Blog - Abia ThinkTank News

Sep

2024

Presidency Reacts To Reports Of CBN Governor, Yemi Cardoso’s Resignation

CBN/Commercial Banking, Economy, News Flash

Presidency Reacts To Reports Of CBN Governor, Yemi Cardoso’s Resignation The presidency has dismissed a viral report claiming that President Bola Tinubu asked Central Bank of Nigeria (CBN) Governor Yemi Cardoso to resign. An online business publication had alleged that the President requested Cardoso’s resignation due to his failure to revive the economy and stabilize the naira, a year after assuming the role. The report further stated that Cardoso had allegedly promised to shore up the value of the naira to a range of N700 to N900 per dollar by May 2024, a target that was not met, leading to…

Sep

2024

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By Abia ThinkTank

FGN Unveils $100 Billion Creative Economy Growth Plan, Target 2 Million Jobs

Economy, FGN, News Flash

FG Unveils $100 Billion Creative Economy Growth Plan, Target 2 Million Jobs The Federal Government has launched an eight-point plan to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly. The plan, unveiled by the Minister of Art, Culture and the Creative Economy, Hannatu Musa Musawa, at a roundtable for local and international investors in Lagos, has the potential to grow Nigeria’s creative economy by 400% by 2027, positioning the sector to leapfrog in the long term. According to the Minister, the 8-Point Plan and Roadmap include initiatives such as skills development, policy…

Sep

2024

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By Abia ThinkTank

Meet Nigerian Woman Who Produces Over 10,000 Tons Of Cassava And Makes Over $12 Million Annually

Business, Economy, News Flash

MEET A WOMAN WHO PRODUCES OVER 10,000 TONS OF CASSAVA AND MAKES OVER $12 MILLION ANNUALLY Meet Yemisi Iranloye, the Nigerian entrepreneur who has become the undisputed "Cassava Queen." Despite facing competition from multinational corporations, she has maintained her dominance in the cassava industry. With her company, Psaltry International, Iranloye produces an impressive 10,000 tons of cassava annually, generating an astonishing annual turnover of $12 million. Her success is a testament to her unwavering determination and business acumen. Iranloye's journey began in her hometown of Ilesa, Osun State, Nigeria. She started her business with a modest investment and a deep…

Sep

2024

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By Abia ThinkTank

Gov Fubara Suspends Local Government Chairman

LGA, News Flash, Politics, South South

Gov Fubara Suspends Local Govt Chairman The Rivers state governor, Siminialayi Fubara, has suspended the local government committee chairman of the Akuku-Toru local government area, Otonye Briggs. Fubara in a statement signed on Tuesday, September 17, by his chief press secretary, Nelson Chukwudi, said Briggs had been suspended with immediate effect The governor directed Bitebobo Nelson Amieye, to immediately take over as the caretaker committee chairman of the council. Fubara ordered Briggs to hand over all council property in his possession to the new chairman.

Sep

2024

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By Abia ThinkTank

First Lady Of Nigeria, Remi Tinubu Unveils National Unity Fabric

FGN, News Flash, People Reorientation

Remi Tinubu Unveils National Unity Fabric First Lady of Nigeria, Senator Oluremi Tinubu has unveiled the OneNigeria/UnityFabric, which she described as a symbol of national unity. The fabric was designed by 25-year-old Miss Mofinyinfoluwa Bamidele a graduate of the University of Ibadan. Bamidele, who went home with a prize of ₦25m, emerged the winner of a fabric designs competition, organised by the Renewed Hope Initiative (RHI), chaired by First Lady. In her keynote address at the unveiling of the #OneNigeria/UnityFabric and announcement of the winner of the competition held on Monday at the State House Conference Centre, Abuja, Tinubu explained…

Sep

2024

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By Abia ThinkTank

Insecurity; 3 Officers Killed As Gunmen Bomb Police Station

Crime, Mishap, News Flash, Security

3 Officers K¡lled As Gūnmên Bomb Nigerian Police Station At least three officers have been killed after gunmen attacked and set fire to the Umunze Police Station in Orumba South Local Government Area of Anambra State. The assailants used improvised explosives and engaged in a continuous gunfire exchange, which caused damage to the station. During the attack, the three officers on duty were killed while trying to defend the facility. The Anambra State Police Command confirmed the recovery of their bodies, which have been taken to a morgue. The police spokesperson, SP Tochukwu Ikenga, reported that a joint security team,…

Sep

2024

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By Abia ThinkTank

IPMAN Laments Selling Of Dangote Petrol Higher Than Imported Fuel

Business, Columns/Opinions/Letters, News Flash, Oil & Gas

IPMAN Decries Selling Of Dangote Petrol Higher Than Imported Fuel The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited to ensure it is not sold at a higher price than imported fuel. IPMAN argues that such a disparity would be counterproductive to the nation’s drive for energy self-sufficiency and could negatively impact consumers and marketers alike. According to IPMAN on Monday, the pricing strategy for locally refined petrol should reflect the advantages of domestic production, offering Nigerians a more affordable option. The…

Sep

2024

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By Abia ThinkTank

Governor Otti Felicitates With Muslims On The Occasion Of Eid-El-Malud

Abia State, Good Governance, News Flash, Religion

GOVERNOR ALEX OTTI FELICITATES WITH MUSLIMS ON THE OCCASION OF EID-EL-MAULUD As Muslims across the world celebrate the birth of the Holy Prophet Muhammad (SAW), the Executive Governor of Abia State, Dr. Alex Chioma Otti, OFR, extends his best wishes to the Muslim faithfuls in Abia State and beyond on this auspicious occasion of Eld-el-Maulud. Governor Otti, in his message, underscores the importance of Ed- el- Maulud as a time of deep reflection, spiritual renewal, and unity. He highlights the values that Prophet Muhammad (SAW) embodied—peace, humility, love for fellow humans, and dedication to the service of God—as key lessons…

Sep

2024

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By Abia ThinkTank

Micheal Jackson’s Older Brother Is Dead

Entertainment, International, News Flash, Obituary

Micheal Jackson’s Brother Is Dead Micheal Jackson’s older brother, Tito Jackson, is dead. Tito, who was originally a member of Jackson 5 , died on Sunday. He was 70. It is suspected that his death resulted from a heart attack on his way driving from New Mexico to Oklahoma, Jackson’s former family manager, Steve Mannings, told Entertainment Tonight. The sons of the deceased, Taj, Taryll and TJ, also known as the pop group 3T, made public the news of their father’s death via their Instagram pages. His cousin, Siggy, also confirmed his death. Complimenting pictures about their father’s life posted…

Sep

2024

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By Abia ThinkTank

Edo 2024: NSA Ribadu Blows Hot Over Election Rigging Allegation, Threatens Lawsuit Against PDP Chair

News Flash, Politics

NSA Ribadu Blows Hot Over Election Rigging Allegation, Threatens Lawsuit Against PDP Chair The National Security Adviser (NSA), Mallam Nuhu Ribadu, has filed a lawsuit against the Edo State Chairman of the Peoples Democratic Party (PDP), Anthony Aziegbemi. This was in response to allegations that the presidency, through the NSA and the Department of State Services (DSS, plans to manipulate the upcoming gubernatorial election in the state. Aziegbemi in a statement, titled “Edo 2024: Presidency’s Move To Interfere, Manipulate Guber Poll Using DSS, NSA Uncovered,” had claimed that Ribadu directed the release of $2 million to the APC candidate for…