Business - Abia ThinkTank News

Feb

2024

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

2024

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By Abia ThinkTank

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

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

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…

Jan

2024

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By Abia ThinkTank

List Of Nigerians Who Own Private Jet And Their Networth

Columns/Opinions/Letters, Business, News Flash

List Of Nigerians Who Own Private Jets And Their Net Worth Owning a private jet in Nigeria isn’t just for convenience, but also a display of wealth and affluence as many Nigerians ranging from politicians, to artists and also pastors have been known to acquire private jets. AMB Reports that on an average, the maintenance of a private jet costs about $500,000 to $1 million (approx. N290 million – N580 million) per year yet people still pay this huge sum. There are also general checks that should be done on a private jet which include ‘C’ checks, software checks, fuel…

Jan

2024

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By Abia ThinkTank

‘S3x Toy Business Is Booming, And We Are One Of The Best’ -Chidi Mokeme

Business, Manufacturing, News Flash

Chidi Mokeme Reacts To Speculations Of Running A S3x Toy Business Veteran Nollywood actor Chidi Mokeme has responded to rumours about his involvement in the sex toy business. During an interview with media personality Chude Jideonwo, Chidi confirmed his venture into the sex toys industry, revealing that he initiated it a few years ago and that it has been successful. He said: ‘‘I did start a s3x toy business, and that business is one of the best out there. It’s booming, and that’s how I know. We run it the way we do because people want to keep it hidden.…

Jan

2024

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By Abia ThinkTank

Relocation Of FAAN Headquarters: FGN Give 7 Reasons

Business, News Flash, Presidency

7 Real Reasons FAAN Headquarters Was Relocated From Abuja To Lagos The Federal Government on Thursday, January 18, relocated the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. This was disclosed in a circular by the Managing Director and Chief Executive Officer of FAAN, Olubunmi Kuku. According to Kuku, the Minister of Aviation and Aerospace, Festus Keyamo, gave the directive to move the headquarters to Lagos. FAAN was established in 1976 as Airports Authority of Nigeria. However, the Civil Aviation reform of 1995 brought about the realignment of some of the functionalities of NAA as…

Jan

2024

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Wait!! You Haven’t Used Zinox Technologies? Join The Revolution – By Nnate Ernest

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

WAIT!! YOU HAVEN'T USED ZINOX TECHNOLOGIES? Join The Revolution -By Nnate Ernest Get ready to be blown away by the incredible and bold feat of Zinox Technologies! This revolutionary company has completely transformed the Nigerian ICT landscape by pioneering computer production and ICT solutions in West Africa. As the first indigenous computer manufacturer in Nigeria to receive international certification, Zinox prides itself on cementing its position as a big player in the tech industry. But that's not all - Zinox's state-of-the-art computerized digital assembly plant in Lagos is the first and only one of its kind in West Africa, with…

Jan

2024

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DisCos Warned Against Extorting Communities For Transformer, Other Electrical Repairs

Business, FGN, News Flash, Power & Energy

Minister Warns DisCos Against Extorting Communities For Transformer, Other Electrical Repairs The Tinubu administration has finally warned electricity Distribution Companies of Nigeria (DisCos) against their disturbing penchant of asking residents of communities to contribute funds to buy electricity transformers and other materials on their own. Minister of Power, Adebayo Adelabu, gave the warning against the misnomer at a meeting with the management of Ibadan Electricity Distribution Company (IBDEC) during a facility tour in Oyo State. The minister said the Buhari administration is always committed to providing every need of the people to improve their living standard. He also expressed disappointment…

Jan

2024

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By Abia ThinkTank

After Refinery Takeoff, Dangote Investors Gain N1.2 Trillion

Business, News Flash, Oil & Gas

Dangote Investors Gain N1.2 Trillion After Refinery Takeoff Spread the loveEquity investors in the stocks of companies under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week. This marked increased appetite in the stocks of the companies listed on the Nigerian Exchange Limited, following the commencement of the production by the Dangote Petrochemical Refinery. Dangote Petroleum Refinery said it had commenced production of diesel and aviation fuel on Friday. The listed companies; Dangote Cement Plc, Dangote Sugar Refinery Plc and NASCON Allied Industries Plc; the latter companies are in the middle of a…