Jason Derulo reveals his car wash business generates more income than his music career. The unique all-glass car wash concept has contributed to its unexpected success. Derulo’s car wash venture is thriving despite no advertising. American singer and songwriter Jason Derulo has revealed that his car wash business generates more income than his successful music … Read more
US President-elect Donald Trump has appointed Mark Burnett, the British TV executive who produced The Apprentice, as his special envoy to the UK. Trump expressed his “great honour” in selecting Burnett for the position, which is distinct from the US ambassador role. The president-elect stated that Burnett would focus on enhancing diplomatic ties, particularly in … Read more
Ekohotblog reports that the Epe Division Community Annual Award (EDCAA) celebrated its 5th edition in a grand event that honored the remarkable sons and daughters of Epe Division for their contributions to community development and excellence. Themed Rewarding Excellence: Inspiring Community Development and Societal Impact, the ceremony, organized by the Concerned Nation Builders Initiative (CNI) … Read more
The Nigerian presidency disclosed on Sunday that Nigeria and India have agreed to deepen their strategic partnership, particularly in the areas of economic growth, defense, health, and security. This announcement followed bilateral talks between President Bola Tinubu and Indian Prime Minister Narendra Modi at the Aso Rock Villa in Abuja. EDITOR’S PICKS Trump Taps Fox … Read more
The administration of President Bola Tinubu has pledged to deliver a minimum of 20 hours of daily electricity supply to urban and industrial areas in Nigeria by 2027, contingent on improved funding for the country’s oil and gas sector. Olu Verheijen, the Special Advisor to the President on Energy, shared this goal during the African … 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 highly anticipated airdrop from the crypto-mining app Hamster Kombat has sparked outrage among thousands of Nigerians. After five months of dedicated effort tapping to earn rewards, users were expecting significant payouts, with many dreaming of newfound wealth. However, upon the coin’s launch on Thursday, expectations quickly turned to disillusionment. Instead of the substantial rewards … Read more
Chinese leader Xi Jinping pledged over $50 billion in financing for Africa over the next three years, promising to enhance cooperation in infrastructure and trade during Beijing’s largest summit since the pandemic. EKO HOT BLOG reports that more than 50 African leaders, along with UN Secretary General Antonio Guterres, are attending this week’s China-Africa forum, … Read more
The Minister of Information and National Orientation, Mohammed Idris, will represent President Bola Tinubu at the Second Indonesia-Africa Forum, scheduled to take place in Bali, Indonesia, from September 1 to 3, 2024. The forum, themed “Bandung Spirit for Africa’s Agenda 2023,” aims to strengthen bilateral relations between Indonesia and African nations. According to a statement … Read more
Nigeria’s Securities and Exchange Commission (SEC) has granted approval in principle to two cryptocurrency exchanges, Quidax and Busha, officially recognizing them as legal crypto trading platforms in the country. EKO HOT BLOG reports that these approvals were issued under the Commission’s Accelerated Regulatory Incubation Program (ARIP). Additionally, the SEC has admitted four other companies—Trovotech Ltd, … Read more
The Federal Government plans to establish building materials manufacturing hubs in six geo-political zones, inviting investors to fund and manage the hubs EKO HOT BLOG reports that the Federal Government is set to establish building materials manufacturing hubs across the six geo-political zones, the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has announced. The … Read more
President Bola Tinubu announces a ₦2 trillion investment in critical sectors like Health, Agriculture, Energy/Power, and others to accelerate economic stabilization and advancement. EKO HOT BLOG reports that President Bola Tinubu has announced a bold plan to inject ₦2 trillion into key sectors of the economy over the next six months. This significant investment aims to … Read more
Enugu State Governor Peter Mbah signed four new laws to enhance property protection, public ranch management, sports development, and environmental and climate protection. EKO HOT BLOG reports that Enugu State Governor, Peter Mbah, has signed four bills passed by the state’s House of Assembly into law. The bills are the Enugu State Properties Protection Law, the … Read more
Over 200 Chinese firms have expressed interest in investing in Nigeria, according to Foreign Affairs Minister Yusuf Tuggar, during the China-Nigeria Business Forum in Beijing. Eko Hot Blog reports that the Nigerian government has announced that over 200 Chinese firms have expressed interest in investing in the country. This was disclosed by the Minister of … Read more
Former President Olusegun Obasanjo commissioned the Owerri Central Market Complex in Imo State, praising Governor Hope Uzodimma’s efforts and expressing optimism that the project will attract investors, create jobs, and drive development in the region. Eko Hot Blog reports that the Nigeria’s former President, Olusegun Obasanjo, on Friday commissioned the Owerri Central Market Complex in … Read more
Fidelity Bank Plc. dismisses rumors of its license revocation by the CBN, assuring strong financial stability and announcing a N127.1 billion capital raise through a public offer and rights issue. EKO HOT BLOG reports that Fidelity Bank Plc. has dismissed rumours circulating about a potential revocation of its operating licence by the Central Bank of Nigeria … Read more
Accuses Tinubu of promoting propaganda over policies Questions son’s involvement in coastal highway project, calls it a conflict of interest Criticizes handling of Landmark Beach demolition, petrol scarcity, and economic policies Eko Hot Blog reports that in a scathing statement, former Vice President Atiku Abubakar has leveled allegations against President Bola Tinubu, accusing him of … Read more
FG Seeks Partners For Nigerian Oil & Gas Boom. Gbenga Komolafe of NUPRC highlights technical and financial prerequisites for block acquisition. $3 billion investment earmarked for Nigerian Gas Flare Commercialisation Programme. EKO HOT BLOG reports that the Federal Government has initiated the 2024 oil bid round, offering 12 oil blocks along with seven deep offshore blocks … Read more
Indonesia considers offering dual citizenship to attract skilled workers. Currently, Indonesian law does not recognize dual citizenship for adults. Microsoft CEO pledges $1.7 billion investment in Indonesia amid discussions on dual citizenship. EKO HOT BLOG reports that Indonesia is considering offering dual citizenship to individuals of Indonesian descent as a means to attract … Read more
530 Companies Vie for Nigerian Railway Corporation’s 2024 Projects NRC allocates over N11 billion for various initiatives. Emphasis on transparency and accountability in procurement process. EKO HOT BLOG reports that the burgeoning interest in Nigeria’s railway infrastructure development is evident as more than 530 companies have eagerly submitted bids for various projects under the Nigerian … Read more