Business

Oct
28
2023
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By Abia ThinkTank
BUA Cement Sellers Reveal Why Prices Are Still High

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…
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Oct
25
2023
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By Abia ThinkTank
Nigeria Bleeds As The Naira Hits Lowest In All Markets After FG’s Promise To Crash The Dollar.

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…
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Oct
17
2023
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By Abia ThinkTank
Tony Elumelu Reveals The Role Chief Ebitimi Banigo Played In His Journey Of Wealth

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…
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Oct
17
2023
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By Abia ThinkTank
Nigeria, Africa’s Largest Information Technology (IT) Market; Need For Effective Utilization For Nation Building – Nnate Ernest(Information Technologist)

Nigeria, Africa’s Largest Information Technology (IT) Market; Need For Effective Utilization For Nation Building – Nnate Ernest(Information Technologist)

Columns/Opinions/Letters, Business, Information Technology
IMPACT OF INFORMATION TECHNOLOGY FOR NATION BUILDING IN NIGERIA.By Nnate Ernest Nigeria is regarded as Africa's Largest Information technology (IT) market with about 82% of the continent's telecom subscribers and 29% of internet usage.The government of Nigeria recognizes IT as the enabler for developing other critical sectors including education, healthcare, agriculture, and manufacturing. What is information technology ? IT is the use of any computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data.However, IT is used in the context of organisation/business operations as opposed to technology used…
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Oct
16
2023
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By Abia ThinkTank
Fuel Scarcity Hits Lagos And Environs; Scarcity Attributed To Bad Roads And High Cost Of Diesel For Distribution

Fuel Scarcity Hits Lagos And Environs; Scarcity Attributed To Bad Roads And High Cost Of Diesel For Distribution

Business, Lagos, Oil & Gas
Fuel Scarcity Hits Lagos And Environs As Most Petrol Stations Are Shut Petrol: Oil marketers shut filling stations as scarcity spreads to Lagos, environsTHERE were indications, yesterday, that petrol scarcity has returned to Lagos and its environs as many oil marketers shut their outlets against motorists and other buyers. The scarcity was noticed in Abuja and environs last week, development oil marketers had attributed to bad roads and high cost of diesel for distribution. But checks by Vanguard, over the weekend, indicated that many independent and major oil marketers were not open for business, leaving only the NNPC Limited to…
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Oct
09
2023
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By Abia ThinkTank
Meet Pastor Jerry Eze, The Digital Evangelist Who Has Earned Almost N1bn From YouTube; Not Tithes, Not Offerings.

Meet Pastor Jerry Eze, The Digital Evangelist Who Has Earned Almost N1bn From YouTube; Not Tithes, Not Offerings.

Abia State, Business, Religion
No Tithes, No Offerings: Meet Pastor Jerry Eze, the Digital Evangelist Who Has Earned Almost N1bn From YouTube Pastor Jerry Eze has earned about N867.1 million from his YouTube channel, which has over 1 million subscribers. He conducts daily and weekly prayers on YouTube and earns an average of N3 million daily from the channel. He also creates thousands of videos that have made him one of the highest-paid. A Nigerian preacher, Pastor Jerry Uchechukwu Eze, has found fame and fortune from leading prayers on YouTube. His prayer videos, which are watched and followed by over a million viewers on…
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Oct
08
2023
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By Abia ThinkTank
11 Operational Newly Licensed Independent Electricity Distribution Network Operators(See List)

11 Operational Newly Licensed Independent Electricity Distribution Network Operators(See List)

Abuja, Business, Power & Energy
11 Newly Licensed Independent Electricity Distribution Network Operators (See Full List) The Federal Government earlier this week announced that it had issued licences to 17 Independent Electricity Distribution Network operators, among which 11 are currently operational. The report was disclosed by the FG in the 2022 Market Competition Report released on Tuesday by the Nigeria Electricity Regulatory Commission, an agency of the Federal Government. The report, made available to The PUNCH, reads in part, “The commission has also licensed 17 Independent Electricity Distribution Network operators of which 11 are operational.” The 11 operators include: Gateway Electricity Limited Energy Company of…
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Oct
02
2023
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By Abia ThinkTank
AIIP Project: Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener

AIIP Project: Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener

Abia State, Business, Good Governance
AIIP Project: Gov. Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener The leadership of United Abia Artistes and Patriots (UAAP), has described the Abia Industrial Innovation Park (AIIP) project at Owaza in Ukwa west LGA which was flagged off on Saturday 30th September 2023 by Governor Alex Chioma Otti OFR as a revolutionary project that will reposition the economy of Abia State. While speaking at the sideline of the project launch, the Convener of UAAP Amb. Dr. Osita Offor ‘Ultimate Commander’, posited that UAAP is extremely happy that Governor Alex Otti is doing…
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Oct
02
2023
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By Abia ThinkTank
BUA Cement To Sell At N3,500 Per Bag In All Outlets Effective 2nd October, 2023

BUA Cement To Sell At N3,500 Per Bag In All Outlets Effective 2nd October, 2023

Business, Economy
BUA Cement Plc, the second-largest cement producer in the Nigerian market, has announced the reduction of the price of cement to N3,500. The company, in a Press release on Sunday, October 1, said the new price will become effective on Monday, October 2. President Tinubu is excited about BUA Cement's reduction of the price of cement to N3,500 per bag. The current price of cement before the announcement is about N5,000 per bag. BUA Cement, owned by billionaire businessman Abdul Samad Rabiu, has a total combined installed capacity of 11 million mtpa. Meanwhile, Dada Olusegun, the Special Assistant to President…
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Sep
13
2023
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By Abia ThinkTank
Air Peace Begins Direct Flights To Saudi Arabia

Air Peace Begins Direct Flights To Saudi Arabia

Business, Transportation
Air Peace Begins Direct Flights To Saudi Arabia West and Central Africa’s largest carrier, Air Peace, has concluded plans to commence direct flights from Nigeria to Jeddah, Saudi Arabia. The inaugural flight is slated to take place in October 2023. The airline made this disclosure during an engagement session with travel agents in Kano yesterday. Lagos and Kano to Jeddah will operate three days every week with a possible connection from Abuja. However, while commenting on the development, Air Peace’s Ground Operations Manager, Ayodeji Adeyemi, stated that the connectivity would be direct using the luxury Boeing 777. He commended the…
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