Digital Skills to Power Nigeria’s Economy CBN Targets $1bn Monthly in Diaspora Financial Authorities to Track Digital Currencies President Bola Tinubu has directed Nigeria’s financial and capital market authorities to monitor the growing use of stablecoins and digital currencies. Speaking at the 18th Annual Banking and Finance Conference in Abuja, the president, represented by Finance … Read more
Obasa: Nigerians Have Witnessed Transformation Under Tinubu Says Tinubu’s administration had tackled the challenges of economic stagnation and instability Obasa praised the launch of the NELFUND Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has commended the administration of President Bola Ahmed Tinubu, saying Nigerians have witnessed inspiring transformation within the last two years. … Read more
Shettima Lauds Tinubu’s Political Will in Driving Economic Reforms Highlighted the President’s recent trip to Brazil, which produced five MOUs Urged NES to provide practical solutions to Nigeria’s economic challenges Vice President Kashim Shettima has reiterated President Bola Tinubu’s determination to diversify Nigeria’s economy, describing him as a leader with the political will to take … Read more
FG collects ₦20.59tn in 8 months Govt eyes $1.75bn new World Bank loans Economists warn total debt could hit ₦180tn The Federal Government plans to increase its borrowing despite a remarkable 40.5 per cent surge in revenue for the first eight months of 2025. According to a statement by Presidential Adviser Bayo Onanuga, the government’s … Read more
Economic Reforms Stabilising Nigeria – Tinubu Promises Federal Support for Ogbomoso Development Projects No Nigerian Student Should Drop Out Due to Poverty President Bola Tinubu on Tuesday declared that his administration’s economic reforms are stabilising the country and restoring Nigeria’s place of pride on the global stage, Eko Hot Blog reports. “The bleeding has stopped. … Read more
We’ve Hit Our Revenue Target for the Year – Tinubu Revenue from non-oil sources has helped cushion the impact of global economic pressures – Tinubu Outlines plans to roll out agricultural mechanisation President Bola Ahmed Tinubu has announced that his administration has surpassed its 2025 revenue target ahead of schedule, attributing the success to stronger … Read more
Tinubu’s Economic Moves Starting to Pay Off – Financial Analyst Nataro says early indicators suggest a gradual turnaround in Nigeria’s fiscal direction Observers say the coming months will be crucial in determining whether the early signs of progress translate into broader economic relief for citizens Economic reforms introduced by President Bola Tinubu are starting to … Read more
CBN Reforms, Diaspora Trust Driving Remittance Surge – Dabiri-Erewa Dabiri-Erewa described the jump in remittance inflow as “humongous” “Our exchange rate is becoming a lot more competitive” – Cardoso Hon. Abike Dabiri-Erewa, Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), has hailed the recent surge in diaspora remittances as a major boost to Nigeria’s economy, … Read more
Afrinvest projects Naira at N1,804 per dollar by 2025 due to FX volatility. CBN faces challenges in meeting foreign exchange demand. EFEMS introduces relative stability amid Naira fluctuation The Nigerian Naira is expected to depreciate to a fair value of N1,804 per dollar in the official market by 2025, according to a recent Afrinvest report … Read more
Senator Mukhail Adetokunbo Abiru, FCA, representing Lagos East Senatorial District, has extended heartfelt Christmas greetings to Christians and all Nigerians, urging reflection on the virtues of love, tolerance, and sacrifice exemplified by Jesus Christ. Ekohotblog reports that in his goodwill message, Senator Abiru emphasized the importance of the season as a time for fostering national … Read more
Former Indian Prime Minister Manmohan Singh, a key architect of India’s economic liberalisation, served from 2004 to 2014, shaping the nation’s economic and political landscape. Tributes from leaders, including Prime Minister Narendra Modi and Congress figures, highlight Singh’s wisdom, humility, and dedication to improving lives. As the first Sikh prime minister, Singh’s legacy includes historic … Read more
Tinubu Defends Fuel Subsidy Removal, Says No Regret Over Swift Action President Bola Ahmed Tinubu has defended his decision to immediately remove the fuel subsidy upon assuming office on May 29, 2023, stating that it was necessary to safeguard Nigeria’s future and that of generations to come. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires … Read more
Opposition parties criticized Tinubu’s N47.9tn 2025 budget as unrealistic and impractical. They flagged concerns over borrowing reliance, inflation targets, and poor implementation. Calls were made for transparent policies to tackle economic challenges effectively. The Coalition of United Political Parties (CUPP), Peoples Democratic Party (PDP), and New Nigeria Peoples Party (NNPP) have expressed strong reservations about … Read more
The 10th Senate, under the leadership of Godswill Akpabio, on Thursday, advanced the ₦49.7 trillion 2025 Budget to its second reading. EKO HOT BLOG reports that the budget received approval during plenary after extensive deliberations. The budget, presented the previous day by President Bola Tinubu, was subsequently referred to the Committee on Appropriations, chaired by … Read more
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
Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more
Segun Sowunmi, a prominent member of the Peoples Democratic Party (PDP), has criticised President Bola Tinubu for the strong opposition to the tax reform bills introduced by his administration. EKO HOT BLOG reports that the new tax bills have sparked widespread controversy, with significant pushback from Nigerians, including the 36 state governors under the National … Read more
The Presidency has dismissed claims that the Tax Reform Bills are being rushed through the National Assembly, emphasizing that the process reflects over 14 months of rigorous work. Temitope Ajayi, Senior Special Assistant to the President on Media and Publicity, stated on Monday that more than 80 professionals across the country contributed to the reforms, … Read more
The Minister of Labour and Employment, Muhammadu Dingyadi, clarified on Thursday that Nigerians expecting his ministry to provide jobs would be disappointed, as job provision is not within its mandate. Speaking at the annual conference of the Federal Capital Territory chapter of the Nigerian Institute of Public Relations in Abuja, Dingyadi acknowledged the country’s large … Read more
President Bola Tinubu has acknowledged that his administration’s economic reforms have weakened Nigerians’ purchasing power, but he assured that efforts would be made to prioritize social investment programs to assist the most vulnerable members of society. This statement was made by President Tinubu during a courtesy call from the Managing Director of the International Monetary … Read more