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Two million people will start receiving N20bn monthly from June -FG

Herconomy Updates

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Local Stories

PDP politicians stole soldiers’ salaries during tenure – Presidency

The Presidency on Sunday in Abuja has faulted the Peoples Democratic Party Governors Forum for declaring the All Progressives Congress unfit to participate in the 2023 general elections. Read more…..

Two million people will start receiving N20bn monthly from June -FG

Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. Read more….

NIN-SIM linkage: FG orders telcos to block outgoing calls on unregistered SIMs

Telecommunication companies in Nigeria have been ordered by the federal government to block all outgoing calls on unlinked SIM cards. Read more…

FG issues new Covid-19 travel protocol guideline for passengers, airlines effective April 4

The FG through the Presidential Steering Committee (PSC) on Covid-19, has introduced a new international travel guideline for passengers and airlines. Read more…

CBN warns banks against circulation of mutilated banknotes, violation to attract 400% penalty

The CBN has warned banks against the practice of circulating composed banknotes which is part of their deposits with the apex bank. Read more…

International Stories

Images of dead civilians in Ukraine shake the world

"This is genocide."

That's how Ukrainian President Volodymyr Zelensky described the shocking images of at least 20 civilian men's bodies strewn across the street in Bucha, northwest of the capital of Kyiv, following the withdrawal of Russian forces from the area. Read more…

Russia Invades Ukraine

Ukrainian President Volodymyr Zelensky called for an end to Russian "war crimes," as the ongoing retreat of Russian forces around Kyiv reveals alleged atrocities. Read more….

Canada welcomes 35,260 new immigrants as permanent residents in one month

Canada accepted a total of 35,260 new permanent residents in the month of January 2022, setting off to reach its target of inviting over 400,000 new immigrants... Read more…

Tech Updates

Two years on, what has #YouTubeBlack Voices done for African creators?

When TNC Africa, a Nigerian television production company, wanted to launch long-form video content that tells original African stories to the world, it chose YouTube as its medium. Read more…

Built by ex-Nasdaq engineer, daba wants to enable retail investing in African startups.

After co-founding and running Afrika Startup Lab—a non-profit that connects African founders with mentorship and training—for nearly 2 years, US-based entrepreneurs Boum III Jr and Anthony Miclet are familiar with many of the challenges founders and startups based on the continent face, chiefly among which is lack of access to capital. Read more…

Business Matters

CBN imposes heavy sanctions on banks over mutilated notes

The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. Read more…

FG’s new borrowings rise by 278.03% in six years

The Federal Government’s thirst for debts appears to have deepened as new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021, The PUNCH has learnt. Read more….

Food imports exceed exports by N2.23tn in 12 months

The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding export value by N2.23tn, findings have revealed. Read more…

FG grants three-year tax relief to 33 companies, bars 10 firms

The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. Read more…

Amid CBN interventions, Naira depreciated by N22 on the black market in Q1 2022

Despite multiple interventions by the Central Bank of Nigeria to defend the Naira, the Naira fell by N22 in the first quarter of 2022. Read more…

Metro

Pastor’s baby killed as wife, female members fight over an alleged affair with cleric

Men of the Ogun State Police Command have arrested a 50-year-old pastor, Isaac Akinbola, and two female members of his church for allegedly assaulting his wife, Dasola Akinbola, leading to the death of their eight-month-old baby, Obadiah Akinbola. Read more

Abuja woman disappears with five-year-old girl after tricking brother

The family of a five-year-old girl, Success Abi, has been thrown into confusion following her disappearance in Abuja. Read more….

Denzel Washington speaks publicly about Will Smith Oscar slap

Denzel Washington spoke publicly about his interaction with Will Smith on Oscar night and what happened after Smith slapped Chris Rock on stage. Read more…

Grammy winners 2022: The full list

The 2022 Grammy Awards were presented Sunday.

A list of nominees in several major categories follows below, with winners indicated in bold.

You can see the full list of nominees and winners in more than 80 categories. Read more…

MI Abaga set to wed Eniola Mafe

The couple will be walking down the aisle later in the year. Read more…

Angelique Kidjo wins another Grammy award, praises Burna Boy, Yemi Alade, Mr. Eazi

The album also features Burna Boy, Yemi Alade, Mr Eazi and more on different songs. Read more…

Quote of the Day

"By constant self-discipline and self-control, you can develop greatness of character."
—Grenville Kleiser