering their countries following the discovery of a new variant of Covid-19, while at least 44 countries have imposed travel restrictions from several African countries. Read more…
Barbados is ready to ditch Britain's Queen. For many in the country, the move has been a long time coming
Queen Elizabeth will have one less realm after this week, when Barbados severs its final imperial links to Britain by removing the 95-year-old as its head of state and declaring itself a republic. Read more…
Queen marks first wedding anniversary without Prince Philip
Britain's Queen Elizabeth II has reached her first wedding anniversary since the death of her husband, Prince Philip. Read more…
Virgil Abloh, artistic director for Louis Vuitton and Off-White founder, dies of cancer at 41
Virgil Abloh, the acclaimed menswear designer for Louis Vuitton and founder and CEO of Off-White, died Sunday of cancer, according to a post from his verified Instagram account. He was 41. Read more…
Covid: South Africa's president calls for lifting of Omicron travel bans
South Africa's president has condemned travel bans enacted against his country and its neighbours over the new coronavirus variant Omicron. Read more…
Tech Updates
Sabi targets South Africa and Kenya with its new $6 million investment
Sabi, a B2B marketplace serving Nigeria’s $244 informal trade sector, today announced the close of a $6 million bridge round to support its fast-paced growth in Nigeria and extend its services to other countries. Read more…
Business Matters
Nigeria’s exchange rate strategy discourages investors, increases inflation – World Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country. Read more…
IFRS 17: NAICOM sets January 2023 deadline for insurance firms
The Commissioner, National Insurance Commission, Mr Sunday Thomas, has said NAICOM will enforce full compliance with the International Financial Reporting Standards 17 on January 1, 2023. Read more…
Shiba Inu warns users about social media scams
As scams involving the dog-themed meme coin Shiba Inu (SHIB) are spreading rapidly across social media, the makers of the popular cryptocurrency have warned investors. Read more…
Metro
Nollywood veteran Clem Ohameze receives N8M for spinal surgery
The movie star sustained injuries after a car accident a few years ago. Read more…
Sound Sultan's widow celebrates him on his posthumous birthday
Sound Sultan died at the age of 44. Read more…
Highlights from Wizkid's show at the O2 Arena: featuring Buju, Tems, Chris Brown, Burna Boy, DJ Tunez and more
Brown and Wizkid's relationship stretches back to 2012. Wizkid also met his partner and manager, Jada Pollock through Chris Brown. Read more…
Quote of the Day
"#1 make good decisions, #2 everything else."
Rand Fishkin