Herconomy Daily Juice

Importers stop bringing in cooking gas, as some of our favourite shows and movies might be coming back

Herconomy Community News

Have you booked your flights yet?

Hey ya!

Have you booked your flights yet or are you waiting for us to run out of slots?

Qatar Airways, a world-leading airline offering international air travel to more than 170 destinations with an unrivalled level of service is the latest Herconomy Partner!

Qatar Airways will be providing up to 10% discounts on select destinations in Europe, ‘Americas and Africa.

Starting from 1 October 2021 until 31 March 2022 you can enjoy discounts with your Gold Card. Send an email to rewards@herconomy.com to get your discount.

Local Stories

Ikoyi collapsed building subscribers signed over $500,000 contract each

Some subscribers to the collapsed 21-storey building in Ikoyi, Lagos State, signed contracts ranging from over $500,000 (N206.5m) to over $3m (N1.24bn) for the purchase of luxury apartments in the high-rise from Fourscore Heights Limited, findings by our correspondent have revealed. Read more…

Covid-19: Nigeria targets over 100 million vaccinations by 2022 – NPHCDA

The National Primary Healthcare Development Agency (NPHCDA) has stated it has vaccinated 5,770,899 eligible people in Nigeria with the first dose of the COVID-19 vaccination as it targets over 100 million people by the end of 2022. Read more…

NNPC insists on adequate petrol supply, no plans to increase pump price

The Nigerian National Petroleum Corporation (NNPC) has once again denied any plans to increase the price of Premium Motor Spirit (PMS), otherwise known as petrol and advised the public not to engage in panic buying of the product. Read more…

FG says 6,054 have so far benefitted from N75 billion Youth Investment Fund

The Federal Government has revealed that 6,054 youths have so far benefited from the Nigerian Youths Investment Fund, with the receipt of between N300,000 to N3 million. Read more…

Recovery operations at Ikoyi building collapse at 99% completion stage

A week after the tragic incident of the collapse of a 21-storey building on Gerrard Road, Ikoyi, Lagos State, there are reports that the recovery operations are at 99% completion stage. Read more…

Court sentences Maina to 8 years imprisonment over money laundering, others

Justice Okon Abang of the Federal High Court in Abuja has sentenced the former Chairman of the now-defunct Pension Reformed Task Team, Abdulrasheed Maina, to 8 years imprisonment for money laundering and others. Read more…

International Stories

California couple sue clinic for alleged IVF swap 'horror'

A California couple gave birth to a stranger's child after being given the wrong embryo by a fertility clinic during in vitro fertilisation (IVF), says a lawsuit. Read more…

Brecon Beacons: Man rescued from cave after two days

A man who was injured while caving in the Brecon Beacons on Saturday has been rescued. Read more…

Niger classroom fire kills at least 25 schoolchildren

At least 25 children aged five to six have died after their straw-hut classrooms caught fire in southern Niger, officials say. Read more…

Travis Scott out of Vegas festival this weekend, as Houston investigation turns to toxicology reports and possible role of illegal drugs

Organizers for the Day N Music Festival announced late Monday rapper Travis Scott will no longer perform at this weekend's event in Las Vegas following the deadly crowd surge at Houston's Astroworld Festival. Read more…

Tech Updates

What MTN, Airtel PSB licence approval could mean for financial inclusion in Nigeria

On Friday, November 8, 2021, telecom giants MTN and Airtel, in separate statements, revealed that the Central Bank of Nigeria (CBN) had granted them approval in principle to operate payment service banks (PSBs). Read more…

Business Matters

Cooking gas price jumps by 240%, marketers halt imports

Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Read more…

Rally in telcos, bank shares drive NGX market cap up by N643 billion

The Nigerian Exchange market today reached a new 52 week high of 43,246.87 points exceeding the previous 52 week high of 42,412.66 points, on January 29, 2021 by 1.97% after immense buy interests mainly in shares of MTN Nig, FBNH, Stanbic, AIRTEL and co. Read more…

Moving goods locally in Nigeria over 500% costlier than US –World Bank

The World Bank says it costs more to move goods locally in Nigerian than in the United States of America, stating that the cost of moving goods (per unit distance) domestically in Nigeria is about 5.3 times higher than in the United States of America. Read more…

Rice smuggling: Customs tighten Nigeria-Benin Republic borders, deploy more officers

The Nigerian Customs Service has tightened security at the nation’s borders with the deployment of more of its officers especially to the gateways between Nigeria and Republic of Benin as well as other places. Read more…

Lagos tops as states half year IGR reaches N849.12bn

The 36 states of the federation and Federal Capital Territory recorded a combined Internationally Generated Revenue in the first half of 2021, figures obtained from the National Bureau of Statistics revealed on Monday. Read more…

eNaira completed N46.3 million worth of transactions in less than 2 weeks – CBN

The eNaira, Africa’s first digital currency, successfully completed N46.3 million worth of transactions in less than two weeks of launch. Read more…

Airtel Africa Plc gains N293 billion in value, as share price appreciates by 10.00%

Airtel Africa Plc recorded an impressive gain of 10.00% at the end of today’s trading session. This is attributable to the buy-interest in the shares of the company which induced a gain of N293 billion in market capitalization, read more…

Metro

We are working to bring 'Eternals' back - Filmone

The film distribution company is the sole distributor of Disney-owned films in Nigeria. Read more…

The Sarunmi's are back! Watch the new teaser for 'Therapy' season 2

The web series stars Falz , Toke Makinwa, Bovi and Josh2Funny. Read more…

Regular 10pm bedtime linked to lower heart risk

There appears to be an optimal bedtime - between 10pm and 11pm - linked to better heart health, say researchers who have studied 88,000 volunteers. Read more…

Fans react as BBNaija Pere replaces Ayoola Ayolola on TMC series

Pere Egbi will now play the character Aminu in the new season of the Red TV we series. Read more…

Quote of the Day

“The key responsibility of leadership is to think about the future. No one else can do it for you.”

Brian Tracy