As the world prepares to welcome the New Year, various stakeholders in Nigeria, including those from the manufacturing, academic, security sectors, local government unions, and the Ijaw National Congress, have called on President Bola Tinubu to take steps toward improving the economy in 2025. While acknowledging the challenges of 2024, which they described as “tough” … Read more
President Bola Tinubu has arrived in Cape Town, South Africa, to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission alongside President Cyril Ramaphosa. EKO HOT BLOG reports that Tinubu’s arrival was confirmed by Frederick Nwabufo, the Senior Special Assistant to the President on Public Engagement, in a statement shared on X. According to … Read more
President-elect Donald Trump has selected Republican Congresswoman Lori Chavez-DeRemer of Oregon to serve as the next Secretary of Labor. During his campaign, Trump pledged to prioritize American workers by safeguarding their jobs, revitalizing U.S. manufacturing, and ensuring pathways to achieve the American dream. EDITOR’S PICKS Electricity Meter Costs Rise Again As Deregulation Takes Effect Biden, … 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
Federal government bans use of foreign syringes and needles in hospitals NAFDAC to stop issuing import licenses for these medical supplies Directive aims to support local manufacturing and protect domestic industry Eko Hot Blog reports that spearheading a push to bolster Nigeria’s domestic manufacturing capabilities, the Minister of State for Health, Dr. Tunji Alausa, has … Read more
EKO HOT BLOG reports that the Federal Government has said a total of N160 billion was budgeted for the Consumer Credit Scheme and implementation of the Student Loan Scheme in the 2024 budget. The Minister of Budget and Economic Planning, Atiku Bagudu, made the disclosure on Thursday at a press briefing in Abuja. EDITOR’S PICKS BREAKING: … Read more
Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has committed his administration to the full support of the manufacturing sector, saying the move is important to the state’s economy. He spoke on Friday when he inaugurated a new manufacturing factory in Ikeja for Godrej Nigeria Limited, a consumer goods company with an Indian … Read more
As Nigeria prepares for the inauguration of Asiwaju Bola Tinubu as the country’s 16th president, there are key things you need to know. EKO HOT BLOG gathered that ahead of the inauguration, Nigerians have called on the president-elect to take quick actions to tackle critical issues in the country’s economy, security, fuel subsidy and … Read more
By Praise Ben The tumultuous waters of the petroleum industry are familiar terrain for Nigeria. With vast oil reserves at her disposal, the nation’s potential for prosperity should be limitless. Sadly, a trifecta of corruption, mismanagement, and policy vagaries has stunted the growth of this promising industry. In recent times, the fuel subsidy regime has … Read more
An escalation of the United States and China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed yesterday. The United States and China would see “sizable” losses in manufacturing as capacity moves toward Mexico, … Read more