Daily Juice

How do you deal with random strangers being entitled to your money? Whew!

Herconomy Updates

We Outside!!!!

We are super excited for our very first social networking event of the year!

You all really turned out and registered for the Open House Session! We are now at capacity and can no longer take on more people.

Can’t wait to see you on Friday.

If you did’t make it to this particular Open House Session, don’t worry, next month is another opportunity.

Local Stories

Lagos launches urban farming to ensure afordability of food items, and boost food security

The Lagos State Government in a renewed call has urged residents to embrace the practice of urban farming as one of the ways to attain food sufficiency. This is regarded as part of the efforts aimed at boosting food security and increasing access to affordable fresh food in the state. Read more…

Marketers, labour warn as FG pushes refineries repairs to Buhari’s successor

The regime of the President, Major General Muhammadu Buhari (retd.), will not be able to complete the repairs of the comatose refineries and will be expecting the next government to continue with it. The Minister of State for Petroleum Resources, Timipre Sylva, said this on Tuesday on NTA’s Good Morning Nigeria programme which was monitored by The PUNCH. Read more…

Lagos kingship: Family defends MC Oluomo, says he’s our candidate

The Secretary of the Almaroof-Kupoluyi Family, Abdulwasiu Almaroof-Kupoluyi, has said the Lagos State Chairman of the National Union of Road Transport Workers, Musiliu Akinsanya, aka MC Oluomo, has a right to become the Oba of Oshodi. Read more…

FG one-year rent bill passes second reading in Senate

The Senate has passed for second reading, a bill seeking to stop landlords in the Federal Capital Territory from demanding advance payment of one-year rent from their tenants. Read more…

President Buhari launches N62 billion HIV Trust Fund

President Muhammadu Buhari has launched a N62 billion HIV Trust Fund of Nigeria (HTFN) to aid efforts towards ending AIDS as a public health threat and place more people living with HIV on treatment annually. Read more…

International Stories

ABC News suspends 'The View' host Whoopi Goldberg

ABC News suspended "The View" host Whoopi Goldberg for two weeks on Tuesday night, one day after she drew significant criticism for falsely declaring that the Holocaust was "not about race." Read more…

Nearly 200 human spines found threaded onto posts in Peru

Almost 200 examples of human spines threaded onto reed posts have been discovered in Peru, revealing a unique way of treating the dead that has never previously been documented in the region, according to a new study. Read more…

U.S to commence No-Interview U.S Visa Renewals in Nigeria

The U.S. Consulate General has announced that from February, it will start the No-interview U.S visa renewal services to aid non-immigrant visa applicants in Nigeria who qualify to renew their visas. Read more…

Tech Updates

Nigeria’s AltSchool raises $1 million in pre-seed funding to scale operation across Africa

AltSchool, a Nigerian startup helping individuals to gain technical skills has raised $1 million in pre-seed funding to scale its efforts in training people to become junior to mid-level engineers. Read more…

DEAL: Nigerian startup, Nestcoin raises $6.4 million in pre-seed funding

Nestcoin, Nigerian originated startup has announced the raise of $6.4 million in pre-seed funding. This is the first funding the company would be raising since it was founded. Read more…

Norrsken22 raises first $110 million of $200 million growth fund for Africa’s tech start-ups

Norrsken22 has secured a 110 million dollars growth fund for tech start-ups in Africa. Read more…

Business Matters

Nigeria’s foreign reserve falls by $481.4 million in January 2022

Nigeria’s foreign exchange reserve recorded a $481.4 million decline in the month of January 2022 to close at $40.04 billion, following the $66.17 million decline recorded in the previous month. Read more…

6.6 million Nigerians become MTN shareholders, telco rakes in N111.75bn

MTN Nigeria Communication Plc has said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians. Read more…

Oil revenue plunges as Nigeria misses January OPEC quota

Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of 1.683 million bpd as approved by the Organisation of Petroleum Exporting Countries. Read more…

We lose 50,000 barrels to oil thieves daily, says Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has lamented that his company, Heirs Oil and Gas, loses 50,000 barrels of crude oil to thieves daily. Read more…

Flour Mills records N25bn profit, plans expansion

According to a statement, the company recorded solid performance across food, agro-allied and support segments, delivering topline growth of 51 per cent in the third quarter and 49 per cent in nine months. Read more…

Marketsquare replaces Shoprite at Purplemaryland

Purplemaryland are pleased to announce the opening of Marketsquare, at the mall following the exit of Shoprite. Read more…

Revenue generating agencies to now generate N3trillion annually: NASS

The National Assembly has tasked the revenue-generating agencies of the government in Nigeria to produce N3 trillion annually. Read more…

Google declares 20-for-1 stock split, posts record Q4 earnings

As part of the tech company’s quarterly earnings statement on Tuesday, Alphabet’s (parent company of Google) board approved plans for a 20-for-1 stock split. Following the news, the stock of Alphabet rose by more than 9% after market. Read more…

Metro

Only my kids are entitled to my money – moni Oboli

In response to a troll who accused her of ignoring a plea for help during the Covid-19 pandemic, actress, Omoni Oboli, has emphatically stated that only her three kids are entitled to her money. Read more…

Precious Chikwendu recounts how Fani-Kayode beat her up 4-month after giving birth

Chikwendu says her son started witnessing his father's brutality even before he was born. Read more…

Quote of the Day

“I don’t run away from a challenge because I am afraid. Instead, I run towards it because the only way to escape fear is to trample it beneath your foot.”
Nadia Comaneci