Business

Oct
12
2025
0 Comments
By Abia ThinkTank
Lagos Government Demolishes Ola Of Lagos’ Car Showroom

Lagos Government Demolishes Ola Of Lagos’ Car Showroom

Lagos, Business, News Flash
Lagos Govt Demolishes Ola Of Lagos’ Car Showroom The Lagos State Government has reportedly demolished the car showroom owned by popular auto dealer and luxury influencer, Ola of Lagos. The social media personality confirmed the incident through his Instagram story, where he maintained a positive outlook despite the loss. A trending video captured the showroom being demolished, just months after he opened it. The reason for demolishing the structure wasn’t made public, as yet. In his reaction, Ola assured his followers that his business operations remain active and that a new showroom, “OOL Autos,” would soon open, promising it would…
Read More
Oct
08
2025
0 Comments
By Abia ThinkTank
Beyond The Lekki Illusion: Aba’s Real Manufacturing Might Humiliates Lagos’ Paper Economy – By Prof Chukwuemeka Ifegwu Eke

Beyond The Lekki Illusion: Aba’s Real Manufacturing Might Humiliates Lagos’ Paper Economy – By Prof Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy
Beyond the Lekki Illusion: Aba's Real Manufacturing Might Humiliates Lagos' Paper Economy The narrative of "Lagos Boiled by Igbo Economy" and the potential for Aba to rival China in West Africa is not merely entrepreneurial aspiration; it is a story underscored by official data and a telling political context. The failure of President Bola Tinubu to personally commission the new projects of monumental significance for the industrial revival of the South-East, on multiple scheduled occasions may speak volumes to ignorant minds, but stop and ponder for a second. This perceived snub, whether logistical or political, stands in stark contrast to…
Read More
Sep
26
2025
0 Comments
By Abia ThinkTank
How Governor Otti’s Evening Markets Will Power The Velocity Of Money In ABIA – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

How Governor Otti’s Evening Markets Will Power The Velocity Of Money In ABIA – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Abia State, Business, Columns/Opinions/Letters, Good Governance
How Governor Otti’s Evening Markets Will Power the Velocity of Money in Abia By Ebere Uzoukwa, PhD When Governor Alex Chioma Otti announced during the September edition of “Governor Otti Speaks to Abia” that construction of sixty eight evening markets would commence the following week, it was more than just another policy pronouncement. It was a carefully designed step to deepen Abia’s ongoing transformation and extend the dividends of governance to the grassroots. The decision to build four evening markets in each of the seventeen local government areas reflects a vision that deliberately prioritizes rural development and aligns with the…
Read More
Sep
25
2025
0 Comments
By Abia ThinkTank
A Rejoinder To ABIA Hotel Management: Enough Of The Grandstanding – By Prof Chukwuemeka Ifegwu Eke

A Rejoinder To ABIA Hotel Management: Enough Of The Grandstanding – By Prof Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Hospitality
A Rejoinder to Abia Hotel Management: Enough of the Grandstanding! The attention of all well-meaning Abians has been drawn to the pompous and deliberately obtuse rebuttal issued by the so-called “Board and Management” of Abia Hotel Limited. This response is not just an insult to the intelligence of the people of Abia State, but a brazen display of the very bad faith and entitlement that has held this state back for decades. The Government, under the focused leadership of Dr. Alex Otti, spoke a simple truth, and the reaction from the hotel management has proven the government’s point more eloquently…
Read More
Sep
17
2025
0 Comments
By Abia ThinkTank
Nigeria’s Dangote Refinery Petrol Lands In US For The First Time

Nigeria’s Dangote Refinery Petrol Lands In US For The First Time

Business, Economy, FGN, News Flash, Oil & Gas
Nigeria’s Dangote Refinery Petrol Lands In US For The First Time Nigeria’s Dangote Refinery’s premium motor spirit, PMS, has arrived in New York, United States, for the first time. According to Reuters, Sunoco and Vitol organised the shipment on Monday. The delivery on the tanker, Gemini Pearl, marks a major milestone for the 650,000-barrel-per-day Dangote refinery. Reuters reported that an additional shipment of Dangote petrol, which Glencore sold to Shell, is planned to reach New York on September 19. The deliveries represent an important achievement for the $20 billion Ibeju Lekki-based refinery. Aliko Dangote, the President of Dangote Refinery, at…
Read More
Sep
10
2025
0 Comments
By Abia ThinkTank
NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery

NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery

Business, News Flash, Oil & Gas
NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its strike following an agreement with the management of Dangote Refinery to recognise workers’ rights to unionise. The deal was reached at a closed-door meeting convened by the Department of State Services (DSS) and attended by the Minister of Finance, Wale Edun and representatives of the Nigeria Labour Congress. Acting NLC General Secretary, Benson Upah, confirmed the outcome, while the Ministry of Labour said it would issue a formal statement soon. The resolution followed a conciliation meeting convened…
Read More
Sep
03
2025
0 Comments
By Abia ThinkTank
I Didn’t Inherit Any Money From My Father – Dangote

I Didn’t Inherit Any Money From My Father – Dangote

Economy, Business, Personality
I Didn’t Inherit Any Money From My Father – Dangote Billionaire businessman Aliko Dangote has revealed he built his business empire from the scratch despite being born into a wealthy family. Speaking in a video, Dangote said he chose not to rely on inherited wealth. Dangote said he worked with his uncle before venturing into his business, initially trading in cement. He recognised the vast potential of cement production in Nigeria, driven by the country’s significant infrastructural deficits. Through hard work and innovative thinking, Dangote’s business empire grew exponentially, making him a self-made success story. He added that he donated…
Read More
Jul
15
2025
0 Comments
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…
Read More
Jul
12
2025
0 Comments
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…
Read More
Jul
09
2025
0 Comments
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…
Read More