Economy

Nov
27
2023
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By Abia ThinkTank
Emefiele Pumped N10tn Into Economy Through Quasi-Fiscal Activities – Cardoso

Emefiele Pumped N10tn Into Economy Through Quasi-Fiscal Activities – Cardoso

CBN/Commercial Banking, Economy, News Flash
Emefiele pumped N10tn into economy through quasi-fiscal activities – Cardoso The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that the apex bank will be asking Deposit Money Banks to increase their capital base in order to service the $1tn economy projected by President Bola Tinubu. This is as he noted that he knew that there was much work to be done in the way the apex bank ran its operations, adding that he would need the collaboration of all stakeholders. CBN Governor, Yemi CardosoSpeaking on Friday at the 58th Annual Dinner of the Chartered Institute…
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Nov
22
2023
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By Abia ThinkTank
House Of Reps Okay MTEF, N7.8tn Borrowing Plans For 2024

House Of Reps Okay MTEF, N7.8tn Borrowing Plans For 2024

Abuja, Economy, National Assembly, News Flash
Reps Okay MTEF, N7.8tn Borrowing Plans For 2024 The House of Representatives, on Tuesday, approved the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), with a borrowing plan of N7.8 trillion for 2024. For 2024, 2025, and 2026, the House set benchmark oil prices of $73.96, $73.76, and $69.90 per barrel, respectively. Also, the House set benchmark daily crude oil production levels of 1.78 Mbps, 1.80 Mbps, and 1.81 Mbps. As agreed by the Green Chamber for 2024–2026, the executive’s proposed exchange rate is N700, N665.61, and N669.79 to $1. The inflation rates of 21.40 per cent in…
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Nov
22
2023
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By Abia ThinkTank
Shettima’s Meeting With Dangote, Elumelu, Others, Details Emerge.

Shettima’s Meeting With Dangote, Elumelu, Others, Details Emerge.

Abuja, Economy, News Flash, Presidency
Details Of Shettima’s Meeting With Dangote, Elumelu, Others Emerge The details of the meeting between Vice President, Kashim Shettima, and some notable Nigerians held at the Presidential Villa in Abuja have emerged.In a statement on Monday by the spokesman of the vice president, Stanley Nkwocha, the purpose of the meeting was to address the country’s Human Capital Development (HCD) problem. Nwokcoha said to address the problem in the nation, a multi-sectoral committee was set up and made up of the Federal and State governments as well as donors and partners. He said the HCD programme was launched by the National…
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Nov
22
2023
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By Abia ThinkTank
Why I Approved Naira Redesign Policy – Buhari confessed

Why I Approved Naira Redesign Policy – Buhari confessed

Economy, News Flash, Politics
Why I Approved Naira Redesign Policy – Buhari Opens Up Former President Muhammadu Buhari says approving the naira redesign policy was a way to ensure his “integrity became unquestionable”. The immediate-past president spoke in an interview with NTA — his first since handing over the reins of the nation’s leadership to President Bola Tinubu in May. With Buhari’s backing, the central bank announced its plans to redesign and circulate a new series of three banknotes out of the existing eight, in October 2022. The redesigned N200, N500, and N1000 notes were due for circulation on December 15, 2022; while the…
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Nov
22
2023
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By Abia ThinkTank
Soludo Presents 2024 Budget Proposal Of N410 Billion To Anambra State House Of Assembly (Full Details)

Soludo Presents 2024 Budget Proposal Of N410 Billion To Anambra State House Of Assembly (Full Details)

Economy, House Of Assembly, News Flash, South East
Full details as Soludo Presents 2024 Budget Proposal Of N410 Billion To Anambra State House Of Assembly The Executive Governor of Anambra State, Prof Chukwuma Charles Soludo, yesterday afternoon at the Anambra State House of Assembly, presented the 2024 budget proposal ofFour Hundred and Ten Billion, one hundred and thirty-two million, two hundred and twenty-four thousand, two hundred and seventy-two naira. According to the State Number One Citizen, Ninety-six billion, two hundred and one million, nine hundred and thirty-six thousand, seven hundred and forty-six naira (₦96, 201, 936, 746) that is 23% of the budget is targeted at recurrent expenditure;…
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Nov
21
2023
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By Abia ThinkTank
Straight From The Heart: Nigeria Is Sitting On A Time Bomb And The Situation Is Getting More Hopeless – By David Uma

