Business

Jul
15
2025
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By Abia ThinkTank
Nigerian Marketers Reduce Fuel Prices As FGN Shuts Down Economy In Honour Of Buhari

Nigerian Marketers Reduce Fuel Prices As FGN Shuts Down Economy In Honour Of Buhari

Abia State, Business, Economy, FGN, News Flash, Oil & Gas
Nigerian Marketers Reduce Fuel Prices As FG Shuts Down Economy In Honour Of Buhari Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday. This comes as the economy shuts down today owing to the public holiday declared by the federal government to honour ex-president Muhammadu Buhari. The national president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST in an interview on Monday. According to him, the decision to cut the petrol price comes after members of IPMAN held a meeting in Abuja on Monday in…
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Jul
12
2025
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By Abia ThinkTank
NNPC Refineries May Never Work Again Despite $18 Billion Spent – Dangote

NNPC Refineries May Never Work Again Despite $18 Billion Spent – Dangote

Economy, Business, FGN, Oil & Gas
NNPC Refineries May Never Work Again Despite $18 Billion Spent — Dangote The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation. Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday. He said the 650,000-barrel-per-day (bpd) refinery was constructed after the government of late President Umar Yar’adua declined to sell the refineries to him. He said, “The refineries that we bought before, which were owned…
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Jul
09
2025
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By Abia ThinkTank
The Bleeding Mondays (Based Exclusively On NBS, IMF, And World Bank Data) – By Dr. Chukwuemeka Ifegwu Eke

The Bleeding Mondays (Based Exclusively On NBS, IMF, And World Bank Data) – By Dr. Chukwuemeka Ifegwu Eke

Business, Columns/Opinions/Letters, Economy, South East
The Bleeding Mondays(Based Exclusively on NBS, IMF, and World Bank Data) Prologue: The Sound of Empty MarketsIn the rusted stalls of Onitsha’s Main Market, where 1.2 million nano-traders once jostled, Mondays now echo with a silence that chills the bone. The National Bureau of Statistics counts what our eyes refuse to see: ₦88.81 billion evaporating each Monday across Southeast Nigeria. For weeks—from August 2021 to March 2025 —this ritual economic suicide bled ₦9.43 trillion from the poorest hands in the region. The IMF and World Bank whisper the broader truth: Nigeria has 86 million citizens in extreme poverty, while the…
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Jul
08
2025
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By Abia ThinkTank
Aba Export Growth Lab: Governor Otti’s Masterstroke For Economic Empowerment And Global Trade Integration – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Aba Export Growth Lab: Governor Otti’s Masterstroke For Economic Empowerment And Global Trade Integration – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Aba Export Growth Lab: Governor Otti’s Masterstroke for Economic Empowerment and Global Trade Integration By Ebere Uzoukwa, PhD The forthcoming commissioning of the Aba Export Growth Lab marks a significant turning point in the economic reawakening of Abia State. Spearheaded by the purpose-driven and reform-oriented Governor of Abia State, His Excellency Dr. Alex Chioma Otti, OFR, this initiative is far more than a development project—it is a bold, strategic intervention designed to reposition Aba as a formidable industrial and export-driven hub in Nigeria’s South East region. For decades, Aba—fondly called the "Japan of Africa"—has been celebrated for its industrious spirit,…
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Jul
08
2025
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By Abia ThinkTank
Abia State’s Competitive Advantage In Attracting Tech Investments – By Dr. Chukwuemeka Ifegwu Eke

Abia State’s Competitive Advantage In Attracting Tech Investments – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Good Governance, Technology
Abia State's Competitive Advantage in Attracting Tech Investments Executive SummaryAbia State is rapidly positioning itself as Nigeria's next tech investment frontier, leveraging strategic infrastructure modernization, fiscal innovation, and sector-specific specialization to challenge Lagos' dominance. Under Governor Alex Otti’s administration, Abia has prioritized capital expenditure (84% in 2024, 82% in 2025) to address historical infrastructure gaps while creating a business environment tailored for scalable tech operations . This analysis compares both states across critical investment parameters. Infrastructure Development: Closing the GapRoad Networks & Connectivity Abia: 48 active direct labor road projects, including the Julius Berger-reconstructed 6.5km Port Harcourt Road (Aba) and…
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Jul
01
2025
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By Abia ThinkTank
Dangote Refinery Slashes Petroleum Price Below N850

