Hercnomy Daily Juice
What does it feel like to have 15 billion streams? Probably not as good as Elon feels selling $5Billion worth of Tesla stock.
Herconomy Community News
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Local Stories
Nigeria’s debt stock hits N42.7tn, Senate okays fresh $16bn loans
Nigeria’s debt stock of N35.5tn will rise to N42.7tn following the Senate’s approval of the Federal Government’s request for $16bn and €1.02bn fresh loans. Read more…
AGF says political solution on Nnamdi Kanu, Sunday Igboho not ruled out
The Federal Government may consider all kinds of solutions, including political ones, in order to resolve the crisis surrounding separatist agitations in Nigeria. Read more…
EFCC insists Eagle Eye app is safe, effective, contrary to alleged data theft
The Economic and Financial Crimes Commission (EFCC) has reacted to the allegation that its app, Eagle Eye, has been compromised, saying the whistleblower tool has been the springboard of several investigations. Read more…
Senate considers bill on tough punishments for corrupt officials, terrorism
The Senate on Wednesday passed for second reading two bills seeking to facilitate swift prosecution of public officers involved in money laundering and terrorism financing in Nigeria. Read more…
Reps probe BPE, AMCON over NACFA privatisation
The House of Representatives’ Committee on Privatisation and Commercialisation has directed the Bureau of Public Enterprise to pay up an outstanding N189m to Jorotom International Agency Limited, read more…
Indigenous operators mull drone surveillance as oil theft surges
Indigenous exploration and production companies in the country are considering using drone technology to identify crude oil theft points as they struggle with rising cases. Read more…
International Stories
FW de Klerk: South Africa's former president dies at 85
FW de Klerk, the former president of South Africa and the last white person to lead the country, has died at the age of 85. Read more…
China's Xi Jinping cements his status with historic resolution
The Chinese Communist Party has passed a "historical resolution", cementing Xi Jinping's status in political history. Read more…
Tech Updates
Coinbase partners with Team Liquid to create crypto-focused content
Team Liquid, the e-sports and gaming organization operating across major titles including League of Legends and Fortnite, has signed a four-year partnership agreement with Coinbase, for an undisclosed amount. Read more…
Business Issues
Elon Musk: Tesla boss sells $5bn of shares after Twitter poll
Tesla chief executive Elon Musk has sold around $5bn (£3.7bn) of shares in the electric carmaker. Read more…
Speculators lose billions as naira appreciates, exchanges for 540/$
The naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying speculators hoarding dollars would be losing a lot of money. Read more…
FEC approves 2021-2025 National Development Plan, projects N348.7tn investments
The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved the 2021-2025 National Development Plan, which is a successor programme to the Economic Recovery and Growth Plan. Read more…
World Bank demands debt transparency, says Nigeria, others need $429bn
The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external financing needs in Nigeria and other low income developing countries will reach $429bn between 2023 and 2025. Read more…
Czech billionaire, Daniel Kretinsky buys 27% stake in West Ham
Premier League side, West Ham United has announced via club statement that Czech billionaire, Daniel Kretinsky has completed the acquisition of a 27% stake in West Ham Holding Limited. Read more…
Twitter to launch dedicated crypto team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is setting up a team dedicated to looking into decentralized applications, cryptocurrencies and blockchain. Read more…
Naira gains at official and parallel markets as liquidity surges significantly by 232%
The exchange rate between the naira and the US dollar closed at N414.73/$1, at the Investors and Exporters window, where forex is traded officially. Read more…
Alleged 1.6bn fraud: Court arraigns former Star Orient MD
Dare Osamo, Former Managing Director of Star Orient Nigeria Ltd, an aviation fueling company, was arraigned at an Ikeja High Court on Wednesday on an 11 count-charge bordering on fraud to the tune of N1.6 billion. Read more…
MTN’s 575 million shares offering: Is the telecoms giant divesting from Nigeria?
MTN is a telecoms operator offering voice, data, and other enterprise mobility offerings. Read more…
Cardano posts biggest daily drop since September 7 amid profit-taking
As the broader market suffered from profit-taking in the past few hours, altcoins like Cardano posted significant losses. Read more…
Metro
17-year-old girl’s body recovered from Kwara well four days after declared missing
The Kwara State Fire Service on Wednesday said it had recovered the body of a 17-year-old-girl identified as Aminat from a well. Read more…
Stray cows attack couple in Delta community
Tension has gripped residents of Ovwian community in the Udu Local Government Area of Delta State after a couple, identified as Mr and Mrs Iro Ese, were attacked and injured by cows belonging to a herdsman in the community. Read more…
Actor Ayoola Ayolola finally reacts to exiting 'The Men's Club' series
The actor says he duly notified the production heads of his relocation plans. Read more…
After certifications in France and the UK, CKay's 'Love Nwantiti' hits 15 billion streams on TikTok
In France, a platinum certification is awarded for moving an equivalent of 100,000 copies while Gold in the UK is awarded for moving an equivalent of 200,000 streams. Read more…
Quote of the Day
#1 make good decisions, #2 everything else.
Rand Fishkin