By Abiodun KOMOLAFE Recession is simply defined as ‘a difficult time for the economy of a country, when there is less trade and industrial activity than usual and more people are unemployed.’ To put it succinctly, recession is a vehicular expression of what is wrong with a domestic economy. Any economy will slide into recession … Read more
EKOHOTBLOG, 28TH NOVEMBER, 2020 Femi Fani-Kayode, a chieftain of the Peoples Democratic Party, PDP, has predicted what is going to happen in the country’s political space in the next few weeks. According to the politician and former Minister of Aviation, the political landscape of Nigeria will witness many changes. “There are going to be many … Read more
The Nigerian government has signed a memorandum of understanding with the government of Niger Republic to import petroleum products from the neighbouring west Africa country. The agreement was signed by Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), on behalf of Nigeria through the ministry of petroleum resources. Alio Toune, director-general … Read more
Nigeria has reached a consensus with the Niger Republic for the transportation of imported petroleum products. The Ministry of Petroleum Resources explained this in a statement, saying “The Federal Government of Nigeria and the Republic of Niger have signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage.” President Muhammadu Buhari and President Mahamadou … Read more
The United Kingdom says We will continue to consider prospective designations under the Global Human Rights sanctions regime. The country is reacting to petition to sanction the Nigerian government over the killing of protesters during the #EndSARS demonstration. It said it is reviewing all evidence concerning the petition seeking a sanction against the federal government … Read more
This is happening as a result of the imposition of $1m business equity on non-Ghanaians as well as other conditions. Eko Hot Blog gathered that members of the Nigerian Union of Traders Association in Ghana have presented a letter to the Federal Government requesting evacuation from the country. A statement issued by the Nigerians In … Read more
There is utter unease among President Muhammadu Buhari henchmen and advisors following the emergence of Joe Biden as president of United States in the ongoing election. The democratic candidate has been touted by major and renowned mainstream cable news television as winner of the presidential polls. The Democratic candidate will be sworn in as the … Read more
By Biola Lawal In the US Elections, the two Presidential candidates are 74 and 77yrs old respectively. Their Senate Majority leader (Mitch McConnell) is 78yrs old and has been in the senate for 35yrs. Their House is led by an 80yrs old woman (Nancy Pelosi) and she’s been there for 31yrs. Nigeria’s problem is not age … Read more
Notable elder statesmen and socio-cultural leaders on Saturday converged, saying Nigeria was long overdue for restructuring while warning the Federal Government that the country was bleeding from bad leadership and poor policies The statesmen added that the government must not take Nigerians for granted, as the security and socioeconomic situations of the country were deteriorating. … Read more
The United States forces on Saturday announced that they have rescued an American citizen who is being held hostage in northern Nigeria. In a statement, Jonathan Hoffman, the Pentagon spokesman, said the rescue operation was conducted on Saturday morning. The American was reportedly abducted in Niger Republic on Tuesday and subsequently moved to Nigeria. “U.S. … Read more
The federal government on Wednesday said it would do everything possible to ensure former minister of finance, Ngozi Okonjo-Iweala, emerge director-general of the World Trade Organisation. Ekohotblog had reported how Okonjo-Iweala took an important step towards the actualisation of her goal after polling 104 votes from 164 member countries to defeat her opponent, South Korea’s … Read more
Nigeria got her independence with so much hopes and optimism of the good things the future held for our fecund nation. 60 years down the line elation and optimism that characterised the colourful independence and freedom from Colonial Masters have been replaced with gloom and despair as citizens found their dream of a great nation … Read more
Federal Government says the risk of resurgence of COVID-19 pandemic in Nigeria is high due to the large gatherings of the #EndSARS protesters The Federal Government says the risk of resurgence of COVID-19 pandemic in Nigeria is high due to the large gatherings of the #EndSARS protesters and the mayhem that followed. Mr Boss Mustapha, … Read more
The High Representative/Vice-President of the European Union, Josep Borrell, has released a statement regarding the shooting of unarmed protesters at the Lekki toll gate. EkoHotBlog recalls that security operatives opened fire on unarmed End SARS protesters who were singing the National Anthem at the Lekki toll gate yesterday evening. The governor of Lagos State has … Read more
Fire has broken out at the Nigerian port authority headquarters in marina area of Lagos. A significant portion of the area housing the critical sector of the economy was set ablaze on Wednesday. Ekohotblog can’t independently verify if the port is set ablaze by angry mobs who are expressing their displeasure at the massacre of … Read more
#ENDSARS, Or End Protests, which way Nigeria This is our regular update on national protests against police brutality, a global touchpoint, in Nigeria. Amid protests against police brutality in Nigeria, the government has made some concessions. In a televised speech on 12 October, President Muhammadu Buhari said that the Special Anti-Robbery Squad (SARS) will be … Read more
The speaker of the house of representatives, Femi Gbajabiamila, says Nigeria is fighting to protect its sovereignty in light of recent situation in the country. Gbajabiamila said this during the inauguration of the house ad hoc committee on constitution review in Abuja on Thursday. Gbajabiamila said recent events underscore the fight for the survival of … Read more
The World Bank Group has revealed it will partner with the Nigerian government to build up the health and education sectors. World Bank Group’s President, David Malpass, disclosed this during a press briefing at the 2020 annual general meeting on Thursday. According to him, the system of transparency in government is important to reduce corruption … Read more
#EndSARS: Pastor Sam Adeyemi Condemns Attack On Nigerian #EndSARS Protesters Ekohotblog, October 11, 2020.. The Senior Pastor of Daystar Christian Centre, Sam Adeyemi, has condemned the police force for attacking young Nigerian citizens who are peacefully protesting against SARS brutality. The Pastor in a tweet via his Twitter account insisted that the voice of the African youth must … Read more
Nigeria has, yet again dodged another $1.5bn liability as the International Centre for Settlement of Investment Dispute in the United States rules in its favour in a oil dispute. The tribunal relieved Nigeria of the $1.5bn liability while ruling on an application for arbitration filed by two oil companies. Minister of justice and attorney-general of … Read more