Business

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 โ€“ 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, โ€œOne 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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Jun
04
2024
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By Abia ThinkTank
Zenith Bank’s First Female GMD Assumes Office

Zenith Bank’s First Female GMD Assumes Office

Business, CBN/Commercial Banking, Economy, News Flash
๐™๐ž๐ง๐ข๐ญ๐ก ๐๐š๐ง๐ค'๐ฌ ๐…๐ข๐ซ๐ฌ๐ญ ๐…๐ž๐ฆ๐š๐ฅ๐ž ๐†๐Œ๐ƒ ๐€๐ฌ๐ฌ๐ฎ๐ฆ๐ž๐ฌ ๐Ž๐Ÿ๐Ÿ๐ข๐œ๐ž The newly appointed Group Managing Director of Zenith Bank Plc, Dr. Adaora Umeoji, assumed duty at the bank's head office in Lagos on Monday. The company revealed this in a video shared on its Facebook page on Monday. The caption read, "Dame (Dr.) Adaora Umeoji OON, Group Managing Director / CEO, Zenith Bank Plc, arrives Zenith Bank Head Office in Lagos." PUNCH Online had earlier reported that the company's secretary, Michael Otu, disclosed in a statement that Umeoji's appointment was effective June 1. Umeoji takes over from the former GMD, Dr. Ebenezer Onyeagwu,…
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Jun
01
2024
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By Abia ThinkTank
Erisco: Court Grants Tomato paste Reviewer, Chioma Okoli N5 Million Bail

Erisco: Court Grants Tomato paste Reviewer, Chioma Okoli N5 Million Bail

Business, Judiciary, News Flash
ERISCO: Court Grants Tomato Paste Reviewer, Chioma Okoli N5Million Bail The Federal High Court sitting in Abuja, on Friday, granted bail to a lady, Chioma Okoli, who has been in detention since 2023 over her alleged negative review of a tomato paste. The court, in a ruling that was delivered by Justice Peter Lifu, granted the defendant bail to the tune of N5million with two sureties in the like sum. Justice Lifu held that one of the sureties must be the defendantโ€™s spouse or blood relative with a verified source of income, stressing that the person must reside within the…
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May
30
2024
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By Abia ThinkTank
President Uyo Chambers Of Commerce Cries Out: Igbos Have Taken Over A’Ibom Economy – By Nsikan Ikpe

President Uyo Chambers Of Commerce Cries Out: Igbos Have Taken Over A’Ibom Economy – By Nsikan Ikpe

Economy, Business, News Flash, South East
President Uyo Chambers of Commerce Cries Out:Igbos Have Taken Over Aโ€™Ibom Economy By Nsikan Ikpe The president of Uyo Chambers of Commerce, Industries, Mines and Agriculture, Obong Ukpong Dan Umoh has expressed concern over the dominance of the Akwa Ibom economy by the Igbos, saying it is time indigenous business people in the state woke up to face the risk involved in business. Ukpong Dan Umoh who was speaking exclusively to The Southern Details at the secretariat of the Uyo Chambers of Commerce, recently, said commerce in Akwa Ibom State is completely dependent on the Igbos. โ€œIf we donโ€™t buy…
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May
30
2024
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By Abia ThinkTank
ABIACENTRIC News Magazine Unveiled In Glamour

ABIACENTRIC News Magazine Unveiled In Glamour

Abia State, Business, Columns/Opinions/Letters, News Flash, People & Events
At yesterday's public presentation of Abiacentric News Magazine, Abia Infrastructure Mandate dignitaries came out in their numbers to cheer the occasion. It was a resounding success to the Glory of God Almighty. Ambassador Osita Offor, who chaired the occasion, Mr Emenike Iroegbu, Engr. Chidiebere Okoh, Architect Eme Uche Onu, Dr. Engr Odo Ijere, Mr Raphael Ukpai, Lady Precious Uwaoma, Lady Uzoma Emezue, Engr Ogbonnaya Emeka Uma, Elder Lekwa Olugu Ezutah, Dr. Uduma Nnate, Elder Ukariwe Odo, Ukoha Njoku Ukoha, Omeiheuku Umuahia. The NUJ Chairman Abia State chapter with his members, and other journalists and civil society who graced the occasion.…
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