CPPE forecasts slight inflation moderation in 2025 due to Naira rebound and lower volatility. Rising global oil prices under Trump could ease inflation. High energy costs, insecurity, and global factors may keep inflation elevated. The Centre for the Promotion of Private Enterprise (CPPE) has predicted that Nigeria’s inflation may ease slightly in 2025. In a … Read more
President-elect Donald Trump announced plans to impose 100% tariffs on countries in the BRICS alliance—comprising China, Russia, and other emerging economies—unless they pledge not to create a new currency during his administration. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We … Read more
President-elect Donald Trump has named Jamieson Greer as his choice for the next United States Trade Representative. Greer is well-acquainted with the role, having previously served as Chief of Staff to Robert Lighthizer during Trump’s first term. Under their leadership, the administration imposed broad tariffs on China and other nations and negotiated the landmark US-Mexico-Canada … Read more
President Bola Tinubu has appointed Vice President Kashim Shettima to lead Nigeria’s delegation to the 2024 Commonwealth Heads of Government Meeting (CHOGM). According to a statement by Stanley Nwokocha, the Vice President’s spokesperson, Shettima will represent Nigeria at the international event scheduled to take place in Apia, Samoa, from October 21 to 26. The 2024 … Read more
The price of Brent crude oil has dropped below $70 per barrel for the first time since December 2021, raising concerns about a global economic slowdown. This steep decline in oil prices is expected to put additional pressure on the Nigerian naira, which has recently depreciated to N1,600 per US dollar. EKO HOT BLOG gathered … Read more
This week, cement prices from major manufacturers like Dangote and BUA are shaped by a complex mix of factors. Eko Hot Blog reports that this week, cement prices from leading manufacturers such as Dangote and BUA reflect a complex interplay of factors including industrial dynamics, infrastructural challenges, global economic influences, and government policies. The price … Read more