Digital Skills to Power Nigeria’s Economy CBN Targets $1bn Monthly in Diaspora Financial Authorities to Track Digital Currencies President Bola Tinubu has directed Nigeria’s financial and capital market authorities to monitor the growing use of stablecoins and digital currencies. Speaking at the 18th Annual Banking and Finance Conference in Abuja, the president, represented by Finance … Read more
Adebanjo Marks One Month in Office with CNG Tricycle Initiative in Onigbongbo Resident noted that the tricycles will not only improve local mobility but also reduce the environmental impact Observers say Adebanjo’s quick start signals an administration keen on tangible grassroots development Barely a month into office, the Executive Chairman of Onigbongbo Local Council Development … Read more
The Federal Government has announced plans to establish a youth bank that will offer loans, grants, and other financial products to support young entrepreneurs, fostering innovation and job creation. EKO HOT BLOG reports that the Minister of Youth Development, Mr. Ayodele Olawande, made this announcement during a media briefing in Abuja on Tuesday. The minister … Read more
Hon. Chidi Obetta, the representative for Nsukka/Igbo-Eze South Federal Constituency in the National Assembly, has declared that Adada State will be the first state to be created from the South East region. Speaking at his 2nd Town Hall Meeting held over the weekend at the Princess Alexandra Auditorium, University of Nigeria, Nsukka (UNN), Obetta highlighted … Read more
Lagos State Governor, Babajide Sanwo-Olu, has inaugurated the IBILE Oil Compressed Natural Gas (CNG) initiative, emphasizing his administration’s dedication to cleaner energy, environmental sustainability, and economic empowerment. Speaking at the Pilot CNG Vehicle Conversion Training in Yaba, organized by IBILE Oil & Gas Corporation (IOGC), the Governor, represented by Deputy Governor Kadri Obafemi Hamzat, described … Read more
The Senate has revised a bill seeking to prohibit the export of unprocessed maize in commercial quantities, introducing a minimum one-year jail term for violators. The amended bill, originating from the House of Representatives, was passed on Wednesday after the Senate’s Committee of the Whole reviewed its clauses. Through a voice vote, the senators approved … Read more
The Minister of Labour and Employment, Muhammadu Dingyadi, clarified on Thursday that Nigerians expecting his ministry to provide jobs would be disappointed, as job provision is not within its mandate. Speaking at the annual conference of the Federal Capital Territory chapter of the Nigerian Institute of Public Relations in Abuja, Dingyadi acknowledged the country’s large … Read more
The Nigerian Institute of Leather and Science Technology (NILEST) is advancing plans to establish mini tanneries across all states to boost leather production and reduce reliance on hides and skin for consumption as “ponmo.” NILEST Director-General, Mohammed Yakubu, highlighted this strategy in an interview with the News Agency of Nigeria (NAN) in Abuja, stating that … Read more
President Bola Tinubu has appointed Joseph Olasunkanmi Tegbe as the Director-General and Global Liaison for Nigeria-China Strategic Partnership, marking a significant step in the bilateral relationship between the two countries. This announcement was made by Bayo Onanuga, Special Adviser to the President (Information and Strategy), in a statement released on Sunday. Tegbe’s appointment aligns with … Read more
The Federal Executive Council (FEC) has given its approval for the Economic Stabilization Bills (ESB), marking a significant step in the government’s Accelerated Stability and Advancement Plan. This decision was reached during the council’s 18th meeting, chaired by President Bola Tinubu at the Aso Chambers of the State House in Abuja. The ESB, based on … Read more
The Federal Government has signed a Memorandum of Understanding (MoU) with Tyazhpromexport, the builders of the Ajaokuta Steel Plant, for the rehabilitation, completion, and operation of the facility, along with the National Iron Ore Mining Company (NIOMCO). Shuaibu Audu, the Minister of Steel Development, signed the agreement on behalf of the government in Moscow, Russia, … Read more
President Bola Ahmed Tinubu has approved the appointment of new members to the board of the Bank of Industry (BoI) Limited. The announcement was made on Monday through a statement from the President’s Special Adviser on Media and Publicity, Ajuri Ngelale. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down … Read more
President Bola Ahmed Tinubu has given state governors a seven-day deadline to report back on their plans to boost food production and security in their respective states. Speaking at the National Economic Council (NEC) meeting, Tinubu emphasized the urgency of increasing food production and pledged his support to states in achieving this goal. “Our states … 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
Government Reassures on Pension Fund Integrity Safeguarding Workers’ Savings a Priority Responsible Investment Strategies Explored Eko Hot Blog reports that, addressing concerns, the Nigerian government categorically stated its commitment to safeguarding workers’ pension funds. In a statement, Finance Minister Wale Edun clarified, “The federal government has no intention to illegally access workers’ savings.” Editor’s Pick … Read more
Nigeria’s recent attempts to stifle crypto transactions feel like a missed opportunity. While concerns about money laundering and naira volatility are understandable, a blanket ban ignores the potential crypto holds for our nation’s young people, a demographic desperate for economic empowerment. EDITOR’S PICKS MTN Nigeria To Adjust Call tariffs Amid Operational Challenges Details As Tinubu’s … Read more
Sanwo-Olu appoints Giwa Moore as SSA on LASTVEB. Moore, renowned for advocacy and mobilization, brings extensive experience to the role. His appointment aims to bolster Governor Sanwo-Olu’s vision for technical and vocational education in Lagos State EKO HOT BLOG reports that Lagos State Governor, Mr. Babajide Sanwo-Olu, has appointed Comrade Giwa Moore as his new Senior … Read more
EKO HOT BLOG reports that Vice President Kashim Shettima, on Thursday, visited Anambra State and commissioned some projects. After arriving in the state, the vice president commissioned some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the SEOF Touch-a-Life Housing Project and the AEMSL Meter Factory, in Anambra State. Speaking during the … Read more
EKO HOT BLOG reports that the Federal Government is ready to support locally produced fabric, Adire with subsidy. The FG also planned to help establish industrial hubs for Adire across the country to further boost revenue for market women selling the local fabric while curbing its importation. EDITOR’S PICKS ‘Supreme Court Has Failed Nigerians’ – … Read more
EKO HOT BLOG reports that the National Agency for Science and Engineering Infrastructure has empowered 200 youths of Imo State in modern Electrical Installations and Maintenance. Applauding President Bola Tinubu’s focus on job creation and employment in his ‘Renewed Hope Agenda,’ the Executive Vice Chairman/ Chief Executive Officer of NASENI, Khalil Halilu, said the agenda … Read more