Straight From The Heart: Nigeria Is Sitting On A Time Bomb And The Situation Is Getting More Hopeless – By David Uma

Columns/Opinions/Letters, Economy, News Flash
THE SITUATION IN OUR COUNTRY IS GETTING MORE HOPELESS… Nigerians are going through drowning experiences, and getting more drowsy as each day passes. The Country is seriously grappling with so many challenges. The economic indicators from every part of the Country show high level of poverty, and general hopelessness. The high cost of living is skyrocketing on daily basis, thereby driving everyone crazy. Petrol is no longer affordable, how much more other basic needs including foodstuffs. Controversy is still surrounding the removal of the fuel subsidy regime many months after it was announced.Predictably, the rippling effects have triggered public outcry,…
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Nov
18
2023
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By Abia ThinkTank
Why Ex-CBN Governor, Emefiele Will Remain In Kuje Prison Till November 22

Why Ex-CBN Governor, Emefiele Will Remain In Kuje Prison Till November 22

Crime, Economy, Judiciary, News Flash
Court Remands Ex-CBN Gov, Emefiele In Kuje Prison Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, has ordered that the former Governor of the Central Bank of Nigeria CBN, Godwin Emefiele, be remanded in Kuje prison pending the determination of his request for bail. Emefiele will remain in prison until November 22, when the court will deliver a ruling on his bail motion. According to Dailypost report z His lead counsel, Mathew Burkaa SAN, moved the application for bail which Rotimi Oyedepo vehemently opposed on behalf of the Federal Government. After taking arguments for…
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Nov
17
2023
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By Abia ThinkTank
Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries – Presidency

Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries – Presidency

Economy, News Flash, Oil & Gas
đź’ĄBOOM After A Successful Outing In Saudi Arabia, President Tinubu Returns To Africa. President Tinubu Went To Riyadh For Serious Business. â—ŹPresident Tinubu Sealed Investment Deals With The Saudis In Agriculture, Oil And Gas , Electricity, Telecommunications And Technology Sectors. â—ŹSaudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries . â—ŹSaudi Arabia Also Pledged To Help Nigeria Strengthen The Naira And Support Food Security In Nigeria. 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…
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Nov
17
2023
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By Abia ThinkTank
President Tinubu Plans To Establish Industrial Hubs Across 36 States And FCT

President Tinubu Plans To Establish Industrial Hubs Across 36 States And FCT

Abuja, Economy, FGN, News Flash
đź’ĄBREAKING Presiden Bola Ahmed Tinubu Plans To Establish Industrial Hubs Across The 36 States And FCT. â—ŹThis Industrial Hubs Will Create Thousands Of Jobs For Nigerians And Tackle The Rising Unemployment In The Country. Detailed Programs will be made available soon the Presidency said 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 entire world at highly subsidized rate. PACKAGE:…
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Nov
16
2023
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By Abia ThinkTank
The Sad Reality Of Nigeria In The Technological Space – By Nnate Ernest

The Sad Reality Of Nigeria In The Technological Space – By Nnate Ernest

Columns/Opinions/Letters, Economy, Information Technology, News Flash
THE SAD REALITY OF NIGERIA IN THE TECHNOLOGICAL SPACEBY NNATE ERNEST Nigeria is the most populous black nation with talented and beautiful individuals. Nigeria's 2023 population is estimated at 223,804,632 people at mid-year and equivalent to 2.78% of the total world population, which signals a good place for foreign investment and great use of technology. Nigeria may be able to boast of having the most number of tech startups in Africa but lags in several other significant areas. Due to poor infrastructure, inadequate planning and weak policies by the government, Nigeria has not been able to make any substantial progress…
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