Scarcity

NNPCL’s Open-Ended Timeline for Port Harcourt Refinery Dampens Hopes of Petrol Scarcity Resolution

Aug 18, 2024. by Oluwadamilola Opeoluwa Pitan

Ekohotblog reports that Nigerians’ optimism about the end of petrol scarcity this year has been significantly dampened following recent statements from the Nigerian National Petroleum Company Limited (NNPCL). The company has now set an indefinite timeline for when the Port Harcourt Refining Company Limited will begin producing refined petroleum for local consumption, undermining earlier … Read more

Hardship, Food Scarcity Has Turned Nigerians Into Scavengers – NLC President

Mar 9, 2024. by Praise Ben

EKO HOT BLOG reports that the President of the Nigeria Labour Congress (NLC), Joe Ajaero, on Friday lamented that the economic hardship in the country, as well as food scarcity, has turned many Nigerians into scavengers. He submitted that if the government can not see it, they, as labour leaders, can see what is happening. … Read more

CBN Opens Up On Naira Scarcity, Reveal Causes

Dec 14, 2023. by Praise Ben

EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has opened up on the reason for the naira scarcity across the nation. The apex bank disclosed that some individuals are hoarding the currency. EDITOR’S PICKS New ICPC Chairman Musa Aliyu Assumes Office Two-year-old Boy Killed By NDLEA Laid To Rest In Delta Lagos Govt … Read more

Fuel Scarcity: Filling Stations Ration PMS As Marketers Shun Importation

Aug 24, 2023. by Praise Ben

EKO HOT BLOG reports that most filling stations across Nigeria are currently rationing petrol due to the refusal of fuel marketers to import the product. This is despite the recent deregulation of the downstream oil sector, which was supposed to allow private marketers to import and sell petrol. EDITOR’S PICKS ‘We Will Hand Over Power … Read more

Nigerians Unite Against Cash Scarcity: NLC Directs Citizens To Report Banks Failing To Dispense Cash

Mar 27, 2023. by Praise Ben

The NLC has directed Nigerians to report any commercial bank not dispensing cash. Affiliate unions and state councils of NLC were directed to monitor the cash situation and how banks were dispensing naira notes to workers. The nationwide strike will be a sit-at-home and picketing of the headquarters of the CBN and all its offices … Read more

MBF Comes Down Hard: Buhari To Be Remembered As Nigeria’s Most Disastrous President

Mar 13, 2023.Mar 13, 2023. by Praise Ben

The MBF has stated that Buhari will end up as the worst President in Nigeria’s history. The MBF tackled the President on the harm the Naira Redesign has caused Nigerians. According to the group, some Nigerians are unable to travel because of the Naira scarcity. EKO HOT BLOG reports that the Middle Belt Forum (MBF) … Read more

Naira Scarcity Worsens As Major Commercial Banks Run Out Of Cash Supply

Mar 11, 2023. by Praise Ben

Some commercial banks have their exhausted cash as the Naira scarcity is worsening. This is coming after the Supreme Court order to extend deadline for old notes till December 31st. Commercial banks are currently unable to get supply of cash from the CBN. EKO HOT BLOG reports that the crisis rocking the nation over the … Read more

‘Take Your Anger To Polls’ – Peter Obi Charges Nigerians Amid Naira, Fuel Scarcity

Feb 16, 2023. by Praise Ben

Peter Obi has urged Nigerians to channel their anger over the recent Naira scarcity to the polls, following violent protests and loss of lives and property. Obi called for patience and understanding of the harsh economic realities that led to the protests. He emphasized that voting on February 25 is the only way to end … Read more

Cash Scarcity: ‘Banks Are Not To Blame’ – ACAMB

Feb 7, 2023.Feb 7, 2023. by Praise Ben

Nigerian banks have debunked claims stating that they are to be held responsible for cash scarcity. ACAMB sympathised with Nigerians over the inconvenience the cash policy has caused. According to the President of the ACAMB, banks are not the problem of cash scarcity. EKO HOT BLOG reports that Nigerian banks have denied allegations claiming that … Read more

You Are Conniving With Banks To Cause Pain To Nigerians – APC Blasts Obi Over Comment On Naira Scarcity

Feb 6, 2023.Feb 6, 2023. by Praise Ben

APC has reacted to Obi’s statement on the naira scarcity. Peter Obi advised Nigerians to be patient with banks, as the situation will slowly change. Remi Omowaiye, the APC PCC in Osun State, charged that the CBN was seeking to “inflict agony on Nigerians.” EKO HOT BLOG reports that the All Progressives Congress Presidential Campaign … Read more

