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Inflation rates hit their lowest point since December 2020, according to the NBS...

Herconomy Updates

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The Herconomy Enterprise challenge is still on, all the way into January 2022. We have an amazing twist to this year’s Challenge.

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Local Stories

Ministry wants Customs stripped of revenue collection role

The Federal Ministry of Finance, Budget and National Planning has called for the stripping of the Nigeria Customs Service of the responsibility of revenue collection. Read more…

FEC approves new salary structure for police

THE Federal Executive Council, FEC, yesterday, approved 20 percent upward review of salary for the police force with effect from January 2022. Read more…

Insecurity: China to send criminal investigation experts to Nigeria – Envoy

Concerned about insecurity in the country, China has offered to send a high-level delegation of criminal investigation experts to meet with Nigerian security agencies. Read more…

International Stories

Paris taxi firm suspends Tesla fleet after fatal accident

France's transport minister said on Wednesday there was no suggestion at this stage that a fatal accident in Paris involving a Tesla (TSLA) Model 3 taxi was caused by a technical fault. Read more…

Dutch MP ordered to delete Covid Holocaust social media posts

A right-wing Dutch MP has been ordered to delete social media posts comparing Covid restrictions to the Holocaust. Read more…

COVID-19 cases, deaths in Americas triple in 2021 – WHO

Pan American Health Organisation (PAHO) has described the year 2021 as “undoubtedly worse” for the Americas, where infections and deaths tripled compared to the first year of the Coronavirus (COVID-19) pandemic in 2020. Read more…

Covid: People urged to socialise carefully as cases hit new record

The prime minister and England's chief medical officer have urged the public to be cautious if they socialise before Christmas, amid record UK Covid cases. Read more…

Tasmania bouncy castle fall: Four children killed and five others injured

Four children have died and five others are injured after falling from a bouncy castle that was blown into the air in Australia, police say. Read more…

Tech Updates

Edukoya raises $3.5m to provide quality secondary school education online

Edukoya, an African-focused online learning platform that empowers learners and their parents to access high-quality education, has raised $3.5 million in a pre-seed round led by Target Global. Read more…

1da Banton’s “No Wahala” blew up on Tik Tok. Now he knows its power

A few months ago, Nigerian artiste, 1da Banton, logged into his TikTok account, which he rarely used, only to discover that one of his songs, “No wahala”, from his Original Machine Vibe album, read more…

Business Matters

National Assembly misses target on 2022 budget passage

The National Assembly has failed to meet its target on the passage of the 2022 Appropriation Bill. Read more…

Prices continue to soar as NBS says inflation dropped in Nov

The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last year, according to the National Bureau of Statistics. Read more…

We’ll toll roads to repay infrastructure debts – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said most of the roads constructed in the country will be tolled to repay the loans used to fund them. Read more…

FG debt servicing gulps N2.49tn in nine months – DMO report

Nigeria spent N2.49tn on debt servicing payments in the first nine months of 2021, data obtained from the Debt Management Office have shown. Read more…

Ecobank partners five Nigerian insurers for Bancassurance

Ecobank’s Commercial Banking business has entered into a partnership with five insurance companies to offer Bancassurance solutions to Ecobank’s Small and Medium-sized Enterprise (SME) customers across markets where Ecobank operates. Read more…

Metro

Nollywood actor Karibi Fubara is dead

The actor revealed in 2020 how he found out he had a large mid-stage kidney tumor/cancer. Read more…

Bruce Springsteen reportedly sold his music catalog worth hundreds of millions of dollars

"The Boss" may have just made a cool half-billion dollars. Read more…

'Fast and Furious 10' gets a one-month delay

The Fast and furious saga hits the break. Read more…

Tiffany Haddish is Sherlock Holmes in new crime-drama series ‘The Afterparty’

The team behind Spider: Into the spider-verse and 21 Jump Street presents a new comedy-mystery drama that sees Tiffany Haddish wear a detective coat. Read more…

Quote of the Day

“Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.” 

Sholom Aleichem