Business - Abia ThinkTank News

Nov

23

2023

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By Abia ThinkTank

Jubilation As Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres

Business, News Flash, Oil & Gas

Jubilation As A Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres A refinery located in Imo state has commenced operation in the country to contribute to solving the problem facing over 200million citizens. The refinery, located in Imo State, is already producing over 600 million litres of various products and dispatching 20 trucks daily. The federal government of Nigeria has praised the Waltersmith Modular Refinery for its contribution to meeting Nigeria’s energy needs at a crucial stage. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who visited the refinery, stated that he was “very proud” of…

Nov

22

2023

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By Abia ThinkTank

FIRS Demands Tax Compliance By Crude Lifting Shipping Firms

Business, News Flash, Oil & Gas

FIRS Demands Tax Compliance By Crude Lifting Shipping Firms The Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge in Lagos at a workshop on taxation of non-resident shipping companies organised by the FIRS in conjunction with Oil Producers Trade Section (OPTS) on Monday. He said the tax compliance exercise commenced by FIRS on the activities of foreign shipping companies lifting hydrocarbons from Nigeria was part of measures aimed at widening the tax net in order…

Nov

11

2023

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By Abia ThinkTank

Just-In: Dangote Set To Refund $4.89B To CBN

Business, CBN/Commercial Banking, Economy, News Flash

BREAKING NEWS Dangote set to refund $4.89B to CBN.The expected rapidly appreciating Naira is set to gain more value as the Chairman and CEO of Dangote Refinery is set to refund $4.89B out of the laundered FX during Emiefele's regime as the CBN Governor.A total of over $12B was set to have been laundered by the world's richest black man during this period.FX speculators are set for a surprise decline in dollars to Naira exchange over the next few days as a result of this refund. Similarly, the lien on the $11B of the federal reserve has been lifted on…

Nov

09

2023

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By Abia ThinkTank

Betta Edu In Abeokuta Market, Expresses FG Readiness To Lift 100,000 People From Poverty Through Subsidized Adore Production Scheme

Business, Economy, News Flash, Women Empowerment

💥BOOM Betta Edu In Abeokuta Markets, Expresses FG Readiness To Lift 100,000 people from poverty through Subsidize Adire production scheme. It was excitement for the market men and women in Itoku and Asero Markets in Abeokuta, the Ogun State Capital, as the Minister for Humanitarian Affairs and Poverty Alleviation,Dr Betta Edu announced the readiness of President Tinubu's Renewed Hope Agenda to support locally produced Adire for local and international Market. She also took time to sensitize the market women on the market monies program and other social safety net programs from the ministry. The Minister said federal Government will invest…

Nov

07

2023

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By Abia ThinkTank

OPay Named Winner Of Fintech Award In The Just Concluded Digital Nigeria 2023 Dinner.

Business, CBN/Commercial Banking, Information Technology

OPay Dear valued customers and stakeholders We have wonderful news! OPay has been named winner of the Fintech Award in the just concluded Digital Nigeria 2023 Dinner, organised by the National Information Technology Development Agency (NITDA). The National Information Technology Development Agency (NITDA) is a government agency with the mandate to create a framework for the planning, research, development, standardization, application, coordination, monitoring, evaluation, and regulation of Information Technology practices in Nigeria. Management wish to sincerely appreciate our esteemed customers who support and trust us for their financial needs. Our mission to make financial services more inclusive through technology remains…

Nov

04

2023

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By Abia ThinkTank

Aba Agog Yesterday As Gov. Otti, Pastor Lazarus Muoka Officially Commission Aba GSM Village

Abia State, Business, Telecommunications

ABA AGOG TODAY AS GOV. ALEX OTTI, PASTOR LAZARUS MUOKA OFFICIALLY COMMISSIONS ABA GSM VILLAGE The Aba ICT center of studies and GSM mall (Aba GSM Village) Facilitated by the Abia GSM and components dealers Association, ably led by their chairman, Nze George Ezeibekwe,was officially launched today by the executive governor of Abia state represented by the Hon. Commissioner for science and technology, Hon. Chima Oriaku, the Abia state house of assembly speaker, Rt. Hon. Emmanuel Emeruwa and the founder/G.O. of the lord's chosen charismatic revival movement, pastor Lazarus muoka. The large and serene edifice located at Danfodio/Etche road by…

Oct

29

2023

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Lagos State New Commissioner Shut Down Selected Markets(See List)

Lagos, Business, Urban Planning/ Lands

List Of Markets Shut By New Lagos Commissioner Lagos State Government has shut down a few markets owing to waste management and other environmental infractions. The markets were closed in a joint operation by enforcement officers from Lagos Waste Management Authority (LAWMA) and Lagos Environmental Sanitation Corps (KAI) on the directives of Commissioner for the Environment and Water Resources, Tokunbo Wahab. Here is a list of markets that have been shut down: Ladipo Market Alaba Rago Market in Ojo Alade Market in Ikeja Mile 12 market Owode Onirin market Oyingbo market Alamutu Ologede market Ile-Epo Oke Odo market Alaba International…

Oct

28

2023

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By Abia ThinkTank

BUA Cement Sellers Reveal Why Prices Are Still High

Economy, Business, News Flash

BUA Cement sellers reveal why prices are still high BUA reveals reason for price slash The company announced the decision after BUA Cement founder Abdul Samad Rabiu visited President Bola Tinubu on September 16, 2023. According to the statement by the company announcing the price slash, the move is part of its ongoing effort to boost its production capacity to 17 million metric tonnes per annum before the end of 2023. Findings reveal that four weeks after, the price of BUA Cement has remained unchanged and is still sold above N5,000 in some depots in Lagos and Ogun states. Retailers…

Oct

25

2023

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Nigeria Bleeds As The Naira Hits Lowest In All Markets After FG’s Promise To Crash The Dollar.

Business, CBN/Commercial Banking, Economy

"No More N1,210/$:" Naira Hits Lowest in All Markets After FG's Promise to Crash The Dollar The Naira plummeted to its lowest in history on Tuesday, October 24, 2023, trading at N1,310 per dollar on the black market It also crashed in the official NAFEM market, trading at N847.77 per dollar as Nigeria says it expects a $10 billion inflow. Analysts predict that the Naira may hit N2,000 before Christmas as Nigeria continues to battle Forex crunch. Naira again made history on Tuesday, October 24, 2023, when it hit its lowest on the streets against the US dollar, where it…

Oct

17

2023

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By Abia ThinkTank

Tony Elumelu Reveals The Role Chief Ebitimi Banigo Played In His Journey Of Wealth

Business, Philanthropy

Tony Elumelu Reveals The Role Chief Ebitimi Banigo Played In His Journey Of Wealth "It started with Chief Banigo taking the time to read my application letter” Extraordinary entrepreneur, Tony Elumelu has revealed the influences of Ebitimi Banigo in his career. Banigo who is the Amanyanabo of Okpoama Kingdom is a former Chief Executive Officer and ex-Minister of Science and Technology. Along with a group of investors, Banigo founded the Allstates Trust Bank – where Elumelu came into contact with him – in 1988. Elumelu who is playing a frontline role in transforming Africa into a better place for all…