President Muhammadu Buhari on Sunday has authorized the renewal of the tenure of Mr Benjamin Akabueze as Director-General of the Budget Office of the Federation. This was contained in a statement signed by the Spokesman of the Finance Minister, Mr Tanko Abdullahi. Mr Akabueze, popularly known as Ben, was first appointed as a Special Adviser … Read more
Truly, we have created locked down relaxation that has affected every profession positively In one way or the other. But I just remember Mummy at the school cafeteria. My thought is how vendors at Nigerian higher institutions of learning be part of the beneficiaries of the lockdown relaxation. This bid which we all know it … Read more
The management of the Federal Medical Centre (FMC), Idi-Aba, Abeokuta, Ogun State has confirmed the death of a policeman who tested positive for coronavirus. All staff, who came in contact with the deceased, are currently on self-isolation, a statement issued on Sunday by the Head, Public Relations and Information of the hospital, Segun Orisajo, started. … Read more
CrowdyVest which officially unveiled transportation system in 2019, named “PlentyWaka” with technologically driven Applications to make means of transportation easier for people in Lagos State, has updated its way of operations in this period of coronavirus pandemic. Read Also: EFCC Arraigns Ex-Minister: Grant Him Bail Court Orders Moreover, before I move further on this new … Read more
The Federal Government of Nigeria has set plan in motion to review the 2020 budget to reflect an oil benchmark of $20 per barrel. Minister of Finance, Budget and National Planning Minister, Zainab Ahmed, disclosed this on Tuesday during a web conference about the impact of low oil prices on Nigeria’s economy. A further downward … Read more
Mariam Seriki, whose video on coronavirus discussion has gone viral on social media, has decided to grant Ekohotblog interview as she felt that her opinion could also go far through the reputable medium. Read Also: Average Nigerians Still Struggling For Living, Nigerian America Base Engineer Laments Miriam is an indigenous citizen of Lagos State; she … Read more
Makers of the local-made face masks have reacted towards the sudden increase in the price of elastic rubber which is a major part of the making of face marks. To the updating of the local tailors who had said their means of livelihood, at this period of the COVID-19 pandemic, depend on face marks making. … Read more
Local fashion designers known as tailors said they have been patronized at this period of the COVID-19 pandemic only when customers need face masks. The coronavirus has shutdown many businesses including all the government mechanisms within and outside the country. It is with the mercy of God that people survive, especially the poor among the … Read more
NNPC GMD, Mele Kolo Kyari has disclosed the total donations by players in the Oil and Gas Industry to Nigeria’s COVID-19 fund is N21billion. Mele Kolo Kyari said the oil sector was obliged to support the Federal Government in its efforts to bring relief to Nigerians. Kyari spoke on a TV program, where he gave … Read more
The Governor of the Central Bank of Nigeria, Godwin Emefiele has announced a N 1 .1 tn intervention fund to support critical sectors of the economy, including the fight against the deadly coronavirus. Emefiele made this known in a press statement made available to journalists and said it was imperative following the coronavirus pandemic. ” … Read more
Morocco has suspended all of its maritime connections with Italy as a result of growing fears of the coronavirus (COVID-19) outbreak. According to World Maritime News, Morocco had earlier announced the suspension of all flights to and from Italy to as measures to contain the virus. Similarly, the directorate of the merchant navy at the … Read more
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Wednesday announced that Nigerians need to adjust to life without oil following the breakdown in global oil price caused by the Coronavirus pandemic. Ahmed, while speaking at the Going for Growth conference, noted that the current economic challenge came unexpectedly. Mrs. Zainab Ahmed … Read more
Meristem Wealth Management Limited launches a N1 billion subscription offer of Meristem Growth Exchange Traded Funds (ETF) and Meristem Value Exchange Traded Funds, ETF. The two ETFs are syle indices that record the NSE-Meristem Growth Index and NSE-Meristem Value Index respectively and attract a wide range of stock for investors. Similarly, the ETFs are professionally … Read more
Stocks plummeted 7% at Monday’s market open, prompting the first marketwide trading halt since the depths of the financial crisis in December 2008. The losses came as an oil-price war and the escalating coronavirus outbreak hammered risk assets from all sides. The three major US indexes declined as equities investors digested the weekend’s oil-market news. … Read more
The Central Bank of Nigeria (CBN), has given its approval to six milk business running in the country for the importation of milk products and its by-products. Ekohotblog understands that the peak financial institution provided its approval in a round provided by the Director, Profession as well as Exchange Division, Dr. Ozoemena Nnaji in Abuja … Read more
The Authority of ECOWAS Heads of State and Government has constituted a committee, headed by President Roch Marc Christian Kabore of Burkina Faso, to study and make a full report on Nigeria’s land border closure with her neighbours. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development … Read more
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 Tony Elumelu Foundation Entrepreneurship Programme. $2.5m was released today, with the remainder expected to be disbursed to the entrepreneurs … Read more
As part of its initiative to continuously encourage female entrepreneurs in the country, Ecobank Nigeria last week in Lagos trained over 140 female business owners on digital marketing skills in its state-of-the-art Academy. The empowerment programme organized by Ecobank Female Entrepreneurs’ Initiative (EFEI) drew participants from Lagos and its environs. EFEI program which was launched … Read more
Governor Nasir El-Rufai of Kaduna State has commended Olam group, a leading player in the Nigerian agriculture value chain for paving the way through its agricultural investments and reforms in the country. El-Rufai, who was speaking recently at the ground-breaking ceremony for a Tomato processing factory, held at Kangimi, in Igabi Local Government Area of … Read more
Automobile importers and the Lagos Chamber of Commerce and Industry have kicked against the proposed increase in import tariff for new and used vehicles. The National Automotive Design and Development Council on Thursday proposed higher import tariffs of 100 per cent on fully built new vehicles and 125 per cent on used cars, whose current … Read more