The Department of State Services (DSS) is reportedly planning to arrest Fisayo Soyombo, the founder and editor-in-chief of the Foundation for Investigative Journalism (FIJ). According to an anonymous security official, the DSS is actively tracking Soyombo’s location and could detain him at any moment once his whereabouts are confirmed. EDITOR’S PICKS Police Arrest Man For … Read more
The Federal Government has issued a stern warning to private sector employers, urging them to strictly adhere to the N70,000 minimum wage. Any deviation from this mandate will not be tolerated, the government has emphasized. According to the FG, the new minimum wage is crucial in addressing the current economic challenges, and it is imperative … Read more
A source within the Economic and Financial Crimes Commission (EFCC) has revealed that the agency’s chairman, Ola Olukoyede, specifically instructed staff not to attend to the former Governor of Kogi State, Yahaya Bello, during his visit to the commission’s headquarters on Wednesday. The source noted that Bello’s arrival was seen as a violation of the … Read more
There are strong indications that President Bola Tinubu may abolish the Ministry of Humanitarian Affairs and Poverty Alleviation as part of a major cabinet reshuffle. According to sources within the presidency, this shake-up could involve merging or splitting various portfolios, along with the possible dismissal of some ministers. Facing increasing pressure from both internal and … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has given major petroleum marketers the green light to start lifting premium motor spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery. This decision aligns with the existing agreement between NNPCL and the refinery. Under the original agreement, NNPCL was designated as the exclusive distributor of … Read more
The Federal Inland Revenue Service (FIRS) has revealed plans to introduce an e-invoicing platform aimed at improving Nigeria’s tax administration system. The digital platform, called FIRS e-Invoice, is designed to streamline invoice processing in compliance with the Tax Administration and Enforcement Act of 2007. FIRS Executive Chairman, Zacchaeus Adedeji, announced this during a stakeholders’ engagement … Read more
The Lagos State Government has issued a stern warning about a looming building collapse at the Mopol 20 Barracks in Ikeja. The state’s emergency management agency, LASEMA, is preparing to initiate an urgent evacuation of the old block 3 section of the barracks due to the deteriorating structural integrity. EDITOR’S PICKS Japan’s Next PM Vows … Read more
Many residents of Nigeria’s Federal Capital Territory have struggled to obtain the Federal Government’s subsidized 50kg bags of rice, priced at N40,000. The government launched the sale of 30,000 metric tons of subsidized rice, but the process of obtaining the rice has been fraught with challenges. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s … Read more
The Central Bank of Nigeria (CBN) has announced plans to reintroduce and enforce the payment of the Cybersecurity Levy on electronic transactions across the country. This was outlined in the CBN’s Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, released on Tuesday. According to the document, the levy, which was initially … Read more
The Central Bank of Nigeria (CBN) has approved a new chairman and board of directors for Keystone Bank as part of its strategy to ensure the institution’s sustained growth. Keystone Bank confirmed the appointments in a statement on Wednesday, highlighting the CBN’s decision to name a new board chairman, five non-executive directors, and two executive … Read more
President Bola Tinubu is reportedly planning to reshuffle his cabinet ahead of Nigeria’s Independence Day celebrations on October 1. Sources within the presidency revealed to BusinessDay that this move is in response to mounting criticisms of the administration’s handling of the economy. Insiders suggest that several key ministries may be impacted by the reshuffle, including … Read more
The Federal Government has alerted Nigerians about the release of water from the Lagdo Dam in Cameroon. EKO HOT BLOG reports that this was announced in a press statement issued on Tuesday by Umar Muhammed, the Director General/Chief Executive Officer of the Nigeria Hydrological Services Agency (NIHSA). According to the statement, the authorities of the … Read more
Biliamin Oba, the Senior Special Assistant on Social Development to Lagos State Governor Babajide Sanwo-Olu, has advised Nigerians to reduce their spending in response to the country’s current economic difficulties. Speaking during the 2024 International Youth Day event organized by the National Youth Council of Nigeria (NYCN) Olorunda Local Council Development Area (LCDA) Chapter in … Read more
President Bola Tinubu has signed a bill establishing the National Center for the Control of Small Arms and Light Weapons. This move, announced by National Security Adviser (NSA) Nuhu Ribadu during a workshop on Gender Mainstreaming in Preventing the Proliferation of Small Arms and Light Weapons in Abuja, states the President’s commitment to addressing the … Read more
Operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have arrested Shizzer Joy Nasara Bada, the former Commissioner of Finance and Accountant General under Nasir el-Rufai’s administration in Kaduna State. EKO HOT BLOG gathered that Bada was reportedly apprehended on Sunday at the Murtala Muhammed Airport in Lagos while attempting to leave … Read more
Ahead of the 2025 AFCON Matchday 3 and 4 qualifiers between Nigeria and the Mediterranean Knights, the Libyan Football Federation (LFF) has dismissed Serbian coach Milutin Sredojević, known as Micho. The decision comes after Libya’s disappointing start to the AFCON qualifiers, where they drew 1-1 with Rwanda in Tripoli and lost their last match against … Read more
The Minister of State for Youth Development, Ayodele Olawande, has dismissed claims that President Bola Tinubu will loot Nigeria’s treasury. Speaking during the Joint Union Negotiating Council’s event at the Federal Ministry of Youth Development in Abuja, Olawande emphasized that Tinubu is a man of considerable wealth who has no interest in misappropriating the country’s … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized the Nigerian National Petroleum Company Limited (NNPCL) for selling petrol sourced from the Dangote Refinery at a higher price than imported fuel. Speaking on Channels Television’s The Morning Brief, IPMAN’s National Welfare Officer, John Kekeocha, questioned the pricing disparity. “If NNPC can sell Dangote products … Read more
The prices of Premium Motor Spirit (petrol) ranged between N897 and N980 per litre at major filling stations in the Federal Capital Territory, Abuja, as of Monday morning. An EKO HOT BLOG correspondent visited several major filling stations, including those operated by Independent Petroleum Marketers and NNPCL, revealing that pump prices per litre ranged from … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced that petrol supplied by the Dangote Refinery will be sold at different prices across the country, with northern regions facing the highest rates. In a Monday statement titled “NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing,” NNPC spokesperson … Read more