Abia ThinkTank

4519 Posts
Mar
26
2024
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By Abia ThinkTank
CBN Raises Interest Rate To 24.75%

CBN Raises Interest Rate To 24.75%

Business, CBN/Commercial Banking, Economy, News Flash
CBN Raises Interest Rate To 24.75 Percent The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new interest rate is a jump from the 22.75 percent announced by the MPC about a month ago. It is the second rate hike by the committee in two months. Details later…
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Mar
26
2024
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By Abia ThinkTank
Details Of Gumi’s Meeting With Security Agencies Revealed

Details Of Gumi’s Meeting With Security Agencies Revealed

Abuja, Crime, News Flash, Security
Details Of Gumi’s Meeting With Security Agencies Revealed Controversial Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, has confirmedsecurity agencies invited him over his comments on the activities of bandits in the country. The Minister of Information and Orientation, Mohammed Idris, on Monday, revealed that Gumi had been invited over some of his remarks. The minister said Gumi was not above the law and would be interrogated if security agencies deemed his comments reckless. This comes after Gumi continued his advocacy for amnesty for bandits in a recent radio interview, saying that many took to banditry because of alleged neglect and marginalisation…
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Mar
26
2024
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By Abia ThinkTank
Abia Govt To Set Up Unified Taskforce To Curb Touting, Enforce Govt Policies

Abia Govt To Set Up Unified Taskforce To Curb Touting, Enforce Govt Policies

Abia State, Columns/Opinions/Letters, Good Governance, News Flash, Politics
Abia Govt To Set Up Unified Taskforce To Curb Touting, Enforce Government Policies The Abia State Government is set to inaugurate the establishment of a Unified Task Force to combat touting effectively. Commissioner for Information and Culture, Prince Okey Kanu disclosed this during a press briefing at Government House Umuahia after the State Executive Council (SEC) meeting chaired by the Governor of the State, Dr. Alex Otti, He also disclosed plans for a retreat to prepare members of the Taskforce before their official inauguration by the State government. He emphasised the importance of this retreat in ensuring the Taskforce operates…
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Mar
26
2024
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By Abia ThinkTank
National Convention: Peter Obi, Gov Otti’s Camps Fight Over Who Is The Leader Of LP

National Convention: Peter Obi, Gov Otti’s Camps Fight Over Who Is The Leader Of LP

Columns/Opinions/Letters, Gossips, News Flash, Politics, South East
National Convention: Peter Obi, Gov Otti's Camps Fight Over Who Is The Leader Of LP A power struggle between Abia State Governor Alex Otti and former Labour Party (LP) presidential candidate Peter Obi is exacerbating the ongoing crisis within the party, sources revealed yesterday. “Governor Otti is expected to be the leader of the party, being the highest-ranking elected figure in the party. But, Obidients believe that Obi is there and he played his role during the last elections,” a party insider stated. The disagreement between the two influential figures stems from their respective supporters’ conflicting views on who should…
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Mar
26
2024
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By Abia ThinkTank
APC Cannot Win Even Nnewi North LGA Come 2025 Governorship Election In Anambra -APGA Tells APC, Others

APC Cannot Win Even Nnewi North LGA Come 2025 Governorship Election In Anambra -APGA Tells APC, Others

Columns/Opinions/Letters, News Flash, Politics
APC Cannot Win Even Nnewi North LGA Come 2025 Governorship Election In Anambra - APGA Tells APC, Others Tensions rise in Anambra State as political parties jostle for influence ahead of the 2025 governorship election, with the All Progressives Grand Alliance (APGA) firing a salvo at Senator Ifeanyi Ubah and the All Progressives Congress (APC). In a swift rebuttal, APGA spokesperson Tony Olisa-Mbeki dismissed Ubah's assertion that he could deliver the state to the APC, affirming APGA's stronghold in the region. According to reports from PUNCH, Senator Ifeanyi Ubah, representing Anambra South Senatorial District, had advocated for Anambra's alignment with…
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Mar
26
2024
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By Abia ThinkTank
Update On NIN: How To Correct Your Name, Date Of Birth, Others Using Mobile App

Update On NIN: How To Correct Your Name, Date Of Birth, Others Using Mobile App

Columns/Opinions/Letters, FGN, News Flash
NEWSNIN: How To Correct Your Name, Date Of Birth, Others Using NIMC Mobile App The National Identity Management Commission (NIMC) has unveiled a mobile app for Nigerians to modify their data on the National Identification Number (NIN). You can now modify your NIN data on the NIMC mobile app The National Identity Management Commission (NIMC) has unveiled a mobile application for Nigerians to modify their data on the National Identification Number (NIN). With this new app, Nigerians can now make corrections to their name, date of birth, phone numbers on their NIN profile. Before now, Nigerians who wanted to modify…
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Mar
26
2024
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By Abia ThinkTank
Ondo APC’s Governorship Aspirant Is Dead

Ondo APC’s Governorship Aspirant Is Dead

News Flash, Obituary, Politics
Ondo APC’s Governorship Aspirant Is Dead One of the frontline governorship aspirants of the All Progressives Congress (APC) in Ondo State, Paul Akintelure, is dead. Before his untimely demise, Akintelure had raised concerns about both direct and indirect threats to his life. He had expressed hope that the situation would improve over time but sadly, it escalated as the APC governorship primary election scheduled for April 25 approached. Akintelure’s alarm on threat to lifeAkintelure in a statement released by his spokesperson, Oladapo Akintelure, on Thursday, March 21, 2023, said, “Initially, I hope these incidents would dissipate over time, yet regrettably,…
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Mar
26
2024
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By Abia ThinkTank
Chinese Man Sentenced To Death For Killing Ummita Buhari

Chinese Man Sentenced To Death For Killing Ummita Buhari

Crime, Love & Life, Marriage And Love, News Flash
Chinese man sentenced to death for killing Ummita Buhari A Chinese man identified as Quandong Geng has bagged a death sentence for killing his girlfriend Ummulkusum Sani Buhari also known as Ummita. Justice Sanusi Ado Ma’aji of the Kano state high court delivered the judgement in a landmark ruling on Tuesday.The incident occurred in September 2022 when Geng fatally stabbed Ummita during a heated argument at her residence in Kano. Following his escape from the scene, Geng was arrested by the police and charged to court with murder. During the proceedings, Geng revealed his why he killed the lady, saying…
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Mar
25
2024
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By Abia ThinkTank
CBN Sell $10,000 To BDCs @ N1,251/$

CBN Sell $10,000 To BDCs @ N1,251/$

Business, CBN/Commercial Banking, Economy, FGN, News Flash
CBN Sell $10,000 To BDCs @ N1,251/$ The development comes after the CBN’s prolonged ban on forex sales to BDC operators. In the circular signed by the bank’s Director of Trade and Exchange Department, Dr Hassan Mahmud, on Monday, each BDC is directed to sell the purchased dollars to eligible customers at a rate not exceeding 1.5 per cent above the purchase price, which translates to a maximum selling rate of N1,269/$1. The CBN had previously announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country in February, marking a significant…
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