Economy

Nov
10
2023
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By Abia ThinkTank
CBN Issues Fresh Directive On Old And New Naira Notes

CBN Issues Fresh Directive On Old And New Naira Notes

CBN/Commercial Banking, Economy, News Flash
CBN Issues Fresh Directive on Old and New Naira Notes The Central Bank of Nigeria (CBN) has instructed its branches nationwide to continue issuing both old and redesigned naira notes in ample quantities to deposit money banks. The directive comes on the heels of reports of cash scarcity in major cities despite earlier assurances from the CBN about sufficient cash availability. The CBN, in a statement signed by its Director, Corporate Communications, Isa AbdulMumin, has reiterated that all naira notes issued by the bank remain legal tender and should not be rejected by anyone. “We wish to state unambiguously that…
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Nov
09
2023
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By Abia ThinkTank
President Tinubu Signs 2.176 Trillion Supplementary 2023 Budget

President Tinubu Signs 2.176 Trillion Supplementary 2023 Budget

Abuja, Economy, News Flash, Presidency
STATE HOUSE PRESS RELEASE PRESIDENT TINUBU SIGNS N2.1 TRILLION SUPPLEMENTARY 2023 BUDGET President Bola Tinubu signed the N2.176 trillion Supplementary Appropriation Act on Wednesday in Abuja to strengthen Nigeria's security architecture and address Nigeria's critical infrastructure deficit, amongst other considerations. The President signed the Supplementary Appropriation Act, 2023, in his office at the State House in the presence of Senate President Godswill Akpabio; Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas; Secretary to the Government of the Federation, Sen. George Akume; Majority Leader of the Senate, Opeyemi Bamidele; the Chairmen of the Appropriation Committees in the Senate, Sen.…
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Nov
09
2023
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By Abia ThinkTank
Betta Edu In Abeokuta Market, Expresses FG Readiness To Lift 100,000 People From Poverty Through Subsidized Adore Production Scheme

Betta Edu In Abeokuta Market, Expresses FG Readiness To Lift 100,000 People From Poverty Through Subsidized Adore Production Scheme

Business, Economy, News Flash, Women Empowerment
💥BOOM Betta Edu In Abeokuta Markets, Expresses FG Readiness To Lift 100,000 people from poverty through Subsidize Adire production scheme. It was excitement for the market men and women in Itoku and Asero Markets in Abeokuta, the Ogun State Capital, as the Minister for Humanitarian Affairs and Poverty Alleviation,Dr Betta Edu announced the readiness of President Tinubu's Renewed Hope Agenda to support locally produced Adire for local and international Market. She also took time to sensitize the market women on the market monies program and other social safety net programs from the ministry. The Minister said federal Government will invest…
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Nov
09
2023
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By Abia ThinkTank
Good News For Nigeria As Masters Energy Oil And Gas Commences The Construction Of A $500m Gas Storage Facility

Good News For Nigeria As Masters Energy Oil And Gas Commences The Construction Of A $500m Gas Storage Facility

Economy, News Flash, Oil & Gas
💥BREAKING Good News For Nigeria As Masters Energy Oil and Gas Commences The Construction Of A $500m Gas Storage Facility This Is In Line With President Tinubu's Gas Infrastructure Development Plan. This is a good development in the oil and gas sector. There is hope for Nigeria !! Details Coming Soon SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc who are involved in the above events and others not mentioned during this Xmas period to reach out and showcase their event to the…
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Nov
07
2023
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By Abia ThinkTank
Former CBN Governor Lamido Sanusi Urge The Current CBN Governor To Tackle Increasing Inflation Rate.

Former CBN Governor Lamido Sanusi Urge The Current CBN Governor To Tackle Increasing Inflation Rate.

