Retired Soldiers Suspend Protest as FG Assures Entitlements Payment Veterans raised concerns over payment chart discrepancies and unpaid allowances. Soldiers suspended protests, urging transparency in future entitlements. The Federal Government has pledged to settle outstanding entitlements owed to retired soldiers this week, ending a week-long protest at the Ministry of Finance in Abuja. EDITOR’S PICKS … Read more
No fewer than 10 federal ministries and agencies have been allocated over ₦1 trillion each in the 2025 budget. EKO HOT BLOG reports that the allocations are detailed in the 2025 Appropriation Bill presented to the National Assembly. The ministries receiving significant funding include Police Affairs, Interior, Defence, Finance, Power, Works, Budget and Economic Planning, … Read more
The Federal Government on Friday initiated the long-awaited payment of outstanding entitlements to military retirees after months of delays and assurances without fulfillment. The retirees, who had been owed a 20% to 28% salary increment covering January to November 2024, staged a protest at the Ministry of Finance on Thursday, expressing frustration over the prolonged … Read more
Federal government pensioners staged a protest in Abuja, blocking access to the Federal Ministry of Finance, to demand the release of their accrued pension rights. The demonstration, led by Comrade Sylva Nwaiwu, the National Chairman of the National Union of Contributory Pensioners, is calling for the immediate disbursement of their entitlements. EDITOR’S PICKS Electricity Meter … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has begun the process of addressing its outstanding debt of over $6 billion, a development confirmed by the Nigerian government through the Ministry of Finance. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After Two-Week Working Vacation In UK, France NIDCOM Gears Up for 7th Nigeria Diaspora Investment Summit, Aims … Read more
The federal government is set to bolster the Nigerian Air Force’s (NAF) capabilities by acquiring 34 new fighter jets to enhance its fight against bandits, terrorists, and other criminal elements. This was revealed in a statement issued on Sunday by the NAF Director of Public Relations and Information, Air Commodore Olusola Akinboyewa. EKO HOT BLOG … Read more
The federal government received a fleet of hybrid Jet Mover buses from Jet Motor Company to provide affordable transport solutions and alleviate the impact of fuel subsidy removal. EKO HOT BLOG reports that in a continued effort to provide affordable and comfortable transport solutions for Nigerians, the federal government received a fleet of hybrid Jet Mover … Read more
The federal government assures financing the new ₦70,000 minimum wage will be feasible, with plans to increase crude oil output to 2 million barrels per day. EKO HOT BLOG reports that the federal government has assured there will be no difficulties in financing the new ₦70,000 minimum wage signed into law by President Bola Tinubu. The … Read more
A 17-year-old girl named Wumi was arrested for allegedly stabbing her foster mother, Mrs. Funmilayo Adelayi, in Ondo State. The police are investigating the incident, while the family claims the suspect had a mental illness, awaiting medical confirmation. The deceased’s remains was found decomposed in her residence. Eko Hot Blog reports that The Ondo State … Read more
Finance Ministry has requested $8.92m loan from the World Bank for stationery. EKO HOT BLOG reports that despite the alarming debt profile of Nigeria, the Home Finance Department of the Ministry of Finance, Budget and National Planning has requested about $8.93m from the World Bank to procure 21 items, which included office stationery, office furniture, … Read more
Four Airlines that have suspended operations in Nigeria over trapped Forex concerns. The Federal Government’s inability to allow foreign airlines operating in the country’s airspace to repatriate their trapped funds has unsettled the nation’s aviation industry forcing some airlines to suspend their operations in Nigeria. This is as the international carriers operating in … Read more
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that over N3bn of public funds are missing from the Federal Ministry of Finance, and to ensure the prosecution of those suspected to be responsible, and the recovery of any missing public funds.” The suit followed … Read more
…the Federal Government has begun moves to prevent another strike by the aggrieved lecturers. EKO HOT BLOG reports that the Academic Staff Union of Universities (ASUU) has disclosed that it will intimate the public with its next line of action regarding an impending industrial action as its ultimatum to the Federal Government lapsed yesterday. President … Read more
….As PermSec Clarifies, Assures Panel Of Full Cooperation The House of Representatives’ Public Accounts Committee, on Friday set up a sub-committee to verify information provided by the Federal Ministry of Finance in response to audit queries regarding N161.988 million expenditure on contract awards and cash advances to officials for staff sporting events between 2015 and … Read more
Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half of its required external funding this fiscal year, a senior Treasury official said on Friday. The East African nation wants to cut debt from overseas capital markets, after a borrowing binge … Read more