Herconomy Daily Juice
Herconomy Daily Juice
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Local Stories
EFCC detains ex-Edo gov, Igbinedion, over N1.6bn fraud
A former governor of Edo State, Lucky Igbinedion has been detained by the Economic and Financial Crimes Commission. Read more…
FG says it has disbursed N58 billion in 2 months under the Conditional Cash Transfer programme
The Nigerian Government has revealed it has disbursed the sum of N58 billion in 2 months to the less privileged, under the Conditional Cash Transfer programme. Read more…
Nigerians are seeing new developments in power, roads, others, President Buhari tells IDB
President Muhammadu Buhari has told the Islamic Development Bank that Nigerians are seeing new developments across power, rail, road and aviation sectors. Read more…
Odili’s home raid: More controversies over police parade
The Nigeria Police Force, on Thursday, paraded 14 suspects, including a self-confessed fake police officer, a lawyer, an Islamic cleric, read more…
FG trains 42 agric workers, plans improved food production
The Federal Government has organised a training programme for 42 selected agriculture extension workers in Osun State, on extension tools, methodologies and selected agricultural value chains. Read more…
Malami named in $139m bank transfers, Reps fault process
The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria, read more…
International Stories
Explosion at mosque during Friday prayers in eastern Afghanistan
An explosion went off during Friday prayers inside a mosque in eastern Afghanistan, a local journalist told CNN on Friday. Read more…
Judge in Kyle Rittenhouse trial makes inappropriate Asian food joke
The judge presiding over the homicide trial of Kyle Rittenhouse confused observers after making a strange and off-color joke inside the courtroom on Thursday. Read more…
Tech Updates
Chooya receives $950,000 from EWC, others to digitize word of mouth marketing
Chooya, an Aba-based eCommerce startup has received $950,000 in cash and program support to digitize word-of-mouth marketing for African businesses and consumers. Read more…
Austria on verge of placing millions of unvaccinated people in lockdown, as chancellor slams 'shameful' shot uptake
Austria is days away from ordering millions of unvaccinated people to stay at home, its chancellor said Thursday, in a rare move that underscores the increasing exasperation of European leaders towards those who have not yet been inoculated against Covid-19. Read more…
Business Matters
Libya overtakes Nigeria as Africa’s biggest oil producer
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, according to a new report by the Organization of the Petroleum Exporting Countries. Read more…
Japanese giant Toshiba announces breakup plan
Japanese conglomerate Toshiba has confirmed plans to split the company into three separate businesses. Read more…
Amid the surge in bitcoin, CBN urges Nigerians to embrace e-Naira
As Bitcoin hits another record high, the Central Bank of Nigeria (CBN) has continued to urge Nigerians to embrace the eNaira, Africa’s first Central Bank Digital Currency (CBDC). Read more…
AstraZeneca to take profits from Covid vaccine
AstraZeneca has started to move away from providing its Covid-19 vaccine to countries on a not-for-profit basis. Read more…
Aviation: President Buhari calls for single African Air Transport market to boost AfCFTA
President Muhammadu Buhari urged African leaders to develop a single African Air Transport Market, which he says offers the continent a great opportunity to build a continental aviation sector and also, read more…
Exchange rate closes flat at official market as forex turnover records significant drop
The exchange rate between the naira and the US dollar closed at N414.73/$1 at the Investors and Exporters window, where forex is traded officially. Read more…
Market cap slides further by N82.46 billion as Nigeria’s Exchange closes negative
he NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 36 basis points. The NGX ASI closed at 43,549.28 points, read more…
Metro
Enugu man murders son for ritual, boy kills Akwa Ibom father over misfortune
A man, Chidi Onyishi, has allegedly killed his seven-year-old son, Chimdalu, for a money ritual. Read more…
Marvel's 'Eternals' now showing in Nigerian cinemas
The Chloé Zhao directed superhero movie was temporarily suspended from Nigerian cinemas. Read more…
Quote of the day
“It’s not whether you get knocked down, it’s whether you get back up.”
Vince Lombardi