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Herconomy Updates
Our Amazon Recruitment Week Has Started!
You can now join the Amazon Recruitment Week Sessions, today’s session is now ongoing and on the Q&A Session.
Q&A sessions will not be downloaded!!!
Local Stories
NCC raises alarm over malware that steals banking app login details
The NCC has alerted the Nigerian public to a newly discovered malicious software that steals users’ banking app login credentials on Android devices. Read more…
National Assembly snubs southern govs, excludes state police from 68 amendments
The clamour for resource control and state police by the Southern Governors’ Forum seems to have suffered a setback going by the details of the 68 amendments proposed by the Joint Senate and House of Representatives’ Special Ad Hoc Committee on the Review of the 1999 Constitution. Read more…
SSANU lampoons FG, threatens to ground varsities
THE Senior Staff Association of Nigerian Universities, on Sunday, said it would soon shut down universities because of the failure of the Federal Government to implement the Memorandum of Action it signed with the union. Read more…
ICRC says Nigeria Air to begin operations in 2023, six cargo agro airpots to be established
The ICRC has announced that Nigerian Air is to begin operations before the end of President Buhari’s administration. Read more…
International Stories
Venue for Ukraine-Russia peace talks ready -Belarus
Belarus said Monday that it had prepared the venue that will host peace talks between delegations from Ukraine and Russia, as Moscow’s offensive against Ukraine went into its fifth day. Read more…
Meta bans Russian state media from running ads on its platforms
Meta has announced the ban of Russian state media from running ads or monetizing content on its platforms. Read more…
Manchester United terminate £40million sponsorship deal with Russian-owned, Aeroflot
Manchester United has put an end to a 10-year partnership with their official team carrier, Aeroflot, amidst Russia’s invasion of Ukraine. Read more…
Tech Updates
Ukraine takes the resistance to cyberspace, assembling an “IT army” to hack sites from Russia and its allies, calls on tech leaders to get involved
As Ukraine continues to make efforts to mobilize and equip ordinary citizens on the ground to resist Russia’s unprovoked invasion of the country, those who are outside Ukraine who want to help are being asked to get involved in the fight in the virtual world. Read more…
Lenovo’s new ThinkPad kicks off Qualcomm’s new Snapdragon laptop platform
After dominating the world of high-end mobile processors for so long, Qualcomm’s got a laptop it would like to sell you. Read more…
Business Matters
Russia-Ukraine war: Fuel scarcity may continue, oil vessels face delay on sea
The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called petrol, in Nigeria, as bulk of the refined products coming into the country from the warring region and its adjoining areas are likely to face some delays. Read more…
Fuel Scarcity: Uber, Bolt hike ride fares by over 100%
Two of the biggest ride-hailing cars Uber and Bolt have increased the cost of rides within Lagos and other major cities in the country by over 100%. Most working-class Nigerians who do not have cars... Read more…
Dollar supply improves at I&E Window as FX turnover jumps to $134 million
The exchange rate between the naira and the US dollar closed at N416/$1 at the official Investors and Exporters (I&E) window. Read more…
British oil giant, BP, to sell stake in Russian oil company
The British energy giant BP has announced it would be selling 19.75% of its stake in Rosneft, a Russian oil company. Read more…
Gold, US dollar fly high as Russia’s nuclear forces stay on high alert
As the fallout from the sanctions on Russia raises demand for the world's reserve currency, the dollar is rising against virtually every peer. Read more…
Marketers compile losses on bad fuel, to demand compensation from govt
Oil marketers have commenced the compilation of losses incurred by filling stations as a result of the purchase of bad fuel imported into Nigeria in January and shall be demanding compensation from the Federal Government, it was learnt on Sunday. Read more…
FG raked in N1.69tn company tax in 2021 – NBS report
The Federal Government raked in N1.69tn from company income tax in 2021, according to statistics from the National Bureau of Statistics. Read more…
Ukraine crisis: Russian ruble hits 30% low after latest sanctions
Russia’s ruble plunged nearly 30 per cent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine. Read more…
Russian billionaire, Roman Abramovich, hands over control of Chelsea FC to club’s Foundation
Roman Abramovich has handed over Chelsea Football Club to the trustees of Chelsea’s charitable Foundation. Read more…
Metro
Bandits storm Niger wedding, abduct bride, kill eight guests
Bandits have attacked over 10 communities in Niger State, killed eight persons, abducted a bride and left several others injured. Read more…
Quote of the Day
"Honesty is the first chapter in the book of wisdom."
—Thomas Jefferson