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Nov
19
2024
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By Abia ThinkTank
Wike Approves New Minimum Wage Of 70k For FCT Workers

Wike Approves New Minimum Wage Of 70k For FCT Workers

Abuja, Economy, Labour, News Flash
Wike Approves New Minimum Wage For FCT Workers Minister of the Federal Capital Territory, Nyesom Wike, has directed the immediate payment of N70,000, the new minimum wage, for all administration staff. The move comes after President Bola Tinubu signed the new Minimum Wage Bill into law in May 2024, following months of negotiation with organized labour. The approval was announced in a statement signed by Anthony Odeh, Press Secretary to the Head of the Civil Service of the FCT, and made available to journalists on Tuesday. According to the statement, Wike approved the payment of the minimum wage on Monday,…
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Nov
19
2024
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By Abia ThinkTank
President Hospitalized After Falling At G20 Summit

President Hospitalized After Falling At G20 Summit

Foreign Affairs, Gossips, World News
President Hospitalised After Falling At G20 Summit The President of Paraguay, Santiago Pena was taken to a Rio hospital late Monday after falling ill while attending a G20 summit, officials said. “We inform that the President of the Republic, Santiago Pena, was treated today at the Samaritano Hospital (Botafogo) in Rio de Janeiro due to an indisposition,” Paraguayan authorities said. In a medical bulletin, the hospital later indicated that Pena, 46, had “a malaise in the afternoon” and was taken to a health center for diagnostic tests. “The head of state is doing well and his current state of health…
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Nov
19
2024
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By Abia ThinkTank
President Tinubu Writes National Assembly, Seeks Approval For Fresh Foreign Loan

President Tinubu Writes National Assembly, Seeks Approval For Fresh Foreign Loan

Economy, FGN, National Assembly, News Flash, Presidency
Tinubu Writes National Assembly, Seeks Approval For Fresh Foreign Loan President Bola Tinubu has written to the National Assembly, seeking approval for a fresh N1.767 trillion external borrowing plan to part-finance the budget deficit of N9.7 trillion for the 2024 budget. The Nigeria’s growing foreign debt obligations have been of concern lately, and this has been exacerbated by the liberalization of exchange rates, making loan repayment more expensive. According to the Central Bank of Nigeria (CBN), the Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024, representing a 39.77% increase from the…
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Nov
19
2024
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By Abia ThinkTank
RISE OF THE EAST: Innovate, Disrupt, Thrive: The ABIA Startup Story – By Dr. Chukwuemeka Ifegwu Eke

RISE OF THE EAST: Innovate, Disrupt, Thrive: The ABIA Startup Story – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Good Governance, News Flash
Rise of the East: Innovate, Disrupt, Thrive: The Abia Startup Story A startup ecosystem refers to the network of individuals, organizations, and resources that support the growth and development of startups in a particular region or industry. This ecosystem provides the necessary environment for startups to flourish, innovate, and scale. Key Components of a Startup Ecosystem are entrepreneurs and founders, mentors and coaches, investors (venture capitalists, angels, crowdfunding), incubators and accelerators, coworking spaces, universities and research institutions, government agencies and policies. Others are corporate partnerships, networking events and conferences, talent pool (developers, designers, marketers)What's the characteristics of a Thriving Startup…
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Nov
19
2024
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By Abia ThinkTank
Banditry Report: Matawalle Sues Journalists, Demands N60 Billion Damages

Banditry Report: Matawalle Sues Journalists, Demands N60 Billion Damages

Human Rights, Judiciary, News Flash
Banditry Report: Matawalle Sues Journalists, Demands N60 Billion Damages The Minister of State for Defense, Bello Matawalle, has sued two prominent northern journalists, Shu’aibu Mungadi and Tijjani Ramalan, for alleged defamation and malicious reportage. The former governor, in the suit marked K/M2102/2024, dated October 25 and sighted by our correspondent on Sunday, is seeking N10bn in general damages in his favour against each of the six defendants in addition to 10 per cent post-judgment interest of the entire judgment sum until fully liquidated. Other defendants in the suit are the employers of the two journalists, Vision Media Services Ltd, Vision…
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Nov
19
2024
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By Abia ThinkTank
Nigerians Suffering, Reverse Floating Of Naira, Energy Cost – Labour Urged President Tinubu

