Daily Juice
Daily Juice
Gunmen disguised as worshippers, massacred over 35 in Ondo church
Herconomy Updates
Sending thoughts and prayers to our community members in Ondo State
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Herconomy Lightbox Session
How do you negotiate your finances during a period of unending inflation?
From rising business operations cost to salary earners barely being able to meet their needs; inflation has been biting hard all around the world.
Inemesit Dike Esq. will be taking us through some of the ‘Dos and Dont’s’ of navigating inflation for both business owners and salary earners.
As an authority in Corporate Governance, Labour Law and Human Resources Management; Inemesit will be walking us through some of the Negotiables and Non-negotiables that you can work on to make the best of your finances during this period.
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Local Stories
Sit-at-Home: Unknown gunmen raze cement truck in Enugu
Unknown gunmen suspected to be enforcing the sit-at-home order, on Monday, razed a Dangote’s truck fully loaded with cement at Beach Junction, Nsukka Local Government Area of Enugu State. Read more…
Gunmen disguised as worshippers, massacred over 35 in Ondo church
There was pandemonium at Saint Francis Catholic Church, Owa-luwa Street, Owo, the headquarters of the Owo Local Government Area of Ondo State as gunmen attacked the church on Sunday. Read more…
Three die as Lagos ministry, police, and hoodlums demolish 200 buildings
Hundreds of landlords and residents have been rendered homeless after officials of the Lagos State Ministry of Physical Planning and Urban Development alongside security agents and hoodlums demolished about 200 buildings in the Oke-Ira community, in the Igbogbo Bayeku Local Council Development Area of the state. Read more…
APC primary: Buhari meets govs, party chairman, stakeholders
The President, Major General Muhammadu Buhari (retd.), on Sunday met with some select stakeholders in the All Progressives Congress including former chairmen, the current National Chairman, Abdullahi Adamu; the National Secretary, Iyiola Omisore; and some governors elected on the platform of the party. Read more…
PASAN shuts down National Assembly over outstanding 24 months minimum wage
Parliamentary Staff Association of Nigeria (PASAN) and the National Assembly Service Commission (NASC) have shut down all business and para legislative activities in the National Assembly. Read more…
Tinubu visits Owo, donates N75m to victims, Catholic Church
All Progressives Congress (APC) Presidential aspirant, Asiwaju Bola Tinubu, has pledged a N75 million donation to the victims of Owo attack, including the Catholic Church. Read more…
Strike: ASUU mulls concessions on main demands
With about 72 hours to the time limit, the Federal Government gave the Prof. Nimi Briggs Committee to conclude negotiation with the Academic Staff Union of Universities, ASUU, there are indications that the union may make some concessions in its demands from the government. Read more…
Residents flee as terrorists invade Katsina community
Many residents of Farfaru and Kwari communities in Jibia Local Council of Katsina State have fled their homes following an attack by terrorists on Saturday. Read more…
International Stories
South Korea, the US launch eight missiles in response to North Korea
South Korea and the United States responded to North Korea's launch of eight missiles Sunday by firing eight more missiles into waters off the east coast of the Korean peninsula Monday morning. Read more…
Several active shooters' in a popular Philadelphia area leave 3 people dead and 11 others wounded
A bustling entertainment district turned into a scene of carnage when multiple shooters opened fire in the South Street area of Philadelphia, killing at least three people and wounding 11 others, police said. Read more…
British Prime Minister Boris Johnson will face a vote of confidence today
According to the PA news agency, British Prime Minister Boris Johnson will face a vote of confidence on Monday, triggered by discontented lawmakers in his own party. Read more…
Ukraine war: Flight ban hits Russian foreign minister's visit to Serbia
A visit to Serbia by Russian Foreign Minister Sergei Lavrov has been cancelled because three of Serbia's neighbours have refused to let his plane use their airspace. Read more…
Ukraine war: UK to send Ukraine M270 multiple-launch rocket systems
The UK is sending its first long-range missiles to Ukraine, the defence secretary has said, despite a threat from Russia to the West. Read more…
Business Matters
Naira remains stable across FX markets as CBN continues forex intervention
The exchange rate between the naira and the US dollar closed at N419.75/$1 at the Investors and Exporters (I&E) window. Read more…
Nigeria’s reserves drop to $39.5bn
Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five per cent from $40.521bn reported by end of December 2021, according to The Punch’s calculations of reserves movements on the Central Bank of Nigeria’s website. Read more…
FG suspends $950m Eurobond borrowing over pricing, others
The Federal Government has shelved plans to raise about $950m selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising, The Minister of Finance, Zainab Ahmed, has said. Read more…
Bitcoin surge above $31K amid pending US inflation data
Bitcoin traded just around $31K, moving up marginally from Friday but still inside its tight range. Since early May, Bitcoin has fluctuated a little above and below this level, depending on the day’s events, as investors wait for unambiguous indicators regarding the path of inflation and the global economy. Read more…
Elon Musk’s wealth is down by more than $59 billion this year as Tesla stock drops to $703
After Tesla shares just hit yearly lows, tech billionaire Elon Musk’s net worth has plummeted to historic depths. Read more…
Power sector collapse imminent, stakeholders warn
Stakeholder in Nigeria’s power sector has warned that the sector faces imminent collapse as a result of myriads of challenges. Read more…
Tech Updates
Amazon is closing its Kindle store in China
Amazon is shutting down its Kindle bookstore in China, marking another retreat by a Western tech giant in the world's second-biggest economy. Read more…
Metro
Queen Elizabeth makes a surprise appearance on the balcony at the Platinum Jubilee finale
Against expectations, Queen Elizabeth has made an appearance, smiled and waved to crowds. It was a brief appearance from the Queen. Read more…
Enugu women seek more appointive positions
Women's interest group, Women Support Women (WSW), has called for more appointive positions for women in Enugu State to contribute to the development of the state. Read more…
Quote of the Day
“Commitment is what transforms a promise into a reality.” —Abraham Lincoln