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Herconomy Updates
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Local Stories
Some judges sell judgments, retire to escape NJC sanctions – Jega
A former Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, has said some corrupt judges are usually made part of election petition tribunals in order to corruptly enrich themselves by selling judgments to the highest bidders. Read more…
N9.7bn fraud: N4.7bn property bought with estacode, farming, says Ex-NAF chief, Dikko
The trial of a former Chief of Air Staff, Air Marshal Umar Dikko, resumed on Wednesday, before Justice Nnamdi Dimgba of the Federal High Court sitting in Abuja, with the continuation of the cross-examination of the defendant by the prosecuting counsel, Sylvanus Tahir. Read more…
As the 2021 Finance Bill scales second reading, here are the proposed key changes
The Finance Bill 2021 on Wednesday, scaled second reading in Senate. This followed a presentation of the lead debate by... Read more…
International Stories
Ethiopia war: UN halts food aid in two towns after warehouses looted'
The World Food Programme (WFP) has suspended distribution of food aid in two northern Ethiopian towns after gunmen looted its warehouses. Read more…
Farm laws: India farmers end protest after government accepts demands
Indian farmers have said they are ending a year of mass protests a week after the government agreed to abandon controversial agricultural reforms. Read more…
Tech Updates
Nigeria’s GIGM makes super-app play with new e-wallet and bills payment service
GIG Mobility (GIGM, formerly GIG Motors), a Nigeria-based mobility giant, this week launched electronic wallet and bills payment features on its app, read more…
Ivorian fintech CinetPay secures $2.4m seed investment from Flutterwave, 4DX Ventures
CinetPay, an Ivory Coast-based startup that enables merchants in francophone Africa to accept and make electronic payments online or via mobile Point of Sale (PoS) devices, read more…
Business Matters
Nigeria’s petrol imports jump by 55%, hit N2.52tn in nine months
The cost of Premium Motor Spirit, also known as petrol, imported into Nigeria from January to September this year surged by 55.56 per cent to N2.52tn from the N1.62tn spent in the same period of 2020. Read more…
Power sector privatisation records major loan default, UBA takes over disco
The United Bank for Africa Plc has taken over the majority stake in the Abuja Electricity Distribution Company and has received the endorsement of the Federal Government, the Minister of Power, Abubakar Aliyu, announced on Wednesday. Read more…
Metro
New converts stab RCCG pastor to death in Lagos church
Suspected hoodlums have attacked and killed a pastor of the Redeemed Christian Church of God in FESTAC Town, in the Amuwo Odofin Local Government Area of Lagos State. Read more…
Mo Abudu is the 98th most powerful woman in the world
Abudu joins Rihanna, Beyoncé and others on the most powerful women in the world list. Read more…
Onyeka Onwenu, Patience Ozokwor, Kate Henshaw star in intriguing stage play, "Speaking Out"
Move over as the Queen of Nigerian music, Onyeka Onwenu will grace the stage again for Speaking Out, a play from the stable of Doyenne Circle, at Agip Hall, Muson centre on January 1, 2022. Read more…
Quote of the Day
“All life is an experiment. The more experiments you make, the better.” – Ralph Waldo Emerson