[PHOTOS] Lagos Readies Drones For Monitoring Poorly Organised SME’s

There is a need for the Informal Business Sectors in Lagos to be more organised with the establishment of comprehensive data on their activities Lagos State has begun monitoring and mapping informal businesses and other incidental open spaces with poor organisation, using drones. A statement from the government body announced this in a statement on … Read more

BREAKING: World’s Top Banks Invest In Crypto, Blockchain Companies, -Report

Blockdata says that three main developments convinced many of the top banks to start providing crypto-related services to clients. A new report from blockchain research firm Blockdata suggests that over half of the world’s biggest banks are getting exposure in crypto and blockchain companies. READ ALSO: BREAKING: TALIBAN ENTERS AFGHAN PRESIDENTIAL PALACE AFTER GHANI FLEES … Read more

80% Of Banks’ Employees, Other Financial Institutions Are Casual Staff

Polaris, Zenith, Six Other Banks Lose N1.9bn To Fraud In One Year – Report

According to Olasanoye, some of the fraudulent activities in banks and other financial institutions may be because the casual workers are not professionals, well-trained, and embittered due to inadequate compensation. The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has said that eighty percent of employees of banks and other financial institutions … Read more

Dollar Pressurises Naira To Fall Beyond ₦515

Dollar to Naira Exchange Rate – May 27

Nigeria’s dwindling foreign reserves amid rising demand for forex across key economic sectors continue to drag on the central bank’s ability to service Africa’s largest economy. The Nigerian Naira remained under pressure across key foreign exchange markets as forex scarcity persisted despite efforts to prop up the Naira value. The local currency was exchanged at … Read more

Disco worker gets six months jail term for illegal disconnection in Kogi

A Kogi State Magistrates’ Court sitting in Lokoja, on Thursday, sentenced a Marketing Officer of the Abuja Electricity Distribution Company, Mr James Olayemi, to six months’ imprisonment for unlawful disconnection of electricity supply to a customer’s house. Chief Magistrate Tanko Muhammed jailed Olayemi and ordered the immediate reconnection of electricity supply to Mr Dennis Osanwuta’s … Read more

Oil prices extend fall as Delta variant restrict movement

Global oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.   According to a Reuters report, Brent crude was down 49 cents, or 0.7%, at $70.82 a … Read more

Naira Slips Against Global Currencies, By ₦5.00 Against US Dollar

Dollar to Naira Exchange Rate – May 27

The Nigerian Naira slid against global counterparts at the unregulated parallel market, popularly known as the black market on Thursday, Ekohotblog has learnt. Our correspondent gathered that the Naira dipped by ₦5 against the United States Dollar from ₦510 it exchanged on Tuesday to ₦515 on Wednesday before opening at exact same amount on Thursday. … Read more

Vacancy!! Manager at STRUGZ Nigeria

STRUGZ Nigeria – Our client operates a Weight-loss brand and requires the services of a suitable candidate to fill the position below: Job Title: Manager Location: Lekki – Ajah, Lagos Employment Type: Full-time Job Description The Manager will oversee all the business activities; ensuring their team effectively fulfils the business marketing objectives and contributes to overall … Read more

Nigeria Capital Importation Falls by 54.06% in 2Q of 2021 – Report

Nigeria Capital Importation Falls by 54.06% 2Q of 2021 – Report

Capital importation in layman understanding simply referred to the foreign investments in a country’s economy. The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1,905.89m in the first quarter of 2021. This represents a decrease of -54.06% compared to Q1 2021 and -32.38% decrease compared to … Read more

BREAKING: CBN Announces Stoppage Of Forex Sales To Bureau De Change Operators

CBN

“The MPC made the decision to hold all parameters constant.” EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has announced the stoppage of forex sales to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, made the declaration after the Monetary Policy Committee (MPC) two-day … Read more

Fidelity Bank MD Visits General Overseer Of Lord’s Chosen Charismatic Revival Church

Fidelity Bank MD Visits General Overseer Of Lord’s Chosen Charismatic Revival Church

The Managing Director/CEO of Fidelity Bank, Mrs. Nneka Onyeali-Ikpe, has visited the General Overseer of the Lord’s Chosen Charismatic Revival Church, Pastor Lazarus Muoka. The management of Fidelity Bank has paid a courtesy visit to the General Overseer of the Lord’s Chosen Charismatic Revival Church, Pastor Lazarus Muoka. The visit by the management of Fidelity … Read more

International Tavel Tickets Set To Rise As Naira Weakens Against Dollar

Tickets

Nigeria’s official exchange rate at the Investors and Exporters window is currently pegged at ₦410 to $1 International travel tickets in Nigeria are on the verge of rising following a directive to travel agencies to adjust exchange rates from ₦420.86 to ₦460 effectively, an 8.5% devaluation. Nigeria’s official exchange rate at the Investors and Exporters … Read more

Vacancy!!! DigitISE Graduate Program – Digital Sales at Hewlett Packard (HP)

Hewlett Packard (HP) is the largest technology solutions provider in Europe, Middle East and Africa (EMEA) and worldwide. The company’s offerings span from IT infrastructure, personal computing and access devices to global services, imaging and printing. Our customers are virtually everybody: consumers, small and medium sized companies, large corporations as well as Government institutions. Applications … Read more

Naira Crashes To Four-Year Low

Dollar to Naira Exchange Rate 5th July

Naira has crashed to a four-year low in the parallel market. EKO HOT BLOG reports that Nigeria’s currency weakened to a four-year low in the parallel market after the Central Bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. Unauthorized dealers were … Read more

Vacancy!!! Mobile App Developer at CloudWare Technologies Designs

CloudWare Technologies Designs, Develop, Web mobile Applications to power your businesses. We Help deploy, integrate Technology Solutions to Solve business, Public and Social problems. CloudWare Technologies Designs, Manage and Secure IT systems across all sectors. We are a Consortium of Technology experts, We execute projects with Expertise -clearly Understanding the Challenges of our Clients, Providing … Read more

Buhari Vows To Enhance Fiscal Stability

Buhari

President Muhammadu Buhari has vowed to enhance fiscal stability. President Muhammadu Buhari has vowed to enhance Nigeria’s fiscal stability, stressing the fact that Nigeria is more of a gas country than a crude oil country. As gathered by Eko Hot Blog, Buhari made this known during his meeting with Total’s Chief Executive Officer, Patrick Pouyanné, … Read more

CBN Quizes First Bank Over Appointment Of New MD

First Bank

First Bank on Wednesday announced the appointment of Gbenga Shobo as the new Managing Director/Chief Executive Director The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. According to the News Agency of Nigeria (NAN), … Read more

First Bank Appoints New MD

Femi Otedola

First Bank of Nigeria Limited has appointed Mr Gbenga Shobo as the Managing Director/Chief Executive Officer of the bank. Until his appointment, Shobo was the First Bank Deputy Managing Director. First Bank of Nigeria Limited has appointed Mr Gbenga Shobo as the Managing Director/Chief Executive Officer of the bank. The bank’s Chairman, Mrs Ibukun Awosika, … Read more

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