NCC has extended the period during which Globacom subscribers can call MTN by 21 days. This follows the commission’s initial plan to bar Glo subscribers from calling MTN lines. Reuben Mouka revealed that an agreement has been reached to resolve all outstanding issues. Eko Hot Blog reports that the Nigerian Communications Commission (NCC) has announced … Read more
Cardinal Stone’s report warns that multinational FMCG companies may exit Nigeria in 2024 unless the operating environment improves. The report underscores the adverse effects of the substantial depreciation of the naira. FMCG firms are expected to reimagine operational strategies in 2024 to enhance cost efficiency. Eko Hot Blog reports that multinational corporations operating in the … Read more
Nigerian Exchange Limited faced its first market capitalization decline of the New Year. Despite the All-Share Index holding above 80,000 points, it experienced a notable 1.40% dip. Access Holdings Plc and First Bank of Nigeria Holdings, both recently surpassing the N1 trillion milestone, witnessed a downturn. Eko Hot Blog reports that the market capitalization of … Read more
CBN has appointed a new board of directors to govern Polaris, Union, and Keystone banks The former director of governors was dissolved last night Hadi Sirika says the appointment takes immediate effect Eko Hot Blog reports that barely a few hours after dissolving the board of directors of governing Polaris, Union, and Keystone banks, the … Read more
The official Investor and Exporter window witnessed the naira falling to N1089.51/$ on Tuesday, marking a significant 27.19% drop from its Monday closing rate of N856.57/$ On Tuesday, the naira experienced fluctuations, opening at N922.22/$, reaching a high of N1251/$, a low of N720/$, and finally closing at N1089.51/$. The continued decline in the naira’s … Read more
Eko Hot Blog reports that Fidelity Bank Plc has emerged as the Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’(BAFI) Awards 2023. The bank was presented the award at a prestigious dinner event held on Saturday, 28 October 2023 at Lagos Continental Hotel, Victoria Island, Lagos. A statement by BusinessDay … Read more
EKo Hot Blog reports that The Federal Government has initiated investigations into the activities of Meta, the parent company of Facebook, WhatsApp, and Instagram, along with DHL, a logistics firm, and the online payment platform OPay. These inquiries follow numerous complaints by Nigerians regarding violations of data subjects’ rights. The Nigeria Data Protection Commission (NDPC) … Read more
Eko Hot Blog reports that Guinness Nigeria Plc has revealed its intention to cease importing and selling Diageo products such as Johnnie Walker and Baileys by April 2024, a move that will account for six percent of the company’s overall revenue, according to a statement released on Thursday to the Nigerian Exchange Limited (NGX). The … Read more
Eko Hot Blog reports that according to the “Hotel Chain Development Pipeline Africa” report by the W Hospitality Group, West Africa leads in pipeline activity with 20,624 rooms, constituting 46% of the regional total. East Africa follows closely with 29%. Notably, the top 10 rankings include six sub-Saharan African countries, collectively accounting for 54% of … Read more
Eko Hot Blog reports that social media company, Meta, who owns Facebook, Instagram, and WhatsApp, has unveiled new features for businesses using the WhatsApp Business App. The company announced the features in a blogpost on the Facebook website. The new features include Flows, Payments Services, and Verification Badges. Meta said Flows will deliver faster chat … Read more
Eko Hot Blog reports that The Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) says a total of N5,244,037,636,561.60 has accrued into the Federation Account for the period between January and June 2023. The figure was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under … Read more
Eko Hot Blog reports that President Bola Tinubu met with a delegation of global energy giant ExxonMobil in New York on Tuesday, where he said that “Nigeria has never been more ready for business than it is now.” EDITOR’S PICKS Ogun Records Cholera Outbreak, Warns Residents Mohbad’s Mother Insists Son Was Killed, Says He Lived … Read more
Eko Hot Blog reports that BUA Cement Plc has announced plans to reduce the price of cement in Nigeria from the current N5,500 to between N3,000 and N3,500. The company’s Chairman, Abdul Samad Rabiu, disclosed this to journalists after an audience with President Bola Tinubu at the State House, Abuja. Rabiu said the price crash … Read more
Eko Hot Blog reports that BUA Cement, one of Nigeria’s leading cement manufacturers, is set to reduce the price of its product following a meeting with President Bola Tinubu on Friday. Editor’s Picks International Rescue Committee Calls For Urgent Global Aid For Libya Derna Deputy Mayor: Infrastructure Not Built To Withstand Devastating Floods Hope In … Read more
Eko Hot Blog reports that after preaching the Christianity gospel for over 40 years, veteran Pastor Matthew Ashimolowo, founder of Kingsway International Christian Centre, KICC, has reportedly chosen a new career real estate business. According to reports, the famous televangelist has retired from full-time Christian ministry and is now one of the biggest landowners in … Read more
By Bayo Osiyemi Introduction: Unleashing the Power of Innovation Innovation knows no boundaries, and Nigeria is proving just that. As the world witnesses a surge in groundbreaking ideas and inventions, Nigeria has emerged as a vibrant hub of creativity, showcasing a wide array of innovative products that have left their mark on both the local … Read more
By Bayo Osiyemi Introduction Are you an aspiring entrepreneur in Nigeria with a burning desire to start a business but limited funds to invest? Fear not, for Nigeria is a land of opportunities and a hotbed for enterprising individuals like yourself. With the right mindset, determination, and a budget of 50k, you can kick-start your … Read more
By Bayo Osiyemi Are you a business owner in Lagos looking to streamline your operations, boost efficiency, and enhance customer experience? Setting up a Point-of-Sale (PoS) system might be the game-changer you need. In this comprehensive step-by-step tutorial, we will walk you through the process of establishing a PoS system in Lagos, offering actionable insights, … Read more
By Bayo Osiyemi Introduction Welcome, aspiring Nigerian entrepreneurs, to a world of inspiration and knowledge! In the ever-evolving entrepreneurship landscape, the power of learning from others’ experiences cannot be underestimated. Books have been a timeless source of wisdom, offering invaluable insights that can transform your entrepreneurial journey. Nigeria’s vibrant and dynamic business environment provides a … Read more
In the vibrant world of Nigerian lotteries and betting services, few names resonate as strongly as Baba Ijebu. Established in 2001, Premier Lotto Limited, fondly known as Baba Ijebu, has become synonymous with gaming entertainment across the country, particularly in the Western region. EDITOR’S PICKS Lagos Baale Vanishes Into Thin Air With Family After Shooting … Read more