The Lagos State Government, through its Ministry of Environment and Water Resources, has been the subject of criticisms after recent enforcement activities at retail stores in parts of the state over the ban of single-use plastics. In recent days, the Commissioner for Environment and Water Resources, Tokunbo Wahab, has posted footage of state officials conducting … Read more
The National Agency for Food and Drug Administration and Control (NAFDAC) has begun implementing its ban on the sale of alcoholic beverages in sachets and PET bottles smaller than 200ml. EKO HOT BLOG reports that the enforcement kicked off with an operation targeting distributors at Rumuokoro Market in Port Harcourt, Rivers State. A statement released … Read more
The Federal High Court in Lagos has dismissed a lawsuit filed by the Manufacturers Association of Nigeria (MAN) challenging the implementation of the Band A electricity tariff review by the Abuja Electricity Distribution Company (AEDC) and 11 others. The Nigerian Electricity Regulatory Commission (NERC) announced the ruling, delivered on Monday, which concluded that MAN’s case … Read more
FG begins Disement Of N200bn Palliative Loans Three categories of funding totaling N200 billion to support manufacturers and businesses nationwide. Delays and criticisms surround the program, but disbursements are ongoing. EKO HOT BLOG reports that the Ministry of Industry, Trade, and Investment has initiated the disbursement of the Presidential Conditional Grant Scheme to verified applicants following … Read more
Tinubu hosted GAVI, a vaccine alliance, at the State House. The meeting witnessed the Nigerian president committing to ensure that Nigeria fulfills its outstanding obligations for vaccine procurement. GAVI CEO says “there is no success for GAVI without success in Nigeria”. Eko Hot Blog reports that President Bola Tinubu has called on Gavi, the Vaccine … Read more
EKO HOT BLOG reports that in the Idimu area of Lagos State, the price of cement continues to soar, selling between N10,000 and N11,000 per bag, despite an agreement reached with manufacturers to cap the price at N7,000. This discrepancy has left many retailers and buyers frustrated, questioning the effectiveness of the agreement. EDITOR’S PICKS AFCON … Read more
EKO HOT BLOG reports that cement manufacturers have agreed to bring down the price of the product from N10,000 to between N7,000 and N8,000 per 50kg of the product. EDITOR’S PICKS Full List Of AFCON Awards As Ekong Wins Player Of The Tournament REVEALED! How Model Of Aircraft Carrying Wigwe, Wife, Son Crashed Multiple Times In … Read more
EKO HOT BLOG reports that the Minister of Works, David Umahi, has summoned prominent cement manufacturers to a meeting over the rising cost of cement. He expressed worry that, despite huge patronage by road and housing contractors to cement manufacturers, the cost of the product was rising at an astronomical rate. EDITOR’S PICKS Full List Of … Read more
Eko Hot Blog reports that Nigerians are bracing themselves for another surge in the prices of goods as major manufacturers increasingly rely on loans to sustain operations. Financial investigations reveal that, grappling with challenges like foreign exchange scarcity and cash flow issues, major manufacturing firms borrowed a substantial N1.833 trillion during the first nine months … Read more
President Muhammadu Buhari on Tuesday said the Federal Government has disbursed a total of N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans. EKO HOT BLOG reports that in order to increase their financial bases and increase domestic production of pharmaceuticals and medical supplies, the Federal Government has given loans totaling N100 billion … Read more