Blog - Abia ThinkTank News

Jun

2024

Heritage Bank Customers Besiege Headquarters For Payment

CBN/Commercial Banking, Economy, News Flash

Heritage Bank Customers Throng Headquarters For Payment Customers of the liquidated Heritage Bank gathered at the bank’s headquarters in Lagos on Wednesday, to seek clarification on the beginning of their deposit payments. A visit by a News Agency of Nigeria correspondent revealed that security personnel stationed at the bank’s entrance prevented customers from entering the premises. Addressing the customers through the gate, an official informed them that payments had begun for savings account holders and would continue until Friday. “You don’t need to take any action. NDIC staff are already processing payments. Your money will be transferred to your other…

Jun

2024

0 Comments

By Abia ThinkTank

FGN Plans Importation Of Rice Paddy And Maize Seeds To Reduce Inflation

Economy, FGN, News Flash

FG Plans Importation Of Rice Paddy And Maize Seeds To Reduce Inflation The federal government is currently looking at plans to approve through an Executive Order the importation of paddy rice to millers to stem the growing tide of food inflation across the country. Also, the federal government will consider the importation of maize and rice seeds to farmers to boost production output in these staple crops. This is contained in the draft Accelerated Stabilisation and Advancement Plan (ASAP) recently submitted by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun to the President. The document recommends…

Jun

2024

0 Comments

By Abia ThinkTank

Minimum Wage: Labour Leaders, FG Resume Talks In Abuja

Labour, Abuja, News Flash

Minimum Wage: FG, Labour Leaders Resume Talks In Abuja Members of the Tripartite Committee on Minimum Wage comprising government representatives, organised labour, and the organised private sector, have resumed talks on a new minimum wage for workers in Nigeria. The committee reconvened at the Nicon Luxury Hotel in Abuja on Wednesday. The Federal Government was represented at the meeting by the Minister of Finance, Wale Edun; the Minister of Budget and National Planning, Atiku Bagudu; the Minister of Labour; Nkeiruka Onyejeocha, and representatives of the Secretary to the Government of the Federation, along with the Head of Service of the…

Jun

2024

0 Comments

By Abia ThinkTank

Dr. Engr. Odo Ijere Applauds The National Assembly For Introducing Bill To Stop Open Grazing

Columns/Opinions/Letters, National Assembly, News Flash, Politics

Dr. Engr. Odo Ijere Applauds The National Assembly For Introducing Bill To Stop Open Grazing CAN ANYTHING GOOD COME FROM THIS NATIONAL ASSEMBLY? The news of the bill banning open grazing of cattles nationwide passing through second reading at the National Assembly is a very encouraging optics. This law if finally passed will without doubt reduce the socioeconomic and political stress levels in this country by at least 50 percent. But for it to pass the second reading, it expectedly divided the Senate and the country along religious and ethnic lines. The same people of ethno religious conclave propagating Arewa…

Jun

2024

0 Comments

By Abia ThinkTank

ABIA State One Of The Least In Recurrent Expenditure Amongst 30 States Of The Federation In 1st Quarter 2024 – Report

Abia State, Columns/Opinions/Letters, Good Governance, News Flash

ABIA STATE One Of The Least In Recurrent Expenditure Amongst 30 States Of The Federation In Ist Quarter 2024 - Report 30 Governors Spent N968.64 Billion On Refreshments, Others In Three Months – Report No fewer than 30 state governments of the federation spent N986.64bn on recurrent expenditures, including refreshments, sitting allowances, travelling, utilities, etc., in the first three months of 2024, The PUNCH reports. The states’ budget implementation reports, which were obtained from Open Nigerian States, a website supported by BudgIT that acts as a repository for public budget data, were analysed. For the first three quarters of the…

Jun

2024

0 Comments

By Abia ThinkTank

Femi Otedola Tackles Jim Ovia, Exposes ‘Fraudulent Transactions’ In Zenith Bank Account

CBN/Commercial Banking, Crime, Economy, News Flash

Femi Otedola Tackles Jim Ovia, Exposes ‘Fraudulent Transactions’ In Zenith Bank Account The face-off between Femi Otedola, billionaire businessman, and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion naira fraud has taken a turn for the worse, TheCable understands. Otedola had accused Ovia of unlawfully using the Zenith Bank account of his company, Seaforce Shipping Limited, to trade in 2011 without his knowledge or consent. Although this and other allegations are being investigated by the Force Criminal Investigation Department (FCID) of the police, moves are being made to resolve the matters amicably. TheCable has contacted Ovia and Zenith…

Jun

2024

0 Comments

By Abia ThinkTank

Seven Workers Rescued, Others Trapped As Mining Site Collapsed In Niger State

Environment, Mishap, News Flash

Seven Workers Rescued, Others Trapped As Mining Site Collapsed In Niger State Seven workers have been rescued from a collapsed mining pit in the Galadima Kogo community under Shiroro LGA in Niger State. The mining site, which belongs to African Minerals and Logistics Limited, collapsed on Monday after a heavy downpour, trapping an unconfirmed number of mine workers. In a statement on Tuesday, Segun Tomori, special assistant on media to Dele Alake, minister of solid minerals development, said the trapped workers were rescued after the federal government mobilised first responders to the scene of the incident. Tomori said a rescue…

Jun

2024

0 Comments

By Abia ThinkTank

Timaya Shocked At Tiwa Savage’s Humility, Accepts Collabo For Free

Columns/Opinions/Letters, Entertainment, News Flash

I messaged Tiwa Savage so we could collaborate on a new song and when I asked how much she charges for a song, she laughed and replied "How I go dey bill my own legend now?" She immediately asked me to send her the beats, and within an hour time she sent her recorded verse to me, I was really surprised that she was this humble after all she had achieved - Timaya expressed shock as he imagined how Tiwa gave him verse which she charges over $100000 for free.

Jun

2024

0 Comments

By Abia ThinkTank

Gov Otti Welcomes EU-Sponsored Programme On Good Governance, As ABIA Makes List Of Seven States

Abia State, Good Governance, News Flash

GOV OTTI WELCOMES EU-SPONSORED PROGRAMME ON GOOD GOVERNANCE, AS ABIA MAKES LIST OF SEVEN STATES The International Institute for Democracy and Electoral Assistance (International Idea), an intergovernmental organisation with a mandate to support sustainable democracy worldwide, has chosen Abia State for its second phase of the European Union funded Rule of Law and Anti-Corruption (RoLAC) Programme. International Idea, which has its headquarters in Stockholm, Sweden, with 35 countries as members, said it chose Abia as its focal state for the Phase II of its programme "following internal conversations at the EU and what has been said about the reforms that…

Jun

2024

0 Comments

By Abia ThinkTank

CBN Speaks Over Reports Of Planning To Revoke Licenses Of Unity, Polaris, Keystone Banks

CBN/Commercial Banking, Economy, News Flash

CBN Speaks Over Report Of Planning To Revoke Licences Of Unity Bank, Polaris Bank, Keystone The Central Bank of Nigeria (CBN) says it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. Online reports had claimed the apex bank would terminate the licences of the three banks, following the revocation of Heritage Bank’s licence. However, in a post on its social media pages on Tuesday, the bank said the content was not authentic. “The content is fake and not from the CBN,” the post reads. On June 4, the Central Bank of Nigeria (CBN) revoked the…