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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

INEC declares Anambra gov election inconclusive, fixes Nov 9 for supplementary poll in Ihiala

The Returning Officer of the Anambra State governorship election, Professor Florence Obi, has said that a supplementary election will hold in 362 polling units in Ihiala Local Government Area on Tuesday, November 9. Read more…

Ikoyi building: Death toll hits 44, responders near ground zero

Seven days after a 21-storey building collapsed on Gerrard Road, in the Ikoyi area of Lagos State, recovery operation is still ongoing by rescue agencies. Read more…

Building collapse: Victims’ compensation unsure as NIA searches for insurer

Nearly a week after the collapse of a 21-storey building at Gerard Road, Ikoyi, Lagos State, the umbrella body for 61 licensed insurance companies in the country said on Sunday that none of its 41 members licensed to provide building insurance cover had shown up as the insurer of the property. Read more…

Nigeria’s private sector borrowing hits record high of N33.8 trillion

Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021. Read more…

Maritime: Lagos Seaports operating above capacity – NPA

The Nigerian Ports Authority (NPA) revealed that the Lekki and Tin Can Island ports are operating “far beyond their installed capacities.” Read more…

International Stories

Amy Winehouse: Singer's items raise millions at auction

The dress worn by Amy Winehouse during her final stage performance has sold for more than $243,000 (£180,000) at an auction of items from her estate. Read more…

Lawsuit filed against Travis Scott, Live Nation and others following Astroworld Festival tragedy

A lawsuit has been filed following the Astroworld Festival tragedy that left eight people dead and dozens injured in Houston on Friday night. Read more…

COP26: Fossil fuel industry has largest delegation at climate summit

There are more delegates at COP26 associated with the fossil fuel industry than from any single country, analysis shared with the BBC shows. Read more…

Tuvalu minister stands knee-deep in the sea to film COP26 speech to show climate change

Tuvalu's foreign minister has given a speech to the United Nations climate conference in Glasgow standing knee-deep in seawater to show how his low-lying Pacific island nation is on the front line of climate change. Read more…

Tech Updates

MTN Group to sell $245m-worth shares of Nigerian subsidiary

South Africa-based MTN Group has announced plans to sell 575 million shares of its most profitable subsidiary MTN Nigeria, which went public in Lagos in 2019. Read more…

Business Matters

Twitter poll calls on Elon Musk to sell 10% stake in Tesla

Voters in a Twitter poll have urged Elon Musk to sell 10% of his stake in Tesla in order to pay tax. Read more…

Banks, insurance firms to rake in N22.6bn from MDAs

Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government in 2022. Read more…

Oil, banking stock sell-off triggers N12.58bn market loss

The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods stocks. Read more…

‘100 for 100’ policy: CBN fixes N5bn maximum loan limit

The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced initiative, called ‘The 100 for 100 PPP – Policy on Production and Productivity’, can get at N5bn. Read more…

Increasing temperature, threat to human health – World Bank

The World Bank has disclosed that increasing temperature and humidity pose a severe threat to human health and outdoor productive activities. Read more…

Metro

Grandma orders N250,000 transfer to fraudster on credit

A 73-year-old woman, Charity Odunuga, has been swindled out of N250,000 by a suspected fraudster at Odokekere, in the Sagamu Local Government Area of Ogun State. Read more…

Comedian Gordons' mother weds at 72

Congratulations to the septuagenarian. Read more…

Quote of the Day

“There are no limits to what you can accomplish, except the limits you place on your own thinking.”

Brian Tracy