Business - Abia ThinkTank News

Mar

30

2025

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By Abia ThinkTank

Enugu Air Will Boost Connectivity, Economy, Job Opportunities – Airport Manager

Business, Interviews, News Flash, South East, Transportation

Enugu Air will boost connectivity, economy, job opportunities – Airport Manager One of the aircraft of the newly established Enugu Air shortly after landing at Akanu Ibiam International Airport, Enugu, Enugu State The Regional Manager, South East Airports and Manager of Akanu Ibiam International Airport (AIIA), FederalAirportsAuthorityofNigeria (FAAN), Hilary Umunna has said the newly established Enugu Air is expected to significantly boost passengers traffic, increase revenue generation for both the Federal and State and create job opportunities within the aviation ecosystem. The first batch of the airline’s fleet was received at the airport on Friday, March 28, 2025 “The new…

Mar

28

2025

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The New Architects Of Change: How Abia’s Young Visionaries Are Redefining NGO Impact Through Technology And Collaboration – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Youths

The New Architects of Change: How Abia's Young Visionaries Are Redefining NGO Impact Through Technology and Collaboration#YouthInnovation #NextGenLeadership In the dynamic socio-political landscape of Abia State, youth-led non-governmental organizations (NGOs) have emerged as pivotal actors in driving grassroots development and fostering civic engagement, particularly in the post-1999 democratic era. Historically, Abia’s youth have been instrumental in advocating for social justice, educational reform, and economic empowerment, but the proliferation of internet technologies since the early 21st century has catalyzed a transformative shift in their operational methodologies. Organizations such as the Abia Youth Initiative for Sustainable Development (AYISD), founded in 2012, and…

Mar

25

2025

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By Abia ThinkTank

Weekly Market Surveillance Report: Consumer And Non-Consumer Price Trends In ABA, Umuahia And Ohafia – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance

Weekly Market Surveillance Report: Consumer and Non-Consumer Price Trends in Aba, Umuahia, and Ohafia IntroductionOver the past week, a detailed surveillance of market price trends was conducted across Aba, Umuahia, and Ohafia to assess fluctuations in both consumer goods (e.g., food, electronics) and non-consumer items (e.g., construction materials, agricultural tools). The exercise aimed to identify regional disparities, seasonal influences, and policy impacts. Data was gathered through field surveys, vendor interviews, and cross-referenced with trade associations and local government bulletins. Stakeholders, including traders, farmers, and officials, shared insights on recent developments, with many acknowledging Governor Alex Otti’s interventions in addressing infrastructural…

Mar

25

2025

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Gov. Otti Plans To Revitalize Ogwe Golden Chicken, Welcomes Investment Offer From An Israeli Livestock Company

Abia State, Agriculture, Business, Economy, Good Governance

GOV. OTTI PLANS TO REVITALIZE OGWE GOLDEN CHICKEN, WELCOMES INVESTMENT OFFER FROM AN ISRAELI LIVESTOCK COMPANY. Abia state Governor, Dr. Alex Otti, OFR, says his administration is advancing plans to revitalize the moribund Ogwe Golden Chicken for the economic development of the State. Governor Otti disclosed this while receiving in audience a delegation of an Israeli - Agro business Investment Company, AgroTop Isreal led by the Business Development Manager, Mr. Ofer Zuntz and their development partners from Max Agro Farm. The Governor while noting that his administration is undertaking the resuscitation of similar moribund State's investments abandoned by previous administrations…

Mar

23

2025

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By Abia ThinkTank

Petrol Marketers May Sell In Dollars If Naira-For-Crude Deal Fails – IPMAN

Business, News Flash, Oil & Gas

Petrol Marketers May Sell In Dollars If Naira-For-Crude Deal Fails – IPMAN The National Publicity Secretary of the Independent Petroleum Marketers of Nigeria (IPMAN) Chinedu Ukadike has said that petrol marketers may be forced to retail petroleum products in dollars following the decision of the Dangote Petroleum Refinery to end the sale of petroleum products in Naira and sell in the dollar. This follows the expiration of the first phase of the Naira-for-Crude arrangement between the federal government and local refineries, including Dangote. In a telephone interview with Nairametrics, Ukadike said he was shocked by the announcement by the Dangote…

