Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has refuted claims that the federal government intends to impose new taxes or increase existing tax rates for Nigerians. During a session with the Senate Committee on Finance, chaired by Senator Mohammed Sani Musa, Adedeji clarified that the tax reform bills submitted to … Read more
Lagos State Governor, Babajide Sanwo-Olu, is set to officially launch the commercial operations of the Red Line rail today. In a statement sighted by EKO HOT BLOG on Tuesday, Sanwo-Olu announced that the new train service will transport approximately 500,000 Lagos residents daily along the corridor. He mentioned that the Red Line will initially operate … Read more
President Bola Tinubu has expressed relief over the safe return of the Super Eagles to Nigeria following their challenging experience in Libya ahead of the 2025 Africa Cup of Nations qualifier. In a statement issued on Monday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said he was deeply concerned by … Read more
The former presidential candidate of the Labour Party, Peter Obi, has strongly condemned the recent fuel price hike and urged the Federal Government to reverse the increase immediately. In a statement posted on his X handle on Saturday, Obi criticized the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise petrol prices by 14.8%, pushing … Read more
I sincerely appreciate the immense honour and special privilege accorded me as the Chairman of the Plenary I Session of the 54th Annual Accountants Conference of our beloved Institute of Chartered Accountants of Nigeria [ICAN]. Please permit me to congratulate most heartily Chief Davidson Chizuoke S. Alaribe FCA, the freshly cut Diamond President of ICAN … Read more
President Bola Tinubu says the economic hardship confronting Nigerians is not peculiar to the country alone. The president stated that in his nationwide broadcast on Tuesday to mark the 2024 Independence Day anniversary, saying it is a global issue. He said, “The central concern of our people today is the high cost of living, especially … Read more
President Bola Ahmed Tinubu announced an employment scheme, known as Renewed Hope Labour Employment and Empowerment Programme, LEEP to create jobs for 2.5 Nigerians directly and indirectly. Tinubu made this announcement during his 64th Independence Day State of the Nation broadcast on Tuesday. He said the initiative which will commence in November 2024 aims to … Read more
President Bola Tinubu says at least 300 Commanders of the Boko Haram insurgents and bandits have been eliminated in the last one year. Tinubu made this statement on Tuesday in his nationwide broadcast to mark the nation’s 64th Independence Day anniversary. He expressed delight that his administration which kicked off in May 2023 “is winning … Read more
President Bola Tinubu on Tuesday addressed the nation during the celebration of Nigeria’s 64th Independence Anniversary celebration, saying his reforms are yielding results. He also announced the intention of the Federal Government to include the Nigerian youths in his administration, by introducing a 30-day national youth conference. Read Ful Text Below: TEXT OF NATIONAL BROADCAST … Read more
President Bola Tinubu has officially sworn in Justice Kudirat Kekere-Ekun as the new Chief Justice of Nigeria (CJN). The ceremony took place on Monday at the Council Chambers of the Aso Rock Villa, following the Senate’s confirmation of her nomination last week. Justice Kekere-Ekun becomes the 23rd CJN and the second woman to hold this … Read more
In the midst of Nigeria’s complex economic and political landscape, meaningful conversations become crucial catalysts for change. My recent discussion with Bolade Agbola, a distinguished Agricultural Economist, stockbroker, banker and Business Administration doctorate holder, offered invaluable perspectives on the country’s pressing challenges. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim … Read more
Dignitaries, prominent clerics, friends, and family members gathered on September 27 to celebrate the 70th birthday of Bishop David Oyedepo, founder of Living Faith Church Worldwide, also known as Winners Chapel. The grand celebration took place at the church’s headquarters in Ota, Ogun State, with the auditorium packed with guests, all dressed in white and … Read more
President Bola Tinubu has announced that a cabinet reshuffle is imminent and has urged his ministers to actively engage with the media to promote the initiatives of their respective ministries. Speaking at a press conference held at the State House in Abuja on Wednesday, Bayo Onanuga, the Special Adviser to the President on Information and … Read more
The Senate conducted a screening on Wednesday for Justice Kudirat Kekere-Ekun, who has been acting as Chief Justice of Nigeria (CJN) since August following the retirement of Olukayode Ariwoola. EKO HOT BLOG reports that during the screening, Kekere-Ekun was accompanied by various members of the judiciary and her family. This process began shortly after President … Read more
The Federal Executive Council (FEC) has given its approval for the Economic Stabilization Bills (ESB), marking a significant step in the government’s Accelerated Stability and Advancement Plan. This decision was reached during the council’s 18th meeting, chaired by President Bola Tinubu at the Aso Chambers of the State House in Abuja. The ESB, based on … Read more
The Nigeria Labour Congress (NLC) has announced its intention to engage the federal government in discussions on strategies to help workers cope with the recent surge in petrol prices, which the union claims has diminished the anticipated benefits of the new ₦70,000 national minimum wage. NLC President Joe Ajaero made this announcement during the opening … 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 Federal Government has initiated the free conversion of petrol-powered commercial vehicles to run on Compressed Natural Gas (CNG) in Ibadan, Oyo State, and Zaria, Kaduna State. In Ibadan, around 100 commercial vehicles were converted to CNG at three locations: Mobil filling station on the Ibadan-Lagos expressway, Automation Auto Gas in Podo Industrial Village, and … Read more
As of September 6, 2024, at least five tertiary institutions in the South-East have received funds from the Federal Government’s student loan scheme, according to data from the Nigeria Education Loan Fund (NELFUND). This development addresses previous concerns that NELFUND was neglecting South-East institutions in its disbursement process. NELFUND clarified that it was not deliberately … Read more
Vice President Kashim Shettima has assured Nigerians that President Bola Tinubu’s administration is committed to addressing the persistent flooding issues in the country. He announced that a comprehensive roadmap has been developed to tackle the problem effectively. Shettima made this commitment during his visit to Maiduguri, Borno State’s capital, on Tuesday, where he conducted an … Read more