Britain is looking into the possibility of creating a digital currency that households and businesses could use instead of cash – an initiative the finance minister dubbed “Britcoin”. The Bank of England and Treasury announced Monday the creation of a Central Bank Digital Currency Taskforce to look into a potential UK CBDC. Britain is looking … Read more
Liverpool are officially out of the Champions league competition after a 0-0 draw with Real Madrid at the 2nd leg of the quarter finals which was played at Anfield. Many football fans thought that Liverpool might turn things around after they lost 3-1 at the Alfredo Di Stefano. Although Liverpool had the best ball statistics … Read more
The Central Bank of Nigeria (CBN) says Nigeria cannot stop borrowing, especially when it is necessary as it is part of fiscal responsibility. The CBN said there is no crime in borrowing, but that there should be monitoring and evaluation of the money borrowed and the purpose meant for. The Central Bank of Nigeria (CBN) … Read more
The Senate Public Accounts Committee has given the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, up till Thursday, to appear before it over an alleged disappearance of $9.5m interest which accrued to the Federation Account from Petroleum Profit Tax Investment. The SPAC, which is currently scrutinising the reports of the AuGF, alleged … Read more
The Central Bank of Nigeria (CBN) has said there was no time the bank banned the activities of cryptocurrency in the country. The CBN said what the bank did was to protect the banking sector from the activities of cryptocurrency and not a ban on its activities. The Central Bank of Nigeria (CBN) has said … Read more
Telephone companies in Nigeria have threatened to suspend USSD services over indebtedness by banks. Millions of Nigerians use the shortcode platform to access banking services daily through their phones, but the telcos say they are being owed by the banks. The Association of Licensed Telecommunication Operators of Nigeria (ALTON) said it will disconnect the banks … Read more
The Nigeria Deposit Insurance Corporation (NDIC) has said that banks in the country lost over N5 billion to fraudsters within the first nine months in 2020. The NDIC stated that it is in collaboration with other agencies in law enforcement to curtail cybercrimes, especially in the financial system. The Nigeria Deposit Insurance Corporation (NDIC) has … Read more
The majority of our phones are linked with our bank account and it is very important to keep them safe. These phones can help us buy recharge cards, pay for internet bills, and mobile banking. As gathered by EKO HOT BLOG , Listed below are bank codes to dial immediately your phone is stolen by thieves. … Read more
Ngozi Okonjo-Iweala resumes as the World Trade Organization Director-General on Monday amid hopes that she will spur the beleaguered body into addressing its towering challenges. The 66-year-old Nigerian former finance minister takes the helm after the WTO was left adrift for seven months. Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes … Read more
The Federal Government (FG) has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. According to the government, the latest move is part of measures adopted to strengthen the currency and by extension the nation’s economy. The Federal Government (FG) has concluded plans to sell crude oil to the $15 … Read more
Vice President, Prof. Yemi Osinbajo, has called for the regulation of cryptocurrency in Nigeria, as against the ban of the digital currency. This comes after the Central Bank of Nigeria (CBN) recent ban on cryptocurrency in the country. The Vice President of Nigeria, Prof. Yemi Osinbajo, has called for the regulation of cryptocurrency in the … Read more
The CBN had prohibited dealing and facilitating payments in cryptocurrencies The CBN Governor, Godwin Emefiele has arrived at the National Assembly to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime) to brief on the opportunities and threats of cryptocurrency on the nation’s economy. The … Read more
![[JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2021/01/images-2-2.jpeg)
Core inflation, which excludes the prices of agricultural items, stood at 11.85 percent in January 2021 The National Bureau of Statistics (NBS) on Tuesday revealed that Consumer Price Index (CPI) which measures inflation has increased by 16.47% in January 2021. This is the highest since April 2017. The report also shows that food prices, food … Read more
Donald Trump opposed her choice for the job despite winning the poll conducted by the organization for its members Ngozi Okonjo-Iweala breaks silence about former US President’s opposition of her choice for the top job She sent congratulatory messages to all World Trade Organization members Ngozi Okonjo-Iweala’s appointment as WTO Director-General met a stumbling block … Read more
The National Bureau of Statistics says in 2020, the foreign capital flow into Nigeria dropped by more than half to $9.68bn, its lowest level in four years. According to the NBS data, the Foreign capital flow into the country stood at $16.81bn in 2018, $12.23bn in 2017, and $5.12bn in 2016. YOU MAY ALSO LIKE: Lagos … Read more
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday reached a consensus to retain the monetary policy rate (MPR), which determines interest rate, at 11.5 percent. Godwin Emefiele, governor of the CBN, announced the committee’s decision at the end of its two-day meeting. The monetary policy committee (MPC) also retained the … Read more
The Nigerian Economist’s selection was hindered by the former Trump administration Top US government officials wrote an open letter to President Joe Biden calling for his backing of Ngozi Okonjo-Iweala She showed her appreciation via social media YOU MAY ALSO LIKE Forbes Insists Jeff Bezos Is The Richest Not Elon Musk Biden Lifts Trump’s US Entry … Read more
The Federal Government dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion.
U.S. African Development Foundation (USADF) and All On have announced the official opening of the 2021 Nigeria Off-Grid Energy Challenge. Ekohotblog understands that the challenge will provide up to $100,000 in blended finance per enterprise for successful applicants. The Rockefeller Foundation is also providing support via the All On Hub for the program whose application … Read more
In spite of the increase in his net worth over the last few months—and a Bloomberg report on Wednesday that says he’s the richest person in the world today— Elon Musk is still the second richest person in the world, as estimated by Forbes. The discrepancy between the Bloomberg and Forbes rankings is how the … Read more