Why NUPENG, Dangote Meeting Was Held At DSS Office – FG NUPENG suspended strike after Dangote agreed to unionisation. Controversial trucking drivers’ union created by refinery was disbanded. The Minister of Labour and Employment, Muhammad Maigari Dingyadi, has explained why the headquarters of the Department of State Services (DSS) in Abuja was chosen as the … Read more
Tinubu Group accuses Wale Edun of historic zero budget performance. The group demands his resignation, citing worsening economic hardship. It also warned the National Assembly against shielding him. The South West Agenda for Tinubu (SWAGA) has demanded the resignation of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, accusing him of … Read more
Nigerian Bank Customers Protest Unauthorised Deductions, Seek CBN Intervention. BCAN petitions CBN, vows stronger advocacy against exploitative charges. Banks defend deductions, citing compliance with CBN tariff guide. Bank customers across Nigeria are voicing growing frustration over what they describe as unauthorised and excessive deductions from their accounts, urging the Bank Customers Association of Nigeria (BCAN) … Read more
Dollar To Naira Rate for Today 6th September 2025. Slight divergence exists between official rates (around ₦1,528) and street-level (₦1,538 sell rate). Market participants remain watchful amid broader economic uncertainty. Abuja, 6 September 2025 – The exchange rate for the U.S. dollar against the Nigerian naira remains relatively stable today as policymakers and market watchers … Read more
Shettima Lauds Tinubu’s Political Will in Driving Economic Reforms Highlighted the President’s recent trip to Brazil, which produced five MOUs Urged NES to provide practical solutions to Nigeria’s economic challenges Vice President Kashim Shettima has reiterated President Bola Tinubu’s determination to diversify Nigeria’s economy, describing him as a leader with the political will to take … Read more
FG collects ₦20.59tn in 8 months Govt eyes $1.75bn new World Bank loans Economists warn total debt could hit ₦180tn The Federal Government plans to increase its borrowing despite a remarkable 40.5 per cent surge in revenue for the first eight months of 2025. According to a statement by Presidential Adviser Bayo Onanuga, the government’s … Read more
APC Defends Tinubu Over 2025 Revenue Achievement. APC hails achievement, opposition dismisses it as empty figures. Economists warn borrowing and hardship still undermine fiscal gains. The All Progressives Congress (APC) and opposition parties clashed on Wednesday over President Bola Tinubu’s declaration that Nigeria had achieved its 2025 revenue target by August. EDITOR’S PICKS How Nigeria’s … Read more
We’ve Hit Our Revenue Target for the Year – Tinubu Revenue from non-oil sources has helped cushion the impact of global economic pressures – Tinubu Outlines plans to roll out agricultural mechanisation President Bola Ahmed Tinubu has announced that his administration has surpassed its 2025 revenue target ahead of schedule, attributing the success to stronger … Read more
Official Naira to Dollar Rate for Today, 2nd September 2025. Analysts attribute the rebound to cautious trading and forex policy measures. Future stability depends on exports, remittances, and foreign investments. The Nigerian naira opened trading today, September 2, 2025, at ₦1,532.68 per US dollar, marking a modest gain of ₦2.39 (0.16%) from Monday’s closing rate … Read more
CBN Reforms, Diaspora Trust Driving Remittance Surge – Dabiri-Erewa Dabiri-Erewa described the jump in remittance inflow as “humongous” “Our exchange rate is becoming a lot more competitive” – Cardoso Hon. Abike Dabiri-Erewa, Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), has hailed the recent surge in diaspora remittances as a major boost to Nigeria’s economy, … Read more
Local rice mills idle Prices hit ₦100k again Crisis may spark unrest Rice prices are now setting off serious alarm bells across the nation. A rising tide of concern has been stirring among both consumers and industry insiders alike. Eko Hot Blog has already spotlighted the intensifying challenge faced by ordinary Nigerians at market stalls, … Read more
Official Naira to Dollar Rate for Today – 1st September 2025 Exchange rate shows modest fluctuations but remains relatively steady. Stability signals easing volatility as businesses plan for year-end. The Nigerian Naira remains relatively stable against the U.S. Dollar today, maintaining a rate close to previous sessions. Traders and businesses are watching carefully amid expectations … Read more
The Warri Refinery restarted operations at 60% capacity. It produces key products like AGO, SRK, and LPG, boosting Nigeria’s energy security. NNPCL’s efforts in reviving the refinery are commended for strengthening petroleum supply. The Senior Special Assistant to President Bola Tinubu on New Media, O’tega Ogra, has announced that the Warri Refinery officially restarted operations … Read more
CPPE forecasts slight inflation moderation in 2025 due to Naira rebound and lower volatility. Rising global oil prices under Trump could ease inflation. High energy costs, insecurity, and global factors may keep inflation elevated. The Centre for the Promotion of Private Enterprise (CPPE) has predicted that Nigeria’s inflation may ease slightly in 2025. In a … Read more
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
The naira appreciated by N135 against the dollar, closing at N1,640 in the parallel market on Monday. In the official market, the naira strengthened to N1,539.55 from N1,541.68. The currency gains coincide with the Nigerian government’s announcement of a three-day public holiday for Christmas and New Year. The naira saw a significant appreciation against the … Read more
Tinubu urges Nigerians to reduce electricity bills by switching off lights. Electricity and petrol price hikes have sparked public criticism. Edwin Clark calls on Tinubu to avoid nepotism in appointments. President Bola Tinubu has advised Nigerians to switch off their lights to help reduce electricity bills amidst rising energy costs. Following his inauguration in May … Read more
Tinubu Defends Fuel Subsidy Removal, Says No Regret Over Swift Action President Bola Ahmed Tinubu has defended his decision to immediately remove the fuel subsidy upon assuming office on May 29, 2023, stating that it was necessary to safeguard Nigeria’s future and that of generations to come. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that petrol will be sold at ₦935 per litre across the country starting Monday, December 23. The announcement was made by the IPMAN National President, Alhaji Maigandi Garima, during a press interaction on Sunday. Garima confirmed that fuel stations nationwide would adopt the new pricing … Read more
NNPCL reduced petrol’s ex-depot price from ₦1,020 to ₦899 per litre. PETROAN praised the move, highlighting affordability and market competition benefits. Quality concerns emerged as stakeholders urged stricter regulatory enforcement. The Nigerian National Petroleum Company Limited (NNPCL) has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦1,020 to ₦899 … Read more