Daily Juice
2G and 3G Networks to be Retired
Herconomy Updates
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?
Herconony Conversation; Each Woman Bring One Special
Everyone has a savings story and in line with our Each Woman Bring One Campaign, Blessing Bashir would be sharing with us, tomorrow on IG Live by 7 pm, her story on savings and her relationship with money in general.
You do not want to miss out on this session!!! Follow us on Instagram so you do not miss out on this.
Tech Updates
2G and 3G Networks to be Retired
The UK Government have been working with mobile network operators to begin the retirement plan for 2G and 3G cellular networks. This will allow 4G and 5G networks to get better coverage and a speed boost from repurposing of the old 2/3G spectrum, providing a more reliable experience and super clear connection. Read more…
Business Matters
CBN releases $3.5bn for foreign education under Buhari
Data obtained from the website of the Central Bank of Nigeria on Sunday revealed that Nigeria’s educational sector suffered massive capital flight during the regime of the President, Major General Muhammadu Buhari(retd). Read more…
Rising inflation drives consumption expenditure to N57tn
Rising inflation drove Nigerians’ consumption expenditure to N57.08tn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding period of 2021, according to the ‘Nigerian Gross Domestic Product Report (Expenditure and Income Approach)’ report by the National Bureau of Statistics. Read more…
Reps summon 63 agencies for spending N2tn illegally
The House of Representatives Committee on Public Accounts has summoned 63 institutions of the Federal Government to implement budgets not presented by the President and passed by the National Assembly, leading to illegal spending totalling over N2 trillion. Read more…
Lagos govt pays N45bn into workers’ pension accounts
Lagos State Government has paid N44.5bn into workers’ retirement savings accounts, covering May 2019 to October 2022. The Director-General, of Lagos State Pension Commission, Mr Babalola Obilana, spoke at the 23rd Retirement Benefit Documentation Seminar for employees due to retire from Lagos State Public Service between January and July 2023. Read more…
Binance to acquire rival FTX
Sam Bankman-Fried has undergone a rapid transformation from top of the heap in the world of cryptocurrencies as chief of the FTX digital exchange to embattled executive forced to seek help from rival Binance. Read more…
Rising Prices: Nigerians spend N57.1 trillion on household consumption in 6 months
Nigerians continue to grapple with the high cost of goods and services, having spent a whooping sum of N57.1 trillion on household items in the first six months of the year. Read more…
Experts on how the naira is reacting to proposed redesigning
Experts have attributed the sudden appreciation of the naira in the foreign exchange market last week to the interplay of different factors. Read more…
Quote of the Day
"He who is not courageous enough to take risks will accomplish nothing in life."
—Muhammad Ali