FGN

Jan
30
2025
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By Abia ThinkTank
CBN Clears Outstanding $7 Billion FX – CBN Gov, Cardoso Says

CBN Clears Outstanding $7 Billion FX – CBN Gov, Cardoso Says

CBN/Commercial Banking, Economy, FGN, News Flash
Outstanding $7 Billion n FX Cleared – CBN Gov, Cardoso Says Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Wednesday that the Federal Government has cleared the outstanding $7bn foreign exchange backlog to various firms following a successful verification exercise by forensic auditors. Cardoso disclosed this at the launch of Nigeria’s Regulatory Policy Framework organised by the Presidential Enabling Business Environment Council. The event, which was tagged the regulators’ forum, took place at the State House Conference Hall in Abuja. Addressing the audience, Cardoso explained that the bank was optimistic the clearance of the $7bn backlog would…
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Jan
30
2025
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By Abia ThinkTank
FGN Secures $1.1 Billion AfDB Loan To Power 5 Million People By 2026 – President Tinubu

FGN Secures $1.1 Billion AfDB Loan To Power 5 Million People By 2026 – President Tinubu

FGN, News Flash, Power & Energy, Presidency
FG Secures $1.1 Billion AfDB Loan To Power 5 Million People By 2026 – President Tinubu The Federal Government has secured a $1.1 billion loan from African Development Bank, AfDB, to provide electricity for 5 million people by the end of 2026. Special Adviser to the President, (Information & Strategy), bayo Onanuga, who disclosed this in a statement, said President Bola Tinubu made this known at the just concluded two-day Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania. Tinubu also stated that the AfDB’s $200 million in the Nigeria Electrification Project would provide electricity for 500,000 people by…
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Jan
30
2025
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By Abia ThinkTank
Atiku, Obi, El-Rufai Indicted In Plot To Overthrow President Tinubu

Atiku, Obi, El-Rufai Indicted In Plot To Overthrow President Tinubu

FGN, Crime, News Flash, Politics
Atiku, Obi, El-Rufai Indicted In Plot To Overthrow President Tinubu Former Vice President Atiku Abubakar, ex-Kaduna State governor Mallam Nasir El-Rufai, and other prominent politicians have been accused of planning to overthrow President Bola Tinubu. The allegation was made by a group known as Joint Action on Democracy (JAD). According to JAD, these politicians are aggrieved because President Tinubu has initiated reforms that are already showing positive results. The group believes that this has made the politicians realize they have no chance of winning the next general elections, even if they work together. JAD specifically mentioned that Atiku, El-Rufai, Peter…
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Jan
29
2025
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By Abia ThinkTank
APC Slams Atiku Over Comments At National Democracy Conference

APC Slams Atiku Over Comments At National Democracy Conference

News Flash, FGN, Politics, Presidency
APC Slams Atiku Over Comments At National Democracy Conference The ruling All Progressives Congress (APC) has slammed former PDP presidential candidate, Atiku Abubakar, over his comments during the recently concluded two-day National Conference on Strengthening Democracy in Nigeria in Abuja. APC accused Atiku of consistently blaming the APC for issues within his party, describing his claims as “like a broken record.” This was contained in a statement by the APC National Publicity Secretary, Felix Morka, on Tuesday, January 28. The statement reads in part: “The former Vice President and Presidential candidate of the Peoples Democratic Party (PDP) in the 2023…
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Jan
29
2025
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By Abia ThinkTank
President Tinubu Inherited N87.38 Trillion Debt, Not N21 Trillion – DMO Clarifies

President Tinubu Inherited N87.38 Trillion Debt, Not N21 Trillion – DMO Clarifies

Economy, FGN, News Flash, Politics
Tinubu Inherited N87.38 Trillion Debt, Not N21 Trillion – DMO Clarifies The Debt Management Office (DMO) has debunked recent media reports claiming that President Bola Ahmed Tinubu inherited N21 trillion in public debt which arose to N142 trillion. In a statement issued by the DMO on Monday, the agency said the actual total public debt as of June 30, 2023 after President Tinubu took office stood at N87.38 trillion. President Tinubu took office on May 29, 2023. The DMO clarified that the figure includes the external and domestic debt of the Federal Government of Nigeria (FGN), the 36 states, and…
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Jan
29
2025
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By Abia ThinkTank
Nigeria On Verge Of Losing Democracy – Atiku Abubakar

