Daily Juice
Are you experiencing power shortages? "Power generation drops by 1,119.6MW"
Herconomy Updates
Important Notice: App Downtime
We apologise for any inconvenience. You can still contact us or make requests via email at info@herconomy.com.
Local Stories
BPE names management team for disco taken over by UBA
The Bureau of Public Enterprises on Thursday named members of the interim management team for the Abuja Electricity Distribution Company which was taken over recently by the United Bank for Africa. Read more…
FG begins giving booster shots, US donates 2.5 million doses
The Federal Government will today (Friday) begin the administration of booster doses of COVID-19 vaccines. Read more…
Katsina state orders restoration of telecom services in 15 LGAs
The Katsina State Government has ordered the restoration of telecoms services in Local Government Areas which have been heavily affected by growing banditry and terrorism. Read more…
Okonjo-Iweala, Mo’ Abudu feature on Forbes 2021 most powerful women list
Forbes, a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle has featured Nigeria’s Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO) and Mosunmola Abudu, read more…
International Stories
Larry Hoover: Kanye and Drake set aside feud for prisoner concert
For the past few years we've seen the former friends locked in a war of words, lyrics and even emojis. But they've put that to one side for a concert to raise awareness for a man they both want to be freed from jail. Read more…
Mexico truck crash: At least 54 people killed as trailer overturns
At least 54 people have been killed and scores more injured after the truck they were being transported in crashed in southern Mexico, authorities say. Read more…
Matthew Hunt: Killer of New Zealand policeman sentenced to life in jail
A New Zealand man has been sentenced to life in jail for the murder of a policeman that horrified the nation last year. Read more…
Tech Updates
WhatsApp begins testing currency payments with Novi wallet
Meta has not stopped developing its digital wallet, Novi, despite opposition from some senators in the United States. Read more…
How Nigeria is using Gricd’s tech to save 4.2 million vaccines from wastage
Nigeria’s National Primary Health Care Development Agency (NPHCDA) has teamed up with Gricd—a cold chain technology company—to use the Internet of Things (IoT) to deliver 4.2 million doses of the Moderna COVID-19 vaccine to all 36 states of the country and the Federal Capital Territory (FCT), Abuja. Read more…
Business Matters
TotalEnergies, partners unveil projects in Nigeria
TotalEnergies and its partners on the Oil Mining Lease 130 have announced the inauguration of 11 projects across the six geopolitical zones of Nigeria this year. Read more…
CBN to give 10,000 Bauchi farmers N5.7bn for dry season farming
The Central Bank of Nigeria has set aside over N5.7bn to give as loan to 10,000 farmers to encourage dry season wheat farming in Bauchi State. Read more…
Afreximbank, firm sign $2bn deal for Nigeria’s floating LNG
UTM Offshore, a Nigerian marine and services group, and the African Export-Import Bank have signed a Memorandum of Understanding to raise $2bn for the development of Nigeria’s first floating liquefied natural gas project. Read more…
Power generation drops by 1,119.6MW, sector’s growth falls by 45%
Nigeria’s power sector decreased in growth by 45 per cent in real term in the third quarter of this year when compared to the preceding quarter, data from the National Bureau of Statistics showed. Read more…
Data war: MTN, Airtel, others lose over 14 million subscribers in one year
MTN, Airtel, Glo, and 9mobile lost over 14 million data subscribers between November 2020 and October 2021. Read more…
Crypto assets may displace local currencies in developing countries — IMF
The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution by crypto assets. Read more…
DMO auctions N100 billion of FGN bonds in December
The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has offered up for subscription N100 billion worth of FGN bonds by auction in December 2021. Read more…
Exchange rate remains stable at official market as forex supply rises by over 100%
The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors and Exporters (I&E) window. Read more…
Real Madrid secures £225 million loan to build underground greenhouse to store club stadium’s grass
Spanish giants, Real Madrid announced via a club statement that it has secured a new loan for a total amount of £225 million for the ongoing development of their stadium, Santiago Bernabéu. Read more…
Metro
Jussie Smollett: Actor found guilty of lying about attack
US actor Jussie Smollett lied to police when he claimed to have been the victim of a racist, homophobic assault, a Chicago jury has found. Read more…
'Tems is in my top three,' says Wizkid
Wizkid also thanked Apple Music for the award. Read more…
Fans now able to rent iconic 'Home Alone' house
The iconic McCallister house is available to rent for an overnight stay this Christmas season. Read more…
Quote of the Day
“Throughout life people will make you mad, disrespect you and treat you bad. Let God deal with the things they do, cause hate in your heart will consume you too.” — Will Smith