Benevolence or Malevolence? Elon Musk’s Twitter Now Charges $8/Month For Blue Tick

  Elon Musk has said Twitter will charge $8 (£7) monthly to Twitter users who want a blue tick by their name indicating a verified account. Eko Hot Blog reports that as part of changes after a $44bn (£38bn) takeover of the social media site, Mr Musk said it was “essential to defeat spam/scam”. EDITOR’S … Read more

Serena Williams’s Firm, Others Invest $3.3m In Nigerian Data Company Stears

Serena Williams’s venture capital firm and others are backing a Nigerian data and insights firm, Stears, in a $3.3 million seed round. Eko Hot Blog reports that the round is led by MaC Venture Capital with participation from Serena Ventures, Melo 7 Tech Partners, Omidyar Group’s Luminate Fund and Cascador. EDITOR’S PICKS Tennis Queen Serena … Read more

5 Dangerous Habits That Can Ruin Your Business And Career

Business

Running a business demands patience, dedication, attention, ingenuity, and the appropriate mentality, just like every other resourceful activity in which man engages. The success of any business or career can be negatively impacted by certain traits if not curbed on time. EDITOR’S PICK:  5 Foods That Can Reduce Anxiety Instantly 3 Warning Signs Of Diabetes … Read more

Fidelity Bank Set To Acquire Union Bank Plc

Fidelity Bank

Fidelity Bank Plc has entered into a binding agreement to acquire a 100% stake in Union Bank UK Plc.   EKO HOT BLOG reports that top commercial bank, Fidelity Bank has entered into an agreement to buy 100 per cent stake in the United Kingdom unit of Nigeria’s second oldest lender, Union Bank. EDITOR’S PICK: … Read more

Travellers Stranded As Dollar Scarcity Forces Banks To Ration $4,000 Personal Travel Allowance (PTA)

Dollar Scarcity

Nigerian travellers and students abroad are stranded as banks adjust their forex sale policy due to dollar scarcity.   EKO HOT BLOG reports that Nigerian travellers and students abroad are finding it increasingly difficult to access the United States dollar at the Central Bank of Nigeria’s official rate for eligible transactions. EDITOR’S PICK:  Black Market … Read more

5 Months After FCMB Yet To Explain How N450,000 Vanished From Customer’s Account

FCMB Yet To Explain How N450,000

A Kano-based businessman has accused FCMB bank of refusing to explain how the sum of N450,000 was debited from his account   EKO HOT BLOG reports that First City Monument Bank, FCMB, has been accused of refusing to provide concrete reasons N450,000 was debited from the account of a Kano-based business owner without his consent. … Read more

4 Easy Ways Every Nigerians Can Make Money On Facebook In 2022

Money from Facebook

Easy Ways Every Nigerians Can Make Money On Facebook Originally launched on October 28, 2003 as Facemash, before being changed to Facebook in 2004, the platform founded by then Harvard students Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes with just a few users has grown to have nearly half of the world’s population … Read more

5 Profitable Skills Your Children Can Learn This Holiday

Skills Children can learn

EDITOR’S PICK:  SCAM ALERT: 4 Ways Your Bank Account Can Be Hacked By Internet Fraudsters 7 Best Spy Apps To Catch A Cheating Partner 5 Weirdest Cars You Would Not Believe Actually Exist Children’s development should not only be centred on cognitive areas alone, it should embrace the whole idea of improving their psycho-motor domain … Read more

Scarcity: Marketers Plan Strike As Fuel Sells 175/litre, Queues Worsen

Marketers Plan Strike
  • Marketers Plan Strike As Fuel Sells 175/litre, Queues Worsen

  • Some outlets in Lagos that sold the commodity at N169/litre last week had to adjust their pumps on Wednesday, as they dispensed PMS to motorists at N175/litre

EDITOR’S PICK: 

EKO HOT BLOG reports that some filling stations on Wednesday dispensed Premium Motor Spirit, popularly called petrol, at over N175/litre, higher than the government-approved N165/litre price, as oil marketers insisted to embark on strike from next week if the government fails to pay them (marketers).

It was gathered that some outlets in Lagos that sold the commodity at N169/litre last week had to adjust their pumps on Wednesday, as they dispensed PMS to motorists at N175/litre.

Also, queues by motorists at filling stations, which had persisted in Abuja and environs since February this year, gradually resurfaced in parts of Lagos on Wednesday.