Dangote Refinery Slashes Petroleum Price Below N850

Business, Economy, FGN, News Flash, Oil & Gas
Dangote Refinery Slashes Petrol Price Below N850 The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from N880 to N840 per litre effective 30th June,” Chiejina said. AttNews recalls that the Dangote refinery hiked the price of petrol to N880 as tension escalated during the 12-day crisis between Israel and Iran, raising the price of…
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Jun
21
2025
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By Abia ThinkTank
Dangote Refinery Increases Petrol Ex-Depot Price

Dangote Refinery Increases Petrol Ex-Depot Price

Business, News Flash, Oil & Gas
Dangote Refinery Increases Petrol Ex-depot Price Nigerians may soon pay more for petrol as the Dangote Petroleum Refinery on Friday increased its ex-depot price for Premium Motor Spirit to N880 per litre, raising fresh concerns over fuel affordability and price volatility in the downstream sector. Checks on petroleumprice.ng, a platform tracking daily product prices, and a Pro Forma Invoice seen by The PUNCH confirmed the hike, representing a N55 increase from the previous rate of N825 per litre. The increment would ripple across the entire fuel distribution chain, likely pushing pump prices above N900/litre in some parts of the country,…
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Jun
12
2025
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By Abia ThinkTank
Nigeria Records N5.172 Trillion Surplus Trade In First Quarter Of 2025

Nigeria Records N5.172 Trillion Surplus Trade In First Quarter Of 2025

Abia State, Business, Economy, FGN
Nigeria Records N5.172 Trillion Surplus Trade In First Quarter Of 2025 In the first quarter of 2025 (Q1 2025), Nigeria recorded N5.172 trillion surplus trade, according to the National Bureau of Statistics (NBS). NBS in its “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total trade soared from the N33.92trillion recorded in the corresponding period of 2024. NBS said, “Nigeria’s total merchandise trade stood at N36.024.66 trillion in Q1, 2025. This represents an increase of 6.19per cent…
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Jun
12
2025
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By Abia ThinkTank
Gov. Otti Seeks Partnership With China, Expresses Dissatisfaction With CCECC Over Project Delay

Gov. Otti Seeks Partnership With China, Expresses Dissatisfaction With CCECC Over Project Delay

Abia State, Business, Economy, Good Governance, News Flash
GOV. OTTI SEEKS PARTNERSHIP WITH CHINA, EXPRESSES DISSATISFACTION WITH CCECC OVER PROJECT DELAY. Abia State Governor, Dr. Alex Otti has sought useful partnership with the People's Republic of China to improve the economy of the State. Governor Otti was speaking on Wednesday, 11th June when he received a delegation of the Consul-General of the People's Republic of China to Nigeria, Ms. Yan Yuqing, who paid him a working visit. The Governor, who said that he is willing to partner the People's Republic of China, noted that Abia people share similar traits with Chinese; traits such as resilience and hard work.…
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Jun
11
2025
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By Abia ThinkTank
FGN To Train 100,000 Youths Annually In Forex Trading

FGN To Train 100,000 Youths Annually In Forex Trading

Business, FGN, News Flash, Youths
FG To Train 100,000 Youths Annually In Forex Trading The Federal Government has signed a Memorandum of Understanding with Investonaire Academy to train 100,000 young Nigerians every year in foreign exchange trading, as part of efforts to tackle unemployment and drive financial inclusion. This was contained in a statement on Tuesday, signed by the Federal Ministry of Youth Development’s Director of Information and Public Relations, Omolara Esan. The MoU, sealed on Monday in Abuja, will see Nigerian youths equipped with practical skills in forex trading, risk management, and financial literacy, with the aim of preparing them to actively participate in…
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