Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) foresee a slight decrease in the pump price of Petrol once production resumes at the Port Harcourt Refining Company next month. According to PUNCH, IPMAN and MEMAN have also declared their readiness to … Read more
Minister Nyesom Wike seeks House approval for N500 billion loan for FCT’s 2024 budget. Lawmaker expresses concerns over proposed borrowing, suggests exploring capital market options. Wike urges newly sworn-in FCT officials to pledge loyalty to President Tinubu’s agenda. EKO HOT BLOG reports that Minister Nyesom Wike calls for N500 billion loan approval from House for FCT’s … Read more
Eko Hot Blog reports that President Bola Tinubu has sent a new bill to the National Assembly regarding the student loan scheme. The development comes less than 48 hours after the federal government announced the indefinite suspension of the student loan scheme. Editor’s Picks Sanwo-Olu Introduces 25% Discount On Food Items In Lagos FG Considers … Read more
Eko Hot Blog reports that Nigeria Air Force(NAF) Chief of Air Staff, Air Marshal Hassan Abubakar, has expressed concern over the steep fuel prices and the imposition of surcharges. Abubakar noted that the price of Jet A-1 stood at approximately N1,200 per litre, significantly higher than the N360 per litre budgeted by the service. Editor’s … Read more
EKO HOT BLOG reports that Ondo State Governor, Lucky Aiyedatiwa, on Tuesday, formally declared his intention to contest the November 16 governorship election in the state. Aiyedatiwa, surrounded by his loyalists and supporters, made the declaration at the Gani Fawehinmi Arcade, Akure, amid fanfare. EDITOR’S PICKS BREAKING: Bandits Attack Sokoto, Kidnap Several Tsangaya Students Katsina Children … Read more
EKO HOT BLOG reports that President Bola Tinubu on Tuesday, submitted the 2024 budget for the Federal Capital Territory Administration to the House of Representatives for consideration and passage. However, the specific estimates of the budget were not disclosed in the President’s letter, which was read during the plenary session on the floor of the House. … Read more
Eko Hot Blog reports that the House of Representatives, has on Wednesday declared its support the idea of paying Nigerian workers the minimum wage that are appropriate to the present worldwide economic conditions. The House assigned its relevant committees in Labour and Employment, Finance, and National Planning the responsibility to devise strategies for compensating Nigerian … Read more
Wale Raji has been paying a monthly stipend to selected seniors across his constituency since 2020. Under the Elder’s Welfare Scheme, the lawmaker pays N10,000 to beneficiaries monthly. His office says the payment prioritises the welfare of the elderly in Epe Federal Constituency. Eko Hot Blog reports that Hon. Wale Raji, the lawmaker representing Epe … Read more
Eko Hot Blog reports that a trained crypto investigator Obinna Iwuno has said traders on cryptocurrency trading website Binance, are not anonymous as they can be traced. Iwuno, who is the President of the Stakeholders in Blockchain Technology Association of Nigeria, made this known while speaking as a guest on Channels Television’s breakfast show, The … Read more
EKO HOT BLOG reports that the House of Representatives Committee on Financial Crimes is preparing to enforce its constitutional powers against Binance Holdings Limited after the company failed to attend a public hearing. The hearing aimed to address allegations of terrorism financing, money laundering, tax evasion, and other illicit activities against the digital assets exchange operator … Read more
Eko Hot Blog reports that the House of Representatives has rejected a bill that sought to make it compulsory for presidential and governorship candidates to secure more than 50 percent of the total votes cast, to be declared winners. The bill, which was Sponsored by Awaji–Inombek Abiante (PDP- Rivers), is seeking to change the current … Read more
EKO HOT BLOG reports that in a bold initiative aimed at reforming Nigeria’s foundational legal document, Deputy Speaker of the House of Representatives and Chairman of the House Committee on Constitution Review, Benjamin Kalu, announced on Monday, February 26, that the nation is poised to unveil a new constitution ready for the President’s signature within the … Read more
In a bold step towards reshaping Nigeria’s political landscape, some members of the House of Representatives have initiated a compelling push for constitutional reforms aimed at reinstating the parliamentary system of government. The lawmakers, not less than 60 in number, are proposing a bill to alter the 1999 constitution to return the country to parliamentary … Read more
Eko Hot Blog reports that the House of Representatives Committee on the National Agency on Food, Drugs Administration and Control (NAFDAC) has decided to temporarily lift the ban on the sale of spirits and alcoholic drinks in sachets and pet bottles until the investigation is completed. Chairperson of the House Committee on NAFDAC, Regina Akume, … Read more
Eko Hot Blog reports that the Constitution Amendment Bill to introduce state police has successfully scaled the second reading before the House of Representatives. The bill, sponsored by 13 members of the House, received overwhelming support from the majority of lawmakers who prioritized addressing the current state of insecurity in the country over concerns of … Read more
Eko Hot Blog reports that elder statesman Alhaji Aminu Dantata has thrown his weight behind the move to transition from a presidential system of government to a parliamentary system. Dantata, while speaking on the development on Thursday, said the parliamentary system is better than the presidential system of government because it is cheaper. The nonagenarian … Read more
Eko Hot Blog reports that some members of the House of Representatives have made a push for constitutional reforms in order to restore the parliamentary system of government in Nigeria. The lawmakers, not less than 60 in number, are proposing a bill to alter the 1999 constitution to return the country to parliamentary democracy as … Read more
Eko Hot Blog reports that the South West zone of the country could have three more additional states if a proposal before the House of Representatives scales through. The proposal is being sponsored by the lawmaker representing Obokun/Oriade Federal Constituency, Osun State, Oluwole Oke. The suggested legislation aims to establish separate states, namely- Oke-Ogun, Ijebu, … Read more
Speaker Abbas held his first press conference since assuming the speakership. He disclosed the legislature’s initiatives to boost security and reduce cost of living. The speaker was joined by other House leaders to speak on the issues affecting the welfare of Nigerians. Eko Hot Blog reports that the Speaker of the House of Representatives, Rt. … Read more
Eko Hot Blog reports that the House of Representatives on Wednesday uncovered five banks withholding five billion dollars in forex. Worried by the instability in the foreign exchange market in the country, the House mandated the joint Committees on Banking Regulations and Banking Institutions to conduct an investigative hearing into the non-compliance by banks and … Read more