FGN - Abia ThinkTank News

Feb

2025

APC To FGN: Don’t Release Osun LGA Allocation

APC to FG: don’t release Osun LG allocation The All Progressives Congress (APC) has called on the federal government to withhold allocations meant for local government councils in Osun State until judicially reinstated elected officials assume office. The party condemned last Saturday’s local government election in the state, accusing Governor Ademola Adeleke of violating his oath of office by conducting the polls. APC also alleged that the governor and the ruling Peoples Democratic Party (PDP) were disrupting peace by refusing to comply with the February 10, 2025, Court of Appeal ruling that ordered the reinstatement of sacked elected local government…

Feb

2025

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By Abia ThinkTank

Ooni Hails President Tinubu, Says Economic Reforms Yielding Fruits

News Flash, Economy, FGN, Politics

Ooni Hails Tinubu, Says Economic Reforms Yielding Fruits The Ooni of Ife, Oba Adeyeye Ogunwusi Ojaja II, on Sunday, commended President Bola Tinubu, saying the hardship resulting from his bold economic reforms is gradually giving way and yielding fruits for Nigerians. The monarch also said that the arbitrage between the parallel and the official markets has been closed completely for the first time in 20 years. He stated this at the maiden edition of the Nigeria-Kazakhstan Business Council International conference held in Abuja. “We all know the challenges of our dear country. I will give a simple example of a…

Feb

2025

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By Abia ThinkTank

FGN Has Spent $8 Billion To Support The Naira – Rewane

Economy, FGN, News Flash

FG Has Spent $8 Billion To Support The Naira – Rewane The Federal Government has spent approximately $8 billion in an attempt to stabilize the naira amid ongoing economic pressures. This was made known by the CEO of Financial Derivatives Company, Bismarck Rewane on Friday. Speaking on Channels Television’s News at 10 on Friday, Rewane highlighted the substantial interventions made to manage exchange rate volatility and inflation concerns. He was speaking against the backdrop of the recent Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) which retained MPR at 27.50% on Thursday. According to him, the…

Feb

2025

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By Abia ThinkTank

FGN Bows To Pressure, Set To Crash Telecom Tariff Hike

Business, FGN, News Flash, Telecommunications

FG Bows To Pressure, Set To Crash Telecom Tariff Hike The Federal Government has agreed to lower the recent increase in telecommunications tariffs, reducing the hike from 50 percent to 35 percent after facing pressure from organized labour and the public. The decision was reached after a meeting between government officials and representatives of the Nigerian Labour Congress (NLC). The meeting, which took place at the office of the National Security Adviser (NSA) on Friday, was part of efforts to address the growing concerns over the high cost of telecom services. Sources indicate that an official announcement regarding the tariff…

Feb

2025

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By Abia ThinkTank

June 12: Tinubu Commends Babangida For Admitting MKO Abiola’s Victory

FGN, News Flash, Politics

June 12: Tinubu commends Babangida for admitting MKO Abiola’s victory STATEHOUSE PRESS RELEASE President Bola Tinubu, on Thursday in Abuja, said former President Gen. Ibrahim Badamosi Babangida showed unusual courage and patriotism by admitting that late M.K.O. Abiola won the June 12 election in 1993. The President, who was the Special Guest of Honour at the launch of Babangida’s autobiography, ” A Journey in Service,” and the fundraising for the IBB Presidential Library Project, saluted the former leader’s contribution to the country’s history and development. General Babangida confirmed for the first time in 32 years that Chief Abiola had won…

Feb

2025

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By Abia ThinkTank

Nigeria’s First Lady Becomes OAFLAD Steering Committee Member

FGN, International, News Flash, Politics

Nigeria’s First Lady Becomes OAFLAD Steering Committee Member Nigeria’s First Lady, Oluremi Tinubu has been elected as a member, Steering Committee of the Organization of African First Ladies for Development (OAFLAD). This was at the 29th Ordinary General Assembly of the organization ongoing in Addis Ababa on the sideline of the 38th African Union Summit Ordinary Session. She joins the 8- member Steering Committee as one of the two members representing West Africa. She will serve in the new position for a two year tenure. Already a strong voice within OAFLAD, the First Lady is expected to further carry the…

Feb

2025

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By Abia ThinkTank

Insecurity: SSS DG Says Communities Should Be Allowed To Own Arms For Self-defense

FGN, Northern Nigeria, Security

Insecurity: SSS DG says communities should be allowed to own arms for self-defense The Director-General, State Security Service, SSS, Oluwatosin Ajayi, says there is need to allow some level of armament for the communities so that they can serve as the first line of defence in tackling insecurity. Mr Ajayi slated this at the maiden annual lecture of the National Association of the Institute for Security Studies, AANISS, on Thursday in Abuja. He said that Nigeria should start experimenting how it can make the community be the first line of defence, citing an incident in Azare in Bauchi State where…

Feb

2025

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By Abia ThinkTank

NECO Releases 2024 Examination Results

Education, FGN, News Flash

NECO releases 2024 examination results The National Examinations Council (NECO) has published the results for the 2024 Senior School Certificate Examination (SSCE) External, with 57,114 candidates achieving five credits or more, including English Language and Mathematics. Announcing the results in Minna on Friday, NECO’s Registrar and Chief Executive Officer, Prof. Dantani Wushishi, stated that the overall pass rate was 67.35%. The examination took place from November 14 to December 14, 2024, with 86,067 candidates registered. According to Wushishi, the successful release of results followed the standard examination process, which includes pre-examination, examination, and post-examination stages. A total of 29 subjects…

Feb

2025

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By Abia ThinkTank

FGN Assumes Full Control Of Keystone Bank

CBN/Commercial Banking, Economy, FGN, News Flash

FG Assumes Full Control Of Keystone Bank Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth capitalization process. The bank disclosed this in a statement on its Instagram page on Tuesday evening, following a ruling by the Lagos State High Court, Ikeja. The court ordered the forfeiture of shares previously held by the bank’s former shareholders, effectively transferring ownership to the Federal Government. “Keystone Bank Limited wishes to clarify the media report on a judgment by the Lagos State Special Offences…

Feb

2025

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By Abia ThinkTank

Nigeria Makes List Of World’s Most Corrupt Country In 2024, Gets New Ranking

FGN, Foreign Affairs, International, News Flash

Nigeria Makes List Of World’s Most Corrupt Country in 2024, Gets New Ranking Transparency International, a global coalition against corruption, has ranked Nigeria as the 36th most corrupt country in the world. Nigeria was joined by Uganda, Mexico, Madagascar, Iraq, and Cameroon in the same spot with a total score of 26 points. The ranking released on Tuesday highlighted the 2024 corruption perceptions index. The list ranks Denmark as the least corrupt country with 90 points, Finland as second with 88 points, and Singapore as third with 84 points. No African country made the top 10 very clean list as…