Daily Juice
Interswitch announces it is paying allowances to spouses of its employees
Start Saving with Herconomy Today!
Enjoy…
10% P.A Interest
An accountability savings buddy
Flexible withdrawal periods while still enjoying interest
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 Don'ts’ 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.
Join us by 8 pm on Thursday and come get some tips from a professional on the non-negotiables you should never compromise during inflation.
We’ve Got an Amazing New Investment Opportunity for You!
Herconomy Heights is an ultra-modern estate development consisting of 14 two-bedroom maisonettes.
Our goal is to ensure more women gain access to affordable real estate opportunities globally and this is our first step to fulfilling that mission.
For more enquiries; send an email to info@herconomy.com.
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
Consensus candidate: Uproar, alarm in APC; Buhari, govs disown Adamu over Lawan
Intrigues and tension reigned in the ruling All Progressives Congress, APC, as the party and its presidential aspirants put finishing touches to their preparations for today’s presidential primaries. Read more…
Robbers loot Abuja politician’s house, police deny abduction
Armed robbers on Monday invaded Efab Queens Estate in the Galadima area of the Federal Capital Territory. Read more…
Varsity unions, FG renegotiation committee sitting ends today
The university unions’ and Federal Government renegotiation committee sitting will end today. Read more…
APC presidential convention: Confusion as party juggles zoning, consensus candidacy
After yesterday’s ‘Night of the Long Knives, members of the ruling All Progressives Congress (APC) are set for today’s national convention with politicking reaching a feverish pitch, as the party grapples with the task of choosing its presidential candidate. Read more…
APC Primary: Tinubu, and four others inch closer to clinching a ticket
There were strong indications in the early hours of Tuesday that critical stakeholders of the ruling All Progressives Congress APC may have shortlisted five of the party’s presidential aspirants for consideration by President Muhammadu Buhari. Read more…
NASS opts for out of court settlement of poor judges’ salary suit
The National Assembly has asked the court on Monday to allow for an out of court settlement in the suit instituted over poor salaries for judges. Read more…
International Stories
Email reveals Trump campaign told fake electors in Georgia to use 'complete secrecy'
The Trump campaign directed a group of Georgia Republicans to meet in secret and obscure their objectives in an email obtained by federal prosecutors as part of their recent investigation into Donald Trump's efforts to overturn the election in several swing states. Read more…
Ukraine war: Another Russian general killed by Ukrainian forces - reports
Russian state media have confirmed the death of one of Moscow's top generals during heavy fighting in Ukraine's eastern Donbas region. Read more…
EU blames Russia for food crisis prompting a walkout
Russia's UN ambassador has stormed out of a UN Security Council meeting after the European Council president blamed Russia's invasion of Ukraine for causing a global food crisis. Read more…
Ryanair Afrikaans test: South African fury over language quiz
South Africans have condemned Irish airline Ryanair for making them take a test in the Afrikaans language on UK flights, calling it discriminatory. Read more…
Australia’s Central Bank raises the interest rate to 0.85%
As Australia’s central bank attempts to curb inflation before it spirals out of control, the Reserve Bank has announced the largest single increase in the cash rate in 22 years. Read more…
Business Matters
Google fined $515,000 for defamatory YouTube videos
An Australian court has ordered Google to pay a former lawmaker, $515,000 for putting out a video that drove the politician out of politics. Read more…
Minimum wage: Bayelsa LGs’ monthly wage bill hit N1.2bn
The Bayelsa State Government has disclosed that the aggregate monthly wage bill of the eight local government council areas of the state will rise to about N1.2billion when the new minimum wage is implemented. Read more…
Nigerian banks pay N7.7 billion as audit fees to PwC, KPMG, EY others in 2021
The banks considered in this analysis were Access, GTB, FBN, UBA, Zenith, FCMB, Stanbic IBTC, Fidelity, Sterling, Union, Unity, and... READ MORE
FDI crashes by 78% in three months amid a worsening dollar crisis
Foreign Direct Investment in Nigeria has crashed by 78 per cent in three months amid a worsening foreign exchange crisis in the country. Read more…
E-payment: Nigerians’ spending on utility bills soars by 387%
The amount Nigerians spent on electronic bills such as power and other utilities grew by 387.19 per cent from N189.50bn in the first four months of 2019 to N923.24bn in the corresponding period of 2022, indicating an increase in the use of e-channels by Nigerians. Read more…
Crude oil exports jump by 194% and hit N5.6tn in three months
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of 2022, reflecting a nearly 200 per cent increase when compared to the same period in 2021. Read more…
Panic in the crypto market as Bitcoin drops below 30K, nearly 80K investors burnt
Most crypto assets suffered significant sell-offs, sending Bitcoin below $30K once more as the crypto market valuation fell below $1.3 trillion. Read more…
Tech Updates
Apple unveils “buy now, pay later”, “unsend message” in new developer updates
The newly announced features include an update that will let users edit messages they’ve already sent and unsent messages. Read more…
Elon Musk threatens to cancel the Twitter deal
Elon Musk is threatening to pull his $44 billion Twitter buyout, accusing the company of hiding information about the number of bot and spam accounts on the platform. Read more…
Nigerian startup, ShopEx raises $635,000 in pre-seed funding led by HAVAìC
Nigeria’s multi-channel retail business, ShopEx has secured $635,000 pre-seed funding in a round led by South African Venture Capital firm, HAVAìC. Read more…
Metro
Interswitch announces it is paying allowances to spouses of its employees
Interswitch has stated that it would begin paying allowances directly to the spouses of its employees. Read more…
Banky W wins PDP Reps primary rerun in Lagos
Nigerian singer, Bankole Wellington, popularly known as Banky W, has again, been declared the winner of the PDP primary rerun for the Eti-Osa constituency House of Representatives ticket in the 2023 general election. Read more…
Femi Kuti receives golden saxophone for 60th birthday
It was a thrilling night at the New Afrika Shrine, in Ikeja, Lagos, when afrobeat musician, Femi Kuti, and his son, Made, performed together on Sunday, June 5, 2022. Read more…
Quote of the Day
“Desire is the key to motivation, but it’s the determination and commitment to an unrelenting pursuit of your goal—a commitment to excellence—that will enable you to attain the success you seek.”
—Mario Andretti