Business

Apr
08
2024
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By Abia ThinkTank
Air Peace Aircraft Named Ojochide, Reflects Cultural Harmony – Mgt

Air Peace Aircraft Named Ojochide, Reflects Cultural Harmony – Mgt

Business, Columns/Opinions/Letters, News Flash, Transportation
✈️🛫🛬🛩️AIR PEACE AIRCRAFT NAMED OJOCHIDE! REFLECTS CULTURAL HARMONY Airpeace, a renowned Nigerian airline🌍, named some of its aircraft "Ojochide." The word "Ojochide" is derived from the Igala language, spoken by the Igala people of Kogi State, Nigeria. In Igala, "Ojochide" means "God is my guardian or protector." The CEO of Airpeace, Chief Allen, hails from Anambra State, while his wife Alice Ojochida Onyema is from the Igala community in Kogi State. Their union symbolizes the coming together of different cultures and backgrounds. Copied ✍️✍️✍️✍️
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Apr
05
2024
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By Abia ThinkTank
Gov Otti Assures Original Shop Owners Of The Remodeled Ariaria Market Of First Right Of Refusal

Gov Otti Assures Original Shop Owners Of The Remodeled Ariaria Market Of First Right Of Refusal

Business, Columns/Opinions/Letters, Economy, News Flash
Governor Alex Otti has directed that original shop owners of the remodeled A-line of Ariaria International Market, should be given the first right of refusal in the remodeled market. The Governor said he got complaints from some of the original shop owners that the contractor was trying to sell their shops to money bags. Gov. Otti who spoke with newsmen in Umuahia said he would not allow the original shop owners at the market to be shortchanged for any reason. He said that he was told there were about 4000 shops originally but there would be additional 1000 shops after…
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Apr
04
2024
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By Abia ThinkTank
Court Adjourns Binance Tax Evasion Case To April 19

Court Adjourns Binance Tax Evasion Case To April 19

Crime, Business, CBN/Commercial Banking, Economy, Judiciary
Court Adjourns Binance Tax Evasion Case Till April 19 A Federal High Court in Abuja has adjourned the tax evasion case involving Binance Holdings Limited and its executives. The Federal Inland Revenue Service had dragged the firm to court for tax evasion. Also joined in the suit are officials of the company, Tigran Gambaryan, and fleeing Nadeem Anjarwalla. In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the FIRS for the purpose of paying all relevant taxes administered by the service. The FIRS also alleged that while it was offering taxable services to subscribers on its…
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Apr
04
2024
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By Abia ThinkTank
Edo Refinery Received 15,000 Barrels Of Crude From Oza Oil

Edo Refinery Received 15,000 Barrels Of Crude From Oza Oil

Business, Economy, News Flash, Oil & Gas
Edo Refinery Receives 15,000 Barrels Of Crude From Oza Oil The Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and Millenium Oil and Gas Company Limited. The Chief Executive Officer of Decklar Resources, Sanmi Famuyide, who disclosed this in a statement on Wednesday, noted that the company has continued ongoing crude oil injection volumes into the Trans Niger Pipeline for transport to and export from the Bonny Export Terminal. The refinery was developed by the Edo Refinery and Petrochemical Company Limited and…
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Mar
29
2024
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By Abia ThinkTank
CBN Raises Commercial Banks Capital Base To N500 Billion

CBN Raises Commercial Banks Capital Base To N500 Billion

CBN/Commercial Banking, Business, Economy, News Flash
CBN Raises Commercial Banks Capital Base To N500 Billion The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to N500bn and national banks to N200bn. The apex bank announced this in a statement signed by its Acting Director, Corporate Communications, Sidi Ali, in Abuja on Thursday. The CBN’s move mandates substantial increases in the minimum capital base for banks, varying by the scope of their operations. The latest policy directive specifies that commercial banks with international authorisation are now required to shore up their capital base to N500bn. She added…
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Mar
29
2024
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By Abia ThinkTank
Abia House Of Assembly Sent Delegates To Innoson CEO At Nnewi…

Abia House Of Assembly Sent Delegates To Innoson CEO At Nnewi…

Business, Economy, Good Governance, House Of Assembly, News Flash
Yesterday, I led a delegation from the Abia State House of Assembly and some members of Labour Party who are in Nnewi for Labour Party Convention to Chief Innocent Chukwuma, the CEO of Innoson Vehicles , at his residence in Nnewi, Anambra State. Our discussions centered on the ongoing manufacturing of special brand official vehicles for the 24 House of Assembly members of Abia State. We received assurances that these 24 official vehicles would be delivered to us by April 2024. The present Abia State Government remains committed to patronizing locally made products to stimulate the growth of the Naira.…
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Mar
29
2024
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By Abia ThinkTank
“I Had Studio In My Father’s House But He Didn’t Know. I Mastered To Record And Produce Myself.” – Davido

“I Had Studio In My Father’s House But He Didn’t Know. I Mastered To Record And Produce Myself.” – Davido

Business, Entertainment, Gossips, News Flash
"I had studio in my fathers house but he didn't know. I mastered to record and produce myself." Davido "Our house was a very big mansion, it had more than 20 so I used one as a studio and my father didn't know. So I was in the first floor and he was in the top floor and once he comes back from work he goes into the elevator and goes straight to his room. So he never hear the studio. But when I finished highschool, I moved to America for college. I first moved to Tennessee but I was…
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Mar
26
2024
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By Abia ThinkTank
CBN Raises Interest Rate To 24.75%

CBN Raises Interest Rate To 24.75%

Business, CBN/Commercial Banking, Economy, News Flash
CBN Raises Interest Rate To 24.75 Percent The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new interest rate is a jump from the 22.75 percent announced by the MPC about a month ago. It is the second rate hike by the committee in two months. Details later…
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Mar
25
2024
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By Abia ThinkTank
CBN Sell $10,000 To BDCs @ N1,251/$

CBN Sell $10,000 To BDCs @ N1,251/$

Business, CBN/Commercial Banking, Economy, FGN, News Flash
CBN Sell $10,000 To BDCs @ N1,251/$ The development comes after the CBN’s prolonged ban on forex sales to BDC operators. In the circular signed by the bank’s Director of Trade and Exchange Department, Dr Hassan Mahmud, on Monday, each BDC is directed to sell the purchased dollars to eligible customers at a rate not exceeding 1.5 per cent above the purchase price, which translates to a maximum selling rate of N1,269/$1. The CBN had previously announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country in February, marking a significant…
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