Business

Dec
26
2024
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By Abia ThinkTank
Abia Residents Flock To Local Markets For Christmas Shopping, Spend Millions

Abia Residents Flock To Local Markets For Christmas Shopping, Spend Millions

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Abia Residents Flock to Local Markets for Christmas Shopping, Spend Millions As Christmas season unfolds, residents of Abia State are flocking to local markets to purchase items for the festive season. Our freelance correspondents visited three major markets in Abia State - Aba Main Market, Umuahia Main Market, and Abiriba Main Market - to capture the excitement and gather insights from shoppers. Aba Main Market: A Hub of Festive Activity At Aba Main Market, our correspondent met with three shoppers who shared their experiences. Mrs. Nneoma Okoro, a trader, said, "I come to Aba Main Market every year to buy…
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Dec
18
2024
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By Abia ThinkTank
President Tinubu Reconstitutes Leadership Of 12 River Basin Development Authorities (See Full List)

President Tinubu Reconstitutes Leadership Of 12 River Basin Development Authorities (See Full List)

Business, Economy, News Flash, Politics, Presidency
Tinubu Reconstitutes Leadership Of 12 River Basin Devt Authorities (See Full List) President Bola Ahmed Tinubu has approved the reconstitution of the executive management teams for 12 River Basin Development Authorities (RBDAs) under the Federal Ministry of Water Resources, signaling his administration’s commitment to enhancing the efficiency of these critical organizations. The newly appointed executives are expected to leverage their expertise to boost agricultural productivity, manage water resources, and foster rural development in alignment with the administration’s commitment to improving the lives of Nigerians. The new appointments were made public on Wednesday in a statement issued by Special Adviser to…
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Dec
16
2024
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By Abia ThinkTank
NNPC Reduces Petrol Pump Price Across It’s Retail Outlets

NNPC Reduces Petrol Pump Price Across It’s Retail Outlets

Business, Economy, News Flash, Oil & Gas
NNPC Reduces Petrol Pump Price The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets. According to Tribune Online correspondent who visited the NNPCL retail outlets in Ibadan observed that petrol, which was sold between N1,025 to N1,040 per litre, has been reduced to N1,015 per liter. This represents N10 to N25 reduction from its previous price. Also, Daily Post reports that the nation’s oil company has also reduced its pump price across its retail outlets in the Federal Capital Territory (FCT). In the FCT,…
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Dec
14
2024
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By Abia ThinkTank
Would Otti’s Pro Business Programs Expand ABIA State’s Economy In 2025/2026? – By Dr. Chukwuemeka Ifegwu Eke

Would Otti’s Pro Business Programs Expand ABIA State’s Economy In 2025/2026? – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Would Otti's Pro Business Programs Expand Abia State's Economy in 2025/2026? Last month, Abia's Governor, Dr Alex Chioma Otti, declared in a private meeting that he has laid out and implemented a series of programs and projects in the three senatorial zones of the state, drawing immediate appreciation from business leaders of those zones. “Most of the programs rolled out would likely prompt pro-poor growth, leading to expanded opportunities for enterprises,” a business man Chidi Umeh in Isiukwuato said. An importer of used fabrics in Aba, Kalu Nwojo, said he’s expanding more patronage come 2025/2026 as he's expecting higher purchasing…
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Dec
12
2024
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By Abia ThinkTank
Abia’s Flight To Progress: The Airport Project That’s Taking Shape – By Ebere Uzoukwa, Ph.D (SSA On Public Affairs To Gov. Otti)

Abia’s Flight To Progress: The Airport Project That’s Taking Shape – By Ebere Uzoukwa, Ph.D (SSA On Public Affairs To Gov. Otti)

Abia State, Business, Columns/Opinions/Letters, Economy
Abia's Flight to Progress: The Airport Project That's Taking Shape Ebere Uzoukwa, Ph.D. Abia State is on the threshold of a transformative journey, courtesy of the airport project that's gaining momentum. The proposed airport, initially approved as an airstrip by the Federal Government, has been upgraded to a full-fledged airport, thanks to Governor Alex Chioma Otti's tireless efforts. This development is a testament to the Governor's vision of opening up Abia for investment flow and socio-economic growth. With the airport, Abia State is poised to become a hub for commerce, industry, and tourism, creating jobs and stimulating economic growth. The…
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Dec
10
2024
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By Abia ThinkTank
Every Moment Is A New Chance: The Socioeconomic Benefits Of New ABIA State Airport Project Engagement

