Daily Juice
Meet the 23 Nigerian startups shortlisted for Google’s $4 million Black Founders Fund
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It can be pretty stressful moving back to morning wakeups and drop-offs.
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September With Herconomy
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Tech Updates
Meet the 23 Nigerian startups shortlisted for Google’s $4 million Black Founders Fund
Google on Tuesday announced that 60 African tech startups have been shortlisted to receive funding from its $4 million Black Founders Fund (BFF). Expectedly, Nigerian startups dominated the list accounting for 23 out of the 60 selected across Africa. Read more…
Huawei launches the first smartphone to connect to China’s rival GPS
Huawei launched the flagship Mate 50 in China without 5G internet connectivity due to U.S. sanctions that have cut it off from key components. Read more…
Business Matters
Insecurity, FX crisis cut capital inflows by 23%
Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent. Read more…
FG rakes in N127.03bn tax from calls, SMS
The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and communication services in the first six months of the year. Read more…
Currency in circulation falls to N3.24tn
Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, the latest figures on currency from the Central Bank of Nigeria have revealed. Read more…
FG grows VAT by 20%, rakes in N1.2tn
The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20 per cent to N1.2tn in the first six months of 2022. Read more…
Nigeria’s best-performing Oil and Gas stocks in August 2022
A recent report by the National Bureau of Statistics (NBS) identified the oil and gas sector as having the highest contraction in the second quarter of this year 2022. Read more…
Panic sell in the crypto market, over 100K investors liquidated as Bitcoin drops to $18.5K
For the first time in more than 60 days, the flagship crypto has fallen below $19K. Bitcoin seems to be losing value among investors for a variety of reasons. The asset’s decline is, as usual, directly associated with the performance of the American stock market. Stocks were lower today after a tumultuous trading session, in part because of concerns that the Federal Reserve will keep raising interest rates. Read more…
Nigerian Exchange extends decline by N187 billion as sell pressure intensifies
Equity trading on the floor of the Nigerian Exchange Limited (NGX) witnessed another drop in share prices as bears sustained their grip on the local bourse for the second straight trading session. Read more…
Nigeria has a revenue problem, not a debt problem – Budget Office
The Budget Office of the Federation has stated that contrary to media reports of Nigeria having a debt problem, Nigeria’s revenue to GDP ratio is one of the lowest in the world, which is an underlying cause of the debt service to government revenue ratio. Read more…
Quote of the Day
"There is only one role for being a good talker—learn to listen."
—Christopher Morley