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Nov
15
2024
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By Abia ThinkTank
Abia’s Green Gold: Unlocking The Potential Of Palm Oil For Sustainable Development – By Chukwuemeka Ifegwu Eke

Abia’s Green Gold: Unlocking The Potential Of Palm Oil For Sustainable Development – By Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Good Governance
Abia's Green Gold: Unlocking the potential of palm oil for sustainable development Governor Alex Chioma Otti's vision for Abia State is ambitious, with a 50-year plan that aims to transform the state into a major player in various sectors of the domestic and international economy. Today, we want to zero in on the palm oil industry. It is his hope that Abia State representingNigeria will certainly rival Malaysia and Indonesia. Generally, his Prosperous Abia plan is broken down into two 25-year phases, with each phase having its own theme and objectives. The governor's goal is to cascade resources into different…
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Nov
15
2024
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By Abia ThinkTank
CBN Send Fresh Warning To Banks, Directs Them As Priority To Load ATMs

CBN Send Fresh Warning To Banks, Directs Them As Priority To Load ATMs

Business, CBN/Commercial Banking, Economy, News Flash
CBN Send Fresh Warning To Banks, Directs Them To Load ATMs The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on cash disbursement activities of deposit money banks (DMBs)”. In the circular signed by Solaja Olayemi, acting director, currency operations department at CBN, the apex bank said it commenced spot checks to ensure efficient and responsible cash disbursement to the public and prevent the disbursement of mint banknotes to persons hawking naira notes. “Please…
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Nov
15
2024
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By Abia ThinkTank
Beyond Doubting Thomases And Deceitful Thomases – Ukoha Njoku Ukoha (CPS To Gov. Otti)

Beyond Doubting Thomases And Deceitful Thomases – Ukoha Njoku Ukoha (CPS To Gov. Otti)

Abia State, Columns/Opinions/Letters, Economy, Good Governance, News Flash
BEYOND DOUBTING THOMASES TO SHAMELESS AND DECEITFUL THOMASES. The data below is from the Debt Management Office (DMO), a Federal Agency. On the inauguration of Governor Alex Otti in May 2023, Abia Debt Profile was over N191 Billion. In December 2023, just after 6 Months of the inauguration of Governor Otti, the Debt Profile of Abia State drop to a bit above N138 Billion. The June 2024 update from the Debt Management Office (DMO) put Abia Debt Profile at just above N97 Billion. They are like Uloka who had no shame borrowing and lazying about in Things Fall Apart. They…
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Nov
15
2024
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By Abia ThinkTank
Late COAS Lagbaja Laid To Rest Amid Tears, Conferred PostHumous CFR Honour

Late COAS Lagbaja Laid To Rest Amid Tears, Conferred PostHumous CFR Honour

News Flash, Obituary
Amid Tears, Late COAS Lagbaja Laid To Rest As Tinubu Confers Posthumous CFR Honour On LagbajaTears and tributes flowed freely as the late Chief of Army Staff (COAS) Lt. General Taoreed Lagbaja was laid to rest in Abuja on Friday, November 15. The burial took place at the National Cemetery in the nation’s capital marking an end to two days of funeral rites that began in Lagos earlier in the week. His body was lowered to Mother Earth at exactly 4:41 pm after the ceremony that lasted four over two hours. Lagbaja’s casket, draped in Nigeria’s green and white colours,…
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Nov
15
2024
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By Abia ThinkTank
Hours To Ondo Governorship Election, INEC Replaces Candidate

Hours To Ondo Governorship Election, INEC Replaces Candidate

News Flash, Politics
Hours To Ondo Governorship Election, INEC Replaces Candidate The Independent National Electoral Commission has reinstated Olorunfemi Festus as the Labour Party’s candidate for the 2024 Ondo State governorship election, following a ruling by the Court of Appeal. INEC revealed this in a statement released on its official X account on Friday. The decision came after the Court of Appeal in Abuja struck down a judgment by the Federal High Court, which had earlier ordered INEC to accept Olusola Ebiseni as the Labour Party’s candidate. The Federal High Court, in a ruling delivered on September 27, 2024, had directed INEC to…
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Nov
15
2024
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By Abia ThinkTank
Nigeria’s Inflation Rate Rises To 33.88%

Nigeria’s Inflation Rate Rises To 33.88%

Economy, FGN, News Flash
Nigeria’s Inflation Rate Rises To 33.88% Nigeria’s inflation rate has risen to 33.88% in October 2024, up from 32.7% in September 2024. According to the latest report from the National Bureau of Statistics (NBS) on the Consumer Price Index (CPI), this rise in inflation is mainly due to higher costs in transportation and food prices Examining the inflation rate compared to the same time last year shows a steep rise. The rate of 33.88% in October 2024 is 6.55 percentage points higher than the 27.33% recorded in October 2023. Meanwhile examining the inflation rate month-to-month, the data shows a smaller…
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Nov
15
2024
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By Abia ThinkTank
Prayers Prevented Exchange Rate From Reaching N10,000 Per Dollar – Pastor Adeboye

Prayers Prevented Exchange Rate From Reaching N10,000 Per Dollar – Pastor Adeboye

CBN/Commercial Banking, Security
Prayers Prevented Exchange Rate From Reaching N10,000 Per Dollar” – Pastor Adeboye The General Overseer of the Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye has said without divine intervention, the exchange rate could have soared to ₦10,000 to $1. Speaking during the Special Holy Ghost Congress in Abuja, Adeboye linked Nigeria’s financial struggles to its heavy reliance on fuel imports, despite being a significant oil-producing nation. He criticised the billions spent on refineries that remain non-functional, forcing the country to depend on imported petrol. Addressing the contentious removal of fuel subsidies, Adeboye remarked that the decision angered those…
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Nov
15
2024
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By Abia ThinkTank
Supreme Court Dismisses Suit Challenging Legality Of EFCC

Supreme Court Dismisses Suit Challenging Legality Of EFCC

Judiciary, News Flash
Supreme Court Dismisses Suit Challenging Legality Of EFCC The Supreme Court has dismissed suit instituted by some state Attorneys General challenging the establishment of the Economic and Financial Crimes Commission (EFCC) Act. The suit, which was initially instituted by attorneys general of 16 states, sought the scrapping of the anti-graft agency. While some states withdrew from thesuites, others remained.The states that initiated the suit include Ondo, Edo, Oyo, Ogun, Nassarawa, Kebbi, Katsina, Sokoto, Jigawa, Enugu, Benue, Anambra, Plateau, Cross-River and Niger. However, at the resumed hearing on October 22, Imo, Bauchi, and Osun states joined the suit as co-plaintiffs while…
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Nov
15
2024
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By Abia ThinkTank
Close Of Nominations, Followed By Recommendations For The Great Igbo Achievers Awards

Close Of Nominations, Followed By Recommendations For The Great Igbo Achievers Awards

News Flash, People & Events, Personality
CLOSE OF NOMINATIONS,followed byRECOMMENDATIONSFOR THE GREAT IGBO ACHIEVERS AWARDS. As previously announced, the Nominations close today, the 15th of November, and the process of Recommendations would automatically be activated. A 7-Man Selections Committee headed by Chief Simon Okeke, former Chairman of the Police Service Commission, will pay visits to affected Igbo communities, and examine online & empirical records to identify and assess the candidates nominated for the Awards and make their recommendations. The Committee’s assignment would be concluded within 30 days, by 15th December, 2024. The recommendations of the Committee shall be forwarded to the 24-Member Alaigbo Elders Council, which…
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