Isale-Eko Descendants Union Held Annual General meeting (AGM), Launches Job Database The Minister of Industry, Trade and Investment Laud Isale-Eko as a dynamic center of commerce IDU Expressed Optimism About LASG Proposed Lagos Island Regeneration Plans. To truly understand why Lagos is rightfully known as Nigeria’s commercial nerve center, one must venture into the heart … Read more
Peter Obi says FG is more interested in selfish luxuries than solving economic problems. Eko Hot Blog reports that Peter Obi, the 2023 presidential candidate of Labour Party (LP), has tackled the Federal Government for having misplaced priorities. EDITOR’S PICKS FACT CHECK: Did Lagos Govt Impose Parking Fees On Worshippers At Churches? US President Joe … Read more
Governor Sanwo-Olu listed initiatives driving economic growth in Lagos at the AfriCaribbean Business Forum. Eko Hot Blog reports that Lagos State Governor Babajide Sanwo-Olu has illustrated how “a set of locally envisioned economic ideas” transformed Lagos to be the most viable state in Nigeria. The governor spoke on Thursday when he delivered the closing speech … Read more
EKO HOT BLOG reports that the Oba of Benin, Omo Oba N’Edo, Uku Akpolokpolo, Ewuare II, has said President Bola Tinubu was ordained by God to be the President at this time. The first-class monarch stated this on Sunday during a courtesy visit to Governor Babajide Sanwo-Olu of Lagos State at the Government House in … Read more
The Coalition of Oodua Self-Determination Groups supports Tinubu’s decision to remove fuel subsidy and The group urges Nigerians to do the same, emphasizing that Nigeria cannot afford to continue budgeting trillions of naira on subsidy alone. They believe the funds allocated to subsidy can be better utilized to address various deficits and improve the quality … Read more
The GDP growth in the second quarter of 2022 was 3.54%. It dropped to 2.25% in the third quarter of the year on low oil production. However, the GDP growth rebounded in the fourth quarter of 2022. Eko Hot Blog reports that Nigeria’s Gross Domestic Product (GDP) grew by 3.52% (year-on-year) in real terms in … Read more
Nigeria’s GDP growth slowed in Q3 2022 amid “challenging economic conditions.” Eko Hot Blog reports that Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022. EDITOR’S PICKS Nigerians Can Now Renew Student Visas Without Interview – US Why I Approved Redesign Of Naira Notes – Buhari … Read more
The continued relocation of Nigerians abroad has continued to generate reactions from across the country, with the federal government assuring that it was seeking ways to halt the trend. Eko Hot Blog reports that the government also said it would continue to work towards ensuring gainful employment for Nigerians to make travelling abroad unattractive. EDITOR’S … Read more
President Muhammadu Buhari has said that the nation’s Gross Domestic Product (GDP) grew by 3.5 percent in the first quarter of 2022. Eko Hot Blog reports that he however said that the government must continue to work for higher growth so that Nigerians will feel the impact. EDITOR’S PICK JUST IN: Ethiopian Embassy Bans Visa On … Read more
EDITOR’S PICK Kaduna Train Attack Victim Dies From Gunshot Injury Insecurity: Nigerians Leave Their Homes Unsure Of Returning – Wole Soyinka ‘Our Policies, Programmes Aim At Nothing But The Betterment Of Nigeria’ – Buhari GDP is a measure of a country’s wealth around the world. In which economists and politicians all over the world use … Read more
Nigeria economy Tops 2021 Growth Forecasts on Crops Nigeria GDP grew 3.4% in 2021; central bank estimate +3.1% Oil production fell to 1.50 barrels per day in the fourth quarter EKO HOT BLOG reports that Nigeria’s economy recorded a higher Gross domestic product (GDP) growth forecast by the central bank and government in 2021 after … Read more
”It is in our own interest that the government does some borrowing and spends it on investment because that sector contributes to the Gross Domestic Products (GDP) and contributes to employment. The Minister of Works and Housing, Babatunde Fashola, has defended the Federal Government’s resort to loans to expand infrastructure in the country. Fashola, who … Read more
For the first time in more than three years, the nation’s economy shrank in the second quarter of this year as the Gross Domestic Product fell by 6.10 per cent. The National Bureau of Statistics, in its GDP report for Q2 2020, said on Monday that the decline was largely attributable to significantly lower levels … Read more