FGN - Abia ThinkTank News

Jul

2024

FGN Imposes 7.5% VAT On Cryptocurrency Transactions

Economy, CBN/Commercial Banking, FGN, News Flash

FG Imposes 7.5% VAT On Cryptocurrency Transactions The Federal Government has imposed a 7.5 percent Value Added Tax(VAT) on cryptocurrency transactions. This development was made known after KuCoin; a cryptocurrency exchange, says it will commence collection of the transaction fees for users in Nigeria. In a statement on July 3, the cryptocurrency platform said the deduction of the VAT would commence from July 8 and that for every trade, the 7.5 percent VAT will be applied to the transaction fee — not the total transaction amount. According to KuCoin, if a user buys $1,000 worth of bitcoin with a 0.1…

Jul

2024

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By Abia ThinkTank

‘Out Law On Same Sex Marriage Supersedes’ – FGN Finally Speaks On Signing Samoa Agreement

FGN, Love & Life, News Flash, Politics

‘Our Law On Same S£x Marriage Supersedes’ – FG Finally Speaks On Signing Samoa Agreement The Federal Government has confirmed signing Samoa agreement, saying the law on same sex marriage supersedes the agreement. The agreement reportedly has some clauses that compel underdeveloped and developing nations to support the agitations by Lesbian, Gay, Bisexual, and Transgender (LGBT) community for recognition, as condition for getting financial and other supports from advanced societies. Named after the Pacific Island Samoa, where it was signed, the agreement is gradually gaining traction, despite opposition by many countries that cherish Islamic and Christianity values, in addition to…

Jul

2024

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By Abia ThinkTank

Senators Ike Nwachukwu And Mao Ohuabunwa, Others Inaugurated As Chancellors Of Nigerian Universities

Abia State, Abia North, Education, FGN, News Flash

Governing Councils of Universities inaugurated July 4th, 2024 The newly constituted Nigerian Universities Governing Councils was formally inaugurated yesterday. Prominent among the Chancellors that were inaugurated are our own Distinguished Sen. Mao Arukwe Ohuabunwa KSC PHD and Senator General Ike Nwachukwu. Senator Mao has already assumed office as the chairman Governing Board & Pro Chancellor of the University of Port Harcour By this appointment, it is evident that Senator Mao and Senator General Ike Nwachukwu are imbued with capacity, integrity, abilities and sound leadership quality. They have surely proved these qualities over the years and the testimony is clearly seen…

Jul

2024

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By Abia ThinkTank

Gov Otti Commissions Federal Govt Multipurpose Hospital In ABIA, Commends FG And Sets-Up A Facility Management Team To Ensure And Sustain Standard

Abia State, FGN, Good Governance, Health, News Flash

GOVERNOR ALEX OTTI COMMISSIONS FEDERAL GOVERNMENT MULTIPURPOSE HOSPITAL IN ABIA, COMMENDS FG AND SETS-UP A FACILITY MANAGEMENT TEAM TO ENSURE AND SUSTAIN STANDARD. The Executive Governor of Abia State, His Excellency Dr Alex Otti on Wednesday 3rd July, commissioned a Federal Government built and equipped multipurpose hospital in Ugwunagbo Local Government Area of Abia State. The hospital with State of the art equipment was built by the Federal Government in line with the Sustainable Development Goals (SDG-3) Speaking during the commissioning, the Governor maintained that quality, accessible and efficient health sector eco-system is a priority in his administration’s strategy to…

Jul

2024

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By Abia ThinkTank

President Tinubu Makes 9 Fresh Appointments

FGN, News Flash, Politics, Presidency

President Tinubu Makes 9 Fresh Appointments President Bola Tinubu has approved the appointment of 9 members as the Board of the Nigerian Consumer Credit Corporation (CREDICORP). Tinubu appointed Otunba Aderemi Abdul as Board Chairman (Independent Non-Executive Director) and Engr. Uzoma Nwagba as Managing Director/CEO STATE HOUSE PRESS RELEASE PRESIDENT TINUBU APPOINTS BOARD OF NIGERIAN CONSUMER CREDIT CORPORATION (CREDICORP) To further expedite the process of expanding consumer credit access to Nigerians, President Bola Tinubu has approved the appointment of the following qualified Nigerians to the Board of the Nigerian Consumer Credit Corporation (CREDICORP): (1) Otunba Aderemi Abdul – Board Chairman (Independent…