It was observed that many filling stations, particularly those belonging to members of the Independent Petroleum Marketers Association of Nigeria, were shut due to a lack of products to sell to customers.

Gegu Oil, Eterna and Oando filling stations at the Dutse end of the Kubwa-Zuba Expressway in Abuja, for instance, had remained shut for days for lack of products to sell, despite the heavy queues of motorists in a nearby NNPC retail outlet.

Amidst these concerns, oil marketers under the aegis of Abuja-Suleja IPMAN, stated on Wednesday that their proposed strike would go ahead next week if the government fails to substantially clear the bridging claims for transportation of petrol being owed marketers.

Last week, oil marketers warned that Nigeria could witness “the mother of all queues” soon if the Federal Government fails to pay the 12 months bridging claims being owed operators in the downstream oil sector.

They had also denied being paid N74bn by the Federal Government as bridging claims for the transportation of petroleum products.

The Federal Government through its Nigeria Midstream and Downstream Petroleum Regulatory Authority had said last week that it paid N74bn as bridging claims to oil marketers for the transportation of petroleum products across the country in seven months.

But the Secretary, Abuja-Suleja IPMAN, Mohammed Shuaibu, whose unit covers Abuja, Kogi, Niger and parts of Nasarawa and Kaduna, told a correspondent from Punch Newspapers on Wednesday that though some members had confirmed the receipt of payments, a host of others had yet to receive theirs.

“Few of our members have confirmed receiving alerts, but the majority have not been paid and so the decision to embark on the mother of all strike still stands, except we get our payments,” he stated.

Shuaibu added, “Many independent marketers are closing shop and because of these debts. We cannot continue to fold our hands. We are sorry about the hardship, but the government has to pay us, otherwise we will withdraw our services.”

FURTHER READING: 

Reacting to the concerns, the spokesperson, NMDPRA, Kimchi Apollo said that the petrol price had not changed from the approved N165/litre price, as he also stated that efforts were on to settle to bridging claims being owed the marketers.

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Mobile Money: MTN Drags 18 Nigerian Banks To Court Over N22bn Fraud (Full Details)

MTN Drags 18 Nigerian Banks To Court

Mobile Money: MTN Drags 18 Nigerian Banks To Court Over N22bn Fraud The banks listed as defendants in the suit include Ecobank, Fidelity Bank Access Bank, First Bank, First City Monument Bank, FCMB and Guaranty Trust Bank EDITOR’S PICK:  Police Recover Unexploded IEDs At Owo Church Owo Church Attack “Targeted At Turning Yorubaland Into A … Read more

5 Attitudes You Should Adopt In Your Business To Achieve Success

5 Attitudes You Should Adopt in Your Business To Achieve Success

EDITOR’S PICK:  5 Foods That Can Reduce Anxiety Instantly 3 Warning Signs Of Diabetes You Must Never Overlook 5 Bad Signs You Are Not Eating Enough Food Success is one incident that does not happen by chance or luck, it requires the conscious and deliberate effort to practice certain principles. These principles can work for … Read more

CBN Says Naira Notes Will Soon Be Out Of Circulation, Reveals Replacement

CBN Gives Reasons Why Market Men And Women Should Start Using e-Naira

CBN Gives Reasons Why Market Men And Women Should Start Using e-Naira Compares e-Naira With Bitcoin, ATM, POS EDITOR’S PICK: CBN Defers Launch Of Digital Currency ‘E-naira’ Digital Currency: CBN Set Date To Officially Launch E-Naira eNaira: CBN Alerts Nigerians Over Fake Social Media Accounts EKO HOT BLOG reports that the Central Bank of Nigeria … Read more

How Govt Officials, Politicians Worsen Naira To Dollar Exchange Rate – Obi

Peter Obi Laments That Government Officials Who Should Protect Naira Now Spend In Dollar

Peter Obi Laments That Government Officials Who Should Protect Naira Now Spend In Dollar ‘Politicians Have Enough Dollars To Share Even Without Legitimate Means Of Earning This Dollar’ EDITOR’S PICK: 2023: Peter Obi Vows To Make Nigeria Producing Economy 2023: I’ll Replace Sharing Formula With Production Formula — Peter Obi 2023: PDP Govs Reject Atiku’s … Read more

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