Daily Juice
FTX crypto exchange owes biggest creditors $3.1bn
Herconomy Update
On the 1st of October, Herconomy called on women to change the narrative.
In the Herconomy Each Woman Bring One Campaign, we want to get 50,000 women to start saving by December 2022.
Not yet saving with us? Join the movement with these 3 easy steps;
Download the Herconomy app from the buttons below.
Start saving with as little as N100
Share your referral link with all the women you know to join you.
Together we can achieve a culture of savings for women. What is your number?
Herconomy Conversations
As a woman, mother and wife, learning how to properly manage your family finances is an important step to attaining financial independence, not just for yourself but for your entire family.
Join us Today, Monday 21st of November on IG live by 6 pm, as our speaker, Toju Oluwatoyinbo an expert coach in marriage and relationships, speaks to us about managing our family finances to ensure financial growth and marital bliss.
Follow us on Instagram so you don’t miss out on this session.
Tech Updates
JUMIA SUSPENDS ITS PRIME SERVICE
The “Amazon of Africa” has been having a fulfilling year.
In Q3, Jumia reported $50.5 million in revenue, a 6% growth compared to $47.6 million in Q2, and an 18.4% increase compared to $42.7 million in revenue in the same period last year. Gross merchandise value (GMV) declined to $240.7 million from $252.7 previous quarter despite increasing from $238.1 million realised in the previous quarter. Read more…
FTX crypto exchange owes biggest creditors $3.1bn
Cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn (£2.6bn), according to a court filing.
The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors but has not named any. Read more…
Business Matters
Nigeria risks food crisis in 2023, says IMF
The International Monetary Fund has said that Nigerians should brace up for higher food prices/ risks in 2023 due to recent floods and high fertilizer prices. Read more…
Nigeria exported 36% of value-added products in H1 – NEPC
According to the Nigerian Export Promotion Council, Nigerian businesses exported 36 per cent of value-added products in the first six months of 2022. Read more…
Shareholders fault CBN’s N453bn levy on banks
The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of a 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria. Read more…
Investors’ wealth appreciates by 1.22 per cent in five trading days
Bargain hunting in the shares of some banks and insurance stocks, especially AXAmansard and Union Bank of Nigeria, lifted the Nigerian Exchange Limited (NGX) all-share index and market capitalisation appreciated by 1.22 per cent to close the week at 44,492.73 points and N24.234 trillion respectively. Read more…
NCC says 5G spectrum auction bidders must pay a $27.36 million deposit
The Nigerian Communications Commission (NCC) said that anyone interested in participating in the forthcoming 3.5GHz spectrum auction for 5G would have to pay the sum of $27.36 million as Intention-to-Bid Deposit (IBD). Read more…
IMF revises Nigeria’s 2022 growth projection downwards to 3%
Nigeria’s projected GDP growth for 2022 has been lowered by the International Monetary Fund (IMF) from 3.4% to 3% due to Nigeria’s weak oil production and the heavy impact of flooding. Read more…
Quote of the Day
“The path to success is to take massive, determined actions.”
—Tony Robbins