Daily Juice
The Omicron Variant has been confirmed in Nigeria, and now Canada bans travel from Nigeria
Herconomy Updates
More Time to Apply!
The Herconomy Enterprise Challenge deadline has now been shifted till the 17th of December to allow even more female-owned businesses to apply for the grant.
So it’s time, give your pitch your very best shot, go all out and come Wow the team and judges during the finale.
We Are Waiting!
Local Stories
NCDC confirms two cases of Omicron variant in Nigeria
Says cases linked to passengers from South Africa
The Nigeria Centre for Disease Control on Wednesday morning confirmed the first case of the Omicron variant in the country. Read more…
FG warns of rising population, emphasizes urgent need to plan
The Federal Government has stated that Nigeria’s rising population is a cause of concern in the future, warning that it needs to implement policies to deal with the rising population growth rate and keep the growth rate in check. Read more…
Reps retain NIPOST’s powers over stamp duty in new amendment
The House of Representatives, on Tuesday adopted the report by the Committee on Communications on the Nigerian Postal Service Act (Amendment) Bill, Read more…
Omicron: Canada extends travel ban to Nigeria
The Canadian Government has announced a ban on travellers who have visited African nations including Nigeria, Malawi and Egypt, amid worries over the spread of the Omicron variant of the Coronavirus. Read more…
Lagos rejects panel’s casualty figure, says one killed in Lekki
The Lagos State Government has rejected the resolution of the Judicial Panel of Inquiry on Restitution for Victims of SARS Related Abuses and Other Matters that no fewer than nine persons lost their lives when armed soldiers stormed the Lekki toll gate to disperse #EndSARS protesters on October 20, 2020. Read more…
Illegal recruitment: Buhari vows sanctions, ICPC indicts Ngige ministry, others
The President, Major General Muhammadu Buhari (retd.), says he will sanction those who bring in personnel into the public workforce through illegal recruitment, pad their payroll and retain ghost workers. Read more…
International Stories
300,000 children newly infected with HIV in 2020 – UNICEF
The United Nations Children’s Fund has revealed that at least 300,000 children were newly infected with HIV in 2020, which translates to one child every two minutes. Read more…
CNN suspends Chris Cuomo indefinitely
CNN is suspending prime time anchor Chris Cuomo "indefinitely, pending further evaluation," after new documents revealed the cozy and improper nature of his relationship with aides to his brother, former New York Gov. Andrew Cuomo. Read more…
Alice Sebold apologises to man cleared of her rape
American author Alice Sebold has apologised for her part in the wrongful conviction of a man who was cleared last week of raping her in 1981. Read more…
Students describe barricading doors with tables during Michigan high school shooting that left 3 dead and 8 injured
Students at a Michigan high school described terrifying scenes of barricading doors with desks and escaping out of windows during a shooting that left three dead and eight others injured. Read more…
Tech Updates
Nigeria’s Payourse secures $600k pre-seed to accelerate crypto adoption across Africa
By creating more secure saving and trading options as well as frictionless cross-border payment and instant local remittance, crypto continues to solve the persistent inefficiencies in Africa’s conventional financial systems. Read more…
Business Matters
Naira maintains rate for 5 consecutive days despite drop in FX liquidity
The exchange rate between the naira and the US dollar closed at N415.07/$1, at the official Investors and Exporters (I&E) window. Read more…
Nigeria’s currency in circulation hit all time high of N2.97 trillion for October 2021
The total currency in circulation in Nigeria hit an all-time high of N2.97 trillion as of October 2021, data from the central bank’s money and credit stats reveal. Read more…
Nigeria attracts $9.22 billion diaspora remittance in H1 2021, increases by 16%
Diaspora remittances into Nigeria increased by 15.6% QoQ to $9.22 billion in H1 2021 compared to $7.98 billion recorded in the second half of 2020. It also represents a marginal 2.2% increase compared to $9.02 billion recorded in the corresponding period of 2020. Read more…
Grayscale launches Solana-backed Trust
Grayscale, a digital asset management and investment firm with $53.5 billion Asset Under Management (AUM) as of the time of this writing, has launched a Solana Trust which will be the firm’s 16th product in its collection of investment offerings. Read more…
DMO says public debt saved Nigeria from recession twice
Debt Management Office (DMO) has asserted that debt pulled Nigeria out of recession twice, making it a major propeller of growth. Read more…
Petrol may sell above N340/litre, marketers plan imports amidst forex crisis
The pump price of Premium Motor Spirit, popularly called petrol, may go higher than the projected N340/litre in February 2022 when the Federal Government removes its subsidy on the commodity, oil marketers said on Tuesday. Read more…
Mushroom growers seek inclusion in CBN programme, eye $45.3bn market
The National Mushroom Growers, Processors and Marketers Association of Nigeria has called on the governments to address challenges hindering growth in the mushroom subsector in the country. Read more…
N97bn shares’ sale not to exit Nigeria, says MTN
MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail investors. Read more…
Metro
Gucci family hits out at portrayal in 'House of Gucci' movie
The heirs of former Gucci fashion house chairman Aldo Gucci have hit out at Ridley Scott's "House of Gucci" movie. Read more…
Quote of the Day
“Life is ten percent what happens to you and ninety percent how you respond to it.”
Charles Swindoll