Jul

2024

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By Abia ThinkTank

President Tinubu Mourns Veteran Nigerian Journalist

FGN, News Flash, Obituary, Presidency

Tinubu Mourns As Veteran Nigerian Journalist Dies President Bola Tinubu on Wednesday extended his condolences to the family of Mr Kabir Yusuf, who passed away on Tuesday. Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity in a statement on Wednesday, said Yusuf, a veteran journalist was the Federal Capital Territory correspondent for The Triumph Newspaper and Radio France Internationale Hausa. “He covered the State House for many years until his passing. “The president prays for the repose of the soul of the departed and comfort to his family in this time of grief and always,” Tinubu…

Jul

2024

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By Abia ThinkTank

Obasanjo Moves For Nnamdi Kanu’s Release, Joins South East Governors’ Meeting

FGN, Human Rights, Humanitarian, News Flash

Obasanjo Joins South-East Governors Meeting, Moves For Nnamdi Kanu’s Release The South East Governors, on Tuesday, hosted former President Olusegun Obasanjo who paid the governors a solidarity visit while they decided to meet President Bola Tinubu to press for the release of the leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu. Addressing the media, after over seven hours of marathon meeting, the Governors of the region who were all in attendance also set up a burial committee by Former Senate President, Anyim, Pius Anyim, for the late minister of Science and Technology, Dr Ogbonnaya Onu. According to…

Jul

2024

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By Abia ThinkTank

President Tinubu Appoints Board For Family Home Fund

Economy, FGN, News Flash, Politics

Tinubu Appoints 10-member Board For Family Home Fund President Bola Tinubu has approved the appointment of a chairman and nine members of the board of the Family Homes Funds Limited. Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, disclosed this in a statement signed Tuesday, titled ‘President Tinubu appoints new board of the family home fund.’ The committee members include Mr Demola Adebise (Board Chairman), and Mr Abdul Muttalab, who was appointed Chief Executive Officer/Managing Director by former President Muhammadu Buhari in January 2023. Others are Mr Abdullahi Musa (Executive Director, Finance) and Mr. Emeka Inegbu (Executive Director, Operations).…

Jul

2024

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By Abia ThinkTank

Labour Sends New Message To Tinubu’s Government Over Minimum Wage

Economy, FGN, Labour, News Flash, Politics

“What We Want to Hear”: Labour Sends New Message To Tinubu's Govt Over Minimum Wage President of Nigeria Labour Congress (NLC), Joe Ajaero, has accused the federal government of hiding under the state governors. Ajaero said the delay in submitting the new minimum wage proposal to the National Assembly shows that the government has not put its house in order. He said any governor that cannot pay the new minimum wage, when it becomes effective, should resign. President of Nigeria Labour Congress (NLC), Joe Ajaero, said what organized labour wants to hear is that the federal government want to consult…

Jul

2024

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By Abia ThinkTank

Labour Urged To Declare Nationwide Strike Over Minimum Wage Delay

FGN, Labour, News Flash

Labour Urged To Declare Nationwide Strike Over Minimum Wage Delay The Campaign for Democratic and Workers’ Rights, CDWR, has called on Ogranised Labour to immediately mobilize and declare a nationwide strike over the minimum wage and the recent hike in electricity tariff. According to CDWR, Nigeria Labour Congress, NLC, and Trade Union Congress of Nigeria, TUC, as the next step in the minimum wage struggle, should declare and mobilise widely for a 48-hour general strike and mass protest to demand a minimum wage not less than N200, 000 and the reversal of all anti-poor policies (privatization, deregulation, subsidy removal, electricity…