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Are you ready to party? Herconomy Open House is coming to Abuja

Herconomy
May 5, 2022
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Herconomy Updates

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Dear subscriber, thank you for sticking with us through the years and reading all the news stories we have been sharing with you,

But for any community to thrive, we need to know more about you and share your stories.

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Kindly send us a DM on social media platforms or send an email to tolu@herconomy.com to share your stories!

We can’t wait to celebrate with you!

Open House is coming to Abuja!!!

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Come Party in Abuja

Local Stories

Ogun man kills friend over $150, reports self to police

A 30-year-old man, Oluwagbemiga Shogbola, has reportedly stabbed his friend, Victor Olabiyo, to death over $150 (N61,950) proceeds of a business deal between them in the Ikenne Local Government Area of Ogun State. Read more…

Police take over PDP secretariat in Abia

Armed police operatives were seen at the secretariat of Peoples Democratic Party, in Abia State on Thursday. Read more…

Strike: ASUU wants minister’s certificate withdrawn, Edo students protest

The Academic Staff Union of Universities has written to the University of Jos, demanding a probe and the recall of the doctorate degree of the Minister of State for Education, Chukwuemeka Nwajiuba. Read more…

International Stories

Amber Heard says Depp struck her when on drugs

Taking the stand, Amber Heard alleges a pattern of violence from the Pirates of the Caribbean star. Read more…

Live Voters head to polls in elections across UK 10 minutes ago

Bill Gates on Musk feud and Epstein meetings

The Microsoft tycoon talks to the BBC about divorce, conspiracy theories and Elon Musk. Read more…

Business Matters

After spending over $8bn on Ajaokuta, Nigeria imports N837bn steel

Steelmakers are sceptical about the planned concession of Ajaokuta Steel Company Limited after Nigeria imported iron, steel, and metals valued at N837.761bn in the third and the fourth quarters of 2021. Read more…

CBN warns Nigerian banks to be vigilant of transactions related to the Benin Republic

The CBN has warned Nigerian banks to be vigilant regarding transactions related to the Benin Republic. READ MORE

Okomu Oil Plc gains over N14 billion in market value, as share price hits new high

Okomu Oil Plc's share price appreciated by 10.00% to close at N161.70 per share, taking the market capitalization to N154.25 billion. Read more…

Naira hits N592/$1 at the P2P market

The exchange rate between the naira and the US dollar closed at N418/$1 at the Investors and Exporters (I&E) window, where FX is traded officially. Read more…

IMF warns Central African Republic against adopting Bitcoin

The IMF has stated that the adoption of Bitcoin as legal tender by the Central African Republic presents a number of challenges. Read more…

OPEC cuts 2022 oil demand over economic concerns

The Organisation of Petroleum Exporting Countries has revised the demand for crude oil in 2022 downward following the concerns around global economic growth. Read more…

Crude rises by 4% as EU proposes Russian oil ban

The prices of crude oil rose by four per cent on Wednesday, after the European Union unveiled plans to phase out imports of Russian oil as part of sanctions for Russia’s invasion of Ukraine. Read more…

Tech Updates

Masa Finance gets $3.5M pre-seed to build its decentralized credit protocol

Masa Finance, a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 million in pre-seed funding. According to a statement, the... Read more…

Metro

Dave Chappelle releases first statement about 'unsettling' attack

A representative for Dave Chappelle has released a statement regarding an audience member who attacked him Tuesday night while the comedian was performing at the Hollywood Bowl in Los Angeles. Read more…

Ray J claims Kim Kardashian and Kris Jenner were in on s*x tape leak

American singer Ray J has claimed that his ex Kim Kardashian and her mother Kris Jenner partnered to release their sex tape. The reality TV star made this known during an explosive interview with Daily Mail. Read more…

Lagos pastor jailed for life for raping friend’s twins, court faults parents

Justice Abiola Soladoye of the Ikeja Domestic Violence and Sexual Offences Court on Wednesday sentenced a 54-year-old pastor, Michael Oliseh, to life imprisonment for raping his friend’s 12-year-old twin daughters. Read more…

One way: Hit-and-run Lebanese crushes lady’s leg in Lagos

A Lagos-based Lebanese hit-and-run driver, John Greg, has crushed the leg of a lady, Omotomi Akinsanya. Read more…

Quote of the Day

“When you have a dream, you’ve got to grab it and never let go.”
— Carol Burnett

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