The Coalition of Northern Groups (CNG) has expressed its opposition to the Nigeria Labour Congress (NLC) regarding the removal of fuel subsidy. On Wednesday, the federal government announced the removal of fuel subsidy, leading to a significant hike in the price of petroleum from N195 per litre to N540 per litre. The CNG claimed that … Read more
An Ex-Army General has told Tinubu to address the economic and insecurity crisis the country is currently facing. The ex-general urged the President to deploy local and international contact to tackle the situation. He also congratulated the President on his Inauguration as President. EKO HOT BLOG reports that a retired General of the Nigerian Army, … Read more
By Judith Ukoh Kazeem Akinpelu is a 27-year-old resident of Ikorodu, a suburb of Lagos state. He works as a software developer in Lekki, a highbrow area in Lagos state. Every work day, Kazeem leaves his home by 5a.m and gets to his office on or before 7a.m. He pays a total sum of 1,200 … Read more
The meeting between the Federal Government and Organised Labour over fuel subsidy removal has ended without a consensus. The NLC President demanded a return to the status quo before resuming negotiations, criticizing the removal of subsidy and the lack of conversation on palliative measures. Talks will continue, and the parties hope to reach a … Read more
The APC Governors say President Bola Tinubu is only implementing what the immediate past Buhari government started Assured Nigerians of Tinubu’s ability to handle the situation Eko Hot Blog reports that Governors from the All Progressives Party, APC have assured Nigerians that the government is working on implementing the removal of fuel Subsidy in … Read more
The removal of the fuel subsidy has triggered more hardship Driver burnt to death during police chase Eko Hot Blog learnt that a team of police officers reportedly took to their heels after the car they were chasing had an accident and caught fire in Port Harcourt, Rivers State. The tragic incident occurred on Wednesday, May … Read more
Kate Henshaw reacts to the removal of Fuel Subsidy following President Tinubu’s ascension to the seat of President. According to the Nollywood actress, it has been total chaos following the gridlock caused by the fuel scarcity. In her assessment, Nigerians who don’t need to be outside shouldn’t bother stepping outside. EKO HOT BLOG reports that … Read more
Ayodele Fayose, a prominent member of the Peoples Democratic Party (PDP), has expressed his support for the decision made by President Bola Ahmed Tinubu’s administration to remove fuel subsidy. Fayose took to Twitter to voice his opinion on the matter. According to Ayo Fayose, he commended Tinubu for making what he believed to be the … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company (NNPC) Limited has revealed the reason for the increase in pump price at its outlets across the country. Recall that President Bola Tinubu, in his inaugural address on Monday, triggered panic buying across the country after declaring that “fuel subsidy is gone.” EDITOR’S PICKS Epe-Berger … Read more
…NNPCL assures a ceaseless supply of products Eko Hot Blog reports that the Nigerian National Petroleum Company Limited (NNPCL) has confirmed the adjustment in the pump prices of Premium Motor Spirit (PMS) or fuel. The Chief Corporate Communication Officer, NNPCL Ltd, Garba Deen Muhammad in a statement on Wednesday, titled ‘Adjustment in the pump price … Read more
Representatives of the Federal Government are expected to meet with NLC today. The meeting will be over the proposed removal of fuel subsidy. The NLC President called for a review of Tinubu’s pronouncement, emphasizing that leadership should reduce people’s suffering. EKO HOT BLOG reports that representatives of the Federal Government are expected to meet with the … Read more
Eko Hot Blog reports that the Lagos State Governor, Babajide Sanwo-Olu, has urged oil marketers to stop hoarding fuel. Recall that this medium reported on Tuesday how queues returned to filling stations in Lagos shortly after President Bola Tinubu’s inaugural address on Monday. EDITOR’S PICKS ‘I Stand Ready To Dedicate My Entire Being To Serving … Read more
Eko Hot Blog reports that the Nigeria National Petroleum Company, NNPC limited, has welcomed the decision by the Federal governrnent to remove subsidy on Premium Motor Spirit PMS otherwise known as petrol. EDITOR’S PICKS From Interim Gov To Arrest: Hit And Miss Prophecies On Tinubu’s Inauguration Tenure Over: Buhari Leaves Abuja, Heads For Daura Inauguration … Read more
Eko Hot Blog reports that President Bola Tinubu’s pronouncement of the cancellation of petrol subsidy has been met with panic in various quarters. Tinubu made the pronouncement in his inaugural speech as Nigeria’s president on Monday in Abuja. EDITOR’S PICKS ‘I Stand Ready To Dedicate My Entire Being To Serving You’ — Tinubu Promises Nigerians … Read more
President Tinubu announces the end of fuel subsidy in his inaugural speech at the Eagle Square. The decision aims to redirect funds towards infrastructure, education, healthcare, and job creation. He emphasized the need to address security challenges, revitalize the economy and promote agriculture. EKO HOT BLOG reports that in his inaugural speech at the Eagle … Read more
As Nigeria prepares for the inauguration of Asiwaju Bola Tinubu as the country’s 16th president, there are key things you need to know. EKO HOT BLOG gathered that ahead of the inauguration, Nigerians have called on the president-elect to take quick actions to tackle critical issues in the country’s economy, security, fuel subsidy and … Read more
The Church of Nigeria, Anglican Communion, has emphasized the need to test the resilience of the nation’s judicial system in the Presidential Election Petition Tribunal. They called on the incoming government to prioritize security, education, healthcare, and infrastructural development for a united and prosperous nation. The Church also urges the government to address rising inflation, … Read more
By Praise Ben The tumultuous waters of the petroleum industry are familiar terrain for Nigeria. With vast oil reserves at her disposal, the nation’s potential for prosperity should be limitless. Sadly, a trifecta of corruption, mismanagement, and policy vagaries has stunted the growth of this promising industry. In recent times, the fuel subsidy regime has … Read more
The federal government of Nigeria has not dropped plans to remove fuel subsidy by June 2023. NEC has stated that the fuel subsidy must be removed as it’s not sustainable. The full subsidy removal by June 2023 remains the target as contained in the 2023 fiscal framework and appropriation act as well as the petroleum … Read more
The National Economic Council has suspended the removal of the fuel subsidy that was earmarked to foresee the end of the Muhammadu Buhari administration. This, according to the council, is due to provisions for subsidy already been made for June in the budget. However, NEC mulls over June ending to kickstart its plans for fuel … Read more