News Flash - Abia ThinkTank News

Apr

09

2024

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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

09

2024

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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

08

2024

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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

08

2024

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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

08

2024

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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.…

Apr

08

2024

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By Abia ThinkTank

Nigerian Serving Lawmaker Dies At 59

House Of Assembly, News Flash, Obituary

Serving Nigerian Lawmaker Dies At 59 A member of the Kano State House of Assembly, Halilu Kundila, is dead. Kundila, a member of the All Progressives Congress representing the Shanono/Bagwai State Constituency, died on Saturday at the age of 59. A family source who confirmed the death said that the lawmaker died at his residence on Saturday night following a brief illness. According to the source, the funeral prayer for the deceased lawmaker was held on Sunday morning at Kundila in the Shanono Local Government Area of the state. “The lawmaker died on Saturday night after a brief illness and…

Apr

08

2024

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By Abia ThinkTank

You’re Free To Leave Labour Party – NLC Tells Peter Obi

Columns/Opinions/Letters, News Flash, Politics

You’re Free To Leave Labour Party — NLC Tells Peter Obi The Nigeria Labour Congress has told the presidential candidate of the Labour Party that he is free to leave the party The spokesman of NLC, Benson Upah disclosed this in an interview with Punch on Sunday. The leadership of the NLC vowed not to rest until it unseat Julius Abure as national chairman of the Labour Party. Upah said despite the ‘illegal’ national convention that returned Abure to office, the union would never confer legitimacy or give recognition to his leadership. He said, “Our position on this matter is…

Apr

08

2024

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By Abia ThinkTank

Air Peace Aircraft Named Ojochide, Reflects Cultural Harmony – Mgt

Business, Columns/Opinions/Letters, News Flash, Transportation

✈️🛫🛬🛩️AIR PEACE AIRCRAFT NAMED OJOCHIDE! REFLECTS CULTURAL HARMONY Airpeace, a renowned Nigerian airline🌍, named some of its aircraft "Ojochide." The word "Ojochide" is derived from the Igala language, spoken by the Igala people of Kogi State, Nigeria. In Igala, "Ojochide" means "God is my guardian or protector." The CEO of Airpeace, Chief Allen, hails from Anambra State, while his wife Alice Ojochida Onyema is from the Igala community in Kogi State. Their union symbolizes the coming together of different cultures and backgrounds. Copied ✍️✍️✍️✍️

Apr

08

2024

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By Abia ThinkTank

Army Dismisses Allegations Of Bias In Trial Of Soldiers

Crime, News Flash, Security

Army Dismisses Allegation Of Bias In Trial Of Soldiers The Nigerian Army has dismissed allegation of ethnic bias in the trial of soldiers recently arraigned before a Court Martial in 82 Division, Enugu. This is contained in a statement in Abuja on Saturday, by Maj.-Gen. Onyema Nwachukwu, Director, Army Public Relations. Nwachukwu said that the Nigerian army was a composite national institution and not an ethnic militia. He was reacting to a media report that there was a deliberate effort to convict soldiers of Southern extraction, while those from Northern Nigeria were allowed to go free. He said the report…

Apr

07

2024

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FGN Declares 2-Days Public Holiday For Eid-el-Fitr Celebration

Abuja, News Flash, Religion

FG Declares 2-Days Public Holiday For Eid-el-Fitr Celebration The Federal Government has declared Tuesday and Wednesday, April 9 and 10, 2024, as public holidays to mark the Eid-el-Fitr celebration The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this in a statement on Sunday by the ministry’s permanent secretary, Aishetu Ndayako. The minister congratulated all Muslims for the successful completion of the fasting in the holy month of Ramadan. Tunji-Ojo called on them to imbibe and practise the virtues that entail kindness, love, tolerance, peace, good neighbourliness, and compassion, as exemplified by the Holy Prophet Muhammad (Peace be upon Him) The statement…