Business - Abia ThinkTank News

Dec

2024

Abia State Government Assures Cocoa Farmers Of Economic Enhancement And Maximum Profitability

Abia State, Agriculture, Business, Good Governance, News Flash

ABIA STATE GOVERNMENT ASSURES COCOA FARMERS OF ECONOMIC ENHANCEMENT AND MAXIMUM PROFITABILITY Abia State Government has assured cocoa farmers in the state of maximum support in the production and sales of cocoa produce in the state. The Deputy Governor of Abia State, Engr Ikechukwu Lekwachi Emetu, FNSE, made this known during a stakeholder meeting in his office at Government House, Umuahia. Emetu stated that the current administration in the state ably led by Dr Alex Chioma Otti, OFR is poised to enhance the cocoa production index of the state by establishing six pilot cocoa estates in the state as captured…

Dec

2024

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By Abia ThinkTank

A TIME TO BELIEVE: Being Gov. Otti’s Speech At The Opening Ceremony Of The 2024 ABA International Trade Fair On 30/11/2024

Abia State, Business, Economy, Good Governance, News Flash

A TIME TO BELIEVE Being the Text of an Address Presented by Governor Alex C. Otti, OFR, at the Opening Ceremony of the 2024 Aba International Trade Fair on Saturday, November 30, 2024, at the Aba Mega Mall. Protocols, We have reached a very important point in the evolution of Aba as a major business destination in Nigeria and across the West African region. What happens in this city, say, in the next decade or less, would depend largely on how we harness the opportunities and access events like this. Beyond the excitement that comes with hosting international programmes of…

Nov

2024

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By Abia ThinkTank

Dangote Refinery Jet Fuel Exported To London, Iceland, Other Global Airports

Business, Economy, FGN, News Flash, Oil & Gas

Dangote Refinery Jet Fuel Exported To London, Iceland, Other Global Airports The Dangote Refinery has successfully exported its jet fuel to various international destinations, including airports in Iceland, Tenerife, and London. According to a report by SP Global Commodity Insights, the refinery’s Nigerian-made aviation fuel has reached prominent locations such as Heathrow Airport in the UK, as the petrochemical facility continues to scale up production. The report further highlights that between January and October this year, the majority of the refinery’s supply has been delivered to the Lome transshipment hub off Togo. South Korea has also emerged as the largest…

Nov

2024

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By Abia ThinkTank

NEW EASTERN COMFORT HOTEL REOPENED IN GLAMOUR

Abia State, Business, Good Governance, Hospitality, People & Events

NEW EASTERN COMFORT HOTEL REOPENED AMIDST POP, PAGEANTRY AND GLAMOUR On Sunday 24th November, 2024, guests were gathered at the New Eastern Comfort Hotel, ABA road, Umuahia for it's official re-opening. The event which started by 3.00pm attracted important dignitaries and captains of industries, Traditional rulers, Clergies, from different parts of ABIA State and neighbouring States. MC Nas who was the MC of the event supervised the Ribbon-cutting ceremony with dignitaries, Hotel management and staff. It was followed by a guided tour of the Hotel to showcase their facilities. There were lots of entertainments, merriments and musical performances. Goodwill messages…

Nov

2024

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By Abia ThinkTank

Bayelsa Government Bans All Ethnic, Tribal Traders’ Associations

Business, News Flash

Bayelsa Government Bans All Ethnic, Tribal Traders’ Associations Bayelsa State government has banned all tribal and ethnic-based traders’ associations operating in Swail and other markets in the state. Accordingly, the state Commissioner of Police has been directed to enforce the order by arresting any person or group of persons who continue to parade themselves as members of such associations at the various markets. The Deputy Governor, Senator Lawrence Ewhrudjakpo, gave the orders on Saturday after receiving a report from the Swali Market Conflict Resolution Committee during a meeting in Yenagoa. Speaking at the meeting which had in attendance a large…

Nov

2024

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First Bank Of Nigeria (FBN) Holdings PLC Shareholders Approves Name Change Including Subsidiaries

CBN/Commercial Banking, Business, News Flash

At last, First Bank of Nigeria (FBN) Holdings Plc has received approval to change the company’s name to First Holdco Plc. The company’s shareholders approved the name change at the 12th Annual General Meeting (AGM), held virtually on Thursday, November 14, 2024. In a statement released over the weekend, Adewale Arogundade, the company’s Secretary, confirmed that the resolution extends to all by issuing FBN Holdings’ subsidiaries. According to the company, the change will be extended to all subsidiaries. The approved changes include shifting the company’s legal name from FBN Holdings Plc to First Holdco Plc and its brand name to…

Nov

2024

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Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women

Business, Economy, FGN, News Flash

Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women As the Yuletide season draws nearer, the First Lady, Senator Oluremi Tinubu, has appealed to market women to refrain from unfair hike in prices of food items during the festive season. This is as the President’s wife has inaugurated a 3.1 kilometer runway at the Wilberforce Chuba Okadigbo International Airport, Onueke, Ebonyi State. She performed the ceremony on the margins of her visit to the state where she attended the 2024 Ebonyi Women’s Day Celebration. She was joined at the inauguration ceremony…

Nov

2024

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By Abia ThinkTank

Abia’s Green Gold: Unlocking The Potential Of Palm Oil For Sustainable Development – By Chukwuemeka Ifegwu Eke

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

Abia's Green Gold: Unlocking the potential of palm oil for sustainable development Governor Alex Chioma Otti's vision for Abia State is ambitious, with a 50-year plan that aims to transform the state into a major player in various sectors of the domestic and international economy. Today, we want to zero in on the palm oil industry. It is his hope that Abia State representingNigeria will certainly rival Malaysia and Indonesia. Generally, his Prosperous Abia plan is broken down into two 25-year phases, with each phase having its own theme and objectives. The governor's goal is to cascade resources into different…

Nov

2024

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CBN Send Fresh Warning To Banks, Directs Them As Priority To Load ATMs

Business, CBN/Commercial Banking, Economy, News Flash

CBN Send Fresh Warning To Banks, Directs Them To Load ATMs The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on cash disbursement activities of deposit money banks (DMBs)”. In the circular signed by Solaja Olayemi, acting director, currency operations department at CBN, the apex bank said it commenced spot checks to ensure efficient and responsible cash disbursement to the public and prevent the disbursement of mint banknotes to persons hawking naira notes. “Please…

Nov

2024

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Abia’s Entrepreneural Spirit: Trade, Factories And Development: A Historical Assessment – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance, News Flash

Abia's Entrepreneurial Spirit: Trade, Factories and Development: A Historical Assessment Abia State is a hub for trade, factories, and still striving for development in Nigeria. The state boasts an impressive array of industries, including brewing, textiles, and manufacturing. Let's dive into the history of some of the notable factories and industries in Abia State.Nigerian Breweries Plc, located in Aba, has been operational since 1957 and was upgraded in 2014.Guinness Nigeria Plc, another major brewing company, also operates in Abia State.Aba Textile Mills is a significant player in the textile industry, producing various fabrics and materials.International Glass Industry (IGI) in Aba…