Business

Jun
11
2025
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By Abia ThinkTank
FGN To Train 100,000 Youths Annually In Forex Trading

FGN To Train 100,000 Youths Annually In Forex Trading

Business, FGN, News Flash, Youths
FG To Train 100,000 Youths Annually In Forex Trading The Federal Government has signed a Memorandum of Understanding with Investonaire Academy to train 100,000 young Nigerians every year in foreign exchange trading, as part of efforts to tackle unemployment and drive financial inclusion. This was contained in a statement on Tuesday, signed by the Federal Ministry of Youth Development’s Director of Information and Public Relations, Omolara Esan. The MoU, sealed on Monday in Abuja, will see Nigerian youths equipped with practical skills in forex trading, risk management, and financial literacy, with the aim of preparing them to actively participate in…
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Jun
11
2025
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By Abia ThinkTank
CBEX Resumes In Nigeria, Asks Investors To Deposit $200 To Recover Lost Investments

CBEX Resumes In Nigeria, Asks Investors To Deposit $200 To Recover Lost Investments

Business, Economy, News Flash
CBEX Resumes In Nigeria, Asks Investors To Deposit $200 To Recover Lost Investments A digital financial platform, Crypto Bridge Exchange, otherwise called CBEX, which is a Ponzi scheme, has resumed business across the country weeks after it suddenly halted operation and made away with hundreds of thousands of dollars belonging to unsuspecting Nigerians investors. Investors said they were asked to return to the scheme’s platform to claim their lost investments. “Someone asked me to log into CBEX account this morning that they have returned our balance,” one of the investors told the Peoples Gazette on Tuesday, sharing a screenshot of…
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Jun
09
2025
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By Abia ThinkTank
The Dollar, Yuan, And Naira: A Triangular Guide To Business, East Of The Niger – By Dr. Chukwuemeka Ifegwu Eke

The Dollar, Yuan, And Naira: A Triangular Guide To Business, East Of The Niger – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
The Dollar, Yuan, and Naira: A Triangular Guide to Business, East of the Niger I. Currency Dynamics in Nigeria's Eastern CorridorThe Nigerian Naira (NGN) operates under extreme volatility, heavily influenced by oil prices where petroleum constitutes 40% of Nigeria's GDP. The U.S. Dollar (USD) dominates transactions while the Chinese Yuan (CNY) is critical for machinery, textiles, and electronics sourcing. Key challenges include NGN-USD Volatility where the Naira faces bearish pressure with critical levels at ₦1,562.50/USD (resistance) and ₦1,327.50/USD (support). Aba importers rely on unofficial channels with rates 20-40% higher than official quotes due to dollar scarcity. Direct CNY-NGN conversions remain…
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Jun
06
2025
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By Abia ThinkTank
Abia State’s Commercial Heritage: Historical Context And Economic Backdrop – By Dr. Chukwuemeka Ifegwu Eke

Abia State’s Commercial Heritage: Historical Context And Economic Backdrop – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Historical Context and Economic BackdropAbia State’s commercial heritage forms the bedrock for social entrepreneurship in Aba, Umuahia, and Abiriba. Aba, famously called the "Japan of Africa," built its reputation on indigenous manufacturing, especially in leatherworks and textiles from hubs like Ariaria Market. At its peak, shoemakers exported over two million shoes monthly across West Africa, generating ₦1 billion ($2.5M) annually. Umuahia evolved as an administrative center, while Abiriba nurtured a culture of commerce. Despite this potential, infrastructural neglect—exemplified by the derelict Port Harcourt Road in Aba—hampered growth for decades. Post-2018, social entrepreneurship surged nationally, with ~40% of Nigerian social enterprises…
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May
19
2025
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By Abia ThinkTank
Nigerian Palm Oil About To Get Expensive As Indonesia Increases Export Levy

Nigerian Palm Oil About To Get Expensive As Indonesia Increases Export Levy

Economy, Business, News Flash
Nigerian Palm Oil About To Get Expensive As Indonesia Increases Export Levy Indonesia, the world’s largest producer of palm oil, increased the export tax on crude palm oil (CPO) from 7.5% to 10% on May 17. This policy shift is aimed at financing biofuel initiatives and replanting activities within the country. Nigeria, the world’s fifth-largest palm oil producer, still imports almost half of the two million tons consumed domestically each year. Palm oil has lost its status as the most reasonably priced vegetable oil globally due to supply shortages — including from Malaysia, the world’s second-largest producer. The Indonesian Ministry…
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May
18
2025
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By Abia ThinkTank
Nigerian Breweries Appoints New Managing Director