Nigerians Suffering, Reverse Floating Of Naira, Energy Cost – Labour Urged President Tinubu

Columns/Opinions/Letters, Economy, FGN, News Flash, Politics, Presidency
Nigerians Suffering, Reverse Floating Of Naira, Energy Cost – Labour Urges Tinubu Organised Labour, a weekend in Ibadan, Oyo State, urged President Bola Tinubu to reverse the floating of the national currency and energy cost to lessen the hardship across the country. Under the aegis of the National Union of Shop and Distributive Employees, NUSDE, Organised Labour noted that Nigerians and businesses are passing through very difficult times and that the federal government needs to address the issues urgently before things get out of hand. President of NUSDE, Aminu Megbontowon, who spoke while addressing guests and members of the Union…
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Nov
19
2024
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By Abia ThinkTank
Lagos Plotting To Colonise Northern Nigeria – Kwankwaso Cries Out

Lagos Plotting To Colonise Northern Nigeria – Kwankwaso Cries Out

Columns/Opinions/Letters, Arts And Culture, Economy, Kano, News Flash, Politics
Lagos Plotting To Colonise Northern Nigeria — Kwankwaso The New Nigeria Peoples Party (NNPP) presidential candidate in the 2023 election and leader of the Kwankwasiyya Movement, Senator Rabiu Musa Kwankwaso, has accused Lagos of plotting to “colonise” the northern region. Speaking during the convocation ceremony at Skyline University in Kano, the former Kano State governor alleged that Lagos played a significant role in the ongoing emirate tussle in the state. “Let me note our situation here in Kano and indeed northern Nigeria,” Kwankwaso said. “The emir is just being a stooge at this very difficult time, especially in this part…
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Nov
19
2024
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By Abia ThinkTank
The Ultimate Movement For The Creation Of Anioma State Gains Momentum

The Ultimate Movement For The Creation Of Anioma State Gains Momentum

Columns/Opinions/Letters, News Flash, People & Events, Politics, South East
ANNOUNCEMENT!!!The Ultimate Movement for the Creation of Anioma State Gains Momentum The United Igbo Elders Council (UNIEC) Worldwide, in collaboration with stakeholders across the Igbo nation, is rallying support for the creation of Anioma State. Following the Anioma Stakeholders Mega Summit held in Asaba on August 31, 2024, plans are now underway for a grand Igbo Elders and Stakeholders Mega Summit to be held in Enugu. The call for Anioma State reflects a broader mission to restore Igbo unity, reverse historical marginalization, and empower Igbo communities spread across 13 Nigerian states. This movement underscores the need for all Igbo people…
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Nov
19
2024
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By Abia ThinkTank
First Bank Of Nigeria (FBN) Holdings PLC Shareholders Approves Name Change Including Subsidiaries

First Bank Of Nigeria (FBN) Holdings PLC Shareholders Approves Name Change Including Subsidiaries

CBN/Commercial Banking, Business, News Flash
At last, First Bank of Nigeria (FBN) Holdings Plc has received approval to change the company’s name to First Holdco Plc. The company’s shareholders approved the name change at the 12th Annual General Meeting (AGM), held virtually on Thursday, November 14, 2024. In a statement released over the weekend, Adewale Arogundade, the company’s Secretary, confirmed that the resolution extends to all by issuing FBN Holdings’ subsidiaries. According to the company, the change will be extended to all subsidiaries. The approved changes include shifting the company’s legal name from FBN Holdings Plc to First Holdco Plc and its brand name to…
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