The Bank of England raised interest rates by three-quarters of a percentage point on Thursday, the biggest hike in 33 years, as it tries to contain soaring inflation even as the UK economy slides towards recession. Eko Hot Blog reports that The central bank made its eighth interest rate hike in less than a year, … Read more
The IMF has urged Nigeria to use clear policy decisions to tame inflation. Eko Hot Blog reports that the International Monetary Fund (IMF) has implored Nigeria and other countries to make clear policy decisions for price stability amid rising inflationary pressures. EDITOR’S PICKS Buckingham Palace Announces Date For King Charles III’s Coronation WTO DG Okonjo-Iweala … Read more
Youth Council Has Blamed Emefiele Over Naira Devaluation EKO HOT BLOG reports that the National Youth Council of Nigeria (NYCN) has blamed the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele’s poor economic management policies for the recent free-fall of the Naira. This online media platform gathered that the Naira within the … Read more
CBN Increases Interest Rate To 13.5% Amid Inflation Emefiele said the MPC is suspicious, there might be an aggressive accretion of inflation EDITOR’S PICK Many Feared Dead As Explosion Rocks Kano 2023 Presidency: Ohanaeze Threatens Boycott Of Polls Over Zoning Niger-Delta Youth Group Sends Strong Warning To Wike Over Dagogo Detention EKO HOT BLOG reports … Read more
The headline inflation rate slowed down in March 2022 when compared to the same month in the previous year The agency blamed the rise in the food index on increases in prices of bread and cereals, food products, potatoes, yam and other tubers, fish, meat, oil and fat EDITOR’S PICK JUST IN: Heavy Security Presence … Read more
EDITOR’S PICK 17-Month-Old Baby Needs N700,000 For Cancer Treatment 14-Year-Old Boy Drowns In Open Water In Kano – Fire Service I Won’t Tolerate Buck-Passing If I become President-Yahaya Bello Despite the fact that poverty affects all countries on the planet, some countries are more affected than others. Poverty rates are calculated by determining how many … Read more
Kyari said in view of the negative impacts of the activities of the oil vandals on the country’s economy and environment, there was the need to set up a special court He said the country’s oil sector was recording an all-time low crude oil production of 1.49 million barrels per day due to increase in … Read more
Concerning the urban inflation rate, an increase to 16.25 per cent (year-on-year) in February 2022… The rural inflation rate increased to 15.18 per cent in February 2022 from 16.77 per cent in February 2021 EKO HOT BLOG reports that Nigeria’s consumer price index, (CPI) which measures inflation has increased to 15.70 per cent for the … Read more
President Buhari Demands Transparency and Accountability As New NNPC Board Visit him Ekohotblog, report that President Muhammadu Buhari Friday in Abuja urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, … Read more
The communique confirmed that from the total distributable revenue of ₦675.946 billion… EKO HOT BLOG reports that the Federation Accounts Allocation Committee (FAAC) has shared a total of ₦675.946 billion to the Federal Government, states, and local government councils as the Federation Account revenue for November, as a total of ₦196.175 billion Value Added Tax … Read more
…the Headline Index increased by 1.15 per cent in September 2021, this is 0.13 per cent rate higher than the rate recorded in August 2021 (1.02) per cent The Consumer Price Index, (CPI) which measures inflation increased by 16.63 per cent in September 2021, EKO HOT BLOG has learnt. This is 0.38 per cent points … Read more
Nigeria was sixth with a benefit of $2 billion, accounting for 3.12 percent… Nigeria has been ranked sixth among the top 10 countries with the highest exposure to funds and support from the World Bank. According to the International Finance Corporation (IFC), a member of the World Bank Group’s annual report, “Meeting the Moment”, Nigeria … Read more
Dollar to Naira exchange rate today 1 October 2021, black market rate has emerged. Eko Hot Blog 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? October 1 dollar … Read more
Naira has hit an all-time low at the official market this morning. Eko Hot Blog reports that Nigeria’s currency, Naira weakened significantly against the U.S. dollar at the official market Friday, reaching its lowest rate in that market, even as foreign exchange supply rose marginally. Data from the FMDQ securities exchange window where forex is officially traded showed that … Read more
Dollar To Naira Exchange Rate Today 24 September 2021 black market rate has emerged. Eko Hot Blog 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 24 dollar to … Read more
The meeting took place at the governor’s office in Akure on Tuesday, September. Governor of Ondo State, Rotimi Akeredolu has advanced discussions with Senior Special Assistant (Diaspora Affairs) to Ekiti State Governor and Chairman Nigeria’s Diaspora Focal Point Officers’ Forum, Femi Odere, on exploring revenue creation via diaspora remittances. The meeting, geared towards availing the … Read more
Recall that EkoHotBlog earlier reported that the President wrote the Nigerian Senate seeking approval for $4 billion and €710 million external loans. Reno Omokri a former presidential aide, has reacted to President Muhammadu Buhari’s new loan request to the senate. Recall that EkoHotBlog earlier reported that the President wrote the Nigerian Senate seeking approval for $4 billion and … Read more
According to the lawmaker, the CBN Governor feels he is bigger than Nigeria. Tajudeen Adefisoye a House of Representatives member, has reacted to the continuous fall of the Nigerian Naira in parallel and official markets. In a tweet shared by the Hous of Reps member, Adefisoye said the recent exchange rate is now scary. He … Read more
US currency climbs to highest level in over nine months after Fed signals it will pare back bond-buying program. Oil prices have dropped to a 3-month low after a strengthening dollar and the resurgence of COVID-19 forced prices below $66 per barrel on Thursday. The World Health Organisation earlier disclosed that the circulation of the Delta … Read more
The indictment underscores that seeking to obscure virtual currency transactions in this way is a crime. Larry Harmon, the 38-year-old Ohio resident who operated darknet Bitcoin mixer Helix, has pleaded guilty to laundering an estimated $300 million. His sentencing date is yet to be announced. READ ALSO: FORMER US TREASURY CRIMINAL INVESTIGATOR HIRED BY CRYPTO … Read more