News Flash - Abia ThinkTank News

Apr

2024

Gov Otti Greets Muslims On Eid El-Fitr Celebration

GOV OTTI GREETS MUSLIMS ON EID EL-FITR CELEBRATION Abia State Governor, Dr. Alex Otti, OFR, has congratulated the Muslim community in the State and the country at large as the world marks this year's Eid el-Fitr celebration. Governor Otti commended the Muslim faithful on the fortitude and self discipline they exhibited as they religiously observed the Ramadan period of fasting and prayers, culminating in the celebration of this year’s Eid el-Fitr festival. The Governor, in a statement issued from his office, said he was optimistic that the Muslim community in Abia, and indeed Nigeria, had used the opportunity of the…

Apr

2024

0 Comments

By Abia ThinkTank

CBN Sacks 8 Directors, 32 Others

CBN/Commercial Banking, Labour, News Flash

CBN Sacks 8 Directors, 32 Others The Central Bank of Nigeria (CBN) has reportedly terminated the employment of another batch of 40 staff members, primarily from the development finance department (DFD), according to Daily Trust. Details regarding the affected individuals are limited due to the late release of the termination letters. However, it was confirmed that Musa Zgabawa Bulus, an Assistant Director heading the National Collateral Registry (NCR) within the CBN, was among those affected. The NCR, an initiative aimed at enhancing access to finance for Nano, Micro, Small and Medium Enterprises (MSMEs) by leveraging movable assets, falls under the…

Apr

2024

0 Comments

By Abia ThinkTank

Lagos Court Orders Remand Of Emefiele In EFCC Custody

Crime, CBN/Commercial Banking, News Flash

Lagos Court Orders Remand Of Emefiele In EFCC Custody The Ikeja High Court in Lagos State has ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele in the custody of the Economic and Financial Crimes Commission (EFCC). He is to be remanded till the next adjourned date, Thursday, April 11 when the court will give its ruling on bail. Justice Rahman Oshodi also ordered the remand of Emefiele’s co-defendant Henry Omoile at the Kirikiri Prison pending the court’s ruling on his bail on Thursday. The court ordered the remand of both men after…

Apr

2024

0 Comments

By Abia ThinkTank

Oil Marketers Propose N550/Litre Price To Dangote

Business, Economy, News Flash, Oil & Gas

Oil Marketers Propose N550/litre Price To Dangote As the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations Nationwide Dangote Refinery, which can refine 650,000 barrels per day, bpd of crude oil, intends to commence production and distribution of the product, the bulk of which is currently imported from the global market, in May 2024. Checks by Vanguard, weekend, indicated that the parties have been meeting and exchanging notes on the pricing,…

Apr

2024

0 Comments

By Abia ThinkTank

EFCC Recovers N30 Billion, Investigates 50 Bank Accounts In Probe Of Betta Edu

Crime, News Flash

EFCC Recovers N30 Billion, Investigates 50 Bank Accounts In Probe Of Betta Edu, Others The Economic and Financial Crimes Commission (EFCC) has made significant progress in its ongoing probe of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and others involved in the National Social Investment Programme Authority (NSIPA). According to Ola Olukoyede, the executive chairman of EFCC, the agency has recovered N30 billion for the Federal Government and has placed 50 bank accounts under investigation in connection with the case. Edu and the former CEO of NSIPA, Halima Shehu, were suspended about three months ago by…

Apr

2024

0 Comments

By Abia ThinkTank

CBN Stops Use Of Foreign Currencies As Collateral For Naira Loan

CBN/Commercial Banking, Economy, News Flash

CBN Stops Use Of Foreign Currencies As Collateral For Naira Loan The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disclosed this in a circular uploaded to its website on Monday. The CBN however exempted from the ban Eurobonds issued by the Federal Government of Nigeria or Guarantees of foreign banks, including Standby Letters of Credit. Announcing the ban in a circular titled, “The Use of Foreign-Currency Denominated Collaterals for Naira Loans”, Director, Banking Supervision Department, CBN, Dr. Adetona Adedeji, said: “The Central Bank…

Apr

2024

0 Comments

By Abia ThinkTank

Obaseki Picks 38-Year-Old Engineer As His New Deputy

News Flash, Politics

Obaseki Picks 38-Year-Old Engineer As New Edo Deputy Governor Governor Godwin Obaseki has appointed Omobayo Marvellous Godwins, a 38-year-old Engineer, as his deputy. This follows the removal of Comrade Philip Shaibu as Edo Deputy Governor. The impeachment followed the adoption of the report of the seven-man investigative panel set up by the Assembly to probe allegations of misconduct against Shaibu The impeachment followed the adoption of the report of the seven-man investigative panel set up by the Assembly to probe allegations of misconduct against Shaibu.

Apr

2024

0 Comments

By Abia ThinkTank

Things To Know About Monday’s Total Solar Eclipse

Columns/Opinions/Letters, Environment, Information Technology, News Flash, World News

Things To Know About Monday’s Total Solar Eclipse When a rare total solar eclipse sweeps across North America on Monday, scientists will be able to gather invaluable data on everything from the Sun’s atmosphere to strange animal behaviors — and even possible effects on humans. It comes with the Sun near the peak of its 11-year solar cycle, setting the stage for a breathtaking display: The corona will glow spectacularly from the Moon’s silhouette along the path of totality, a corridor stretching from Mexico to Canada via the United States. Total solar eclipses offer “incredible scientific opportunities,” NASA Deputy Administrator…

Apr

2024

0 Comments

By Abia ThinkTank

Nigeria Police Emerge Best At US Training Program In Jordan

FGN, International, News Flash, Security, World News

Nigeria Police Emerge Best At US Training Programme In Jordan Officers of the Nigeria Police Force (NPF) have excelled and emerged the best at the just-concluded US Special Program for Embassy Augmentation Response (SPEAR) team mission at Amman, Jordan. The training, which commenced on March 10, 2024, and concluded on April 3, 2024, was designed to enhance the team’s skills in responding to various emergencies and tactical situations. The programme was conducted by the US Navy Seals and covered a wide range of topics, including several tactical drills and assessments, ensuring a well-rounded and thorough learning experience. Speaking at the…

Apr

2024

0 Comments

By Abia ThinkTank

Israel Pulls Troops Out Of Southern Gaza

International, News Flash, War, World News

Israel Pulls Troops Out Of Southern Gaza Israel on Sunday pulled all its troops out of southern Gaza, including from the city of Khan Yunis, the military and Israeli media said, after months of fierce fighting with Hamas militants left the area devastated. But the military, known as the IDF, said a “significant force” will continue to operate in the rest of the besieged Gaza Strip. “The 98th commando division has concluded its mission in Khan Yunis,” the army said in a statement to AFP. “The division left the Gaza Strip in order to recuperate and prepare for future operations.…