News Flash

Dec
18
2024
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By Abia ThinkTank
Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-Only Transactions

Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-Only Transactions

CBN/Commercial Banking, FGN, National Assembly, News Flash
Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-only Transactions A new bill aimed at banning the use of foreign currencies, including the US Dollar and British Pound Sterling, for domestic transactions in Nigeria has passed its first reading in the Senate. The bill, titled “A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters,” was introduced by Senator Ned Nwoko, Chairman of the Senate Committee on Reparations and Repatriation. The proposed legislation seeks to make the Naira the…
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Dec
18
2024
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By Abia ThinkTank
Debt Servicing To Gulp N15.8Trn In President Tinubu’s 2025 Budget Proposal

Debt Servicing To Gulp N15.8Trn In President Tinubu’s 2025 Budget Proposal

Economy, FGN, News Flash, Politics, Presidency
Debt Servicing To Gulp N15.8Trn As Tinubu Presents 2025 Budget A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in the N47.9 trillion budget presented by the President on Wednesday. The President disclosed this while giving a highlight of the Budget proposal before the National Assembly. He stated that Defence/Security was allocated N4.91 trillion; Infrastructure was allocated N4.06 trillion; Health N2.4 trillion health while Education gets N3.5 trillion. According to the President,…
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Dec
18
2024
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By Abia ThinkTank
Security, Infrastructure, Education Top President Tinubu’s 2025 N47.9 Trillion Budget Proposal

Security, Infrastructure, Education Top President Tinubu’s 2025 N47.9 Trillion Budget Proposal

Economy, FGN, News Flash, Politics, Presidency
Security, Infrastructure, Education Top Tinubu’s 2025 N47.9 Trillion Budget Proposal Security and defence, infrastructure, health and education were some of the sectors with high allocations in the N47.9tn Budget Proposal presented by President Bola Tinubu before a joint session of the National Assembly on Wednesday afternoon. “It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Resurrection Budget’ security peace, building prosperity,” Tinubu said as he concluded his speech at 1:10pm on Wednesday. Earlier in his presentation, the President listed some of…
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Dec
18
2024
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By Abia ThinkTank
Edo State House Of Assembly Suspends All LG Chairmen, Vice Chairmen For Defying Governor

Edo State House Of Assembly Suspends All LG Chairmen, Vice Chairmen For Defying Governor

House Of Assembly, News Flash, Politics
House Of Assembly Suspends All LG Chairmen, Vice Chairmen For Defying Governor The Edo State House of Assembly has suspended the chairmen and vice chairmen of the 18 local government councils for two months, following allegations of insubordination to Governor Monday Okpebholo. The suspension followed a petition from the governor, accusing the council leaders of refusing to submit their financial records to the state government. Okpebholo described the chairmen’s actions as acts of insubordination and gross misconduct, prompting his request for the Assembly to address the matter. When the issue was raised for debate, Mr. Isibor Adeh, representing Esan North…
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Dec
18
2024
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By Abia ThinkTank
CBN Sets Daily Withdrawal Limit On POS To N100k Per Customer

CBN Sets Daily Withdrawal Limit On POS To N100k Per Customer

CBN/Commercial Banking, Economy, News Flash
CBN Sets Daily Withdrawal Limit On POS To N100k Per Customer The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. This was contained in a circular to all deposit money banks (DMBs), microfinance Banks, mobile money operators and super-agents, titled ‘Cash-out limits for agent banking transactions,’. The apex bank of Nigeria, CBN, said the restriction is in line with the apex bank’s ongoing efforts to advance a cash-less economy. CBN had announced a fine of ₦150 million on Deposit Money Banks found guilty of giving out illegal flow of…
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Dec
18
2024
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By Abia ThinkTank
Ghana’s President – Elect John Mahama Meets Tinubu At Presidential Villa

