Daily Juice

It's six days left to the Enterprise Challenge Deadline! Have you told a friend about it?

Herconomy Updates

6 Days Left to Apply for the Herconomy Enterprise Challenge

We have only six days left till the deadline for the Herconomy Enterprise Challenge.

You can still apply here and stand the chance to win up to N1.5 million naira amongst other things. Do you know any woman with an SME who will benefit from this Grant?

Don’t forget to share this with them.

Local Stories

#EndSARS: Amnesty, others knock FG as Lai rubbishes Lekki massacre report

The Federal Government, on Tuesday, snubbed the call by the United States and the United Nations for the implementation of the leaked report of the Lagos State Judicial Panel of Inquiry on Restitution for Victims of SARS Related Abuses, rubbishing the report in its entirety. Read more…

EFCC deepens Odili’s N100bn scam probe, NIS holds on to passport

The Economic and Financial Crimes Commission has deepened the investigation of a former Governor of Rivers State, Peter Odili, over alleged fraud to the tune of N100bn even as the Nigeria Immigration Service has continued to hold on to the former governor’s passport on the instruction of the EFCC. Read more…

Panel fails to quiz Bala-Usman six months after suspension as NPA boss

The panel inaugurated by the Minister of Transportation, Rotimi Amaechi, to probe the suspended Managing Director of the Nigerian Ports Authority, Hadiza Bala-Usman, has failed to quiz her over six months after she was suspended, read more…

Immigration: FG launches enhanced e-passport in the UK

The Federal Government announced the launch of an enhanced e-passport, which they say will improve the passport application process for Nigerians at home and in the Diaspora. Read more…

Ex-minister Fani-Kayode arrested by EFCC for alleged forgery

Mr Femi Fani-Kayode, a former Nigerian Minister of Aviation has been arrested by the Economic and Financial Crimes Commission, in Lagos, on Tuesday, for alleged forgery. Read more…

Revenue allocation: Kano and Lagos demand 1% in Revenue Allocation Formula

The Governor of Kano state declared that due to the size of Lagos and Kano states, both states are demanding 1% in Nigeria’s new revenue allocation formula and have submitted proposals to the federal government. Read more…

Stock trading volume drops, market cap stalls at N22.58tn

The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of trading on Tuesday as trading volumes fell, reversing Monday’s uptrend. Read more…

CBN disburses N41.2bn to cut wheat imports

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn under its intervention schemes to cut wheat production. Read more…

Experts back CBN’s decision to retain 11.5% interest rate

Economic and financial experts have supported the decision of the Monetary Policy Committee of the Central Bank of Nigeria to again retain all monetary parameters, including the benchmark interest rate. Read more…

Lagos diverts traffic at outer Marina for rail project, provides alternative routes

The Lagos State Government has announced the diversion of traffic on outer Marina Road in Lagos Island as part of its continued efforts in the ongoing Blue Line Rail Project. Read more…

International Stories

Karim Benzema: French footballer guilty in sex tape blackmail case

France and Real Madrid striker Karim Benzema has been found guilty of conspiring to blackmail a fellow French footballer with a sex tape. Read more…

Sweden votes in Magdalena Andersson as first female PM

Magdalena Andersson has been approved by Sweden's parliament as the country's first ever female prime minister, replacing Stefan Lofven as leader of the centre-left Social Democrats. Read more…

Tech Updates

Davido launches social token ‘$ECHOKE’

Davido took to his Instagram account to announce the launch of a new social token, going by the ticker, ‘ECHOKE.’ The ticker, ECHOKE comes from a slang the Nigerian Afrobeats artist commonly uses, which ultimately became an internet slang that means ‘pressure.’ Read more…

UK-based tech company Torilo, with a presence in Nigeria, launches the all-in-one productivity tool, Bizedge

On Friday, November 19, 2021, Torilo, a tech company headquartered in the UK with a presence in  Nigeria building groundbreaking tech solutions for business growth and development, launched its latest product — Bizedge. Read more…

FarmBit receives $240k Seed funding from top crypto Angel Investors and partners with Despace Protocol

Millions of small businesses from emerging markets have stayed offline for the past decade due to the financing gap between these businesses and traditional financial institutions. Read more…

Business Matters

Dollar shortage, subsidy, deficit financing threatening Nigeria’s growth – W’Bank

The World Bank has said that economic growth in Nigeria is being threatened by certain macroeconomic challenges, including dollar shortage, petrol subsidy and the fiscal deficit financing by the Central Bank of Nigeria. Read more…

Govs say subsidy’ll hamper salaries in 2022, back N5,000 grant

Governors of the 36 states of the federation have agreed to back the Federal Government’s plan to give poor Nigerians N5,000 transport palliative, arguing  that if the fuel subsidy regime continues, state government will be unable to pay salaries in 2022. Read more…

Nigeria’s current account deficit drops to $424 million in Q2 2021

Nigeria recorded a current account deficit of $424 million in the second quarter of 2021, dropping to its lowest level in over two years. This is according to data on Nigeria’s balance of payment from the Central Bank of Nigeria (CBN). Read more…

Naira gains at official window as liquidity improves significantly

The exchange rate between the naira and the US dollar closed at N414.8/$1, at the Investors and Exporters (I&E) window, where forex is traded officially. Naira appreciated against the US dollar on Tuesday with a 0.07% gain to close at N414.8/$1 compared to N415.07/$1 recorded on Monday, 22nd November 2021. Read more…

Metro

Adele breaking records again with her latest album, 30

The British singer is no stranger to breaking records with her albums and her latest one is off to a great start. Read more…

British actor Damson Idris mourns Baba Suwe, says actor taught him comedy

The actor played the lead in Adewale Akinnuoye-Agbaje's semi-autobiography 'Farming'. Read more…

Quote of the Day

“The big lesson in life, baby, is never be scared of anyone or anything.”–

Frank Sinatra