Herconomy Daily Juice
Tesla hits $1 trillion valuation after a 100car deal with Hertz, Elon will be over the moon!
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Local Stories
Buhari unveils eNaira, MDAs may collect revenues, pay in e-currency
The President, Major General Muhammadu Buhari (retd), on Monday, unveiled the Central Bank of Nigeria’s digital currency, also known eNaira, in a keynote event attended by top government functionaries at the State House, Abuja. Read more…
$148m consultants’ pay: Buhari, govs meet, Oct revenue sharing suspended
There were strong indications on Monday that state governors would soon meet with the President, Major General Muhammadu Buhari (retd.), over the Federal Government’s decision to debit local government accounts. Read more…
FG to end petrol subsidy June 2022, World Bank condemns N2.9tn funding
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Read more…
States, LGs should take 59% of federal allocation – North-West
The North-West geopolitical zone of the country has demanded the lion’s share of the federation allocation for states and local governments. Read more…
Governor Udom Emmanuel presents N582.115 billion 2022 budget to Akwa Ibom Assembly
The Akwa Ibom state Governor, Udom Emmanuel presented a N582.115 billion budget proposal for the 2022 Financial year. Read More…
International Stories
Chappelle slams cancel culture amid Netflix transgender furore
US comedian Dave Chappelle, whose latest Netflix special sparked a transgender backlash, has hit back at those he says want to "cancel" him. Read more…
Afghan baby girl sold for $500 by starving family
Afghanistan is facing the biggest humanitarian crisis in the world, with the country seeing a sharp deterioration in the situation since the Taliban seized power in August. Read more…
Climate change: Australia pledges net zero emissions by 2050
Leading global coal and gas supplier Australia has pledged to achieve net zero carbon emissions by 2050.
Prime Minister Scott Morrison however said the plan would not include ending Australia's fossil fuel sectors. Read more…
Japan's Princess Mako finally marries commoner boyfriend Kei Komuro
Japan's Princess Mako has married her college sweetheart Kei Komuro - thus losing her royal status.
Under Japanese law, female imperial family members forfeit their status upon marriage to a "commoner" although male members do not. Read more…
Moderna says its Covid vaccine generates strong immune response in 6-11 year-olds
On Monday, drugmaker, Moderna Inc disclosed that a study of children aged 6 to 11 revealed that a smaller dosage of its Covid-19 vaccine is safe and generates a strong immune response. Read more…
Tech Updates
Court orders banks to unfreeze RiseVest’s account blocked by CBN
A Federal High Court in Abuja has vacated with immediate effect an interim ruling under which the Central Bank of Nigeria (CBN) froze the bank accounts of RiseVest Technologies in two banks. Read more…
DHL Africa to close down its online retail service, eShop, on Oct 30
After two years of operation, DHL Africa is shutting down its pan-African online retail platform, e-Shop, at the end of the month. Read more…
Business Matters
Tesla surpasses $1 trillion valuation after Hertz order
Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone. Read more…
Investors scramble for FBNH shares, price rises
FBN Holdings Plc emerged as the most traded stock on the Nigerian Exchange Limited on Monday, the first trading day after it announced that Mr Femi Otedola, a billionaire businessman, had acquired a 5.07 per cent shareholding in the company. Read more…
CBN says eNaira would be free for 90 days, 33 banks already on the platform
Godwin Emefiele, the Governor of the Central Bank of Nigeria has announced that 33 Nigerian banks have joined the eNaira platform, with the apex bank minting N500 million in digital money. Read more…
IPMAN raises the alarm over members’ fund trapped in DPR, others
The Independent Petroleum Marketers Association of Nigeria, on Friday, said it had engaged forensic experts to recover the funds of its members trapped in the now-defunct Department of Petroleum Resources, Petroleum Equalisation Fund Management Board and Petroleum Product Pricing Regulatory Agency. Read more…
Facebook has language blind spots around the world that allow hate speech to flourish
For years, Facebook CEO Mark Zuckerberg touted his mission to connect the entire world — and his company has come closer than perhaps any other to fulfilling that lofty goal, with more than 3 billion monthly users across its various platforms. Read more…
Access Bank Plc announces proposed merger with Zambian African Banking Corporation
Access Bank Plc has disclosed that a binding agreement with Atlas Mara Limited has been executed on the proposed merger between African Banking Corporation Zambia Limited and Access Bank Zambia Limited. Read more…
Metro
Woman dies after husband sets Lagos home ablaze during fight
A woman, identified only as Ebere, has succumbed to the injuries she sustained when her husband allegedly set their apartment ablaze during a fight. Read more…
'Rust' crew members reportedly used guns with live ammunition hours before deadly shooting on set
Crew members on the set of "Rust" used guns with live ammunition and engaged in a pastime called "plinking" hours before Halyna Hutchins was killed, founder and CEO of The Wrap, Sharon Waxman, told CNN's Don Lemon Monday night, citing information from an individual with knowledge of the set. Read more…
Sylvester Stallone is exiting 'The Expendables' franchise!
The star actor recently wrapped up his fourth film off the franchise. Read more…
Quote of the Day
“Never limit yourself because of others’ limited imagination; never limit others because of your own limited imagination.”
Mae Jemison