Abia ThinkTank - Abia ThinkTank News

Dec

16

2024

0 Comments

By Abia ThinkTank

NNPC Reduces Petrol Pump Price Across It’s Retail Outlets

Business, Economy, News Flash, Oil & Gas

NNPC Reduces Petrol Pump Price The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets. According to Tribune Online correspondent who visited the NNPCL retail outlets in Ibadan observed that petrol, which was sold between N1,025 to N1,040 per litre, has been reduced to N1,015 per liter. This represents N10 to N25 reduction from its previous price. Also, Daily Post reports that the nation’s oil company has also reduced its pump price across its retail outlets in the Federal Capital Territory (FCT). In the FCT,…

Dec

15

2024

0 Comments

By Abia ThinkTank

CBN Imposes N150m Fine On Banks Releasing New Notes To POS Operators, Others

CBN/Commercial Banking, Economy, News Flash

CBN Imposes N150m Fine On Banks Releasing New Notes To POS Operators, Others The Central Bank of Nigeria (CBN) has announced a fine of ₦150 million on Deposit Money Banks found guilty of giving out illegal flow of mint naira notes to currency hawkers across the country. The move was after the apex bank addressed recent misinformation about the validity of the old N1000, N500, and N200 banknotes still in circulation. A statement signed by Sidi Ali Hakama, acting director of corporate communications, reaffirmed that these denominations remained valid legal tender in line with a Supreme Court ruling issued on…

Dec

15

2024

0 Comments

By Abia ThinkTank

‘Endure This Unintentional Hardship, But There Is…..’ – President Tinubu Tells Nigerians

Economy, FGN, News Flash, Politics

‘Endure This Unintentional Hardship, But there is…’ – Tinubu Tells Nigerians President Bola Tinubu has said he is aware of the harsh economic situation of the country, and he begged Nigerians to endure what he described as “unintentional hardship”. Also, President Tinubu noted that he does not take pleasure in inflicting pains on Nigerians. He assured that there was light at the end of the tunnel. Tinubu said this at the 48th convocation ceremony of Obafemi Awolowo University, OAU, Ile-Ife, Osun State. He said he had embraced both the assets and liability of his predecessors. The President was represented by…

Dec

15

2024

0 Comments

By Abia ThinkTank

Finland Freezes Simon Ekpa’s Assets, Places Him In World Ranked ‘Toughest Prisons’

Crime, International, News Flash, South East

Finland Freezes Simon Ekpa’s Assets, Places Him In Kylmäkoski ‘Ranked As One Of World’s Toughest Prisons’ The authorities in Finland have frozen the assets of Simon Ekpa, the self-acclaimed Biafran agitator facing allegations of terrorism-related activities, who has been detained for several weeks. The Finnish government also froze the assets of companies associated with Ekpa and four of his accomplices, who are also in remand. Yle, a local newspaper in a report, stated these, adding that Ekpa is being held in the Kylmäkoski vankila, (Kylmäkoski prison), which is reputed to be one of the world’s toughest prisons. AttNews had reported…

Dec

15

2024

0 Comments

By Abia ThinkTank

Abia Showing Southeastern States How To Beat The National Economy – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Politics, South East

Abia is showing Southeastern states how to beat the national economy Job creation rates in Nigeria, particularly in the South East region, have been a topic of discussion. Nigeria's economic growth has not been largely inclusive, with poverty and unemployment rates increasing despite high GDP growth averaging 7.3% since the 2018. In the South East region, Abia State has a relatively high job creation rate, driven by its strong manufacturing sector and agricultural production. According to a report by the National Bureau of Statistics (NBS), Abia State had a job creation rate of 12.6% in 2023, compared to 9.5% for…

Dec

15

2024

0 Comments

By Abia ThinkTank

OHANEZE NDIGBO WORLDWIDE: New President General Appointed

News Flash, Politics, South East, South South

Ohaneze Ndigbo Appoints New President-General Ohanaeze Ndigbo Worldwide has appointed Nze Fidelis Ozichukwu Chukwu as its new President General. His appointment is temporary, filling the remaining term of the late Ambassador Professor George Obiozor until January 10, 2025. The appointment follows a series of unfortunate events, including the deaths of Obiozor in 2022 and Chief Emmanuel Iwuanyanwu in mid-2024. To complete the tenure for Imo State, the state’s leadership proposed Nze Ozichukwu, whose nomination was approved by the Imeobi Ohanaeze. The move was necessary to ensure continuity in the organization. Ozichukwu brings extensive experience in management and development, having held…

Dec

14

2024

0 Comments

By Abia ThinkTank

Dr. Obasi David Ukoha Pays Solidarity Visit To The Deputy Speaker Of House Of Reps On His Appointment As Federal Permanent Secretary

FGN, National Assembly, News Flash

I want to share some exciting news with you. The newest Federal Permanent Secretary in charge of the National Assembly's Directorate of Legislative Budget and Planning. Dr. Obasi David Ukoha, has visited the Deputy Speaker of the House of Representatives, H.E. Rt. Hon. Benjamin Okezie Kalu, CON. He also paid a courtesy visit to the Deputy Speaker to present his appointment letter and show solidarity. This is a welcome development, and we encourage our newest Permanent Secretary to continue making us proud. By Dr. Chukwuemeka Ifegwu Eke

Dec

14

2024

0 Comments

By Abia ThinkTank

Tears Flow As 2 Female Students Crushed To Death By Accident

News Flash, Education, Obituary

Tears Flow As Two Female Students Crushed To Death By Accident Two female students of the Federal University, Lokoja and Kogi State Polytechnic, Lokoja on Friday lost their lives in a ghastly motor accident which occurred at the Felele area, Lokoja. The two female students are Covenant Omolola Isaac, a 200-level Geology student of the Federal University , Lokoja and Abu Taiwo Abimbola, ND11 student of Science Laboratory and Technology student of the Kogi State Polytechnic, Lokoja. The students lost their lives when a truck ran over the commercial tricycle in which they were travelling to their different destinations. The…

Dec

14

2024

0 Comments

By Abia ThinkTank

Hope For Nigeria As Petrol Landing Cost Crashes Further

Economy, FGN, News Flash, Oil & Gas

Hope For Nigeria As Petrol Landing Cost Crashes Further The estimated landing cost of Premium Motor Spirit (PMS), commonly known as petrol, in Nigeria has seen a decline of ₦36, dropping to ₦900.28 per litre as of Thursday. This marks a 3.62% decrease from the previous week’s landing cost of ₦936.75 per litre, according to data released by the Major Energy Marketers Association of Nigeria (MEMAN). Interestingly, earlier this week, costs had even dipped further, reaching ₦890.43 per litre. This reduction in landing cost reflects some relief from fluctuations in global oil prices and improvements in supply chain dynamics. Despite…

Dec

14

2024

0 Comments

By Abia ThinkTank

FAAC: FG, States, LGs Share N1.727 Trillion

Abuja, Economy, FGN, News Flash, Politics

FG, States, LGs Share ₦1.727 Trillion A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in ABUJA. This was disclosed in a statement signed by FAAC Director of Press and Public Relations, Bawa Mokwa, on Friday. He noted that the N1.727 trillion total distributable revenue comprised distributable statutory revenue of N455.354 billion, distributable Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue…