News Flash - Abia ThinkTank News

Oct

2024

Nigeria’s Foreign Reserves Increase To $39 Billion In October – Cardoso

CBN/Commercial Banking, Economy, News Flash

Nigeria’s Foreign Reserves Rose To $39 Billion In October – Cardoso Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country’s foreign reserves rose by 12.74 percent to $39.12 billion as of October 11. Cardoso spoke on Tuesday when he appeared before the house of representatives committee on banking regulation. The CBN governor said the country’s reserves stood at $34.70 billion at the end of June. Data from the apex bank had showed that foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. Cardoso said the nation’s foreign exchange…

Oct

2024

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By Abia ThinkTank

Anambra State Governor Signs Bill To Deduct Funds From LGA Allocations, Says Full Autonomy Will Lead To Chaos

House Of Assembly, News Flash, Politics

Governor Signs Bill To Deduct Funds From LG Allocations, Says Full Autonomy Will Lead To Chaos Anambra State Governor, Prof. Chukwuma Soludo, has said that granting full autonomy to Nigeria’s 774 local government areas could lead to “humongous chaos” and hinder sustainable development. Governor Soludo made this statement on Tuesday at the Governor’s Lodge in Amawbia, Awka, after signing the Anambra State Local Government Administration Law, titled “Anambra Local Government Administration Law 2024.” The law was passed by the State House of Assembly last Thursday. Soludo argued that absolute autonomy for local government areas is impossible and would create chaos…

Oct

2024

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By Abia ThinkTank

Pro-Fubara Lawmakers Reacts To Declaration Of Vacant Seat By Amaewhule, Others

Columns/Opinions/Letters, House Of Assembly, News Flash, Politics

Pro-Fubara Lawmakers Reacts To Declaration Of Vacant Seat By Amaewhule, Others The crisis in the Rivers State House of Assembly has taken a dramatic turn as the Victor Oko-Jumbo-led Assembly reaffirmed its stance that the legislative seats of factional Speaker Martin Amaewhule and 24 others remain vacant. This development comes after the Amaewhule-led Assembly declared the seats of Chief of Staff to Governor Siminalayi Fubara, Edison Ehie, and three other pro-Fubara lawmakers vacant, citing their absence from sittings for 152 days. Amaewhule stated that Ehie failed to properly notify the House of his new office, leading to the declaration of…

Oct

2024

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By Abia ThinkTank

Yoruba Nation: FGN Speaks On Sunday Igboho’s Petition To United Kingdom.

FGN, Columns/Opinions/Letters, News Flash, Politics

Yoruba Nation: FG Speaks On Sunday Igboho’s Petition To UK The Federal Government has said the petition by Yoruba nation agitator, Mr Sunday Adeyemo, popularly known as “Sunday Igboho”, calling on the United Kingdom to consider the Yoruba nation was not endorsed by the UK government. The spokesperson for the Ministry of Foreign Affairs, Ambassador Eche Abu-Obe, in a statement in Abuja on Tuesday, said media reports on the petition “were highly misleading.” He explained that “Following media reports on the petition submitted at No. 10 Downing Street by Mr Sunday Adeyemo popularly known as Sunday Igboho, the British High…

Oct

2024

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By Abia ThinkTank

2027: ‘Obi Now Voice Of Opposition Not Atiku’ – Ayo Fayose

Columns/Opinions/Letters, News Flash, Politics

2027: ‘Obi Now Voice Of Opposition Not Atiku’ – Ayo Fayose Former Ekiti Governor, Ayodele Fayose, has declared that the Peoples Democratic Party (PDP) is in disarray, rendering it ineffective as an opposition force. In an interview on Channels TV Sunday, Fayose stated that Peter Obi, the Labour Party’s presidential candidate, has become the voice of the opposition, surpassing PDP’s Atiku Abubakar. “PDP members no longer have a party,” Fayose lamented, citing the party’s leadership crisis. “We can’t defeat the APC without a unified party.” Fayose urged Atiku to reconsider his political ambitions, advising him to stop contesting elections. “The…

