Economic

Senator Tokunbo Abiru Spreads Love as 10,000 Households in Lagos East Receive Food Packs for Festive Season

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Ekohotblog reports that Senator Mukhail Adetokunbo Abiru, FCA, representing Lagos East Senatorial District, has extended his generosity to over 10,000 households across the 16 LGAs/LCDAs in the district. EDITOR’S PICKS  Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen Heroes Current Cement Prices: Dangote, BUA, Others This Festive Season Fatal Crash on Lagos Third … Read more

Ikosi-Ejinrin LCDA Chair Anomo Highlights Economic Prosperity, Sustainable Development at 2025 Budget Retreat

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Ekohotblog reports that he Ikosi-Ejinrin Local Council Development Area (LCDA) has commenced its 2025 Budget Retreat with a call from the Executive Chairman, Otunba-Akogun Wale Raji Anomo, for the proposed budget to reflect the aspirations and needs of the people, with a focus on economic prosperity and infrastructural development. While declaring the retreat open, Chairman … Read more

Epe APC Leaders and Members Unite for Community Development Amid Economic Challenges

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Ekohotblog reports that Members of the All Progressives Congress (APC) in Epe Local Governmento on Thursday, held a meeting at the party’s secretariat in Paramount, Epe. The meeting aimed to bring together members and leaders to renew their commitment to community progress during these challenging economic times. Many prominent figures attended, showing their support for … Read more

Wale Raji Distributes Agricultural Palliatives To Epe Farmers

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Wale Raji Distributes Agricultural Palliatives To Epe Farmers

Eko Hot Blog reports that Hon. Wale Raji, a Member of the House of Representatives for Epe Federal Constituency, has distributed agricultural palliatives to farmers in Epe, Lagos State. This move represents a significant effort to boost agricultural productivity and ensure food security in the region. EDITOR’S PICK Exercise Caution, We’re Open To Dialogue – … Read more

China Defends Economic Data And Military Spending Amidst U.S. Criticism

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Economic data

China reaffirms accuracy of economic data Emphasizes transparency in military spending  Responds to U.S. criticism with confidence Eko hot blog reports that China has reaffirmed the accuracy of its economic statistics and emphasized the transparency of its military budget, countering recent remarks by the head of the U.S. Indo-Pacific Command regarding the country’s economic situation … Read more

FG Budgets N160 Billion For Student Loan, Consumer Credit Scheme

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Repays Student Loan

EKO HOT BLOG reports that the Federal Government has said a total of N160 billion was budgeted for the Consumer Credit Scheme and implementation of the Student Loan Scheme in the 2024 budget. The Minister of Budget and Economic Planning, Atiku Bagudu, made the disclosure on Thursday at a press briefing in Abuja. EDITOR’S PICKS BREAKING: … Read more

Buhari Sold Nigeria’s Future, Says Mutfwang

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Eko Hot Blog reports that Plateau State Governor Caleb Mutfwang expressed concern on Monday about the economic challenges confronting Nigerians, attributing the situation to the previous administration led by former President Muhammadu Buhari. Editor’s Pick Reps Urge Arrest Of Binance Executives For Alleged Financial Crimes Mr Ibu’s Body Departs Lagos For Hometown Burial (Video) Why … Read more

Economic Hardship Hits Bayelsa – Governor Diri Speaks Out

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Eko hot blog reports that In a candid address to members of the Nigeria Labour Congress during a protest against the high cost of living, Bayelsa State Governor, Mr. Douye Diri, voiced concern over the economic challenges gripping the nation. He lamented the inflationary pressures caused by federal policies, which have led to hardships affecting … Read more

Shettima Departs For World Economic Forum In Switzerland

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Shettima

EKO HOT BLOG reports that the Vice President, Senator Kashim Shettima, has departed Abuja for the World Economic Forum in Davos, Switzerland. The spokesperson of the Vice President, Stanley Nkwocha, disclosed this in a statement released on Sunday. EDITOR’S PICKS AFCON: Seko Fofana Scores First Goal As Ivory Coast Beat Guinea-Bissau JUST IN: RTEAN Dissolves Council, … Read more

Fuel Subsidy Removal: Navigating Nigeria’s Uncertain Economic Waters

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Subsidy

In the heartland of Africa’s largest nation, a contentious issue has ignited a fiery discourse, enveloping citizens in a tapestry of debate and concern—fuel subsidy removal. President Bola Tinubu’s resolute decision to eliminate these subsidies has plunged the nation into an enigmatic haze of uncertainty, where shadows of inflation, economic deceleration, and social unrest loom … Read more

Top 10 Strongest Currencies In Africa

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Africa

Africa is not renowned for its technical advances or high quality of life, but rather for its poverty and deeply ingrained corruption, thus it is not expected that it would boast the strongest currencies in the world. Nevertheless, several legal tenders on the dark continent command respect on the foreign currency market; hence, this list … Read more

Dangote To Cut Sugar Importation By 40%, Create Jobs For Over 30,000 Youths (Details)

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Dangote To Cut Sugar Importation

Dangote Is Set To Cut Sugar Import By 40% EKO HOT BLOG reports that The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the country by 40 per cent.   The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on … Read more

BREAKING: Buhari Appoints New Chief Economic Adviser

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Buhari has appointed new chief economic adviser. EKO HOT BLOG reports that the President Muhammadu Buhari has appointed Dr Doyin Salami as his Chief Economic Adviser. In a statement on Tuesday by the Special Adviser to the President on Media and Publicity, Femi Adesina, the 59-year-old is expected to address all issues on the domestic … Read more

Buhari Meets Economic Advisory Council In Aso Rock

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– President Muhammadu Buhari met with Economic Advisory Council (EAC) in Abuja – EAC will advise the President on economic policy matters, including fiscal analysis, economic growth and a range of internal and global economic issues working with the relevant cabinet members and heads of monetary and fiscal agencies – It is also expected to … Read more

Why Russia Sent Troops to Venezuela

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Russia

  Russia recently sent two military planes full of troops and equipment to Venezuela. It’s a move that could provoke a strong response from the United States and potentially plunge the South American nation into further chaos. Around 100 Russians landed outside of Caracas, Venezuela’s capital, with unidentified equipment on Saturday. It’s not entirely clear … Read more

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