Ghana’s President – Elect John Mahama Meets Tinubu At Presidential Villa

FGN, News Flash, Politics, Presidency
Ghana’s President-Elect John Mahama Meets Tinubu At Presidential Villa The president-elect of Ghana, His Excellency John Dramani Mahama met with President Bola Tinubu in Abuja, Nigeria’s capital city. Mahama who is on a courtesy visit to Nigeria met President Tinubu in his residence at the Presidential Villa on Monday, December 16. This was disclosed in a post shared on X, Olusegun Dada, the special assistant to the president on social media. Dada said, “President-Elect of Ghana, H.E John Dramani Mahama paid a courtesy visit to President Tinubu at his residence, Presidential Villa, State House Yesterday.” The post was made alongside…
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Dec
18
2024
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By Abia ThinkTank
ON A HIGHER PLANE: Being Gov. Otti’s Speech At The Flag Off Of The ABIA Airport Project

ON A HIGHER PLANE: Being Gov. Otti’s Speech At The Flag Off Of The ABIA Airport Project

Abia State, Good Governance, News Flash, Transportation
ON A HIGHER PLANE Being the Text of an Address Presented by Governor Alex C. Otti, OFR, at the Flag off of the Abia Airport Project on Tuesday, December 17, 2024, at the Ubaha Community School, NsuluProtocols, Leadership is about making the most of the regular and special opportunities that come our way to drive new possibilities. We made a commitment that under our watch; Abia will never let any promising opportunity slip by. Whether it is collaborating with multilateral partners, Federal Government and its agencies, sister states, business organisations and individuals who have something of value to offer us,…
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Dec
17
2024
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By Abia ThinkTank
I Run An Open Door Policy, No One Dictates For Me – Governor Otti

I Run An Open Door Policy, No One Dictates For Me – Governor Otti

Abia State, Good Governance, News Flash, People & Events
I RUN AN OPEN DOOR POLICY, NO ONE DICTATES FOR ME - GOVERNOR OTTI. Abia State Governor, his Excellency Dr. Alex Otti, OFR, has said that he has no godfather who dictates for him how to run his government but maintains an open door policy where he listens to suggestions and apply the ones he considers sensible. Gov. Otti stated this on Sunday December 15th at St. James Methodist Church, Umuda, Isingwu in Umuahia North LGA of the State when he alongside his wife Her Excellency, Mrs. Priscilla Chidimma Otti, despite political party differences attended the thanks giving service of…
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Dec
16
2024
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By Abia ThinkTank
Police Get 11 New AIGs, 16 Commissioners In A Major Shake Up

Police Get 11 New AIGs, 16 Commissioners In A Major Shake Up

Security, News Flash
Major Shake-up As Police Get 11 New AIGs, 16 Commissioners The Police Service Commission (PSC) on Monday approved the promotion of 27 senior Police Officers comprising 11 Commissioners of Police to the next rank of Assistant Inspectors General (AIGs) of Police and 16 Deputy Commissioners of Police to the substantive rank of Commissioners of Police. The newly promoted Officers were in the Corporate Headquarters of the Commission on Monday, December 16th, where they went through both written and oral examinations. PSC Chairman, DIG Hashimu Argungu rtd, said both written and oral examinations would henceforth be a prerequisite for promotion in…
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Dec
16
2024
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By Abia ThinkTank
Benin Republic Electoral Officials Visit INEC ‘To Learn From Nigeria’

Benin Republic Electoral Officials Visit INEC ‘To Learn From Nigeria’

Foreign Affairs, News Flash, Politics
Benin Republic Electoral Officials Visit INEC ‘To Learn From Nigeria’ A 12-member delegation from Benin Republic’s Autonomous National Electoral Commission (CENA) has visited the Independent National Electoral Commission (INEC) on a study tour. The delegation, led by Sacca Lafia, CENA president, included national commissioners, directors, and senior staff. They were received on Monday by Mahmood Yakubu, INEC chairman, alongside other commission members at INEC headquarters in Abuja. The visit, according to Lafia, was aimed at learning from Nigeria’s electoral processes and best practices as Benin Republic prepares for its upcoming 2026 elections. Speaking at the event, Yakubu highlighted the significance…
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