Every Moment Is A New Chance: The Socioeconomic Benefits Of New ABIA State Airport Project Engagement

Abia State, Business, Columns/Opinions/Letters, Good Governance, Politics
Every Moment is a New Chance: The Socioeconomic Benefits of the New Abia State Airport Project Engagement The Federal Government team from the Ministry of Aviation visited Abia State to inspect a proposed site for the airport. The team, led by Dr. Emmanuel Meribeole, Permanent Secretary of the Ministry of Aviation, aimed to ensure the land and location align with regulatory requirements for airport siting. Governor Alex Otti mentioned that the state government had identified a suitable location, and he emphasized the importance of the airport's location, stating that it was crucial for the project's success. The airport project has…
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Dec
09
2024
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By Abia ThinkTank
NAFDAC Begins Enforcement Of Ban On Alcohol In Sachets, PET Bottles; Urged Manufacturers To Comply

NAFDAC Begins Enforcement Of Ban On Alcohol In Sachets, PET Bottles; Urged Manufacturers To Comply

Business, News Flash
NAFDAC Begins Enforcement Of Ban On Alcohol In Sachets, PET Bottles; Urges Manufacturers To Comply Mojisola Adeyeye, director-general of the National Agency for Food and Drug Administration and Control (NAFDAC), has urged manufacturers and distributors to comply with the ban on alcohol in sachets and polyethylene terephthalate (PET) bottles. Speaking during a session at the NAN Forum in Abuja on Sunday, Adeyeye reiterated the ban and the agreement signed by the Distillers and Blenders Association of Nigeria. In 2018, the sale of alcoholic beverages in sachets and PET bottles smaller than 200ml was banned in Nigeria. Manufacturers were subsequently given…
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Dec
07
2024
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By Abia ThinkTank
Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 – National Bureau Of Statistics

Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 – National Bureau Of Statistics

Business, Economy, FGN, News Flash
Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 Nigeria has recorded a trade surplus of N5.81tn in the third quarter of 2024, reflecting a remarkable rise in export earnings, according to the latest data from the National Bureau of Statistics. However, the surplus recorded in Q3 2024 is far lower than the N6.95tn trade surplus recorded in the previous quarter. The NBS in its foreign trade statistics report on Friday noted that Nigeria’s merchandise trade for the Q3 2024 was a total value of N35.16tn, marking an 81.35 per cent increase compared to the same period in 2023 and a…
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Dec
07
2024
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By Abia ThinkTank
NNPC Shuns Local Market, Begins Export Of Petrol From Port Harcourt Refinery To Dubai

NNPC Shuns Local Market, Begins Export Of Petrol From Port Harcourt Refinery To Dubai

Business, Economy, News Flash, Oil & Gas
NNPC Shuns Local Market, Begins Export Of Petrol From Port Harcourt Refinery To Dubai The Nigerian National Petroleum Company (NNPC) has begun the export of petrol from the Port Harcourt Refinery to Dubai, shunning the local market. The Port Harcourt Refinery which began operations in November following rehabilitation shipped its first export of petroleum products to Dubai, with the company expected to load the cargo onboard the Wonder Star MR1 ship in the coming days. The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres. It is understood that the sulfur content of…
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Dec
06
2024
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By Abia ThinkTank
Abia State Government Partners Coscharis Group To Roll Out Electric Vehicles Into The State’s Transport Sector

Abia State Government Partners Coscharis Group To Roll Out Electric Vehicles Into The State’s Transport Sector

Abia State, Business, Good Governance, News Flash, Transportation
ABIA STATE GOVT. PARTNERS COSCHARIS GROUP TO ROLL OUT ELECTRIC VEHICLES INTO THE STATE’S TRANSPORT SECTOR. In a bid to sanitize and modernise its transport sector and introduce an organised logistics system in major cities of Aba, Umuahia, and Ohafia to create a very effective and sustainable transportation system for the State, the Abia State Government has concluded plans to partner with COSCHARIS to roll out Electric Vehicles for Intra City and State transport services. Speaking during a business meeting on Wednesday, December 4th in his Office with the Founder, President, and CEO of COSCHARIS Group Dr. Cosmas Maduka and…
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