News Flash - Abia ThinkTank News

Jun

2024

FX Gain Now Major Source Of FAAC Revenue – Report

CBN/Commercial Banking, Economy, News Flash

FX Gain Now Major Source Of FAAC Revenue – Report A think-tank organisation, Agora Policy, has stated that foreign exchange gains have become a major source of revenue for the Federation Account Allocation Committee. In the report titled “How Exchange Gain Became a Major Source of Federation Revenue”, Agora Policy said the exchange gain saw an increase after the unification of the foreign exchange market. Exchange gain represents the difference between the exchange rate projected in the budget and the actual rate at which applicable revenue streams are converted at FAAC. The organisation stated exchange gain had been a feature…

Jun

2024

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By Abia ThinkTank

Gov Otti On Morale Boosting Tour, Assures Army Of Continuous Support, Pleads For Innocent Suspects

Abia State, Good Governance, News Flash, Security

GOV OTTI ON MORALE BOOSTING TOUR, ASSURES ARMY OF CONTINUED SUPPORT, PLEADS FOR INNOCENT SUSPECTS Abia State Governor, Dr. Alex Otti, OFR, continued his morale boosting shuttle for the officers and men of the Nigeria Army on Thursday with a visit to the 144 Battalion Osisioma, Abayi, near Aba. Governor Otti's visit to the army formation followed his visit last Saturday to the 144 Battalion Asa, where he commiserated with the officers there as well as paid condolences to the wives of the deceased soldiers, who were killed by yet-to-be-identified gunmen on May 30 at Obikabia. The Governor, who was…

Jun

2024

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By Abia ThinkTank

FGN, Labour Bicker Over N62,000 Proposed Minimum Wage

FGN, Labour, News Flash

FG, Labour Bicker Over N62,000 Proposed Minimum Wage New figures from the national minimum wage tripartite committee have emerged as the Federal government and organised private sector made a new offer of N62,000, while organised labour came down to N250,000 from its previous figure of N497,000. Hope Uzodinma, the Imo Governor who spoke on behalf of the Nigerian governors announced this after a long negotiation meeting of the committee in Abuja Saturday evening. Addressing newsmen, Uzodinma said: “We are almost there because are just about to sign the dot and there will be a complete closure. Every other thing will…

Jun

2024

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By Abia ThinkTank

Suspected Terrorists Behead 20 Youths

Crime, News Flash, Security

Suspected Terrorists Behead 20 Youths No fewer than twenty people have been killed by suspected terrorists when they invaded the Bassa community in Shiroro local government area of Niger state. It was learnt that those who were killed were young men between the ages of 20 years to 35 years living in the community. Sources told The Nation that the terrorists who were numbered over 50 were heavily armed with sophisticated weapons and operated freely during the attack which occured between 3 pm to 7pm. It was also learnt that after beheading the victims, the gunmen asked the members of…

Jun

2024

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By Abia ThinkTank

Tribunal Fines Multichoice N150m, Order Free One-month DSTV, Gotv Subscriptions

Business, Judiciary, News Flash

Tribunal Fines Multichoice N150m, Order Free One-month DStv, Gotv Subscriptions Pan television service provider, Multichoice Nig. Ltd has been fined N150 million by the Competition and Consumer Protection Tribunal (CCPT) for disobeying its order on subscription rates hike for DStv and Gotv packages. The tribunal, sitting in Abuja, also ordered the PayTv operator to give a one-month free subscription to all its Nigerian subscribers on the DStv and Gotv platforms, for flouting its order. The three-member tribunal chaired by Thomas Okosun in a ruling, found Multichoice culpable of contempt, by flouting its earlier order restraining the PayTv operator from implementing…

Jun

2024

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By Abia ThinkTank

Strike: NLC Fires Secretary To The Govt, George Akume

FGN, Economy, Labour, News Flash

(Strike): NLC Fires Secretary To The Govt, George Akume Nigeria Labour Congress has berated the Secretary to the Government of the Federation, George Akume, for terming Monday’s nationwide strike by organised labour as a “treasonable felony and economic sabotage.” While rejecting the SGF’s insinuations, the NLC said the former Benue State Governor’s utterances exposed his personality. In a statement by its Head, Information and Public Affairs, Benson Upah, NLC argued that “Those who loot our treasury around the country, those who divert public resources meant for hospitals and schools; those who are involved in foreign exchange round-tripping; padding of budgets…

Jun

2024

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By Abia ThinkTank

N60,000 Minimum Wage Too High, Not Sustainable – Governors Reject Proposal

Columns/Opinions/Letters, Economy, News Flash

N60,000 Minimum Wage Too High, Not Sustainable – Governors Reject Proposal Governors under the aegis of the Nigerian Governors Forum have rejected the proposed N60,000 minimum wage for Nigerian workers. In a statement issued on Friday by the Director of Media and Public Affairs for NGF, Halimah Salihu Ahmed, the governors said the proposed minimum wage is too high and not sustainable. NGF expressed concerns that if the N60,000 minimum wage is adopted, many states would allocate their entire Federal Account Allocation Committee funds to salaries, leaving no resources for development projects. The statement read in part, “The Nigeria Governors’…

Jun

2024

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By Abia ThinkTank

PSC Appoints Abubakar As DIG, Promotes 122 Other Senior Officers

Crime, FGN, News Flash, Security

PSC Appoints Abubakar As DIG, Promotes 122 Other Senior Officers The Police Service Commission (PSC) has approved the appointment of Mr Yahaya Abubakar as Deputy Inspector-General of Police (DIG), and the promotion of 122 senior police officers. The Head of Press and Public Relations of PSC, Mr Ikechukwu Ani, said this in a statement on Friday in Abuja. Ani said until his appointment as a DIG, Abubakar was the AIG in charge of Zone 14 Katsina. He said the new DIG would represent the Northeast Geopolitical zone in the Police Management Team, replacing Mr Habu Sani who recently retired as…

Jun

2024

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By Abia ThinkTank

Tinubu Administration Diverting Funds Through Secret Petrol Subsidy

FGN, Columns/Opinions/Letters, News Flash, Oil & Gas

Tinubu Administration Diverting Funds Through Secret Petrol Subsidy – Atiku The Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has accused the Bola Tinubu administration of diverting public funds through petrol subsidy, hence the refusal of the government to reveal how much is being spent on subsidy. Atiku said this in a statement on Thursday in reaction to a statement from the presidency. The former vice president said the clandestine subsidy regime was one of the reasons investments in the oil sector had refused to come in. He said, “Tinubu has brought the shady…

Jun

2024

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By Abia ThinkTank

Gov Otti Receives Chief Of Air Staff, Air Marshal Abubakar, As Nigeria Air Force Moves To Set Up Base In Aba

Abia State, Good Governance, News Flash, Security

GOV OTTI RECEIVES CHIEF OF AIR STAFF, AIR MARSHAL ABUBAKAR, AS NIGERIA AIR FORCE MOVES TO SET UP BASE IN ABIA Abia State Governor, Dr. Alex Otti, OFR, has welcomed the decision by the Nigerian Air Force (NAF) to set up an operational base in the State, promising to give the Force all the support it needs to take off. Governor Otti said the move by the Air Force to establish a base in Abia could not have come at a better time than now that the Federal Government had put machinery in motion to build an airstrip in the…