Business - Abia ThinkTank News

Feb

29

2024

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By Abia ThinkTank

NCC Orders MTN, Glo, Airtel, Others To Block Sims Without NIN

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

NCC Orders MTN, Glo, Airtel, Others To Block SIMs Without NIN The Nigerian Communications Commission has reiterated its directive to telecom operators to bar telephone subscribers not linked to their National Identification Numbers on or before February 28, 2024. The Executive Vice Chairman, National Communication Commission, Dr Aminu Maida, spoke at the NCC’s Special Day during the ongoing 45th Kaduna International Trade Fair on Wednesday. Maida who was represented by Mr Reuben Mouka, NCC’s Director of Public Affairs, insisted that as a matter of critical national security, telecom consumers must link their NIN to their SIM. He reaffirmed that the…

Feb

25

2024

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By Abia ThinkTank

President Tinubu Hold Crucial Meeting With Dangote, Elumelu,Others

Business, Economy, FGN, News Flash

President Tinubu Hold Crucial Meeting With Dangote, Elumelu, Others Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, and other members of the private sector. On Sunday, Nigeria's number one man, President Bola Tinubu had a “crucial” meeting with some members of the organised private sector. The meeting is held at the Presidential Villa in Abuja. Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, and…

Feb

24

2024

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By Abia ThinkTank

Customs Begin Nationwide Sale Of Seized Items, Auctions Bag Of Rice For N10,000

Business, News Flash

Customs Begins Nationwide Sale of Seized Items, Auctions Bag of Rice for N10,000 The Nigeria Customs Service (NCS) has commenced the sale of the seized food items to Nigerians nationwide, with a 25 kilogramme bag of rice going for as low as N10,000. Speaking at a media briefing to flag off the sale of the food items yesterday in Lagos, the Comptroller-General of NCS, Bashir Adeniyi, said the initiative was part of the service’s ongoing commitment to safeguarding food security and ensuring the availability of essential food items in the country. He stated that the NCS had secured approval from…

Feb

18

2024

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By Abia ThinkTank

Lagos To Relocate Computer Village

Business, Economy, News Flash

Lagos To Relocate Computer Village The Lagos State Government is set to relocate the Computer Village from Ikeja to Katangua in the Abule-Egba area. The Special Adviser to the Governor on eGIS and Urban Development, Dr Olajide Babatunde, disclosed this on Saturday, during a joint inspection and enforcement exercise carried out by Lagos State Building Control Agency, in conjunction with some law enforcement agencies and other relevant government agencies in charge of emergency related matters. Babatunde said the Lagos State Government was trying to reorganise markets in the state. He said, “We are trying to reorganise all our markets. I…

Feb

17

2024

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By Abia ThinkTank

Soludo’s Heavy Taxation: IPMAN Threatens Strike In South East

Business, Oil & Gas, South East

IPMAN threatens strike in South-East over Soludo’s heavy taxation Leaadership of Independent Petroleum Marketers Association(IPMAN), Enugu Depot says the over taxation of its members by the Anambra state government might lead to down tooling and shutting down fuel selling operations in the state within the next two weeks. Chairman, Mr Chinedu Anyaso who stated this shortly after he was re elected to pilot the Affairs of the members for a second term promised that he will continue to work hard to ameliorate the difficulties facing its members in their businesses. He said the challenge is highly prevalent in Anambra State,…

Feb

17

2024

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By Abia ThinkTank

Escalating Cement Prices: FG Summons Dangote, BUA Others

News Flash, Business, Manufacturing, Works

FG Summons Dangote Plc, BUA Plc, Larfarge, Others Over Escalating Cement Prices The Federal government has said it cannot fold its arms and see the price of cement spiralled out of control The Minister of Works, David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development. According to a statement by the Special Adviser to the Minister on. Media Edward, Uchenna Orji, the Minister was “Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers.” Those invited to the urgent meeting include Dangote…

Feb

14

2024

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By Abia ThinkTank

The Chicken Has Come Home To Roost For NBA – By Dr. Odo Ijere(Okpotemba Ohafia)

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

THE NBA HAS COME A LITTLE LATE TO THE PARTY. This signing of the Enhanced Trade and Investment Partnership ETIP by the Minister of Trade and Investment is simply put a recolonization agenda coming through the back door. This trade deal accommodates British legal practice in Nigeria and does not provide for Nigeria legal practitioners to compete in UK. The real debate about this Enhanced Trade Partnership deal should be whether at this point of our nationhood, there is plausible need for us to resubmit ourselves as a nation to another era of British colonization in view of the fact…

Feb

13

2024

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Has NEPA Frustrated You And Your Business? Help Has Come – By Nnate Ernest

Columns/Opinions/Letters, Business, Power & Energy

HAS NEPA FRUSTRATED YOU BEFORE? By Nnate Ernest Are you tired of constantly dealing with power outages and interruptions in electricity supply? Tired of power interruption when you're watching your favourite TV show or ever imagined what a good power supply feels like. Do you want a reliable and cost-effective solution? Look no further than hybrid inverters! In Nigeria, the power supply can be very poor, and the high cost of fuel to run generators only makes matters worse. However, with a hybrid inverter, you can experience a reliable power supply without having to worry about constant power cuts. And,…

Feb

05

2024

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By Abia ThinkTank

Nationwide Grid Collapse As Power Generation Crashes To Zero Megawatts

Business, Power & Energy

Power Generation Crashes To Zero Megawatts As Grid Collapses Power generation on the national grid crashed to zero megawatts around 1 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the power ministry showed that electricity generation on the grid dropped from 2,407MW around 11.53 am to 31MW by noon on Sunday, before collapsing to 0MW an hour later. This led to widespread blackouts across the country, as power distribution companies blamed it on the collapse of the grid managed by the Transmission Company of Nigeria, an agency of the Federal Government. Kaduna Disco, for…

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…