Daily Juice

SMEDAN laments the $158 billion MSMEs funding gap

Herconomy Updates

Head on to the Google play store and iOS App store to download the app NOW!

And don’t forget to set up your easy save, with as little as 50 Naira.

Herconomy Conversations

Have you ever rented in Nigeria? What was your experience?

If you live in a major city like Lagos, I’m sure you’d have stories to tell.

Let’s not even get started on the ups and downs of trying to buy a house. Omo!

But wait for o, where people dey get money to buy a house for this economy? Because the thing is not economic-ing one bit.

We know these issues, and as always, we have your best interests at heart.

We will be hosting our friends from Mixta Africa to have a heart-to-heart talk with us on how we can comfortably rent and even own houses.

I don’t know about you but as for me, I am definitely not missing this!

So, join us via Instagram on Tuesday, September 27, 2022, at 6 pm

Bonus, special gift for the people who stay through the session. You’ll get to know what we are cooking when you join.

See you there!!

Herconomy Lightbox Session

This week we would be having a session on the Millenial woman's money tips to living a thriving life, with Omotade Alalade.

In this session, we would be discussing the struggles of young mums, as well as how to balance a thriving life with being a new mum.

Register to join the session using the link below.

Do you want to join the Herconomy team?

Herconomy is hiring for the following positions.

• Frontend developer

• Python developer

• iOS developer

• Software Tester

• Android developer

Please email hr@herconomy.com today to apply if you meet the requirement.

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Have you been saving with Herconomy?

We now have over 3,000 active users on our web app and we would like to know how your experience with us has been.

Thank you for trusting Herconomy to help you achieve your savings goals.

Looking forward to your reviews!

Tech Updates

Multichoice acquires Namola

MultiChoice is looking to expand its options beyond just entertainment. Last week, the DStv parent company announced its acquisition of Namola, an on-demand emergency response app. Read more…

Bamboo expands into Ghana

A Nigerian fintech and brokerage firm, Bamboo, on Thursday, announced its official launch in Ghana. John Shammas, Head of Technical Sales at DriveWealth, confirmed the latest development in a media release. Read more…

TikTok to require verification of political accounts and ban political fundraising

TikTok has begun to require “mandatory verification” for political accounts based in the United States and will be prohibiting all political fundraising on its short-video platform, the company said Wednesday. Read more…

Business Matters

Oil price falls to $86/barrel

Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on the first day of the week despite efforts by the Organisation of Petroleum Exporting Countries to stabilise the cost of the commodity. Read more…

37 firms get licences to produce 762.3MW

Fresh licenses and permits have been issued to 37 companies to produce a total of 762.3 megawatts of electricity in order to boost power supply across the country, data obtained from the Nigerian Electricity Regulatory Commission showed. Read more…

Smugglers shoot Customs officers, abandon 81,425 PMS litres

The Federal Operations Unit, Zone A of the Nigeria Customs Service,  said that suspected smugglers shot severally at officers of the service in an attempt to smuggle 81, 425 litres of Petroleum Motor Spirit at Badagry area of Lagos State in the early hours of Thursday. Read more…

Global Citizen raises $2.4bn to tackle poverty

Determined to fight poverty in the continent, the organisers of the 2022 Global Citizen Festival, say the campaign has culminated in over $2.4bn to end extreme poverty. Read more…

Zenith, NGX, and GTCO lift market turnover by N9.4 billion

Heavy transactions in the shares of Zenith Bank Plc, NGX Group Plc and Guaranty Trust Holding Company Plc (GTCO), last week, lifted the volume of shares traded on the capital market, as a turnover of 562.9 million shares worth N9.4 billion was recorded in 16,013 deals. Read more…

SMEDAN laments the $158 billion MSMEs funding gap

Small and Medium Enterprises Development Agency (SMEDAN) has bemoaned the existing $158.1 billion financing gap in the micro, small and medium enterprises (MSMEs), stating that access to capital is still one of the most significant barriers to sector growth in Nigeria. Read more…

Quote of Day

“Always remember that you are absolutely unique. Just like everyone else”. -Margaret Mead