Herconomy

Did you see Megan collect her degree? Things we love to see!

Herconomy Updates

Enterprise Challenge extended till January

The Enterprise Challenge deadline has now been extended to January.

The finale will now be held later in January. Details will be made public soon.

Local Stories

We won’t reverse travel ban over FG’s threat – UK

The British High Commission on Sunday said the United Kingdom would not reverse its travel ban on Nigeria because of a threat of retaliation by the Federal Government. Read more…

COVID-19 infections rise by 326.67% in one week, Nigerians shun safety rules

COVID-19 cases  are on the increase raising fears that the country is on the verge of the fourth wave of coronavirus, findings by The PUNCH have shown. Read more…

Reps invite Malami, Adebayo, FIRS as controversy emerges over tax holidays

The House of Representatives Committee on Public Accounts has invited the Ministry of Industry, Trade and Investments, Niyi Adebayo; Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN); Read more…

Lagos says over 1.9 million doses of Covid-19 vaccines administered in the state

The Lagos State Government has said that 1,912,394 doses of AstraZeneca and Moderna Covid-19 vaccines had been administered so far in the state. Read more…

International Stories

Cyril Ramaphosa: South Africa president being treated for Covid

South Africa President Cyril Ramaphosa is receiving treatment after testing positive for Covid-19, his office says. Read more…

Kentucky tornadoes: Death toll likely to pass 100, governor says

The death toll from powerful tornadoes that devastated towns in Kentucky is likely to pass 100, the governor says, as hope of finding survivors wanes. Read more…

Hong Kong: Media tycoon Jimmy Lai gets 13 months jail for Tiananmen vigil

Hong Kong media mogul Jimmy Lai has been sentenced to 13 months in jail for participating in a vigil marking the Tiananmen massacre. Read more…

Mercedes protests rejected by Formula 1 stewards as title goes to Max Verstappen

Formula 1 officials rejected two protests by Mercedes against the result of the controversial title-deciding Abu Dhabi Grand Prix, with the team set to appeal against one of those decisions. Read more…

Tech Updates

Sendchamp raises angel funding to tap into the unified communication industry

Businesses in Africa encounter many problems when communicating with their customers because communication channels are mostly single-channel platforms. Read more…

Business Matters

Federation account remittances slide by N1.58tn in 10 months

Remittances by the Nigerian National Petroleum Company Limited to the federation account plunged by N1.581tn between January and October this year, data obtained from NNPC on Sunday showed. Read more…

No TIN-for-bank account requirement in Finance Bill – Presidency

The Presidency said on Sunday that there is no provision in the Finance Bill (2022) that states that banks will be required to request for Tax Identification Number before opening bank accounts for individuals and existing account holders must provide their TIN to continue operating their accounts. Read more…

Bitcoin recovers from plunge to reclaim  $50k  range

After a week of languishing in the mid $40,000s range, Bitcoin prices rose to around $50,000 on Sunday evening. Read more…

Asset valuers to list housing sector on stock exchange

Assets valuers under the aegis of Association of Capital Market Valuers in Nigeria have said they will work to ensure the housing sector is listed on the stock exchange, following its recognition by the Securities and Exchange Commission. Read more…

Aggressive deposit drive see Nigerian banks push past N34 trillion in customer deposit

Nigerian Banks grew their deposits by 11.5% in the first 9 months of 2021 as competition to grow deposits intensified. Read more…

NNPC announces trading surplus of N141.96 billion in June 2021

The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of N141.96 billion in June 2021, representing a major leap when compared to a deficit of N37.46 billion that was recorded in May 2021. Read more…

Naira gains at official market as drop in country’s external reserve continues

The exchange rate between the naira and the US dollar closed at N415.10/$1 at the official Investors and Exporters (I&E) window. Read more…

Metro

Rapper Megan Thee Stallion graduates from university

The rapper graduates with a degree in Health Administration. Read more…

Jehovah’s Witnesses celebrate 100 years presence in Nigeria

Jehovah’s Witness celebrated the religious group’s 100 years presence in Nigeria on Sunday since its presence in 1921. Read more…

Wife bolts door as Ogun pastor allegedly rapes teenage chorister, couple arrested

Men of the Ogun State Police Command have arrested a pastor, Peter Taiwo, of the Christ Apostolic Bible Church, Alaja Oke, Saje, Abeokuta, for allegedly defiling a 16-year-old chorister in his church. Read more…

And Just Like That Peloton resurrects show character

Fitness equipment maker Peloton has offered a humorous response after the brand featured in the HBO Max show. Read more…

Quote of the Day

“Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.”– Buddha