Oct

2024

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By Abia ThinkTank

Rivers Assembly Declares Pro-Fubara Lawmakers’ Seats Vacant

Columns/Opinions/Letters, House Of Assembly, News Flash, Politics

Rivers Assembly Declares Pro-Fubara Lawmakers’ Seats Vacant The Rivers State House of Assembly led by Martin Amaewhule has declared the seats of Edison Ehie, the Chief of Staff to Governor Siminalayi Fubara, and three other pro-Fubara lawmakers vacant following their absence from sittings for 152 days. Making this known during plenary today, Speaker Martin Amaewhule pointed out that Ehie did not properly write to inform the house of his new office, and as such his seat has been declared vacant. Regarding Victor Oko-Jumbo and the two others, the House held three separate votes to declare their seats vacant for absenteeism…

Oct

2024

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By Abia ThinkTank

Lighting The Way: Governor Otti’s Power Initiative – By Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Good Governance, News Flash

Lighting the Way: Governor Otti's Power Initiative My dear fellow citizens of Abia State, Today, I stand before you to address a critical issue that affects us all: the persistent power outages and exorbitant electricity costs that plague our beloved state as well. We've all suffered through the sixth national grid collapse this year, leaving our homes, businesses, and communities in darkness. The socio-economic impact is staggering, and the struggles of our households are real. But I come to you today with a message of hope. Our dear governor, Dr. Alex Otti, has a vision and is currently working under…

Oct

2024

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By Abia ThinkTank

Dr. Engr. Odo Ijere calls for the immediate sack of all the mayors to avoid political crises

Abia State, Columns/Opinions/Letters, News Flash, Politics

DECONSTRUCTING THE MAYORS AS NEW ABIA TRADE UNIONISTS. The last may not have been heard of the incumbent mayors in Abia State amid their new sinister dance steps signifying their readiness to revolt against the system that brought them about. Feelers tapping on some dissonant tendencies by most of the mayors are pointing to a conspiracy to sit tight beyond their tenures in a fit of revolt or failing which the entire superstructure may very well come toppling down. The mayors have tasted power enough to feel the pulsating flex of it and are not about relinquishing it's hold and…

Oct

2024

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By Abia ThinkTank

Introducing: All Christians Businessmen Fellowship International(ACBMFI) – World’s Foremost Inter-Denominational Entity

International, News Flash, Religion

ABOUT US:All Christians Businessmen Fellowship International (ACBMFI) is one of the world's foremost inter-denominational entity and body of highly placed, eminent, and resourceful Christian Businessmen and Professionals. It serves as an intercessory prayer network and a coalition of frontline evangelists, empowered in line with the word of God:"And God blessed them, and said unto them, "Be fruitful, and multiply, and replenish the earth, and subdue it:…"( Genesis 1:28 )"And he said unto them, Go ye into all the world, and preach the gospel to every creature"( Mark 16:15).Our mission is to promote good societal values and the right ideals within…

Oct

2024

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By Abia ThinkTank

15-Year-Old Student Sues Education Ministry, JAMB, NUC Over New Admission Policy

Education, FGN, News Flash

15-Year-Old Student Sues Education Ministry, JAMB, NUC Over New Admission Policy Master Chinaemere Opara, has sued the Federal Ministry of Education, the Joint Admissions and Matriculation Board (JAMB) and the National Universities Commission (NUC) over the introduction of the new admission policy. Opara, a 15-year-old Senior Secondary School (SSS) Student, filed the suit through his guardian, Mr Maxwell Opara, his father and a lawyer, at the Federal High Court in Abuja on Monday. The News Agency of Nigeria (NAN) reports that in the originating motion marked: FHC/ABJ/CS/1512/2024 dated Sept. 30 and filed Oct. 14 by Wayne Elijah, the SS 2…