The Federal Government and opposition parties clashed on Tuesday following criticism of the economic policies of President Bola Tinubu’s administration by Delta State Governor, Sheriff Oborevwori. The PDP and NNPP sided with the governor’s view that Nigerians are struggling under the weight of Tinubu’s economic reforms. However, Minister of Information Mohammed Idris defended the reforms, … Read more
Joe Igbokwe, a prominent member of the All Progressives Congress (APC), has raised concerns about the ongoing abuse and mutilation of the naira notes in Nigeria. EKO HOT BLOG reports that on Sunday, Igbokwe informed the relevant authorities that Nigerians continue to throw naira notes on the ground and walk on them during social events … Read more
The Chartered Institute of Bankers of Nigeria (CIBN) has expressed concerns about the negative effects of certain government policies, including the removal of the fuel subsidy and the floating of the Naira, on both the banking sector and the Nigerian economy as a whole. EKO HOT BLOG reports that this statement was made during the … Read more
The Federation Account has recorded a 45% increase in revenue since President Bola Ahmed Tinubu assumed office, attributed to his administration’s bold reforms and policies. Dr. Mohammed Bello Shehu, Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), made this announcement during a press briefing in Abuja. EDITOR’S PICKS PDP Declares Ethiope East Federal … Read more
The Board of Trustees (BoT) of the Peoples Democratic Party (PDP) has announced plans to meet with the Minister of the Federal Capital Territory (FCT), Nyesom Wike, in January 2025 in an effort to resolve the ongoing crisis within the opposition party. The announcement was made by PDP BoT Chairman, Senator Adolphus Wabara, during an … Read more
The Obidient Movement has issued a stern warning of nationwide protests if human rights lawyer and activist, Barr. Dele Farotimi, remains in detention. Farotimi was reportedly arrested on the orders of a magistrate court following allegations of defaming Chief Afe Babalola, SAN. In a statement signed by the movement’s National Coordinator, Dr. Tanko Yunusa, the … Read more
The Peoples Democratic Party (PDP) and other stakeholders have urged the Federal Government to engage in wider consultations on the controversial tax reform bills currently before the National Assembly. These include the Nigeria Tax Bill 2024, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, all aimed at … Read more
Human rights lawyer Effiong Inibehe has called on Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), to step back from defending President Bola Tinubu’s administration. Inibehe made this statement in response to Pastor Adeboye’s remarks crediting his prayers for preventing the naira’s collapse to ₦10,000 per dollar. Adeboye also commended … Read more
Donald Trump, following his win in the 2024 U.S. presidential election, is set to begin selecting his cabinet and key officials for top positions within his administration. This marks the beginning of preparations for his return to the White House, where pivotal decisions on defense, intelligence, diplomacy, trade, immigration, and economic policies are expected. Reports … Read more
Former Vice President Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, has shared insights on what he would have done differently had he won the presidency. In a statement released on Sunday, he addressed the numerous inquiries he has received regarding his potential plans for Nigeria. While acknowledging … Read more
President Bola Ahmed Tinubu is set to depart Abuja today for the United Kingdom, where he will begin a two-week vacation, part of his annual leave. EKO HOT BLOG reports that this information was disclosed in a statement on Wednesday by Bayo Onanuga, the President’s Special Adviser on Information and Strategy. Onanuga noted that the … Read more
President Bola Tinubu is reportedly planning to reshuffle his cabinet ahead of Nigeria’s Independence Day celebrations on October 1. Sources within the presidency revealed to BusinessDay that this move is in response to mounting criticisms of the administration’s handling of the economy. Insiders suggest that several key ministries may be impacted by the reshuffle, including … Read more
Minister Bagudu defends President Tinubu’s policies, saying they are essential for Nigeria’s progress. He praises Tinubu for bold decisions like fuel subsidy removal and forex market deregulation. Bagudu emphasizes the necessity of tough measures for Nigeria’s growth and investor confidence. EKO HOT BLOG reports that The Minister of Budget and Economic Planning, Atiku Bagudu, supports President … Read more
Accuses Tinubu of promoting propaganda over policies Questions son’s involvement in coastal highway project, calls it a conflict of interest Criticizes handling of Landmark Beach demolition, petrol scarcity, and economic policies Eko Hot Blog reports that in a scathing statement, former Vice President Atiku Abubakar has leveled allegations against President Bola Tinubu, accusing him of … Read more
EKO HOT BLOG reports that The former President of Nigeria, Muhammadu Buhari, has assessed the performance of his successor, President Bola Ahmed Tinubu, who has been in office for barely a year. Buhari commended Tinubu, the former Governor of Lagos State, for his outstanding work since assuming office nine months ago, acknowledging Tinubu’s performance. EDITOR’S PICKS … Read more
EKO HOT BLOG reports that the Presidency has berated the 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, over his comment on the nation’s economy and the economic policies of President Bola Tinubu. This online media platform earlier reported that the former Vice President had accused Tinubu of poor response to the economic … Read more
EKO HOT BLOG reports that Governor Peter Mbah of Enugu State has commended President Bola Ahmed Tinubu over the removal of fuel subsidy and unification of the exchange rate. This online media platform reported that Governor Mbah had visited President Tinubu on Tuesday at the Presidential Villa in Abuja. EDITOR’S PICKS FG Takes Action to … Read more
Eko Hot Blog reports that The Economic Community of West African States (ECOWAS) says it is in support of President Bola Tinubu’s efforts aimed at repositioning the giant of Africa. President of Guinea- Buissau and Chairman Authority ECOWAS Head of State and Government, Umaro Sissoco Embalo, said this during a private visit to Tinubu on … Read more