Business

Nigerian Palm Oil About To Get Expensive As Indonesia Increases Export Levy

Nigerian Palm Oil About To Get Expensive As Indonesia Increases Export Levy

Nigerian Palm Oil About To Get Expensive As Indonesia Increases Export Levy Indonesia, the world’s largest producer of palm oil, increased the export tax on crude palm oil (CPO) from 7.5% to 10% on May 17. This policy shift is aimed at financing biofuel initiatives and replanting activities within the country. Nigeria, the world’s fifth-largest palm oil producer, still imports almost half of the two million tons consumed domestically each year. Palm oil has lost its status as the most reasonably priced vegetable oil globally due to supply shortages — including from Malaysia, the world’s second-largest producer. The Indonesian Ministry…
Read More
Nigerian Breweries Appoints New Managing Director

Nigerian Breweries Appoints New Managing Director

Nigerian Breweries Appoints New Managing Director Nigerian Breweries Plc has announced a leadership transition that will see Mr. Hans Essaadi conclude his role as Managing Director and Chief Executive Officer on June 30, 2025. The Board has appointed Mr. Thibaut François Baptiste Boidin as his successor, with effect from July 1, 2025. According to the company’s statement filed with the Nigerian Exchange Group, Mr. Essaadi will also resign from the Board on June 30, 2025, and subsequently assume a new position as Managing Director of HEINEKEN Poland. Essaadi joined the Board and took over as Managing Director/CEO on July 31,…
Read More
Abia Needs Regulatory Agency To Curb Arbitrary And Exploitative Pricing Of Goods And Services – By Dr. Ody Ajike, Esq.

Abia Needs Regulatory Agency To Curb Arbitrary And Exploitative Pricing Of Goods And Services – By Dr. Ody Ajike, Esq.

Abia needs a Regulatory Agency. Citizens in Abia are facing arbitrary and exploitative pricing of various goods and services. Citizens are also facing unwholesome practices by Landlords, estate practitioners and other economic actors within the State. The costs of Housing, food items, healthcare,education, oil and gas and other necessary goods and services are on the rise without any justification. Standards are violated, government shortchanged and interests of consumers remain unprotected by the Government. These unfair practice affect the dynamic policies of the State Government and the welfare of citizens. It also reduces the tax net and a lot of revenue…
Read More
Abia State Government Takes Over ABA Mega Mall, Pays Off All Those With Vested Interests

Abia State Government Takes Over ABA Mega Mall, Pays Off All Those With Vested Interests

ABIA STATE GOVERNMENT TAKES OVER ABA MEGA MALL, PAYS OFF ALL THOSE WITH VESTED INTERESTS. Aba Mega Mall, located at Osisioma LGA, has become full property of the Abia State Government, as the State Government, ably led by Governor Alex Otti, OFR, has paid off all those with vested interests in the strategically located complex that its purpose of establishment could not be realised. Governor Otti disclosed the acquisition and full takeover of the mega-mall on Sunday, 4th May, during the grand finale of a 3-day Mega Crusade of the Lord’s Chosen Charismatic Revival Ministries, which was held in Aba…
Read More
From Market Stalls To Digital Halls: Abia’s Vendors Navigate Cash Realities Amidst Otti’s Tech Revolution – By Dr. Chukwuemeka Ifegwu Eke

From Market Stalls To Digital Halls: Abia’s Vendors Navigate Cash Realities Amidst Otti’s Tech Revolution – By Dr. Chukwuemeka Ifegwu Eke

From Market Stalls to Digital Halls: Abia’s Vendors Navigate Cash Realities Amidst Otti’s Tech Revolution! 🌐💵 1. Aba: Ariaria Market’s Cash Reliance Amidst Digital Infrastructure GapsIn Aba’s Ariaria International Market—a hub for SMEs producing footwear, garments, and leather goods—vendors often cite unreliable network connectivity and POS transaction failures as reasons for sticking to cash. For instance, a leatherworks trader in Block C reported losing customers during network downtimes, stating, “Buyers walk away if transfers fail—cash is instant” . Despite this, Governor Otti’s administration has:Installed free Wi-Fi hotspots in strategic market zones to boost connectivity .Revamped Ariaria’s infrastructure with paved roads,…
Read More
Gov. Otti Expresses Willingness To Partner Israeli Agricultural Investors, Says He Is In A Hurry To See The Commencement Of The Proposed Investment

