Economy - Abia ThinkTank News

Sep

2024

Dr. Engr. Odo Ijere Admonishes Nigerians To Brace Up And Fight The Petroleum Mafia

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

THE END GAME OF THE PETROLEUM MAFIA. Dangote is and has always been part of the Petroleum mafia and their scam against the Nigeria people. His job as in this trending Petroleum supply issues is to operationalize the big script to run the newly created superstructure of monopoly of supply approved by the presidency. He recently cried out to high heavens when they wanted to excuse him from the cartel and branding his refinery project derelict. Now they settled and he was brought back into the fold of the big monopoly of the Petroleum products created by NNPC for NNPC…

Sep

2024

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By Abia ThinkTank

Fuel Price Hike: NLC Accuses Tinubu Of Betrayal

Economy, News Flash, Oil & Gas

NLC Accuses Tinubu Of Betrayal Over Fuel Price Hike The Nigeria Labour Congress, NLC, has branded President Bola Tinubu a betrayer following the recent significant hike in fuel prices. In a statement signed by its President, Joe Ajaero, and made available to our correspondent in Abuja on Tuesday, the Labour Centre expressed shock and dismay at the clandestine increase in the pump price of Premium Motor Spirit (PMS), describing it as a “deep sense of betrayal.” The NLC recalled that one of the reasons for accepting the N70,000 national minimum wage was the understanding that the pump price of PMS…

Sep

2024

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By Abia ThinkTank

Tinubu Signs 5 MoUs At Meeting With Chinese President, Xi Jinping – Says ‘I’m A Reformer With Verifiable Antecedents’

Business, Economy, FGN, News Flash

‘I’m A Reformer With Verifiable Antecedents’ – Tinubu Signs 5 MoUs At Meeting With Chinese President, Xi Jinping President Bola Tinubu says the relationship between Nigeria and China needs to be strengthened for trade advancement and economic development. Tinubu spoke on Tuesday during a meeting with Chinese President Xi Jinping in Beijing, the capital of China. The president said Nigeria-China ties have been elevated to a comprehensive strategic partnership. Tinubu said his administration is reforming the Nigerian economy, adding that he is “a reformer with verifiable antecedents”. The president said Nigeria “holds great potential as the country with the largest…

Sep

2024

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By Abia ThinkTank

Special Day For Nigeria As Dangote Officially Confirms Petrol Rollout

Business, Economy, News Flash

Special Day For Nigeria As Dangote Officially Confirms Petrol Rollout Aliko Dangote, the Chairman of Dangote group, has officially confirmed rollout Premium Motor Spirit (PMS), also known as petrol from its refinery. Dangote, while addressing the press on Tuesday, described the development as a turnaround for the country after many years of not producing a single litre of petrol. The group chairman, while thanking Nigerians for their support, also lauded the President, Bola Ahmed Tinubu , for creating an enabling environment for the 650,000 barrels per day refinery. He said, “Today is a very special day because Nigeria has not…

Aug

2024

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CBN Governor, Deputies Get N10bn Bulletproof SUVs Amid Hardship In Nigeria

CBN/Commercial Banking, Economy, News Flash

Amid Hardship, CBN Governor, Deputies Get N10bn Bulletproof SUVs As the nation groans under hunger, hardship and inflation, the governor of the Central Bank, CBN, Yemi Cardoso, and his four deputies are lavishing in abundance, purchasing ulta-modern armored vehicles and smiling home with jumbo allowances. The CBN governor and his deputies were nominated and confirmed by the Senate in September 2023. DAILY NIGERIAN gathered that Mr Cardoso recently procured six armored Lexus LX 600 2023 models for himself and four deputies at the cost of over N10 billion. Insiders said each of the apex bank’s deputy governors — Emem Usoro,…

Aug

2024

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FG Distributes Free Cooking Gas Cylinders In Lagos

Economy, Lagos, News Flash

FG Distributes Free Cooking Gas Cylinders In Lagos The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in collaboration with the Decade of Gas Initiative, on Monday, flagged off the distribution of free cooking gas cylinders to approximately 300 women in Lagos State. Speaking at the event held in Ikeja, Ekpo maintained that the distribution of cylinders is part of the government’s initiative to provide 1 million homes with access to clean cooking by the year 2030. According to him, President Bola Tinubu approved the initiative because he was concerned about the health of his people. He encouraged the…

Aug

2024

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Atiku Slams Tinubu Over Subsidy Scam, Demands Release Of Detained PIDOMNigeria

Columns/Opinions/Letters, Economy, Human Rights, News Flash

Atiku Slams Tinubu Over Subsidy Scam, Demands Release of Detained PIDOMNigeria Former Vice President of Nigeria, Atiku Abubakar has asked the Federal Government to explain why Oando Plc owned by the President’s nephew, got an accelerated approval to buy the onshore assets of AGIP and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays. The former Vice President also slammed the Bola Tinubu administration for implementing a sham subsidy regime as revealed in the financial statement recently released by the Nigerian National Petroleum Company Limited (NNPCL) According to Phrank Shaibu, the Special Assistant…

Aug

2024

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Don’t Make Us Look Bad… Palliatives Can’t Solve Nigerian Problems – PDP Governors Tell Tinubu

Columns/Opinions/Letters, Economy, FGN, News Flash

Don’t Make Us Look Bad… Palliatives Can’t Solve Problem – PDP Governors Tell Tinubu Governors elected on the platform of the Peoples Democratic Party (PDP) say the federal government interventions in states are not enough. The governors’ position is contained in a communiqué issued on Friday after a meeting in Jalingo, the capital of Taraba state. The federal government has been distributing palliatives to states to address the economic hardship in the country. The governors asked President Bola Tinubu to caution his appointees against “mentioning” the interventions provided by the federal government to states to make them “look bad”. “The…

Aug

2024

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Kumuyi Urges Christians, Muslims To Unite For Nigeria’s Growth

Columns/Opinions/Letters, Economy, News Flash, Religion

Kumuyi Urges Christians, Muslims To Unite For Nigeria’s Growth The General Overseer of Deeper Life Christian Church, Pastor William Kumuyi has called on Christians and Muslims in the country to ignore religious segregation and collaborate to change Nigeria for the better. The pastor stated that there was a need for the adherents of the two religions to see themselves as a people created by God that must take positive steps to lay a solid foundation for a better society and indeed a better world. He stated this at the inauguration ceremony of the Change Markers International Conference, held in Akure…

Aug

2024

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Why We Issued 21-Day Strike Notice To FGN – ASUU

Economy, FGN, Labour, News Flash

Why We Issued 21-Day Strike Notice To FG – ASUU The Academic Staff Union of Universities (ASUU) says the federal government has consistently failed on its promises to address the lingering issues hindering the development of Nigeria’s universities. ASUU earlier issued a 21-day notice to the federal government for a nationwide strike. Emmanuel Osodeke, the union’s president, was at the Michael Okpara University of Agriculture in Abia where he disclosed the outcome of ASUU’s national executive council (NEC) meeting. The meeting was held between August 17 and August 18 at the University of Ibadan. The union is to reconvene at…