Daily Juice
Nigeria airports lose out among the highest revenue routes in Africa, as airlines earn $2.139 bn in 2021
Herconomy Updates
Join the Movement!
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?
Here is Your Opportunity To Invest in Herconomy
As a member of our community, we are excited to inform you about our upcoming Seed Raise.
Here is your opportunity to invest and own a share of Herconomy as we are building the future of finance for women.
Kindly fill out the form below if you would like to be a part of Herconomy's seed raise. Further details will be shared with you. Thank you for believing in us.
Herconomy Media Parley
We are excited to be hosting our media conference today to talk more about the amazing work that we do at Herconomy, and also sensitize more women to join the Each Woman Bring One Campaign.
Look out for tomorrow’s newsletter for a summary of the event.
Tech Updates
Brave web browser cuts South Africa off from withdrawing cryptocurrency rewards
Open source Chromium-based web browser Brave has blocked South Africans from withdrawing cryptocurrency rewards earned by viewing advertisements in the application. Read more…
Google Cloud Partners With Swift Analytics
Last week, Google Cloud announced a collaboration with Syft Analytics, a South Africa-based financial reporting application to help it scale beyond South Africa. Read more…
Business Matters
Nigeria’s refineries lose 218 workers, post N69bn loss
The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive loss of N69.03bn during the review period, data from their financial statements, just released by the Nigerian National Petroleum Company Limited, showed. Read more…
NLNG’s $10bn Train-7 Project threatened over Daewoo shutdown
The scheduled completion of the Nigerian Liquefied Natural Gas Train-7 Project may be stalled, following the lingering labour dispute between members of the National Association of Plant Operators and the management of Daewoo E &C Nigeria Limited. Read more…
FSDH, AGF sign N3.8bn to boost SME portfolio
The African Guarantee Fund through its subsidiary AGF West Africa has signed an agreement with FSDH Merchant Bank of N3.8bn to scale up the bank’s SME business portfolio for an initial five-year period. Read more…
Pension funds earn 20% from infrastructure investment – Uduanu
The Managing Director and Chief Executive Officer, of Sigma Pensions, Mr Dave Uduanu, has said Pension Fund Administrators’ investments in infrastructure yielded as high as 20 per cent. Read more…
Nigeria’s non-oil export hits $2.6bn in six months – NEPC
The Chief Executive Officer of the Nigerian Export Promotion Council, Dr Ezra Yakusak, has said Nigeria’s non-oil export sector performance in the first six months of 2022 was $2.6bn. Read more…
Nigeria airports lose out among the highest revenue routes in Africa, as airlines earn $2.139 bn in 2021
No Nigerian airport is rated among the top 10 highest revenue air routes in Africa despite the country’s population and travel rate. Also, six airlines earned a total of $2.138.8 billion from 10 African cities in 2021 with Emirates taking the highest revenue on the continent. Read more…
FG’s fiscal deficit grows over 10 folds in eight years
Against drying revenues, the fiscal deficit of the Federal Government has jumped by close to 1000 per cent in the life of President Muhammadu Buhari's administration. Read more…
FSDH, AGF offer fresh N3.8 billion credit line to Nigeria’s business
African Guarantee Fund (AGF), through its subsidiary AGF West Africa, yesterday, signed an agreement with FSDH Merchant Bank Limited to the tune of N3.8 billion to scale up the bank’s small and medium-scale (SME) business portfolio for an initial five-year period. Read more…
Quote of the Day
"Believing in yourself is not for you; it's for every person who has touched your life in a significant way and for every person your life will touch the same way five minutes from now, or five centuries from now."
—Jaye Miller