Business - Abia ThinkTank News

Feb

01

2024

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By Abia ThinkTank

Woman Arrested While Trying To Sell 2 Sons For N2m

Business, Economy, News Flash

Economic Hardship: Woman Arrested While Allegedly Trying To Sell 2 Sons For N2m The Anambra state government has arrested a 38-year-old woman, Chinyere for attempting to sell her nine-year-old and seven-year-old sons for N1 million each. Commissioner for Women and Social Welfare, Mrs Ify Obinabo, told newsmen on Wednesday in Awka that the woman’s eldest daughter, a 17-year-old, was also arrested for being part of the scheme. Obinabo said the accused and her eldest daughter were arrested when she (the commissioner) posed as a potential buyer of the boys after she got the hint of the transaction. “I heard about…

Jan

30

2024

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By Abia ThinkTank

List Of Nigerians Who Own Private Jet And Their Networth

Columns/Opinions/Letters, Business, News Flash

List Of Nigerians Who Own Private Jets And Their Net Worth Owning a private jet in Nigeria isn’t just for convenience, but also a display of wealth and affluence as many Nigerians ranging from politicians, to artists and also pastors have been known to acquire private jets. AMB Reports that on an average, the maintenance of a private jet costs about $500,000 to $1 million (approx. N290 million – N580 million) per year yet people still pay this huge sum. There are also general checks that should be done on a private jet which include ‘C’ checks, software checks, fuel…

Jan

24

2024

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By Abia ThinkTank

‘S3x Toy Business Is Booming, And We Are One Of The Best’ -Chidi Mokeme

Business, Manufacturing, News Flash

Chidi Mokeme Reacts To Speculations Of Running A S3x Toy Business Veteran Nollywood actor Chidi Mokeme has responded to rumours about his involvement in the sex toy business. During an interview with media personality Chude Jideonwo, Chidi confirmed his venture into the sex toys industry, revealing that he initiated it a few years ago and that it has been successful. He said: ‘‘I did start a s3x toy business, and that business is one of the best out there. It’s booming, and that’s how I know. We run it the way we do because people want to keep it hidden.…

Jan

20

2024

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By Abia ThinkTank

Relocation Of FAAN Headquarters: FGN Give 7 Reasons

Business, News Flash, Presidency

7 Real Reasons FAAN Headquarters Was Relocated From Abuja To Lagos The Federal Government on Thursday, January 18, relocated the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. This was disclosed in a circular by the Managing Director and Chief Executive Officer of FAAN, Olubunmi Kuku. According to Kuku, the Minister of Aviation and Aerospace, Festus Keyamo, gave the directive to move the headquarters to Lagos. FAAN was established in 1976 as Airports Authority of Nigeria. However, the Civil Aviation reform of 1995 brought about the realignment of some of the functionalities of NAA as…

Jan

18

2024

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By Abia ThinkTank

Wait!! You Haven’t Used Zinox Technologies? Join The Revolution – By Nnate Ernest

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

WAIT!! YOU HAVEN'T USED ZINOX TECHNOLOGIES? Join The Revolution -By Nnate Ernest Get ready to be blown away by the incredible and bold feat of Zinox Technologies! This revolutionary company has completely transformed the Nigerian ICT landscape by pioneering computer production and ICT solutions in West Africa. As the first indigenous computer manufacturer in Nigeria to receive international certification, Zinox prides itself on cementing its position as a big player in the tech industry. But that's not all - Zinox's state-of-the-art computerized digital assembly plant in Lagos is the first and only one of its kind in West Africa, with…

Jan

17

2024

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By Abia ThinkTank

DisCos Warned Against Extorting Communities For Transformer, Other Electrical Repairs

Business, FGN, News Flash, Power & Energy

Minister Warns DisCos Against Extorting Communities For Transformer, Other Electrical Repairs The Tinubu administration has finally warned electricity Distribution Companies of Nigeria (DisCos) against their disturbing penchant of asking residents of communities to contribute funds to buy electricity transformers and other materials on their own. Minister of Power, Adebayo Adelabu, gave the warning against the misnomer at a meeting with the management of Ibadan Electricity Distribution Company (IBDEC) during a facility tour in Oyo State. The minister said the Buhari administration is always committed to providing every need of the people to improve their living standard. He also expressed disappointment…

Jan

17

2024

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By Abia ThinkTank

After Refinery Takeoff, Dangote Investors Gain N1.2 Trillion

Business, News Flash, Oil & Gas

Dangote Investors Gain N1.2 Trillion After Refinery Takeoff Spread the loveEquity investors in the stocks of companies under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week. This marked increased appetite in the stocks of the companies listed on the Nigerian Exchange Limited, following the commencement of the production by the Dangote Petrochemical Refinery. Dangote Petroleum Refinery said it had commenced production of diesel and aviation fuel on Friday. The listed companies; Dangote Cement Plc, Dangote Sugar Refinery Plc and NASCON Allied Industries Plc; the latter companies are in the middle of a…

Jan

16

2024

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Private Operators To Handle Port Harcourt Refinery

Business, Economy, News Flash, Oil & Gas

NNPCL To Hand Over Port Harcourt Refinery To Private Operators As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.” In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like…

Jan

15

2024

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Otti Woo Industrialists Back To Aba City

Abia State, Business, Good Governance, News Flash

Otti woo industrialists back to Aba…says his administration has started the process of rebuilding the commercial city Governor Alex Otti of Abia State has appealed to corporate organizations and other individuals who left Aba, the commercial hub of Abia State, due to poor infrastructure to return, as his administration has started the process of rebuilding the commercial city. Otti made the assertion Saturday in Aba, at a “Victory Rally”, organised by party faithful and other residents of the commercial city, to celebrate his affirmation, by the Supreme Court, as the authentic winner of the 2023 Governorship Election in the State.…

Jan

07

2024

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The Race To Wealth – By Nnate Ernest

Columns/Opinions/Letters, Business, Economy

THE RACE TO WEALTH By Nnate Ernest It's fascinating how every person on Earth has a unique path and story of their life. Though there may be similarities in experiences, every individual has a distinct journey. Have you ever wondered why a group of people may embark on a journey together, but some may reach the top effortlessly while some struggle for a long time, while others never make it? The reason could be due to a combination of factors such as privileges, hard work, resilience, competitive spirit, and courage. However, I believe that there is also an element of…