Mar

23

2025

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A Critical Examination Of First Bank Of Nigeria’s Rebuttal In The Agbai Eke Allegations: Trust, Protocol, And Institutional Accountability – By Dr. Chukwuemeka Ifegwu Eke

Business, CBN/Commercial Banking, Columns/Opinions/Letters, Economy

A Critical Examination of First Bank of Nigeria’s Rebuttal in the Agbai Eke Allegations: Trust, Protocol, and Institutional Accountability The edifice of banking, an institution predicated on the inviolable sanctity of trust, stands imperiled when its custodians appear cavalier in their stewardship. The recent imbroglio involving First Bank of Nigeria and Dr. Agbai Eke, who alleges a staggering N550 million fraud, has ignited public consternation, casting a pall over the institution’s venerable legacy. The bank’s terse dismissal of these claims as “baseless” and “unfounded” demands rigorous scrutiny, not merely for its legal implications but for the profound existential questions it…

Mar

21

2025

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Gov. Otti Invites Sinoma Company To Establish Its Factory In ABIA, Says ABIA State Is Willing To Partner With Investors

Abia State, Business, Economy, Good Governance

GOV. OTTI INVITES SINOMA COMPANY TO ESTABLISH ITS FACTORY IN ABIA, SAYS ABIA STATE IS WILLING TO PARTNER WITH INVESTORS. Abia State Governor, Dr. Alex Otti has invited the SINOMA Materials Company Nigeria Limited to establish its factory in Abia State saying that the State will be happy to partner the company in that regard. Governor Otti was speaking during a business meeting he held with a delegation from Sinoma Materials Company Nigeria Limited led by its Chairman, Mr. Zhang Hui. He said that the presence of SINOMA Materials Company Nigeria Limited in Abia State would create job to the…

Mar

20

2025

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Gov. Otti Receives A Delegation From The Kingdom Of The Netherlands, Explores Areas Of Partnership, As Kaltani Company Seals Waste Management Deal

Abia State, Business, Economy, News Flash

GOV. OTTI RECEIVES A DELEGATION FROM THE KINGDOM OF THE NETHERLANDS, EXPLORES AREAS OF PARTNERSHIP, AS KALTANI COMPANY SEALS WASTE MANAGEMENT DEAL. Abia State Governor, Dr. Alex Otti on Wednesday, 19th March received a delegation from the Kingdom of the Netherlands in Nigeria led by the Deputy Consul-General, Mr. Peter Keulers who were in the State on a scoping mission alongside the Kaltani Company led by its Managing Director and Chief Executive Officer, Engr. Obi Charles Nnanna, who are due to commence the project of turning waste into wealth in the State after the execution of an MoU with Abia…

Mar

15

2025

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Dangote Refinery Cuts Petrol Price To N815/Litre, Intensifying Price War

Economy, Business, News Flash, Oil & Gas

Dangote Refinery Cuts Petrol Price to N815/Litre, Shaking Up Market Dangote Petroleum Refinery on Thursday reduced its petrol loading cost from N825 per litre to N815 per litre, further intensifying the pricing war in the downstream sector. Reports indicate that marketers are taking advantage of the N10 reduction by sourcing petrol directly from the refinery instead of relying on depot owners, who may be forced to lower their prices. The landing cost of imported petrol currently stands at N774.72 per litre, factoring in shipping, import duties, and exchange rates. This lower cost had prompted some retail marketers to turn to…

Mar

07

2025

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Abia State’s Prosperity: A Cyclone Of Growth Gathering Momentum – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance

Abia State’s Prosperity: A Cyclone of Growth Gathering Momentum IntroductionMuch like a cyclone developing over warm ocean waters, Abia State in southeastern Nigeria is harnessing latent energy across sectors to fuel a storm of economic and social transformation. Cyclones begin as mere disturbances, gradually organizing into powerful systems. Similarly, Abia’s prosperity is brewing through strategic reforms, investments, and innovation—culminating into a force poised to reshape its future. 1. Governance: The Tropical DisturbanceEvery cyclone starts with a disturbance. For Abia, this began with governance reforms. Under Governor Alex Otti’s administration, the state prioritized transparency and infrastructure. In 2023, 35% of Abia’s…