Business - Abia ThinkTank News

Apr

2026

Dangote’s Net Worth Hits $34 Billion, Gains $216 Million In A Day

Dangote’s Net Worth Hits $34 Billion, Gains $216 Million In A Day Aliko Dangote, Africa’s richest man, has seen his net worth rise to $34 billion, according to the latest update on the Bloomberg Billionaires Index, reflecting continued valuation gains across his industrial empire. The increase represents a $216 million daily gain (+0.6%) and brings his year-to-date wealth growth to $34 billion, or 13.3%, showing sustained investor confidence in assets tied to his conglomerate, Dangote Industries. The latest valuation places the Nigerian industrialist firmly at the top of Africa’s wealth rankings, driven largely by the performance of his core holdings…

Mar

2026

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By Abia ThinkTank

We Are Hungry To Harness The Full Potential Of Abia State – Gov Otti, As He Welcomes Zenco Group To Abia

Abia State, Business, Economy, Good Governance, News Flash

WE ARE HUNGRY TO HARNESS THE FULL POTENTIAL OF ABIA STATE - GOV. OTTI, AS HE WELCOMES ZENCO GROUP TO ABIA. Abia State Governor, Dr Alex Otti, OFR, says his administration is hungry to see that Abia's potential is fully harnessed, hence, will continue to create conducive environment for investors and businesses in Abia State. Governor Otti stated this in his Office when he received in audience a delegation of Zenco Group led by its Chief Executive Officer, Chief Cletus Oragwa to see things for themselves and explore possible areas of investment. Gov. Otti reiterated that Abia State is open…

Mar

2026

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By Abia ThinkTank

Umunneochi LGA Chairman, Mayor Afurobi Hosts Amb. Osita Offor, Yutong China, In Drive For Historic Industialization Initiative In Abia State

Abia North, Abia State, Business, News Flash, Transportation

Umunneochi LGA Chairman, Mayor Afurobi Hosts Amb. Osita Offor, Yutong China, in Drive for Historic Industrialization Initiative in Abia State In a groundbreaking move set to transform the industrial landscape of Abia State, Chief Mayor Afurobi, Chairman of Umunneochi Local Government Area, played host to a high-powered delegation from Yutong, one of the world’s leading industrial conglomerates, at his office, marking a historic milestone for the community and the state. The visit, which also featured Ambassador Dr. Osita Offor, leader of the United Abia Artistes and Patriots (UAAP) Forum, fondly known as “De Ultimate Commander” (Ikenga Gburugburu), underscored the strategic…

Mar

2026

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By Abia ThinkTank

Billionaire Watch: Why Igbos Are Rarely On The Forbes List

Business, Columns/Opinions/Letters, Economy

Billionaire Watch: Why Igbos Are Rarely On The Forbes List Forbes Magazine recently released its latest Africa Rich List and, as expected, the usual Nigerian heavyweights featured prominently. Leading the pack is Africa’s richest man, Aliko Dangote, with a net worth estimated at $28.5 billion. Abdul Samad Rabiu follows in third place with $11.2 billion. Mike Adenuga ranks sixth with $6.5 billion, while Femi Otedola appears further down the list at number twenty-two with a fortune of $1.3 billion. Out of the twenty-three individuals listed across Africa, Nigerians accounted for four. While the list confirmed Nigeria’s continued presence among Africa’s…

Feb

2026

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By Abia ThinkTank

BemsSoft Revenue Super-Agents: Electrifying The Abia Revenue Space, Strengthening The Frontlines For Effective Delivery

Abia State, Business, News Flash

ELECTRIFYING THE REVENUE SPACE: STRENGTHENING THE FRONTLINE FOR GREATER PERFORMANCEAbia State’s revenue operations have delivered consistent progress through SmartAirs, an enterprise revenue system developed by BemsSoft Hub Ltd. This article highlights how existing efforts are now being deliberately strengthened and scaled by further investing in the frontline operating layer that drives results.Drawing from several years working in public revenue transformation—combined with over 25 years of building technology platforms, SaaS systems, and scalable business operations—one practical insight stands out: technology does not fix revenue systems on its own. Sustainable performance is achieved when platforms are paired with disciplined frontline execution.In public…

