Herconomy Updates
Get up to N10,000,000 Financing for Your Business!!!
As a female entrepreneur, what can your business achieve with N10,000,000 funding? 🤔
It’s no news that startups founded by men tend to receive a lot more funding that women-run startups. The stats are there!
As a company deeply devoted to the economic empowerment of women, we are working tirelessly to #breakthebias in all areas. And today, we are breaking the Bias in business funding!
This is why we are excited to announce our partnership with @altfinanceng to fund women-owned businesses for expansion.
Members of our community can expressly have access to N300,000,000 funding! Join our community for free by downloading our mobile app on android or iOS and start applying TODAY!
The sweetest part of this is the pay back rate. You only get to pay 13% over a period of 2 years. For example, if you take out 10m today, you’d only need to pay back only N11,130,000 back in total over 2 years (this is pretty much 6.5% per annum). You get a 3-month moratorium period.
Let’s break this bias together!
Apply for the Herconomy Financing for Women, powered by Sterling @altfinanceng.
Link to apply is in our bio.
Tell all the females you know! Their businesses don’t neeed to die or remain stagnant due to lack of funds.
Let’s show the world what Nigerian women are capable of when they get the money they need!
Local Stories
World Bank suspends Nigerian firm, MD for bribery
THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. Read more…
Kyari rejects prison food, inmates excited by ex-IRT boss presence
The embattled former Commander, Intelligence Response Team, Abba Kyari, has rejected food offered him by the Nigerian Correctional Service after being remanded in prison custody on Monday. Read more…
Train attack: El-Rufai carpets military, ACF laments, DHQ fails to deploy Tucano in N’West
Kaduna State Governor, Nasir El-Rufai, on Wednesday, said he was frustrated and helpless, adding that the military knew the location of the bandits wreaking havoc in the state, but was refusing to bomb their hideouts. Read more…
International Stories
Oil prices drop as Biden considers releasing reserves
Oil prices have fallen sharply after reports that the US is set to take new steps to bring down high fuel costs. The Biden administration is reportedly considering the release of up to 180m barrels of oil in the coming months from the Strategic Petroleum Reserve. Read more…
Jamal Khashoggi: Call for Turkey murder trial to be halted
A Turkish prosecutor has asked a court in Istanbul to halt the trial in absentia of 26 Saudi suspects over the killing of Jamal Khashoggi in 2018. The prosecutor said the case should be transferred to Saudi Arabia. Read more…
IMF says Russian sanction could reduce dollar’s dominance
The International Monetary Fund has stated that financial sanctions against Russia threaten to erode the US dollar's supremacy over time. Read more…
Tech Updates
Apple will no longer fix iPhones flagged as stolen or missing
Congratulations to all legitimate iPhone users. Apple says when your phone is stolen or missing, you should rest assured that it won’t be repaired if it’s broken—at least not by Apple or any of its stores and authorised providers. Read more…
Business Matters
Four banks lost N1.77bn to fraud in 2021, says report
This was contained in the 2021 financial statements of the banks.
The banks are Access Bank Plc, Guaranty Trust Bank Plc, First Monument City Bank, and Wema Bank.Read more….
Oil hits $114, OPEC laments seven million bpd loss
Brent, the crude against which Nigeria’s oil is priced, moved up in price to $114/barrel as at 4.34pm Nigerian time on Wednesday, rising by $3.72 or 3.37 per cent when compared to the previous day’s cost.Read more…
Nigerian Police raises alarm over 10,122 fake alerts in 4 days on its ‘Rescue Me App’
The Nigerian Police Force has revealed that its Rescue Me App has received 10,122 fake emergency alerts within 4 days . Read more…
Nigeria, Angola and Ghana lead globally in Women’s Entrepreneurial Activity Rate in 2021
According to the Index report in both Nigeria and Angola, women’s entrepreneurial activity rate exceeded men’s. Read more…
31.6 million Nigerians live in areas without telecom coverage – NCC report
Thirty-one million, one hundred and sixty thousand Nigerians live in areas without telecommunication coverage, according to the Federal Ministry of Communications and Digital Economy.Read more….
Metro
Bruce Willis 'stepping away' from acting because of health condition
Bruce Willis is suffering from a medical condition that is affecting his cognitive abilities and will be taking a break from acting, his family shared Wednesday. Read more…
Olu Jacobs and Joke Silva's son's marriage crashes after 3 years
The former couple got married in 2018. Read more…
Will Smith: Chris Rock's first comments since Oscars slap
Chris Rock has made his first public appearance since Will Smith slapped him during Sunday night's Oscars ceremony.
Hosting the latest leg of his US tour in Boston, the comic told fans that he is "still processing what happened". Read more…
Jada Pinkett Smith breaks silence on Oscars slap
Jada Pinkett Smith has broken her silence after the outcry over her husband slapping Chris Rock for making a joke at her expense. Read more…
Annie Idibia drags elder brother on Instagram after he accused her of being a drug addict
Annie Idibia describes her elder brother as a lazy and entitled man. Read more…
Quote of the Day
"Beauty is power; a smile is its sword."
—John Ray