Business - Abia ThinkTank News

Jan

2025

Dangote Partners 3 Petrol Stations, Announces New Price Nationwide

Economy, Business, News Flash, Oil & Gas

Dangote Partners 3 Petrol Stations, Announces New Price Nationwide Dangote Refinery has assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol. A spokesman for the refinery Anthony Chiejina said the recent adjustment in the company’s ex-depot price “is directly related to the significant increase in global crude oil prices”. In a statement on Sunday, Chiejina said, “While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably…

Jan

2025

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Saving, Investing, And Thriving: Aba’s Entrepreneurs Share Their Stories – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters

Saving, Investing, and Thriving: Aba's Entrepreneurs Share Their Stories Aba, a city in Abia State, Nigeria, is renowned for its entrepreneurial spirit. Despite the economic uncertainty, Aba's entrepreneurs have developed super saving and wealth building strategies to stay ahead. According to a survey conducted by the Aba Chamber of Commerce, 75% of entrepreneurs in Aba have developed unique saving strategies to navigate uncertain times. This statistic underscores the resilience and adaptability of Aba's entrepreneurs. One of the key strategies employed by Aba's entrepreneurs is thriftiness. They prioritize saving over spending, allocating a significant portion of their income to savings. A…

Jan

2025

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Resilience In Adversity: Lessons From ABA Businesses On Sustainable Entrepreneurship – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Good Governance

Resilience in Adversity: Lessons from Aba Businesses on Sustainable Entrepreneurship Aba, a city in Abia State, Nigeria, is renowned for its vibrant business community, particularly in the manufacturing and trading sectors. Despite facing numerous challenges, including infrastructure deficits, limited access to finance, and regulatory hurdles, Aba businesses have consistently demonstrated remarkable resilience and adaptability. This article explores the strategies employed by Aba businesses to remain sustainable in the face of adversity, offering valuable lessons for entrepreneurs and policymakers worldwide. This article is a product of one of the business luncheons organized by Governor Otti to press home his appeal for…

Jan

2025

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China Approves $254 Million Loan For President Tinubu Government’s Kano-Kaduna Railway Project

Business, CBN/Commercial Banking, FGN, Infrastructure, News Flash

China Approves $254 Million Loan For President Tinubu Government’s Kano-Kaduna Railway Project The China Development Bank (CDB) has approved a $254.76 million loan to support the construction of the Kano-Kaduna railway project in Nigeria by the President Bola Tinubu-led government. In a statement released on Tuesday, the bank said the funding would facilitate the smooth implementation of the infrastructure project. The construction is being handled by the China Civil Engineering Construction Corporation (CCECC) with financial backing from the CDB. “The Kano-Kaduna railway spans a total of 203 kilometers and is designed as a standard-gauge railway,” the statement noted. “Upon completion,…

Jan

2025

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Gov. Otti Assures Nigerian Geological Survey Agency Of Synergy To Improve Abia’s Local Industry

Abia State, Business, Good Governance, News Flash

GOV OTTI ASSURES NIGERIAN GEOLOGICAL SURVEY AGENCY OF SYNERGY TO IMPROVE ABIA'S LOCAL INDUSTRY The Governor of Abia State, Dr. Alex Chioma Otti, OFR, earlier today, received the Director, Nigerian Geological Survey Agency, Mr. Isaac Mba Okorie and his team, who paid a courtesy call on him. The team is on an official assignment to the State to explore the mineral resources of the state with a special concentration on kaoline. Represented by the Deputy Governor, Engr. Ikechukwu Lekwachi Emetu, FNSE, Otti noted that the profiling of kaolin in different areas of the state will contribute to the economic development…

Jan

2025

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Onion Farmers Reveal Reasons Behind Price Hike

Business, Agriculture, News Flash

Onion Farmers Reveal Reasons Behind Price Hike The Onion Producers, Processors, and Marketers Association of Nigeria has attributed the surge in onion prices and scarcity across the country to flooding and climate change. In an interview with the News Agency of Nigeria on Sunday in Lagos, the National President of the Association, Mr Aliyu Isah, outlined the factors behind the rising cost of onions. NAN reports that from the fourth quarter of 2024, onion prices skyrocketed, with a bag selling between N250,000 and N270,000—up from N70,000 to N90,000 in previous months. Similarly, the price of a medium-sized onion bulb rose…

Jan

2025

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Fintech For All: Inclusive Finance For Africa’s Underserved – By Dr. Chukwuemeka Ifegwu Eke

Business, CBN/Commercial Banking, Columns/Opinions/Letters, Economy

Fintech for All: Inclusive Finance for Africa's Underserved Fintech has revolutionized financial inclusion in Africa, providing access to financial services for millions of unbanked and underbanked individuals. Mobile money services, such as M-Pesa, have enabled people to store, send, and receive money using their mobile phones. This has been particularly transformative for rural communities, where traditional banking infrastructure is often lacking. Fintech has also increased convenience and accessibility for financial services. With the rise of mobile banking apps and online platforms, individuals can now access a range of financial services, including payments, transfers, and loans, from the comfort of their…

Jan

2025

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2025: Happy New Year From ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS

News Flash, Abia State, Business

Happy New Year from ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS As we step into 2025, we at ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS extend our heartfelt gratitude to all our esteemed readers and advertisers for your unwavering support throughout 2024. Your loyalty and trust in our brand have been the driving force behind our commitment to delivering accurate, timely, and impactful news. Together, we have navigated the challenges of the past YEARS, and your confidence in our content has inspired us to raise the bar higher. In this new year, we assure and renew our promise to serve you better…

Jan

2025

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Hardship: President Tinubu Floats Company To Bring Down Food, Drug Prices

Business, Economy, FGN, Health

Hardship: Tinubu Floats Company To Bring Down Food, Drug Prices President Bola Tinubu said yesterday the Federal Government hopes to bring down the price of food and promote local manufacturing of essential drugs and other medical supplies through the establishment of a National Credit Guarantee Company in the new year. Tinubu, who disclosed this in his New Year nationwide broadcast to the nation, also asked states to key into the federal government’s Compressed National Gas, CNG, programme to reduce the cost of transportation for Nigerians. The President equally said the youth confab he promised in the aftermath of the #EndBadGovernance…

Jan

2025

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Rethinking Global Digital Macroeconomics: The Intersection Of Parallel Universes, Emerging Technologies, And Interplanetary Trade – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Business, Economy, Technology

Rethinking Global Digital Macroeconomics: The Intersection of Parallel Universes, Emerging Technologies, and Interplanetary Trade Introduction The world is on the cusp of a revolution in global digital macroeconomics, driven by the convergence of emerging technologies, shifting global economic power dynamics, and the increasing importance of digital trade. As we navigate this uncharted territory, it is essential to understand the far-reaching implications of this transformation on the global economy, businesses, and societies. The intersection of parallel universes, emerging technologies, and interplanetary trade is giving rise to new economic systems, structures, and opportunities that will redefine the fabric of global digital macroeconomics.…