Feb

2026

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By Abia ThinkTank

Port Harcourt Refinery Ready To Resume Operations- PENGASSAN

Business, Economy, News Flash, Oil & Gas

Port Harcourt Refinery Ready To Resume Operations — PENGASSAN The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said the old Port Harcourt Refinery has been rehabilitated to about 90 per cent and could resume operations within one week if the Nigerian National Petroleum Company Limited (NNPC Ltd) approves its restart. The PENGASSAN President, Mr Festus Osifo, disclosed this on Tuesday while speaking on Channels Television’s The Morning Brief. His remarks come amid renewed debate over the future of Nigeria’s state-owned refineries, following comments by NNPC Ltd’s Group Chief Executive Officer, Bayo Ojulari, who described the reopening…

Feb

2026

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By Abia ThinkTank

Dangote Refinery Slashes Petrol Price To N774 Per Litre

Business, News Flash, Oil & Gas

Dangote Refinery Slashes Petrol Price To N774 Per Litre Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre in what industry analysts describe as a strategic price recalibration amid evolving market dynamics in 2026. The refinery communicated the price adjustment to marketers on Tuesday, noting that the new rate takes immediate effect. In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE stated, “This is to notify you of a change in our PMS gantry price from N799…

Feb

2026

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By Abia ThinkTank

CAC To Register 3,500 Small Businesses For Free Nationwide

Business, FGN, News Flash

CAC To Register 3,500 Small Businesses For Free Nationwide The Corporate Affairs Commission has announced free business name registration for 3,500 small businesses across Nigeria’s 36 states and the Federal Capital Territory (FCT). The Registrar-General of the Commission, Hussaini Magaji, disclosed this in a post on the commission’s X handle on Monday. According to Magaji, the initiative is aimed at reducing the cost of business formalisation for micro and small enterprises and encouraging more entrepreneurs to operate within the formal economy. He said the move reflects the commission’s commitment to promoting entrepreneurship, lowering start-up costs, and supporting inclusive economic growth…

Feb

2026

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By Abia ThinkTank

2,000 Stranded Trucks Roll Out As Nigeria Reopens Benin, Niger Boarders

Business, Economy, News Flash

2,000 Stranded Trucks Roll Out As Nigeria Reopens Benin, Niger Borders No fewer than 2,000 trucks earlier stranded at Nigeria’s borders with Benin and Niger Republics have begun movement following the reopening of the Kamba and Tsamiya border posts in Kebbi. The News Agency of Nigeria (NAN) reports that the reopening is in line with the directive by President Bola Ahmed Tinubu. The Kebbi Area Controller of the Nigeria Customs Service (NCS), Mahmoud Matawalle-Ibrahim, officially opened the borders to trucks from Benin and Niger on Monday in Kamba, Dandi Local Government Area of the state. He said, “The reopening of…

Feb

2026

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By Abia ThinkTank

CAC Wipes Out 400,000 Firms As It Cleans Up Company Register

Business, FGN, News Flash

CAC Wipes Out 400,000 Firms As It Cleans Up Company Register The Corporate Affairs Commission (CAC) has deregistered over 400,000 companies in 2025 over prolonged inactivity and failure to meet statutory requirements, in a move to sanitise the country’s corporate register. Registrar-General of the commission, Mr Hussaini Magaji, who disclosed this during activities marking the CAC’s 35th anniversary in Abuja at the weekend, said the exercise was aimed at strengthening confidence in the country’s corporate regulatory framework. Magaji said the mass deregistration became necessary to weed out inactive and non-compliant entities and protect the integrity of the commission’s database. “In…