Business - Abia ThinkTank News

Sep

12

2024

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By Abia ThinkTank

Emetu Charges Local Government Heads Of Service And Financial Management Officers To Follow Due Process In The Management Of Funds

Abia State, Business, Columns/Opinions/Letters, News Flash

EMETU CHARGES LOCAL GOVERNMENT HEADS OF SERVICE AND FINANCIAL MANAGEMENT OFFICERS TO FOLLOW DUE PROCESS IN THE MANAGEMENT OF FUNDS Abia State Deputy Governor, Engr. Ikechukwu Lekwachi Emetu, FNSE, has enjoined Heads of Service and other key Officers in the financial management of the local government to follow all laid down procedures in the Financial Memoranda, Fiscal Responsibility Act, the State Public Procurement Act, and other extant rules and financial regulations to obviate any form of misapplication of funds that may tend toward corruption. Emetu stated this during a 3-day seminar/workshop for financial managers of the local government organised by…

Sep

09

2024

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By Abia ThinkTank

Benue Government Seals Ortom’s Oracle Business Over Tax Default

Business, Economy, News Flash, Northern Nigeria

Benue Govt Seals Ortom’s Oracle Business Over Tax Default The Benue State Board of Internal Revenue Service (BIRS) weekend sealed off the premises of Oracle Business Limited, owned by former Governor Samuel Ortom over an alleged N93.5 million tax default. Also sealed in the Makurdi operation led by the BIRS acting Chairman, Mr. Sunday Odagba and Board Secretary/Legal Adviser, Mr. Ushahemba Dekaa were Jagshu Filling Station over alleged N2.1millon default and Ubgechi Filling Station also in default of alleged N2.1million. The enforcement was a sequel to an order of a Makurdi High Court empowering the Board to enforce the consequences…

Sep

08

2024

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By Abia ThinkTank

Dangote Refinery May Dump Nigeria Market, Export Petrol Over NNPC’s Conditions

Business, News Flash, Oil & Gas

Dangote Refinery May Dump Local Market, Export Petrol Over NNPC’s Conditions The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the Nigerian National Petroleum Company Limited to be the sole buyer of its product. The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market. This is contrary to claims by the President of the Dangote Group, Aliko Dangote, that the refinery was waiting for the NNPC to roll out its product. On Saturday,…

Sep

04

2024

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Tinubu Signs 5 MoUs At Meeting With Chinese President, Xi Jinping – Says ‘I’m A Reformer With Verifiable Antecedents’

Business, Economy, FGN, News Flash

‘I’m A Reformer With Verifiable Antecedents’ – Tinubu Signs 5 MoUs At Meeting With Chinese President, Xi Jinping President Bola Tinubu says the relationship between Nigeria and China needs to be strengthened for trade advancement and economic development. Tinubu spoke on Tuesday during a meeting with Chinese President Xi Jinping in Beijing, the capital of China. The president said Nigeria-China ties have been elevated to a comprehensive strategic partnership. Tinubu said his administration is reforming the Nigerian economy, adding that he is “a reformer with verifiable antecedents”. The president said Nigeria “holds great potential as the country with the largest…

Sep

03

2024

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By Abia ThinkTank

Special Day For Nigeria As Dangote Officially Confirms Petrol Rollout

Business, Economy, News Flash

Special Day For Nigeria As Dangote Officially Confirms Petrol Rollout Aliko Dangote, the Chairman of Dangote group, has officially confirmed rollout Premium Motor Spirit (PMS), also known as petrol from its refinery. Dangote, while addressing the press on Tuesday, described the development as a turnaround for the country after many years of not producing a single litre of petrol. The group chairman, while thanking Nigerians for their support, also lauded the President, Bola Ahmed Tinubu , for creating an enabling environment for the 650,000 barrels per day refinery. He said, “Today is a very special day because Nigeria has not…