‘Nigerians Need Cash Daily’ – Osinbajo Expresses Concern Over New Notes Scarcity

Feb 4, 2023.Feb 4, 2023. by Praise Ben

Osinbajo has expressed concern over the rising scarcity of New notes. The Vice President voiced his concern after he met with several FinTech ecosystem participants and investors. Osinabjo advised authorities and banks to send more FinTechs and money agents to the hinterlands. EKO HOT BLOG reports that Vice President Yemi Osinbajo on Friday expressed worry … Read more

Cash Scarcity: Sanwo-Olu Urges Residents To Stay Calm Amid Hardship

Feb 4, 2023. by Philip Ibitoye

Nigerians have been struggling to access the redesigned naira notes for several weeks. The situation has persisted despite numerous promises by the federal government to sort it out. Some governors, including Sanwo-Olu, met with President Buhari on Friday over the crisis. Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has urged residents to … Read more

‘Blame Commercial Banks For Scarcity Of New Naira Notes’ – Buhari Tells Nigerians

Feb 3, 2023. by Praise Ben

Buhari has pointed to commercial banks as the cause of the scarcity of new notes. According to Buhari, greed, selfish interest, and inefficiency of the commercial banks led to the scarcity of the new naira notes. Buhari said the CBN Governor, Godwin Emefiele, gave him assurances of enough capacity and manpower before he approved the … Read more

Pregnant Woman Breathes Her Last After Hospital Shut Their Door On Her Over Scarcity Of New Notes – Reports

Feb 3, 2023.Feb 3, 2023. by Praise Ben

A pregnant woman lost her life due to a lack of new naira notes in Kaduna. Due to their lack of access to funds, the couples were unable to pay the mandatory hospital deposit. They were unable to withdraw cash, according to the victim’s spouse, so they decided to return home. EKO HOT BLOG reports … Read more

Fuel Scarcity: FG Denies Plans To Hike Price As Queues Spread Nationwide

Dec 1, 2022. by Philip Ibitoye

The federal government has denied plans to hike the fuel price amid a nationwide scarcity. Eko Hot Blog reports that the federal government of Nigeria says it has no intention of increasing the price of Premium Motor Spirit (PMS), popularly called petrol, at this time. EDITOR’S PICKS Buckingham Palace Official Resigns After Racist Comments To … Read more

Nigerian Airlines ‘Likely’ To Cancel Fights, Due To Aviation Fuel Scarcity

Jul 23, 2022. by Praise Ben

Nigerian Airlines ‘Likely’ To Cancel Fights, Due To Aviation Fuel Scarcity The management of Ibom Air has also alerted its customers of impending flight cancellations due to the scarcity of aviation fuel EDITOR’S PICK: IGP Orders Investigation Into Portable’s Claim Of Forming Notorious Gangs Akeredolu Reveals When He Will Buy Guns For His People Insecurity: … Read more

Another Fuel Scarcity Looms As Petrol Transporters Suspend Operation

Feb 11, 2022. by Ekohot Editor

Another fuel scarcity looms as Petrol transporters gradually halt operations over low freight rates EKO HOT BLOG reports that transporters of Premium Motor Spirit (PMS), also known as petrol, on Thursday, said that the statewide scarcity of PMS was partly attributable to truck owners’ gradual suspension in operations. They said many PMS transporters have ceased … Read more

Adulterated Fuel: Ownership Of Duke Oil, That Imported Fuel Remains A Mystery .

Feb 10, 2022. by Damilare Abass

Who owns duke oil that allegedly imported contaminated fuel As fuel scarcity bits harder and commuters stranded in different bus stations, Nigerians are asking and requesting the full disclosure of the owners of Duke Oil, Eko Hot Blog learned. Duke Oil is alleged to be responsible for the importation of the contaminated Premium Motor Spirits,PMS, … Read more

NNPC Reacts As Fuel Scarcity Hits Abuja

Jan 27, 2022. by Ekohot Editor

NNPC has reacted as fuel scarcity hit Abuja. EKO HOT BLOG reports that the Nigerian National Petroleum Corporation (NNPC) has reacted to the ongoing scarcity of fuel in Abuja. Residents of Abuja are currently struggling to purchase fuel at different filling stations in the nation’s capital. Read Also: Court Stops ICPC From Freezing Bank Account Without … Read more

UK Arrest Six Nigerians For Selling Black Market Fuel

Oct 1, 2021. by Damilare Abass

Six Nigerians have reportedly been arrested for hoarding premium motor spirit, otherwise known as fuel in Jerry cans and selling at outrageous prices in the United Kingdom. Their arrests follows the scarcity of petroleum products across the United Kingdom about UK police spokesman, Greg Smith gave names of the arrested Nigerians to include Kenneth Obiora … Read more