Elon Musk is set to become the world’s first trillionaire. The valuation of SpaceX gad earlier this month increased to $100.3 billion, up from $74 billion in February.. Ekohotblog reports that Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he … Read more
Femi Otedola has acquired First Bank. EKOHOTBLOG reports that that Nigerian billionaire businessman, Femi Otedola, has acquired First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider largest share, after he bought about N30 billion worth of shares from the financial institution. An exclusive report monitored on The Street Journal monitored by EKOHOTBLOG disclosed that … Read more
The fund will not be managed by the CBN, but by a body of independent experts who will be appointed by it The Developmental Component shall also be utilized for the general development of the MSME segment Ekohotblog reports that the Central Bank of Nigeria, CBN, has established a N500 million endowment fund to help … Read more
New York Attorney General has ordered two unnamed crypto lending platforms to cease activity. The regulator “will not hesitate to take whatever actions are necessary against any company that thinks they are above the law,” said Letitia James. Ekohotblog reports that New York Attorney General, Letitia James, has ordered two unnamed crypto lending platforms operating … Read more
Binance has completed its 17th annual BNB burn worth $639 Million BNB is the largest cryptocurrency exchange by trading volume and is trading $478, up 2.70% for the day, as of the time of this writing. Ekohotblog reports that leading cryptocurrency exchange Binance has announced that it had completed its 17th annual token burn in … Read more
South Africa is once again at the top of the index due to its extensive capital and foreign exchange markets. Nigeria continues to make efforts in establishing an enabling investment climate for international investors….. Ekohotblog gathered that according to the Absa Africa Financial Markets Index, as the global economy struggles to recover from the worst … Read more
Elon Musk makes a mockery of Amazon’s CEO, Jeff Bezos, as he extends lead as the world’s richest man. Musk now has a net worth of $222 billion, while Bezos’ remains at $191 billion. Ekohotblog reports that Elon Musk fulfilled his promise to send Jeff Bezos a silver medal now that the Tesla CEO has … Read more
Zuckerberg has lost over $6 billion to Facebook outage. EKOHOTBLOG reports that Mark Zuckerberg’s personal wealth, on Monday evening, fell by more than $6 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products … Read more
The board of Ecobank Nigeria announces the appointment of a new chairman and directors. Ekohotblog reports that the Board of Directors of Ecobank Nigeria has announced the appointment of three non-executive directors. The new directors include Mrs Bola Adesola, who becomes the bank’s chairman, while Mrs Titilayo Olujobi and Mrs Bimbola Wright are non-executive … Read more
Dollar To Naira Exchange Rate Today 29 September 2021 (Black Market Rate) can be accessed below. EKOHOTBLOG has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates. How Much Is Dollar To Naira Exchange Rate Today Official Rate? September 29 dollar … Read more
Dollar To Naira Exchange Rate Today 27 September 2021 has emerged. EKOHOTBLOG has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates. How Much Is Dollar To Naira Exchange Rate Today Official Rate? September 27 dollar to naira … Read more
UBA has released the names and account details of forex defaulters. EKOHOTBLOG reports that the United Bank of Africa (UBA) has published the names, Bank Verification Numbers (BVN), and account numbers of some individuals alleged to have violated the forex policy of the Central Bank of Nigeria (CBN). UBA made the disclosure via … Read more
Netflix set to roll-out a free plan for users in Kenya over the next few weeks. EkoHotBlog learnt that the free Netflix plan, which will be rolled out to all in Kenya in the coming weeks, won’t require them to provide any payment information during the sign-up The free Netflix services will be available exclusively … Read more
Dollar to Naira exchange rate today 22 September 2021, black market rate has emerged. The official dollar to naira exchange rate in Nigeria today includes the Black Market rates, Bureau De Change (BDC) rate, and CBN rates. How Much Is Dollar To Naira Exchange Rate Today Official Rate? The exchange rate between the Naira and … Read more
The total sum paid for infractions by Fidelity bank in H1 2021 was N349.3m lower than the aggregate sum of N414.5m paid as penalties in H1 2020. EKOHOTBLOG reports that five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria (CBN), Security … Read more
Dollar to Naira exchange rate today 21 September 2021, the black market rate can be accessed below. EkoHotBlog has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates. How Much Is Dollar To Naira Exchange Rate Today Official Rate? The … Read more
Unity Bank has reacted to the alleged diversion of N134million investment funds meant for civil servants. On Monday, workers under the aegis of the Association of Senior Civil Servants of Nigeria (ASSN), Ogun State stormed the Ita-Eko branch of Unity Bank with placards in their hands, the aggrieved senior civil servants said: “Funds Not Safe … Read more
Naira Records Massive Gains As AbokiFX Suspended Exchange Rates Publication Eko Hot Blog reports that Nigeria’s local currency, Naira gained N20 on Monday morning, September 20, 2021, dropping to N550 per dollar from N570 it closed last Friday. This online news platform understands that the massive gain of the Naira in the black market on … Read more
CBN has declared AbokiFX owner wanted. EKOHOTBLOG reports that the Central Bank of Nigeria (CBN) has declared the founder of AbokiFX, Oniwinde Adedotun, wanted. The declaration was made by the CBN Governor, Godwin Emefiele, while responding to questions at the end of the 280th Monetary Policy meeting (MPC) of the apex bank in Abuja on … Read more
![NBS, Nigeria’s inflation rate, [JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2020/01/Inflation.jpg)
The National Bureau of Statistics (NBS) has announced Nigeria’s inflation rate for the month of August 2021. EKOHOTBLOG reports that the Consumer Price Index (CPI), which measures inflation, in August 2021 rose by 17.01 percent year on year from 17.38 percent in July 2021. Nigeria’s inflation rate was disclosed by the National Bureau of Statistics … Read more