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
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
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
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
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
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
The Chairman, Senate Committee on Finance, Sani Musa, has call on the Federal Government to initiate more mitigating measures to ameliorate effects of subsidy removal. Musa made the call in a statement on Sunday to clarify his support for subsidy removal and commitment to addressing citizens’ concerns. He said the mitigating measures that should be … Read more
Senator Sani Musa, representing Niger East Senatorial District, commended President Bola Tinubu’s decision to end the fuel subsidy in Nigeria, calling it a major positive development for the country. In an interview with Channels TV on Friday, Musa praised the subsidy removal as a necessary move, noting it was made with the nation’s best interests … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to engage in talks with Dangote Petroleum Refinery from Tuesday to Wednesday to finalise agreements on the pricing and lifting of petrol from the facility. According to reports on Sunday, the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 … Read more
Senator Oluremi Tinubu has stood by her husband, President Bola Tinubu, amid growing economic challenges in Nigeria, insisting that he should not be blamed for the current situation. Her comments come as Nigerians struggle with rising prices, particularly after the removal of the fuel subsidy, which saw petrol prices skyrocket from ₦198 to ₦1,030 per … Read more
The Federal Capital Territory (FCT) Police Command has assured Abuja residents of a secure and peaceful Independence Day celebration on October 1. In a statement issued on Monday by the Command’s Public Relations Officer, SP Josephine Adeh, the police affirmed that adequate personnel and equipment have been strategically deployed across the capital ahead of Nigeria’s … Read more
The organizers of the #FearlessOctober1 protest have declared that neither the police, Department of State Services, nor the military will prevent them from proceeding with their planned demonstration. The group has also sent a letter to the Inspector General of Police, Kayode Egbetokun, requesting security for the event, emphasizing that peaceful protest is a fundamental … Read more
Osun State Governor, Ademola Adeleke, has revealed that his administration is actively working on implementing a new minimum wage for civil servants in the state. EKO HOT BLOG reports that Speaking at the 14th convocation ceremony of Osun State University, held at the institution’s main campus in Osogbo on Saturday, Governor Adeleke acknowledged the economic challenges faced … Read more
The Federal Government has initiated the free conversion of petrol-powered commercial vehicles to run on Compressed Natural Gas (CNG) in Ibadan, Oyo State, and Zaria, Kaduna State. In Ibadan, around 100 commercial vehicles were converted to CNG at three locations: Mobil filling station on the Ibadan-Lagos expressway, Automation Auto Gas in Podo Industrial Village, and … Read more
The Lagos State Government has extended its work-from-home policy for employees for an additional three months. EKO HOT BLOG reports that Governor Babajide Sanwo-Olu approved the extension in a circular issued by the state Head of Service, Bode Agoro, on Wednesday. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter BREAKING: PDP Summons … Read more
The Presidency has asserted that President Bola Tinubu’s administration did not mislead Nigerians about the removal of fuel subsidies. Special Adviser to the President on Information and Strategy, Bayo Onanuga, addressed concerns following a statement by the Nigerian National Petroleum Company Limited (NNPCL) regarding financial strains that have contributed to the current fuel scarcity. EDITOR’S … Read more
Nigerian youths plan nationwide protests from August 1-10, 2024, to highlight severe hardship and call for policy reversals, gaining momentum particularly in the North. Eko Hot Blog reports that Government officials are on edge and police are on high alert as Nigerian youths plan nationwide protests from August 1-10, 2024, to highlight the severe hardships … Read more
APC believes President Bola Tinubu will be re-elected in 2027 despite economic hardships, emphasizing the necessity of ongoing reforms. EKO HOT BLOG reports that the All Progressives Congress (APC) has expressed confidence that President Bola Tinubu will be re-elected in 2027 despite the current economic hardships and the planned alliance between major opposition parties. The … Read more
Smuggled Nigerian petrol floods West African markets, selling at N1,700/litre. Federal Government raises alarm over petrol smuggling into neighbouring countries. Customs seizes over 150,000 litres of smuggled petrol, launches Operation Whirlwind to curb activities. EKO HOT BLOG reports that the Federal Government raised an alarm on Monday about the resurgence of petrol smuggling, particularly Premium Motor … Read more
Governor Umaru Bago of Niger State approves a 50% reduction in registration fees for Abdulkadir Kure University students. The initiative aims to ease financial burdens on parents following the removal of fuel subsidies. Pro-Chancellor University confirms the decision, highlighting its goal of alleviating economic hardships on families. EKO HOT BLOG reports that Governor Umaru Bago of … Read more