Daily Juice
Twitter mass layoffs affect African team
Herconomy Updates
On the 1st of October, Herconomy called on women to change the narrative.
In the Herconomy Each Woman Bring One Campaign, we want to get 50,000 women to start saving by December 2022.
Not yet saving with us? Join the movement with these 3 easy steps;
Download the Herconomy app from the buttons below.
Start saving with as little as N100
Share your referral link with all the women you know to join you.
Together we can achieve a culture of savings for women. What is your number?
Herconomy is Live at Lagos International Trade-fair
Catch us live at the Lagos International Trade fair from the 4th-13th November 2022 and stand a chance to get a gift from us!!!
Tech Updates
Broadband: NCC sets up N800 billion National Communications Backbone project
The Nigerian Communications Commission (NCC) has set up an N800 billion National Communications Backbone project to fast-track broadband infrastructure deployment across the country. Read more…
Twitter mass layoffs affect African team
The mass layoffs announced on Twitter have affected the newly-formed African team of the social media platform based in Ghana. A former Senior Partner Manager at the Twitter Africa office, Bernard Kafui Sokpe, announced his exit from the company on Friday. Read more…
MTN Sells Afghan Unit to Beirut Firm in New Middle East Exit
MTN Group Ltd. is selling its Afghanistan business to Beirut-based M1 New Ventures for $35 million as Africa’s largest wireless carrier continues to reduce its presence outside the continent. Read more…
Business Matters
Naira crashes to an all-time low of N1005/1£, Nigerians react
The Nigerian currency has crashed to a historic low against the British Pound Sterling after crossing the symbolic N1000 mark at the parallel market. Read more…
FG to begin disposing of forfeited assets acquired with crime proceeds – ICPC
The Nigerian government, through the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has announced that it will begin the process of disposing of assets forfeited through the Proceeds of Crime (Recovery and Management) Act (POCA). Read more…
Japan leverages fair for improved ties with Nigeria
The Trade Commissioner and Managing Director, JETRO Lagos, Taninami Takuma, explained that Nigeria is a big market to ignore, maintaining that more Japanese companies are looking forward to investing in the country. Read more…
FG eyes N834tn to meet net zero target
The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting the country’s Energy Transition Plan. Read more…
Pension assets fall by N2bn in one month
The total assets under the contributory pension scheme lost nearly N2bn in one month. This was contained in the National Pension Commission’s latest report titled, ‘Unaudited report on pension funds industry portfolio for the period ended 30 September 2022.’ Read more…
Stock investors lose N3.28tn in three months
Stock market investors on the floor of the Nigerian Exchange Limited lost N3.28tn of their investment between August 1 and October 31, 2022. Read more…
Lead Nigeria to COP27, Buhari directs environment minister
The President, Major General Muhammadu Buhari (retd.), has directed the Minister of Environment, Mohammed Abdullahi, to represent him at the United Nations Conference of Parties 27 as head of Nigeria’s delegation. Read more…
NAICOM urges shareholders to demand insurers’ accountability
The Commissioner for Insurance, Mr Sunday Thomas, has said it is important for shareholders to ask the management of the insurance companies questions on how their companies are being managed. Read more…
SON commences free nationwide calibration services to manufacturers
The Standards Organisation of Nigeria (SON) has flagged off a free nationwide calibration for industries to ensure equity and fairness in measurement to enable Nigerian products to compete in the global market. Read more…
Quote of the Day
“A vow is fixed and unalterable determination to do a thing when such a determination is related to something noble which can only uplift the man who makes the resolve.”
—Mahatma Gandhi