NOA says 70% of Nigeria’s 80 million youths unemployed Most productive years lost to joblessness Call for empowering talent through engagement Almost 70 percent of Nigeria’s estimated 80 million youths are currently unemployed, a staggering reality revealed by the National Orientation Agency (NOA) that spotlights a mounting social and economic crisis. Eko Hot Blog reports … Read more
Governor Adeleke signs ₦427 billion 2025 budget into law. Assembly increases budget by ₦37 billion from initial proposal. Ministries tasked with ensuring effective budget implementation. Osun State Governor, Ademola Adeleke, has signed the ₦427 billion 2025 appropriation bill into law. The signing ceremony took place on Monday at the Exco Lounge, Governor’s Office, in the … Read more
Nigeria has fulfilled 100 percent of its financial obligations to the Economic Community of West African States (ECOWAS), making a full payment of its community levy for the first time in nearly two decades. The payment, amounting to ₦84 billion and $54 million, covers Nigeria’s financial contribution for the entirety of 2023 and extends to … Read more
Dangote Refinery has officially commenced the export of Premium Motor Spirit (PMS) to Cameroon, marking its first-ever international shipment and a significant milestone for Africa’s largest oil refinery. EKO HOT BLOG reports that this groundbreaking export, announced in a statement by Dangote Refinery on Wednesday, results from a strategic partnership with Neptune Oil, a leading … Read more
The Senate has passed four tax reform bills for second reading during Thursday’s plenary session. Following the approval, Senate President Godswill Akpabio referred the bills to the Finance Committee, chaired by Senator Sani Musa (APC, Niger East), for further legislative work and a report back within six weeks. Before deliberating on the bills, the Senate … Read more
The Dangote Petroleum Refinery has commenced the export of refined petroleum products to neighboring West African nations, signaling a potential disruption in regional fuel markets. A Bloomberg report on Tuesday, citing data from Vortexa, Kpler, Precise Intelligence, and ship-tracking platforms, revealed that a tanker recently transported a shipment of gasoline from Dangote’s refinery to the … Read more
The Nigerian National Petroleum Company Gas Marketing Limited (NGML), a subsidiary of NNPC Limited, has signed a Gas Sale and Purchase Agreement with Dangote Petroleum Refinery and Petrochemicals, Lagos, to supply natural gas for power generation and as feedstock for the refinery. The agreement was executed by NGML’s Managing Director, Justin Ezeala, and Dangote Group’s … Read more
The media team of President Bola Ahmed Tinubu has unveiled the administration’s scorecard for October, showcasing progress on various initiatives. EKO HOT BLOG reports that the announcement was made via the President Bola Ahmed Tinubu Media Centre’s account on X (formerly Twitter) on Friday. The scorecard reflects President Tinubu’s strides toward achieving his Renewed Hope … Read more
The Transmission Company of Nigeria (TCN) has announced the full restoration of electricity supply to Damaturu in Yobe State and Maiduguri in Borno State after completing extensive repairs on the 330kV Gombe-Damaturu-Maiduguri transmission line. In a statement on Friday, TCN’s General Manager of Public Affairs, Ndidi Mbah, confirmed that the Gombe-Damaturu line was successfully reactivated … Read more
The Oyo State government has imposed a ban on heavy-duty trucks and articulated vehicles from using the newly inaugurated Iseyin-Fapote-Ogbomoso road. In a statement issued on Thursday, Commissioner for Information and Orientation, Dotun Oyelade, explained that this decision was made to protect the road, which is crucial for improving agricultural transportation, trade, and inter-city travel. … Read more
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has commended Nigerians for their resilience and entrepreneurial spirit in the face of global challenges. She encouraged Nigerians to take pride in being part of one of the most dynamic countries in the world. Okonjo-Iweala made these remarks on Tuesday while celebrating Nigeria’s 64th Independence Anniversary. … Read more
The World Bank has approved three operations totaling $1.57 billion to assist the Federal Government in enhancing human capital through improved health for women, children, and adolescents, while also building resilience against climate change impacts, such as floods and droughts, by improving dam safety and irrigation systems. The new funding includes $500 million to address … Read more
Nigerian Senators are sharply divided over the proposal to return to a regional system of government, with lawmakers from the Southern and Northern regions expressing conflicting opinions. These discussions unfolded during a two-day retreat focused on constitutional amendments, organized by the Senate Committee on Constitution Review in partnership with the Policy and Legal Advocacy Centre … Read more
President Bola Ahmed Tinubu has submitted the names of the inaugural Governing Board members for the North West Development Commission (NWDC) to the Senate for confirmation. This was revealed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System … Read more
The Federal Government has signed a Memorandum of Understanding (MoU) with Tyazhpromexport, the builders of the Ajaokuta Steel Plant, for the rehabilitation, completion, and operation of the facility, along with the National Iron Ore Mining Company (NIOMCO). Shuaibu Audu, the Minister of Steel Development, signed the agreement on behalf of the government in Moscow, Russia, … Read more
President Bola Ahmed Tinubu has approved the appointment of new members to the board of the Bank of Industry (BoI) Limited. The announcement was made on Monday through a statement from the President’s Special Adviser on Media and Publicity, Ajuri Ngelale. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down … Read more
Nigeria plans to integrate 30 million unbanked citizens into the formal financial sector as part of President Tinubu’s Renewed Hope Agenda. EKO HOT BLOG reports that Nigeria’s Vice President, Kashim Shettima, has announced the federal government’s initiative to integrate 30 million unbanked Nigerians into the formal financial sector. This move aligns with President Bola Tinubu’s goal … Read more
Governor Alex Otti, Abia State, interest-free loans, micro-businesses, entrepreneurship, economic development, Abia entrepreneurs, loan scheme Eko Hot Blog reports that Governor Alex Otti of Abia State has launched the disbursement of a ₦1 billion interest-free loan under the state cooperative support scheme for 10,000 nano and micro business operators across the state’s 184 electoral wards. … Read more
Southern governors unanimously support establishing state police to enhance local security control and effectiveness. Eko Hot Blog reports that Southern governors have advocated for state police, asserting it will provide them with greater control over security decisions in their states. They argue that local officers, who understand the terrain and language, are better positioned to combat crime … Read more
Former President Olusegun Obasanjo commissioned the Owerri Central Market Complex in Imo State, praising Governor Hope Uzodimma’s efforts and expressing optimism that the project will attract investors, create jobs, and drive development in the region. Eko Hot Blog reports that the Nigeria’s former President, Olusegun Obasanjo, on Friday commissioned the Owerri Central Market Complex in … Read more