Business

Jun
25
2024
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By Abia ThinkTank
Tinubu Appoints New Consumer Protection Commission CEO

Tinubu Appoints New Consumer Protection Commission CEO

Economy, Business, FGN, News Flash, Presidency
Tinubu Appoints New Consumer Protection Commission CEO President Bola Tinubu has approved the appointment of Mr. Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in a statement disclosed that the appointment is subject to confirmation by the Senate. Mr. Bello is a lawyer, administrator, and renowned journalist. He is the former secretary to the Lagos State Government and holds a Master’s degree in International Law and Diplomacy from the University of Lagos. He also studied Law at the same…
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Jun
12
2024
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By Abia ThinkTank
Dangote Refinery Reveals New Date To Kickstart Petrol Supply

Dangote Refinery Reveals New Date To Kickstart Petrol Supply

Business, Economy, News Flash, Oil & Gas
Dangote Refinery Reveals New Date To Kickstart Petrol Supply Dangote Petroleum Refinery and Petrochemicals in Lagos State has moved the supply date for Premium Motor Spirit (PMS) popularly known as petrol from June to mid-July. The President and Chief Executive Officer of the refinery, Aliko Dangote, attributed the postponement to slight delay but assured the public that by second to third week in July, the premium commodity would be in the market. Dangote spoke when he received a Senate delegation led by Senate President Godswill Akpabio, on a tour of the $20 billion facility in Lagos on Sunday. He said,…
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Jun
12
2024
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By Abia ThinkTank
Turkish Investors Visit Gov Otti, Positions ABIA As Hub For Organic Fertilizer Production, Sales

Turkish Investors Visit Gov Otti, Positions ABIA As Hub For Organic Fertilizer Production, Sales

Business, Economy, Good Governance, News Flash
TURKISH INVESTORS VISIT GOV OTTI, POSITIONS ABIA AS HUB FOR ORGANIC FERTILISER PRODUCTION, SALES Abia State Governor, Dr. Alex Otti, OFR, has expressed excitement at the prospect of Abia being the hub for organic fertiliser production in Nigeria. Governor Otti said his administration would do all that is necessary to enable a group of investors from Turkey set up organic fertiliser production plants, which would derive its raw material from the sediments underneath rivers, lakes and swamps, saying that the State is open for business. The Governor spoke on Tuesday when he received the executives of Alliance Enterprises Limited, Turkey,…
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Jun
11
2024
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By Abia ThinkTank
Petrol Price Can’t Drop As Low As N300/Litre – Major Marketers

Petrol Price Can’t Drop As Low As N300/Litre – Major Marketers

Economy, Business, Oil & Gas
Petrol Price Can’t Drop As Low As ₦300/Litre: Major Marketers Oil marketers under the aegis of the Major Energy Marketers Association of Nigeria (MEMAN), were reacting to a report (Not Channels Television), that the pump price of Premium Motor Spirit, will drop to about ₦300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular refineries. However, they pointed out that this would be achieved when the government ensured the provision of adequate crude oil to local refiners, stressing that refineries abroad were ripping off Nigeria. “A lot of companies today benefit…
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Jun
10
2024
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By Abia ThinkTank
Nigerian Senate Leadership Visits Dangote Refinery, Fertilizer Plant, Truck Assembling Plant And Ports In Lagos

Nigerian Senate Leadership Visits Dangote Refinery, Fertilizer Plant, Truck Assembling Plant And Ports In Lagos

Business, Economy, National Assembly, News Flash
Nigerian Senate Leadership Visits Dangote Refinery, Fertilizer Plant,Truck Assembling Plant and Ports In Lagos "The impending availability of locally refined petroleum products remains the key to unlocking Nigeria's economic growth", Senator Dr. Ifeanyi Ubah, CON. Lagos, Nigeria - June 7- 9, 2024: The Nigerian Senate leadership, led by Senate President Godswill Akpabio, conducted a three-day visit to Lagos State, inspecting key projects in the oil and gas industry and exploring ways to enhance Nigeria's economic growth. Friday, June 7- Arrival and Presentation at Eko Hotel: The Senate leadership arrived in Lagos on Friday and attended a presentation at Eko Hotel,…
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Jun
09
2024
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By Abia ThinkTank
Crude Oil Thieves, Illegal Refiners Are Enemies Of The State, Gov Otti Says, Urges Action

