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Introducing Our Latest Herconomy Partner
Meet the latest Herconomy Partner!
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.
Local Stories
Outrage as rogue policemen, Neighbourhood Watch torture innocent Uber driver, tow vehicle
Outrage has trailed the torture of an Uber driver, Adedotun Clement, by security agents, who fired tear gas canisters to disperse protesters marking the one year anniversary of the #EndSARS campaign in the Lekki Tollgate area of Lagos State. Read more…
Terrorism/treason charges: I’m not guilty, says Nnamdi Kanu
Leader of the Indigenous People of Biafra, Nnamdi Kanu, on Thursday pleaded not guilty to seven counts filed against him at a Federal High Court in Abuja. Read more…
Reps threaten bank with takeover over debt, MD’s arrest
The House of Representatives, on Thursday, threatened that it will ask the Central Bank of Nigeria to take over the ownership of Heritage Bank of Nigeria for owing the Federal Government more money than its entire share capital. Read more…
77 million Nigerians lack access to power, says NNPC
The Nigerian Bulk Electricity Trading Plc on Thursday provided statistics on misalignments in the power value chain, saying that about 14,000 megawatts of electricity was contracted to power generation companies. Read more…
Nigerians made 34 million emergency calls in eight months – NCC
The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, has disclosed that Nigerians made 30 million emergency calls from January to August 2021 using the 122 emergency number. Read more…
FG launches Mobile Money Agent Programme, commences training of 1,850 beneficiaries
The Federal Government, through the Ministry of Humanitarian Affairs, Disaster Management and Social Development, has announced the launch of the Mobile Money Agent Programme and the commencement of training for 1,850 beneficiaries in Nigeria. Read more…
North Central leaders propose 35% revenue allocation to states
North Central stakeholders have proposed a 39:35:26% revenue sharing formula for the three tiers of government in the country. Read more…
International Stories
French Government to invest $70 million in Nigeria’s renewable energy
The French Government, through the French Development Agency/Agence Francaise de Developpement (AFD), has agreed to invest $70 million into renewable energy projects in Nigeria. Read more…
Director of photography killed, movie director injured after Alec Baldwin discharged prop firearm on movie set
A film crew member has died and another was injured after actor Alec Baldwin discharged a prop firearm on the set of the movie "Rust" in New Mexico on Thursday, according to a law enforcement statement provided to CNN. Read more…
Dental records show remains found at Carlton Reserve are those of Brian Laundrie, FBI says
The FBI's Denver office said Thursday that remains found a day earlier in a Florida nature reserve are those of Brian Laundrie, who disappeared last month just days after his fiancée Gabby Petito was reported missing. Read more…
The Queen back at Windsor after hospital stay
The Queen spent Wednesday night in hospital for preliminary medical checks and is now back at Windsor Castle, Buckingham Palace has said. Read more…
Climate change will bring global tension, US intelligence report says
Climate change will lead to growing international tensions, the US intelligence community has warned in a bleak assessment. Read more…
Canadians hurt slipping in snow can now sue cities
Canada's Supreme Court has ruled that municipalities are not immune from negligence or liability claims stemming from snow removal. Read more…
Tech Updates
Egypt takes a new energy path as other African nations pivot from “dirty carbon”
16 African countries are seen pivoting away from coal power production altogether, with Egypt – set to play host to the environmental conference COP27 in 2022 – setting the stage with the cancellation of some 15.3 GW of coal power capacity it proposed as recently as 2017. Read more…
Digital platforms are disrupting East Africa’s traditional gig industries
Across sub-Saharan Africa, the World Bank estimates that more than 80% of workers find their livelihoods in the informal sector. In Kenya, it’s estimated that the informal sector accounts for 82% of the working population, while in Tanzania, it is thought to be even higher. Read more…
Business Matters
Poor vaccination, policy’ll slow economic recovery in Nigeria, others – IMF
The International Monetary Fund says slow vaccine rollout and stark differences in policy space are the leading reasons why economic recovery in Nigeria and other sub-Saharan African countries will be the slowest in the world. Read more…
Bank customers, PoS operators groan as telcos block 47 LGAs
Telecommunication service subscribers in 47 local government areas in Zamfara, Katsina, Sokoto and Kaduna states have been affected by the ban on telecom services in the areas by the Federal Government, findings by our correspondent have revealed. Read more…
Nigeria can’t produce COVID-19 vaccine now – Pfizer boss
The Country Manager Nigeria and Cluster Lead West Africa for Pfizer, Mr Olayinka Subair, has said there is no technical capacity to develop a COVID-19 vaccine in Nigeria now. Read more…
External reserves gain $3.98bn in three weeks, hit $40.76bn
Nigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained from the Central Bank of Nigeria. Read more…
Dogecoin gains clout, meme coin payments to reach cinemas in Q1, 2022
AMC CEO Adam Aron announced AMC would accept Dogecoin payments in the first quarter of 2022 saying, “I believe we will be able to accept Dogecoin in Q1”. Read more…
Exchange rate falls at official forex market as crude oil and crypto markets suffer losses
The exchange rate between the naira and the US dollar closed at N415.07/$1 at the Investors and Exporters window, where forex is traded officially. Read more…
Metro
Kenyan northern white rhino Najin retired from breeding scheme
Scientists have retired one of the world's last two northern white rhinos from a breeding programme trying to save the species from extinction. Read more…
Lala Akindoju confirms new role in Walt Disney film
The actress stars in Disney's forthcoming original film 'Rise' based on Giannis Antetokounmpo and his family. Read more…
Quote of the Day
"Don't let the fear of losing be greater than the excitement of winning."
-Robert Kiyosaki