Daily Juice
We have only 9 days left to the Enterprise Challenge Deadline! Have you applied?
Herconomy Community News
Herconomy Enterprise Challenge 2021 is Here!
Our Annual Enterprise Challenge is back!
Winner: N1.5 million Grant, Mentorship, Work Space
1st Runner Up: N1 million Grant, Mentorship & Workspace
2nd Runner Up: N500,000, Workspace
Click the link to apply!
Steps to participate:
1. Repost the flier on your page and tag your friends to also apply.
1. Follow @herconomy.
2. Fill out the application form here.
3. Use the Hashtags #herconomy2021
The deadline for application is the 30th of November 2021
Terms and Conditions Apply.
Local Stories
FG rehabilitates 15,000 terrorists, 366 soldiers, policemen killed in two years
At least, 366 soldiers, policemen and members of the civilian joint task force were killed in ambushes laid by terrorists in the North-East and the North-West between 2019 and 2021. Read more…
TCN begins rehabilitation and replacement of old circuit breakers in Nigeria
The Transmission Company of Nigeria (TCN) has announced that it has commenced a scheme to rehabilitate and replace old circuit breakers under its transmission network across the country. Read more…
AfDB to spend $110 million on Kano Special Agricultural Processing Zone
The African Development Bank (AfDB), has budgeted the sum of $110 million to fund projects under the Special Agricultural Processing Zone in Kano State. Read more…
Avalanche flips Dogecoin for top 10 spot
Avalanche’s native token, AVAX is now valued among the top 10 cryptocurrencies by market capitalization as the token soared to an all-time high of $146.22 yesterday, putting the market capitalization of the token at $32.21 billion. Read more…
International Stories
Justin Bieber urged to cancel Saudi show by Khashoggi's fiancee
The fiancee of murdered journalist Jamal Khashoggi has called on Justin Bieber to cancel his upcoming concert in Saudi Arabia next month. Read more…
Matt Doran: Australian TV host sorry for bungle that sank Adele interview
An Australian TV host has said he is "mortified" over an error that cost his network an interview with singer Adele. Read more…
Afghanistan: Taliban unveil new rules banning women in TV dramas
Women have been banned from appearing in television dramas in Afghanistan under new rules imposed by the Taliban government. Read more…
Police charge Amazon India executives in drug smuggling case
Senior executives at Amazon's business in India have been charged after two men allegedly used the website as part of a marijuana smuggling operation. Read more…
Tech Updates
6 Nigerian agencies unite to fight data privacy abuse by money lending fintechs
This article was meant to be published on Thursday, November 18, 2021. Before we begin, I would like to apologise for not publishing earlier and hope that you enjoy today’s article. Read more…
Business Matters
Flour Mills of Nigeria acquires Honeywell Flour Mills in ₦80 billion deal
Flour Mills of Nigeria (FMN) and Honeywell Group Limited (HGL) today announced, through a press release, that they have signed an agreement to which flour mills will acquire Honeywell Group’s portfolio company, Honeywell Flour Mills PLC (HFMP), for ₦80 billion. Read more…
Experts blame 2023 elections for N4.1tn rise in recurrent expenditure
The amount budgeted for recurrent expenditures has increased from N2.65tn spent in 2016 to N6.83tn in the proposed 2022 budget, according to data obtained from the budget implementation report of the Federal Government. Read more…
Analysts see Nigeria’s inflation rate rising in Nov, Dec
Amid the steady decline in headline inflation rates over the past few months, analysts have predicted an uptrend for the last two months of the year as the festive season approaches. Read more…
Short-term loans, others push banks’ assets to N58.51tn
Massive investments in short-term financing and other prudent measures have made the assets of 10 key commercial banks to grow by N8.09tn (a 16.06 per cent increase) to N58.51tn in one year, reports have revealed. Read more…
90 ships seized by EFCC rot away in Lagos, others
Some of the ships seized by the Economic and Financial Crimes Commission have begun to sink in waters across the country, Read more…
Nigeria’s interest in bitcoin drops due to CBN clampdown
Nigeria, Africa’s most powerful economy by GDP, is no longer at the top of the list of countries with the highest interest in bitcoin; El Salvador has surpassed Nigeria. Read more…
CBN to bar customers on watchlist from using banks, accessing loans
The Central Bank of Nigeria (CBN) has stated that individuals under its watchlist may be barred from entering a new relationship with any participant (banks) and accessing loans. Read more…
Metro
'He has dementia' - Joke Silva speaks publicly for the first time about husband Olu Jacobs' health
The veteran actress says her husband has been battling with the illness for a while. Read more…
Nigerian producer, Beats By Jayy is dead
Jayy rose from being an underground Hip-Hop producer to become one of Nigeria’s most celebrated producers. Read more…
Zenith Bank decorates Ajose Adeogun with Christmas lights
Zenith Bank has lit up Ajose Adeogun Street of the Victoria Island axis of Lagos State with its annual Christmas decoration as part of its Corporate Social Responsibility projects. Read more…
Baba Fryo wonders why Davido donated N250m to orphanages and neglected him in time of need
Baba Fryo says Davido neglected him and chose to share N250m to “orphanages that no one knows”. Read more…
OAU student: Family demands participation as autopsy holds today
The family of Timothy Adegoke, the deceased master’s student of the Obafemi Awolowo University, Ile-Ife, Osun State, has kicked against the plan to transfer the case to Abuja. Read more…
Quote of the Day
“Never let the fear of striking out keep you from playing the game.”– Babe Ruth