Gov. Otti Expresses Willingness To Partner Israeli Agricultural Investors, Says He Is In A Hurry To See The Commencement Of The Proposed Investment

GOV. OTTI EXPRESSES WILLINGNESS TO PARTNER ISRAELI AGRICULTURAL INVESTORS, SAYS, HE IS IN A HURRY TO SEE THE COMMENCEMENT OF THE PROPOSED INVESTMENT. Abia State Governor, Dr. Alex Otti has expressed his willingness to partner with an Israeli agricultural expert and investors to grow the State's economy. Government Otti was speaking while receiving in audience a delegation of an Israeli based agricultural investor and the Managing Director of ONIDA Development, Mr. Kidron Isreal who called on him in his office. He said that the government can provide land, adding that the provision of land could be the government's own equity…
Read More
How Lagos Scavengers Resell Wigs Picked From Dumpsites

How Lagos Scavengers Resell Wigs Picked From Dumpsites

How Lagos Scavengers Resell Wigs Picked From Dumpsites In Lagos, the most populous city in West Africa, nothing is a waste in the hands of those who can see value in it. Despite inherent risks, particularly those that have to do with human safety and public health, when the opportunity to make cash or profit presents itself, the love of money is prioritised above all. While the city generates an estimated 5.46 million tonnes of waste annually, some of these wastes often find their way back to the market. Among these arrays of wastes that find their way back to…
Read More
Abia State Government Revokes Land Title And Reclaims Assets Of The Enyimba Automated Shoe Company (ENASCO)

Abia State Government Revokes Land Title And Reclaims Assets Of The Enyimba Automated Shoe Company (ENASCO)

PRESS RELEASE: ABIA STATE GOVERNMENT REVOKES LAND TITLE AND RECLAIMS ASSETS OF THE ENYIMBA AUTOMATED SHOE COMPANY (ENASCO). The Abia State Government (ABSG) hereby revoke the land title granted to Enyimba Automated Shoe Company (ENASCO) and move to reclaim all Abia State Government resources and assets contributed to the Company. This decision followed a comprehensive regulatory, financial and operational review undertaken by reputable Big Four professional service firms, which unravelled significant discrepancies and corporate governance-related issues within ENASCO. SEQUENCE OF EVENTS LEADING TO THE DECISION: Establishment and Initial Contributions: ENASCO, with equipment imported from Turkey and a projected annual production…
Read More
Real People, Real Streets, Real Progress: Governor Otti’s Programs Cooking Up Hope For Abia’s Food Vendors – By Dr. Chukwuemeka Ifegwu Eke

Real People, Real Streets, Real Progress: Governor Otti’s Programs Cooking Up Hope For Abia’s Food Vendors – By Dr. Chukwuemeka Ifegwu Eke

Smooth Roads, Fresh Bites!* Bad roads used to spoil my tomatoes, but now my plantains sell faster! Mrs. Okafor on Isi Gate Street, Umuahia, cheers Governor Otti’s road fixes. Fresh produce, happier customers! 🌶️ #AbiaOnTheMove Real people, real streets, real progress! Governor Otti’s plans are cooking up hope for Abia’s food vendors. 🔥🍴 Governor Alex Otti’s administration in Abia State has introduced several programs to support food vendors and small-scale traders, focusing on improving infrastructure, food security, and business conditions. Here’s how these efforts are impacting everyday food vendors on the streets of Aba, Umuahia, and Ohafia, based on real…
Read More
Abia State’s Game -Changing ‘Made-In-Abia’ Policy: A Boost To Local Economy – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Abia State’s Game -Changing ‘Made-In-Abia’ Policy: A Boost To Local Economy – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Abia State's Game-Changing 'Made-in-Abia' Policy: A Boost to Local Economy Ebere Uzoukwa, Ph.D The Abia State government's "Made-in-Abia" products policy is a bold initiative aimed at promoting local economic growth and development. By mandating the procurement of goods and services within the state, the government hopes to stimulate economic activity, create jobs, and improve infrastructure. This policy has the potential to be a game-changer for the local economy, and its impact will be felt across various sectors. One of the primary benefits of the "Made-in-Abia" policy is increased local spending. By procuring goods and services locally, the government will be…
Read More