FGN

May
07
2024
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By Abia ThinkTank
JAMB Releases Additional 531 Results

JAMB Releases Additional 531 Results

Education, FGN, News Flash
JAMB Releases Additional 531 Results As promised, the Board is proceeding with the screening of over 64,000 withheld results. It has, however, released additional 531 results taking the total number of results released to 1,842,897. In the course of the exercise, other cases of examination misconduct were also established to make a tally of 92 from the 81 initially discovered. The Board is also looking at cases of unverified candidates and would soon come up with a position. Similarly, the attention of the Joint Admissions and Matriculation Board(JAMB) has been drawn to some fallacious publications purporting that an unknown candidate,…
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May
06
2024
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By Abia ThinkTank
FG Reduces Electricity Tariff For Consumers

FG Reduces Electricity Tariff For Consumers

Business, FGN, News Flash, Power & Energy
FG Reduces Electricity Tariff For Consumers The Federal Government has approved a downward review in electricity tariff for Band A customers (Those with a daily supply of minimum of 20 hours). Under the approved review,Band A customers who hitherto were charged N225/Kwh are now to pay N206.80/Kwh. The decision to crash the tariff may not be unconnected with public outcry over the increase in electricity which industry observers, CSOs, labour unions have described as insensitive. Already, electricity distributors are sending the reduction notice to their customers. In a notice to its customers on Monday, Ikeja Electric said “Please be informed…
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May
06
2024
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By Abia ThinkTank
Tinubu Hurriedly Awarded Lagos-Calabar Coastal Road Contract To Chagoury Group Because His Son, Seyi Is On Its Board – Atiku

Tinubu Hurriedly Awarded Lagos-Calabar Coastal Road Contract To Chagoury Group Because His Son, Seyi Is On Its Board – Atiku

Business, FGN, Gossips, News Flash, Politics
Tinubu Hurriedly Awarded Lagos-Calabar Coastal Road Contract To Chagoury Group Because His Son, Seyi Is On Its Board – Atiku Former Vice-President Atiku Abubakar, on Sunday, said that the reason President Bola Tinubu hurriedly awarded the Lagos-Calabar coastal highway project to Chagoury Group is because of his son, Seyi’s interest in the company. According to a statement issued by his Media Adviser, Paul Ibe, Atiku insisted that Seyi was on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, owned by one of the president’s business allies, Gilbert Chagoury. Atiku described it as a conflict of interest…
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May
05
2024
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By Abia ThinkTank
SERAP Sues Wike, 36 Governors Over Failure To Account For N5.9trn, $4.6bn Loans, Publish Agreements

SERAP Sues Wike, 36 Governors Over Failure To Account For N5.9trn, $4.6bn Loans, Publish Agreements

Judiciary, FGN, News Flash
SERAP Sues Wike, 36 Governors Over Failure To Account For N5.9trn, $4.6bn Loans, Publish Agreements Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike “over their failure to account for N5.9 trillion and $4.6 billion loans obtained by their states and the FCT, and to publish copies of the loan agreements, including details and locations of projects executed with the loans.” The suit followed the disclosure last month by Governor Uba Sani of Kaduna State that the immediate past administration of Nasir El-Rufai left…
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May
04
2024
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By Abia ThinkTank
President Tinubu Makes Another Fresh Appointment

President Tinubu Makes Another Fresh Appointment

FGN, News Flash, Politics, Presidency
President Tinubu Makes Fresh Appointment President Bola Ahmed Tinubu has approved the appointment of Dr Philip Ugbodaga, as the substantive Medical Director the newly established National Orthopaedic Hospital in Benin City (NOHB), the Edo State. Consequently, the Minister of State for Health and Social Welfare, Dr Tunji Alausa, has presented a letter of appointment to Ugbodaga at the headquarters of the Federal Ministry of Health in Abuja. It would be recalled that the Maxillofacial Surgeon was last year appointed as the Acting Medical Director of the Hospital by the immediate past Minister of State for Health, Hon Joseph Ekumankama, and…
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May
04
2024
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By Abia ThinkTank
Nigerians Hoarding 94% Cash – CBN

Nigerians Hoarding 94% Cash – CBN

CBN/Commercial Banking, Economy, FGN, News Flash
Nigerians Hoarding 94% Cash – CBN Nigerians are holding onto cash at an unprecedented rate, with a staggering 94 percent of the country’s currency outside the banking system. This trend was revealed by the Central Bank of Nigeria’s (CBN) in its latest March, 2024 Money and Statistics data. The figures paints a concerning picture of declining trust in the banking system and potential risks to the nation’s economic growth. According to the data on the CBN website, the amount of physical money M1 in circulation has skyrocketed compared to the previous year. In January 2024, it stood at N3.65 trillion,…
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May
03
2024
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By Abia ThinkTank
ASUU Begins Indefinite Strike

ASUU Begins Indefinite Strike

Abuja, Education, FGN, News Flash
The University of Abuja branch of the Academic Staff Union of Universities has begun an indefinite strike to draw attention to developments bordering the union. The union announced its decision to embark on the strike on Thursday at the end of its congress, held at the Permanent Site of the institution. Members of the UniAbuja ASUU have been at loggerheads with the outgoing Vice-Chancellor, Prof. Abdulrasheed Na’allah and the Minister of Education, Prof. Tahir Mamman over the processes for the appointment of a new VC. An advertorial that surfaced in a national daily on March 15, 2024, sought a replacement…
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May
03
2024
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By Abia ThinkTank
Tinubu Created A Mess In 2023, 97% Of Companies Can’t Pay Dividends – Dangote

Tinubu Created A Mess In 2023, 97% Of Companies Can’t Pay Dividends – Dangote

Business, Economy, FGN, News Flash
Tinubu Created A Mess In 2023, 97 Per Cent Of Companies Can’t Pay Dividends – Dangote The floating of the naira by President Bola Tinubu’s administration has been described by the Chairman of Dangote Industries Limited, Aliko Dangote as the biggest mess that affected his company and other business owners in 2023. According to Sahara Reporters, the remark was made by Dangote on Tuesday at the Annual General Meeting of Dangote Sugar Refinery Plc. According to Dangote, many businesses were affected by the policy adding that several manufacturing enterprises were impacted and suffered operational losses due to variations in the…
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May
02
2024
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By Abia ThinkTank
FG Begins Payment Of N2.75bn Compensation On Lagos-Calabar Coastal Highway -Umahi

FG Begins Payment Of N2.75bn Compensation On Lagos-Calabar Coastal Highway -Umahi

FGN, News Flash, Works
FG Begins Payment Of N2.75bn Compensation On Lagos-Calabar Coastal Highway — Umahi Minister of Works, Dave Umahi, presenting cheques to some property owners along the Lagos-Calabar coastal highway in Lagos on Wednesday, May 1, 2024. The Federal Government on Wednesday commenced compensation of people who own buildings and structures affected by the construction of the 700-km Lagos-Calabar Coastal Highway. The Minister of Works, Dave Umahi, who disclosed this at a stakeholders’ meeting in Lagos, said the government is commencing the payment worth N2.75 billion spanning channel 0 to 3 today. “I wish to flag off the compensation from channel 0…
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