Daily Juice
Daily Juice
On the news today; Nigeria's inflation rates hit 17.7% while US raises interest rates to fight inflation, and the naira continues to fall against the dollar...
Herconomy Updates
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MAC & Herconomy Make-Up Training Sessions
This month, MAC Cosmetics in conjunction with Herconomy will be hosting 2 training sessions for the Herconomy community.
We will be having a session at Palms Mall VI and another at Ikeja City Mall, on the 24th and 25th of June respectively.
Interested in learning the basics of everyday Make-up?
Click on the link below to register for free!
Do You Have Your PVC?
2023 is another election year, and we are barely 6 months away!
While online voter registration has closed, you can still register in person at the closest registration booth to you.
Visit the INEC portal here to check your registration status and other details.
DO NOT CARRY OUT DOUBLE REGISTRATION!!! If you are already registered, you might only be required to update your profile.
Local Stories
Seven die, five injured in Kogi crash
The Kogi State Command of the Federal Road Safety Corps has confirmed the death of seven people while five persons were injured when two vehicles were involved in a head-on collision along the Lokoja-Abuja Expressway on Thursday. Read more…
Naira falls at official market despite improved forex liquidity
The exchange rate between the naira and the US dollar closed at N420.75/$1 at the Investors and Exporters (I&E) window. READ MORE
Abuja queues: Buhari approves freight rate increase for fuel transporters
In a bid to clear the persistent fuel queues by motorists in parts of the country, the President, Major General Muhammadu Buhari (retd.), has approved an increase in the freight rate being paid to transporters of petroleum products. Read more…
Ogun church leaders’ abductors reduce ransom to N10m, threaten victims
Gunmen who invaded the Celestial Church of Christ, Oshofa, Wasimi, in the Ewekoro Local Government Area of Ogun State and abducted two worshippers, have reduced their demand from N50m to N10m. Read more…
Collapsed building: Lagos begins demolition of three Ikoyi high-rises
Lagos State government on Thursday began the deconstruction of three uncompleted high-rise structures on the site of a 21-storey building that collapsed on Gerrard Road, Ikoyi, last November. Read more…
International Stories
Hundreds of families ill with intestinal disease, North Korea says
North Korea said Friday that hundreds of families had fallen ill with an unidentified intestinal disease, heaping pressure on a crumbling healthcare system already strained by COVID-19. Read more…
WTO passes global trade deals on fishing, health, others
The World Trade Organization has reached an agreement that includes commitments on fishing and pledges on health as well as food security after days of negotiation. The 164 member countries struck the deal - regarded as... Read more…
Crypto market has lost $2 trillion from its peak as Bitcoin struggles to stay above $20K
The Bitcoin market has seen significant price volatility, especially after the US central bank issued the largest interest rate hike since 1994. Read more…
China launches third, most advanced aircraft carrier named 'Fujian'
China on Friday launched its third and most advanced aircraft carrier from Shanghai's Jiangnan Shipyard, with new combat systems that experts say are fast catching up with the United States. Read more…
Floor sealant served to students instead of milk was mistakenly stored in food warehouse, Alaska school district says
Students at a summer care program at Sitʼ Eeti Shaanáx̱-Glacier Valley Elementary School were mistakenly served floor sealant instead of milk. Read more…
A suspect is in custody after 2 people were fatally shot at a church near Birmingham, Alabama, police say
Two people were killed and one injured Thursday when shooting erupted at a small church meeting in a suburb of Birmingham, Alabama, police said -- the latest gun attack to unfold as Americans tried to go about their daily lives. Read more…
Surgeon convicted for fatal Swedish transplants
Paolo Macchiarini, once seen as a pioneering surgeon, is given a suspended sentence for bodily harm.
Business Matters
Dollar rises by 21%, FX shortage persists after party primaries
Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Read more...
Russia fines Google $260,000 for failing to localize user data
A Russian court has fined Google for repeatedly failing to comply with a Russian law requiring technology companies to localize user data. Read more…
Nigerians spent N3.25tn on airtime, data, others in 2021 – NCC
Nigerians and other nationals within Nigeria spent N3.25tn on airtime, data, and other telecommunication services in 2021, according to the Nigerian Communications Commission. Read more…
70 airlines extinct in Nigeria, three may collapse soon – Operators
Over 70 airlines have gone into extinction in Nigeria in the past few years and three others currently in operation may collapse in the coming weeks, the Airline Operators of Nigeria said on Wednesday. Read more…
FG plans 17 airports’ concession, to unbundle aviation regulations
At least 17 airports under the management of the Federal Airports Authority of Nigeria that are currently not up for concession are going to be given to concessionaires, the Federal Government announced on Thursday. Read more…
Elon Musk, SpaceX And Tesla Sued For $258 Billion In Alleged Dogecoin ‘Pyramid Scheme’
Plaintiff Keith Johnson seeks a class-action suit against Musk, SpaceX and Tesla. Read more…
Inflation surges again, hits 17.71% amid rising prices
Nigeria’s inflation rate has again surged to 17.71 per cent, according to latest figures by the National Bureau of Statistics. Read more…
Tech Updates
Notarize signs off on 25% staff reduction, admits challenging fundraising environment
Notarize, a startup that offers remote online notarization services, has let go of 110 people — or 25% of its workforce. Doing the math, the 7-year-old, Boston-based company had about 440 employees... Read more…
Metro
Beyonce announces release date for new album, ‘Renaissance’
After teasing the internet with days of cryptic hints Beyonce on Thursday announced the arrival next month of her long-awaited seventh studio album “Renaissance,” the megastar’s first since 2016. Read more…
Kim Kardashian 'did not damage' Marilyn Monroe's dress, according to Ripley's
That's according to Ripley's Believe It Or Not!, which owns Monroe's dress and lent it to Kardashian for the May event. Read more…
Quote of the Day
“Until you value yourself, you won’t value your time. Until you value your time, you will not do anything with it.”— M. Scott Peck