Economy

Nov
18
2024
0 Comments
By Abia ThinkTank
Economic Hardship: More Nigerian Children To Wear Used Clothes At Christmas

Economic Hardship: More Nigerian Children To Wear Used Clothes At Christmas

Economy, News Flash
Economic Hardship: More Nigerian Children To Wear Used Clothes At Christmas It appears the days children from average homes look up to the Yuletide season as a period they get new clothes, mostly ready-made ones, which distinguish them from the less privileged ones, are gone. Today, the line between the rich, average and even poor homes is out. The present economic condition has levelled levels. Many families today, struggle to feed, pay rents, medical care and school fees. So, the thought of buying expensive Christmas clothes for children is a suicidal luxury. Economy&Lifestyle discovered that many parents have resolved to…
Read More
Nov
17
2024
0 Comments
By Abia ThinkTank
NETWORKING FOR PROGRESS: Dr Otti And Mr Obi Connect With Global Thought Leaders At Yale – By Dr. Chukwuemeka Ifegwu Eke

NETWORKING FOR PROGRESS: Dr Otti And Mr Obi Connect With Global Thought Leaders At Yale – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, News Flash
Networking for Progress: Dr Otti and Mr Obi connect with global thought leaders at Yale Peter Obi was recently at Yale University as a speaker at the Chinua Achebe Leadership in Africa Forum. This prestigious event aims to promote leadership and governance in Africa, aligning with Obi's expertise and experience. As a respected leader and private sector titan, his participation in such forums facilitates knowledge sharing and networking with global thought leaders.Peter Obi's Yale visit was quite the event! He shared valuable insights on effective governance and leadership. On Effective Governance, Obi emphasized the importance of good governance in Africa's…
Read More
Nov
17
2024
0 Comments
By Abia ThinkTank
Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women

Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women

Business, Economy, FGN, News Flash
Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women As the Yuletide season draws nearer, the First Lady, Senator Oluremi Tinubu, has appealed to market women to refrain from unfair hike in prices of food items during the festive season. This is as the President’s wife has inaugurated a 3.1 kilometer runway at the Wilberforce Chuba Okadigbo International Airport, Onueke, Ebonyi State. She performed the ceremony on the margins of her visit to the state where she attended the 2024 Ebonyi Women’s Day Celebration. She was joined at the inauguration ceremony…
Read More
Nov
15
2024
0 Comments
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…
Read More
Nov
15
2024
0 Comments
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…
Read More
Nov
15
2024
0 Comments
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…
Read More
Nov
15
2024
0 Comments
By Abia ThinkTank
With Our 1999 Constitution, Even Angel Gabriel Won’t Save Nigeria From Miseries – Emeka Anyaoku

With Our 1999 Constitution, Even Angel Gabriel Won’t Save Nigeria From Miseries – Emeka Anyaoku

Columns/Opinions/Letters, Economy, News Flash
With 1999 Constitution, Angel Gabriel Won’t Save Nigeria From Miseries – Anyaoku Former Commonwealth Secretary-General, Chief Emeka Anyaoku, Wednesday, warned that if Nigeria refuses to do away with the 1999 Constitution, development will continue to elude the country. While faulting the 99 Constitution which he described as unitary, Anyaoku argued that united and progressive pluralistic countries were those who addressed their diversity with true federal constitutions. The elder statesman spoke at the launch of the book: ‘The Noble Academic and Patriot: A Biography of Emeritus Professor Akinjide Osuntokun,’ held at the Nigerian Institute of International Affairs, NIIA, in Lagos. Those…
Read More
Nov
15
2024
0 Comments
By Abia ThinkTank
Abia’s Entrepreneural Spirit: Trade, Factories And Development: A Historical Assessment – By Dr. Chukwuemeka Ifegwu Eke

Abia’s Entrepreneural Spirit: Trade, Factories And Development: A Historical Assessment – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance, News Flash
Abia's Entrepreneurial Spirit: Trade, Factories and Development: A Historical Assessment Abia State is a hub for trade, factories, and still striving for development in Nigeria. The state boasts an impressive array of industries, including brewing, textiles, and manufacturing. Let's dive into the history of some of the notable factories and industries in Abia State.Nigerian Breweries Plc, located in Aba, has been operational since 1957 and was upgraded in 2014.Guinness Nigeria Plc, another major brewing company, also operates in Abia State.Aba Textile Mills is a significant player in the textile industry, producing various fabrics and materials.International Glass Industry (IGI) in Aba…
Read More
Nov
13
2024
0 Comments
By Abia ThinkTank
Period Of Economic Hardship Now Over – President Tinubu Tells Nigerians

Period Of Economic Hardship Now Over – President Tinubu Tells Nigerians

Economy, FGN, News Flash, Presidency
Period Of Economic Hardship Now Behind Us – President Tinubu Tells Nigerians President Bola Tinubu has assured Nigerians that the nation’s most challenging economic period is now behind them. The spokesperson for the vice president, Stanley Nkwocha, disclosed this in a statement on Tuesday in Abuja. He said Mr Tinubu gave the assurance at the inauguration of Monday Okpebholo and Dennis Idahosa as governor and deputy governor of Edo State. Represented by Vice President Kashim Shettima, the president said the inauguration brings a new chapter in Edo State’s history with the triumph of democratic values. ”We have weathered the hardest…
Read More
Nov
09
2024
0 Comments
By Abia ThinkTank
FGN: Economic Reforms Now In Results Delivery State – Wale Edun

FGN: Economic Reforms Now In Results Delivery State – Wale Edun

Columns/Opinions/Letters, Economy, FGN, News Flash
Economic Reforms Now In Results Delivery Stage – FG The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that President Bola Tinubu’s economic policies have now reached the result-delivery stage. The minister made this known on Thursday evening at an interactive session with the Senate Committee on Finance at the National Assembly Complex, Abuja. He further expressed appreciation for Nigerians’ endurance with the side effects of the economic reforms, which, according to him, have begun to yield results. According to Edun, the initial challenges from the reforms are behind Nigerians, with positive indicators for better…
Read More