Daily Juice
Telcos, and banks to collect VAT on taxable supplies
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!!!
We hit a milestone🎉
We say a very big thank you to all the amazing women that made this possible.
we are on a mission to 50,000!
What is your number? Join the movement! And bring someone along with you.
Tech Updates
Tech workers risk job losses as investment slows
The Nigerian tech ecosystem is a vibrant, innovative display of youth ingenuity. It is a thriving economy that is home to 19,344 employees, according to a report by Disrupt Africa. Read more…
Jumia co-founders Sacha Poignonnec, and Jeremy Hodara step down as Co-CEOs, share price tanks
The Co-founders of Jumia Group, Sacha Poignonnec and Jeremy Hodara, have stepped down as Co-CEOs of the e-commerce firm. Read more…
Business Matters
NGX reopens physical trading after 32 months of trading remotely
The Nigerian Exchange Limited (NGX) has announced the reopening of its physical trading floor after 32 months of trading remotely following the emergence of the COVID-19 pandemic. Read more…
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…
NECA, agents knock FG’s multiple taxes
Clearing agents operating at the nation’s seaports and the Nigeria Employers Consultative Association have criticised the rising Federal Government’s taxes on businesses, saying that the situation will have a negative effect on the nation. Read more…
Marketers say tough times as petrol hits N200/litre
The cost of Premium Motor Spirit, popularly called petrol, has risen to as high as N200/litre at depots, which means that motorists should brace up to buy PMS above N200/litre at filling stations. Read more…
FG’s six-month expenditure exceeds revenue by N6tn
The Federal Government’s spending in the first six months of 2022 exceeded revenue by N6.23tn, the latest figures from the Central Bank of Nigeria have revealed. Read more…
Why COP 27 must focus on $100bn climate finance
On Sunday, November 6, 2022, world leaders, for the 27th time, gathered in Sharm El-Sheikh, Egypt, to proffer solutions to climate change challenges. Read more…
Operator seeks review of the naira redesign plan
Expert and Chairman of AACS, a management consulting and policy formulation firm, Dr Ayo Abina, has advised the Central Bank of Nigeria CBN to review its naira redesign exchange period from 90 days to 45 days for all amounts in excess of N500,000. Read more…
Telcos, and banks to collect VAT on taxable supplies
MTN, Airtel and deposit money banks in Nigeria have been appointed by the Federal Inland Revenue Service to withhold or collect the value-added tax charged on all taxable supplies made to them and remit the same to the agency. Read more…
Quote of the Day
“Do you want to know who you are? Don’t ask. Act! Action will delineate and define you.”
—Thomas Jefferson