Nigeria On Verge Of Losing Democracy – Atiku Abubakar

Columns/Opinions/Letters, FGN, Politics
Nigeria On Verge Of Losing Democracy – Atiku Former Vice President Atiku Abubakar has warned that Nigeria is on the verge of losing its hard-fought democracy if it does not retrace its steps. Atiku made this declaration on Monday at a national conference on strengthening democracy in Nigeria, organised by the African Centre for Leadership, Strategy, and Development (Centre LSD), the Centre for Democracy and Development (CDD), the Westminster Foundation for Democracy (WFD), the Peering Advocacy and Advancement Centre in Africa (PAACA), and the National Peace Committee (NPC). The former vice president cited instances where courts decide candidates or winners…
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Jan
28
2025
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By Abia ThinkTank
Federal Civil Service Commission Announces Nationwide Recruitment; Apply Now.

Federal Civil Service Commission Announces Nationwide Recruitment; Apply Now.

FGN, Labour, News Flash
APPLY NOW: Federal Civil Service Commission Announces Nationwide Recruitment The Federal Civil Service Commission (FCSC) has announced the commencement of its 2025 recruitment exercise for various positions across the Federal Civil Service. In a statement released on Monday, signed by the Head of Press and Public Relations, Taiwo Hassan, the Commission invited eligible Nigerians to submit applications for available vacancies. The announcement, published on the Commission’s official website, calls on interested applicants to submit their applications online via the portal https://recruitment.fedcivilservice.gov.ng Candidates are allowed to apply for only one position and must submit their applications before the deadline of Monday,…
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Jan
27
2025
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By Abia ThinkTank
Why FGN Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister

Why FGN Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister

FGN, Economy, Information Technology, News Flash
Why FG Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister The Minister of Communication, Innovation and Digital Economy, Bosun Tijani, says the federal government approved a 50 per cent tariff hike for telecommunication companies to sustain the industry. Mr Tijani added that the new tariff would allow telecommunication companies to be able to invest in new infrastructure and improve connectivity. He said this at the maiden Robotics and Artificial Intelligence Nigeria (RAIN) summit, on Saturday in Ibadan with the theme: “The Rain of Transformation is upon us: CEOs Arise.” The minister urged Nigerian youths to drive technological progress…
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Jan
26
2025
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By Abia ThinkTank
Tax Titans: Lagos Generates N2.75 Trillion, Rivers And FCT Follow – See Full Breakdown

Tax Titans: Lagos Generates N2.75 Trillion, Rivers And FCT Follow – See Full Breakdown

Economy, FGN, News Flash
Tax Titans: Lagos Generates ₦2.75 Trillion, Rivers And FCT Follow – Full Breakdown Lagos State has retained its position as Nigeria’s leading contributor to Value Added Tax (VAT) revenue in 2024, recording a staggering ₦2.75 trillion, representing 54% of the country’s total non-import VAT earnings. Tourism packages According to data published by Agora Policy, a Nigerian think tank, Rivers State secured the second spot with ₦832.69 billion, while the Federal Capital Territory (FCT) ranked third with ₦303.64 billion. Oyo State came fourth with ₦272.41 billion, and Kano State rounded off the top five with ₦77.76 billion. Meanwhile, the remaining 33…
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Jan
26
2025
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By Abia ThinkTank
Makeup, POP Installation, Plumbing, And Other 12 New Subjects Added To Basic Education Curriculum

Makeup, POP Installation, Plumbing, And Other 12 New Subjects Added To Basic Education Curriculum

Education, FGN, News Flash
Makeup, POP Installation, Plumbing, 12 New Subjects Added To Basic Education Curriculum Fifteen new subjects have been added to Nigeria’s basic education curriculum, the Federal Government has announced. This is disclosed in a press statement released by the National Orientation Agency (NOA) on Friday, January 24, 2025. NOA said the new trade subjects were added to the curriculum to boost students’ practical skills and employability level. Expected to take effect from January 2025, the newly updated curriculum would be used across the primary and junior secondary classes in Nigeria. Below is a list of the new subjects:1.Plumbing2 Hairstyling3 Makeup4 POP…
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