Sep

01

2024

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By Abia ThinkTank

Belema Oil Unveils It’s New CEO, CFO As Jack-Rich Focuses On Developing Fintech…

Business, News Flash, Oil & Gas

BELEMAOIL UNVEILS ITS NEW CEO, CFO as Jack-Rich focuses on developing Fintech to promote financial inclusion for massive economic boom. The Founder and President of Belemaoil Producing Limited Tein T.S. Jack-Rich says the company is on a threshold of rapid recovery, transformational growth, and industrial boom to realize its shared vision and deliver superior value to shareholders. Jack-Rich stated this at a meeting of the Board of Directors and Management Staff of Belemaoil to formally unveil the company’s new Managing Director/Chief Executive Officer, Ahmadu Sambo as well as its new Chief Finance Officer, Emmanuel Onos. He said the two appointees…

Aug

30

2024

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Invitation To The Anioma Stakeholders Summit, Holding Saturday August 31st, 2024 @ Grand Hotel Asaba

Business, News Flash, People & Events

UNITED IGBO ELDERS COUNCILWORLDWIDE (UNIEC)PARTNERINGH.E. SENATOR NED NWOKOFor the Creation of ANIOMA STATE Dear Sir/Madam/Chief/Dr., Invitation to the ANIOMA STAKEHOLDERS SUMMIT, Holding Saturday, August 31, 2024, at the Nnebisi Hall, Grand Hotel, Asaba Very good day. You are cordially invited to the above-named Summit at the date and address above. Summit is powered by H.E. Senator Ned Munir Nwoko, and starts 01.00 pm or 13.00 hours prompt. Please, kindly contact any of the numbers below to indicate acceptance of the invitation, so as to facilitate the logistics. +2348164600000+2348034909121+2348075000065+2348064090495 Thanks greatly.

Aug

29

2024

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NIN-SIM Linkage: NCC Announces Final Date

Columns/Opinions/Letters, Business, News Flash, Telecommunications

NCC Announces Final Date For NIN-SIM Linkage The Nigerian Communications Commission (NCC) has mandated all Mobile Network Operators (MNOs) to finalize the mandatory verification and linkage of Subscriber Identification Modules (SIMs) to National Identity Numbers (NINs) by September 14, 2024. In an update released on Wednesday, the NCC highlighted the progress of the Federal Government’s 2020 policy aimed at linking NINs with SIMs. According to the Commission, over 153 million SIMs have been successfully linked to NINs, achieving a compliance rate of 96 percent, up from 69.7 percent in January 2024. Reuben Muoka, Director of Public Affairs at the NCC,…

Aug

28

2024

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NAFDAC Speaks On Placing Ban On Bread

Business, FGN, Gossips, News Flash

NAFDAC Speaks On Placing Ban On Bread The National Agency for Food and Drug Administration and Control (NAFDAC) has dissociated itself from a comment asking Nigerians to avoid eating bread made and sold in the country. The agency made the clarification in reaction to what it said was a misconception that trailed the statement made by NAFDAC South-west Coordinator, Roseline Ajayi, recently, saying bread sold in the markets is failing laboratory tests because producers are using addictives as saccharine due to the high cost of sugar. Following her comments in a viral video a reporter had suggested that Nigerians were…

Aug

23

2024

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Leaked Documents Reveal President Tinubu’s Son Co-owned Company With Chagoury

Business, Columns/Opinions/Letters, News Flash

Leaked documents reveal President Tinubu’s son co-owned company with Chagoury Leaked corporate documents have unveiled that Seyi Tinubu, the son of President Bola Tinubu, co-owned an offshore company with Ronald Chagoury Jr., the son of billionaire tycoon Ronald Chagoury. This company, incorporated eight years ago in the British Virgin Islands, has come under scrutiny following the awarding of a $13 billion contract to build a 700-kilometer Lagos-Calabar coastal highway to Hitech Construction Company Ltd., a subsidiary of the Chagoury Group, The contract for the Lagos-Calabar Coastal Highway, a project of immense national significance, was awarded without a public bidding process,…