Nigerian Breweries Appoints New Managing Director

Business, News Flash, Personality
Nigerian Breweries Appoints New Managing Director Nigerian Breweries Plc has announced a leadership transition that will see Mr. Hans Essaadi conclude his role as Managing Director and Chief Executive Officer on June 30, 2025. The Board has appointed Mr. Thibaut François Baptiste Boidin as his successor, with effect from July 1, 2025. According to the company’s statement filed with the Nigerian Exchange Group, Mr. Essaadi will also resign from the Board on June 30, 2025, and subsequently assume a new position as Managing Director of HEINEKEN Poland. Essaadi joined the Board and took over as Managing Director/CEO on July 31,…
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May
12
2025
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By Abia ThinkTank
Abia Needs Regulatory Agency To Curb Arbitrary And Exploitative Pricing Of Goods And Services – By Dr. Ody Ajike, Esq.

Abia Needs Regulatory Agency To Curb Arbitrary And Exploitative Pricing Of Goods And Services – By Dr. Ody Ajike, Esq.

Abia State, Business, Columns/Opinions/Letters, Good Governance
Abia needs a Regulatory Agency. Citizens in Abia are facing arbitrary and exploitative pricing of various goods and services. Citizens are also facing unwholesome practices by Landlords, estate practitioners and other economic actors within the State. The costs of Housing, food items, healthcare,education, oil and gas and other necessary goods and services are on the rise without any justification. Standards are violated, government shortchanged and interests of consumers remain unprotected by the Government. These unfair practice affect the dynamic policies of the State Government and the welfare of citizens. It also reduces the tax net and a lot of revenue…
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May
05
2025
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By Abia ThinkTank
Abia State Government Takes Over ABA Mega Mall, Pays Off All Those With Vested Interests

Abia State Government Takes Over ABA Mega Mall, Pays Off All Those With Vested Interests

Abia State, Business, Economy, Good Governance, News Flash, Religion
ABIA STATE GOVERNMENT TAKES OVER ABA MEGA MALL, PAYS OFF ALL THOSE WITH VESTED INTERESTS. Aba Mega Mall, located at Osisioma LGA, has become full property of the Abia State Government, as the State Government, ably led by Governor Alex Otti, OFR, has paid off all those with vested interests in the strategically located complex that its purpose of establishment could not be realised. Governor Otti disclosed the acquisition and full takeover of the mega-mall on Sunday, 4th May, during the grand finale of a 3-day Mega Crusade of the Lord’s Chosen Charismatic Revival Ministries, which was held in Aba…
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Apr
30
2025
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By Abia ThinkTank
From Market Stalls To Digital Halls: Abia’s Vendors Navigate Cash Realities Amidst Otti’s Tech Revolution – By Dr. Chukwuemeka Ifegwu Eke

From Market Stalls To Digital Halls: Abia’s Vendors Navigate Cash Realities Amidst Otti’s Tech Revolution – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Good Governance
From Market Stalls to Digital Halls: Abia’s Vendors Navigate Cash Realities Amidst Otti’s Tech Revolution! 🌐💵 1. Aba: Ariaria Market’s Cash Reliance Amidst Digital Infrastructure GapsIn Aba’s Ariaria International Market—a hub for SMEs producing footwear, garments, and leather goods—vendors often cite unreliable network connectivity and POS transaction failures as reasons for sticking to cash. For instance, a leatherworks trader in Block C reported losing customers during network downtimes, stating, “Buyers walk away if transfers fail—cash is instant” . Despite this, Governor Otti’s administration has:Installed free Wi-Fi hotspots in strategic market zones to boost connectivity .Revamped Ariaria’s infrastructure with paved roads,…
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Apr
30
2025
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By Abia ThinkTank
Gov. Otti Expresses Willingness To Partner Israeli Agricultural Investors, Says He Is In A Hurry To See The Commencement Of The Proposed Investment

Gov. Otti Expresses Willingness To Partner Israeli Agricultural Investors, Says He Is In A Hurry To See The Commencement Of The Proposed Investment

Abia State, Agriculture, Business, Economy, Good Governance
GOV. OTTI EXPRESSES WILLINGNESS TO PARTNER ISRAELI AGRICULTURAL INVESTORS, SAYS, HE IS IN A HURRY TO SEE THE COMMENCEMENT OF THE PROPOSED INVESTMENT. Abia State Governor, Dr. Alex Otti has expressed his willingness to partner with an Israeli agricultural expert and investors to grow the State's economy. Government Otti was speaking while receiving in audience a delegation of an Israeli based agricultural investor and the Managing Director of ONIDA Development, Mr. Kidron Isreal who called on him in his office. He said that the government can provide land, adding that the provision of land could be the government's own equity…
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