Crude Oil Thieves, Illegal Refiners Are Enemies Of The State, Gov Otti Says, Urges Action

Abia State, Business, Crime, Good Governance, News Flash, Oil & Gas
CRUDE OIL THIEVES, ILLEGAL REFINERS ARE ENEMIES OF THE STATE, GOV OTTI SAYS, URGES ACTION Abia State Governor, Dr. Alex Otti, OFR, has described those who engage in the stealing and illegal refining of the nation's crude oil as enemies of the state and should be treated as such. Consequently, Governor Otti urged members of the Joint Task Force South South, Operation Delta Safe, to intensify their fight against oil theft and illegal operation of refineries in the State. The Governor expressed this view on Friday, when he received a delegation of the sector commanders of the Joint Task Force…
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Jun
08
2024
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By Abia ThinkTank
Tribunal Fines Multichoice N150m, Order Free One-month DSTV, Gotv Subscriptions

Tribunal Fines Multichoice N150m, Order Free One-month DSTV, Gotv Subscriptions

Business, Judiciary, News Flash
Tribunal Fines Multichoice N150m, Order Free One-month DStv, Gotv Subscriptions Pan television service provider, Multichoice Nig. Ltd has been fined N150 million by the Competition and Consumer Protection Tribunal (CCPT) for disobeying its order on subscription rates hike for DStv and Gotv packages. The tribunal, sitting in Abuja, also ordered the PayTv operator to give a one-month free subscription to all its Nigerian subscribers on the DStv and Gotv platforms, for flouting its order. The three-member tribunal chaired by Thomas Okosun in a ruling, found Multichoice culpable of contempt, by flouting its earlier order restraining the PayTv operator from implementing…
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Jun
07
2024
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By Abia ThinkTank
FGN Has Not Resumed Fuel Subsidy – Presidency Disowns Leaked Fiscal Policy Documents

FGN Has Not Resumed Fuel Subsidy – Presidency Disowns Leaked Fiscal Policy Documents

Business, Economy, FGN, News Flash
FG Has Not Resumed Fuel Subsidy – Presidency Disowns Leaked Fiscal Policy Documents The Federal Government has reacted to leaked fiscal policy documents which suggested that the government had resumed payment of petrol subsidy. In a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga on Thursday, the Presidency dismissed the documents as unapproved policy proposals. He, however, said they are still subject to review and not official government documents. He said, “One of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were…
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Jun
07
2024
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By Abia ThinkTank
Abia To Join Global Quality Shoe Making List As Comfort Stevens Prepares To Open Factory

Abia To Join Global Quality Shoe Making List As Comfort Stevens Prepares To Open Factory

Abia State, Business, Economy, Good Governance, News Flash
ABIA TO JOIN GLOBAL QUALITY SHOE MAKING LIST AS COMFORT STEVENS PREPARES TO OPEN FACTORY Abia State Governor, Dr. Alex Otti, OFR, says his administration is working very hard to clean up the business environment and make it conducive for new investments as well as bring back old ones that had left the state in the past due to unhealthy government policies. Governor Otti said that capital, by way of investment, is devoid of emotion and sentiment and only goes to places where the environment is conducive for it to thrive and flourish. "You may choose to relocate abroad in…
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Jun
06
2024
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By Abia ThinkTank
FGN To Suspend Import Duties On Staple Food Items, Drugs, Others For 6 Months To Ease Inflation

FGN To Suspend Import Duties On Staple Food Items, Drugs, Others For 6 Months To Ease Inflation

Economy, Business, FGN, News Flash
FG To Suspend Import Duties On Staple Food Items, Drugs, Others For Six Months To Ease Inflation The Federal Government is considering a six-month suspension of import duties on staple food items, drugs, and other essential items as a measure to curb inflation, according to a report seen by Nairametrics. This is contained in a document sent to President Bola Tinubu for review and approval The document also includes plans to waive levies on fertilizers, poultry feed, flour, and grains. Bloomberg reported that President Tinubu is yet to sign the document for implementation. The Inflation Reduction and Price Stability Order,…
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