CBN/Commercial Banking, Economy
Former CBN governor Lamido Sanusi has sent an important message to the Governor of CBN, Yemi Cardoso. He is calling on the apex bank to find a solution to the rising inflation rate, which is now at over 17year-high. The message from Sanusi was well received by Cardoso, and he replied with promises and provided his action plans Lamido Sanusi, the former Governor of the Central Bank of Nigeria (CBN), has urged the current CBN Governor, Olayemi Cardoso, to tackle the increasing inflation. Sanusi gave this advice when he visited the CBN headquarters in the company of Ibukun Awosika, Chairperson…
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Nov
04
2023
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By Abia ThinkTank
FG Takes Steps To Take 50m Nigerians Out Of Poverty – Betta Edu

FG Takes Steps To Take 50m Nigerians Out Of Poverty – Betta Edu

Abuja, Economy, FGN
How FG Will Take 50m Nigerians Out Of Poverty – Betta Edu The Federal Government has spelt out some of the steps that will be adopted to take 50 million people out of poverty in Nigeria, as directed by President Bola Ahmed Tinubu. The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, spoke on Thursday during the ongoing cabinet retreat at the State House Conference Centre, Abuja. The president had on Wednesday announced that ministers would sign a Performance Agreement with him at the end of the three-day cabinet retreat for ministers, presidential aides, permanent secretaries and top government…
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Nov
04
2023
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By Abia ThinkTank
President Tinubu Jubilates As France Sets To Return Fresh $150m Abacha Loot To Nigeria

President Tinubu Jubilates As France Sets To Return Fresh $150m Abacha Loot To Nigeria

Abuja, Economy, International, Presidency
President Tinubu Jubilates As France Sets To Return Fresh $150m Abacha Loot To Nigeria President Bola Tinubu has expressed his appreciation to France for the return of $150 million stolen from Nigeria by former Head of State, General Sani Abacha. He has also acknowledged the signing of a €100 million agreement between Nigeria and France to support the i-DICE programme, a Federal Government initiative to promote investment in Information and Communications Technology (ICT) and Creative Arts Industries. The agreement was signed by the Minister of Communications, Innovation and Digital Technology, Dr. ‘Bosun Tijani, and the French Minister of Europe and…
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Oct
29
2023
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By Abia ThinkTank
Kaduna Refinery To Be Ready By The End Of 2024 – Senator Heineken Lokpobiri, Hon. Minister Of State For Petroleum Resources(Oil)

Kaduna Refinery To Be Ready By The End Of 2024 – Senator Heineken Lokpobiri, Hon. Minister Of State For Petroleum Resources(Oil)

Economy, News Flash, Northern Nigeria, Oil & Gas
KADUNA REFINERY TO BE READY BY THE END OF 2024 The Honorable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited, KRPC, will be back on stream by the end of 2024. The Minister disclosed this during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the Refinery in Kaduna on Saturday. Lokpobiri said he is confident that the refinery will be restreamed by the end of 2024, considering the “significant level of…
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Oct
28
2023
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By Abia ThinkTank
BUA Cement Sellers Reveal Why Prices Are Still High

BUA Cement Sellers Reveal Why Prices Are Still High

Economy, Business, News Flash
BUA Cement sellers reveal why prices are still high BUA reveals reason for price slash The company announced the decision after BUA Cement founder Abdul Samad Rabiu visited President Bola Tinubu on September 16, 2023. According to the statement by the company announcing the price slash, the move is part of its ongoing effort to boost its production capacity to 17 million metric tonnes per annum before the end of 2023. Findings reveal that four weeks after, the price of BUA Cement has remained unchanged and is still sold above N5,000 in some depots in Lagos and Ogun states. Retailers…
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Oct
27
2023
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By Abia ThinkTank
Federal Government Set To Reactivate The Steel Sector, Revive MTI Onitsha

Federal Government Set To Reactivate The Steel Sector, Revive MTI Onitsha

Economy, FGN, Manufacturing
FEDERAL GOVERNMENT SET TO REACTIVATE THE STEEL SECTOR, REVIVE MTI ONITSHA Anambra State Governor, Prof Charles Chukwuma Soludo CFR on Thursday, October 26, 2023 received in courtesy visit the Honourable Minister of State for Steel Development, Uba Maigari Ahmadu at the Governor's Lodge Amawbia, Awka Anambra State. The Honourable Minister, Hon. Uba is on a 2-day official tour of the National Metallurgical Training Institute (NMTI) in Onitsha which is under the purview of his office. The Minister during his speech held that it is difficult to discuss Nigeria industrialization without putting Anambra State into consideration as the state prides as…
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