Business - Abia ThinkTank News

Jan

05

2025

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By Abia ThinkTank

Onion Farmers Reveal Reasons Behind Price Hike

Business, Agriculture, News Flash

Onion Farmers Reveal Reasons Behind Price Hike The Onion Producers, Processors, and Marketers Association of Nigeria has attributed the surge in onion prices and scarcity across the country to flooding and climate change. In an interview with the News Agency of Nigeria on Sunday in Lagos, the National President of the Association, Mr Aliyu Isah, outlined the factors behind the rising cost of onions. NAN reports that from the fourth quarter of 2024, onion prices skyrocketed, with a bag selling between N250,000 and N270,000—up from N70,000 to N90,000 in previous months. Similarly, the price of a medium-sized onion bulb rose…

Jan

03

2025

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By Abia ThinkTank

Fintech For All: Inclusive Finance For Africa’s Underserved – By Dr. Chukwuemeka Ifegwu Eke

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

Fintech for All: Inclusive Finance for Africa's Underserved Fintech has revolutionized financial inclusion in Africa, providing access to financial services for millions of unbanked and underbanked individuals. Mobile money services, such as M-Pesa, have enabled people to store, send, and receive money using their mobile phones. This has been particularly transformative for rural communities, where traditional banking infrastructure is often lacking. Fintech has also increased convenience and accessibility for financial services. With the rise of mobile banking apps and online platforms, individuals can now access a range of financial services, including payments, transfers, and loans, from the comfort of their…

Jan

01

2025

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By Abia ThinkTank

2025: Happy New Year From ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS

News Flash, Abia State, Business

Happy New Year from ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS As we step into 2025, we at ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS extend our heartfelt gratitude to all our esteemed readers and advertisers for your unwavering support throughout 2024. Your loyalty and trust in our brand have been the driving force behind our commitment to delivering accurate, timely, and impactful news. Together, we have navigated the challenges of the past YEARS, and your confidence in our content has inspired us to raise the bar higher. In this new year, we assure and renew our promise to serve you better…

Jan

01

2025

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By Abia ThinkTank

Hardship: President Tinubu Floats Company To Bring Down Food, Drug Prices

Business, Economy, FGN, Health

Hardship: Tinubu Floats Company To Bring Down Food, Drug Prices President Bola Tinubu said yesterday the Federal Government hopes to bring down the price of food and promote local manufacturing of essential drugs and other medical supplies through the establishment of a National Credit Guarantee Company in the new year. Tinubu, who disclosed this in his New Year nationwide broadcast to the nation, also asked states to key into the federal government’s Compressed National Gas, CNG, programme to reduce the cost of transportation for Nigerians. The President equally said the youth confab he promised in the aftermath of the #EndBadGovernance…

Jan

01

2025

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By Abia ThinkTank

Rethinking Global Digital Macroeconomics: The Intersection Of Parallel Universes, Emerging Technologies, And Interplanetary Trade – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Business, Economy, Technology

Rethinking Global Digital Macroeconomics: The Intersection of Parallel Universes, Emerging Technologies, and Interplanetary Trade Introduction The world is on the cusp of a revolution in global digital macroeconomics, driven by the convergence of emerging technologies, shifting global economic power dynamics, and the increasing importance of digital trade. As we navigate this uncharted territory, it is essential to understand the far-reaching implications of this transformation on the global economy, businesses, and societies. The intersection of parallel universes, emerging technologies, and interplanetary trade is giving rise to new economic systems, structures, and opportunities that will redefine the fabric of global digital macroeconomics.…

Dec

26

2024

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By Abia ThinkTank

Abia Residents Flock To Local Markets For Christmas Shopping, Spend Millions

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

Abia Residents Flock to Local Markets for Christmas Shopping, Spend Millions As Christmas season unfolds, residents of Abia State are flocking to local markets to purchase items for the festive season. Our freelance correspondents visited three major markets in Abia State - Aba Main Market, Umuahia Main Market, and Abiriba Main Market - to capture the excitement and gather insights from shoppers. Aba Main Market: A Hub of Festive Activity At Aba Main Market, our correspondent met with three shoppers who shared their experiences. Mrs. Nneoma Okoro, a trader, said, "I come to Aba Main Market every year to buy…

Dec

18

2024

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President Tinubu Reconstitutes Leadership Of 12 River Basin Development Authorities (See Full List)

Business, Economy, News Flash, Politics, Presidency

Tinubu Reconstitutes Leadership Of 12 River Basin Devt Authorities (See Full List) President Bola Ahmed Tinubu has approved the reconstitution of the executive management teams for 12 River Basin Development Authorities (RBDAs) under the Federal Ministry of Water Resources, signaling his administration’s commitment to enhancing the efficiency of these critical organizations. The newly appointed executives are expected to leverage their expertise to boost agricultural productivity, manage water resources, and foster rural development in alignment with the administration’s commitment to improving the lives of Nigerians. The new appointments were made public on Wednesday in a statement issued by Special Adviser to…

Dec

16

2024

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By Abia ThinkTank

NNPC Reduces Petrol Pump Price Across It’s Retail Outlets

Business, Economy, News Flash, Oil & Gas

NNPC Reduces Petrol Pump Price The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets. According to Tribune Online correspondent who visited the NNPCL retail outlets in Ibadan observed that petrol, which was sold between N1,025 to N1,040 per litre, has been reduced to N1,015 per liter. This represents N10 to N25 reduction from its previous price. Also, Daily Post reports that the nation’s oil company has also reduced its pump price across its retail outlets in the Federal Capital Territory (FCT). In the FCT,…

Dec

14

2024

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Would Otti’s Pro Business Programs Expand ABIA State’s Economy In 2025/2026? – By Dr. Chukwuemeka Ifegwu Eke

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

Would Otti's Pro Business Programs Expand Abia State's Economy in 2025/2026? Last month, Abia's Governor, Dr Alex Chioma Otti, declared in a private meeting that he has laid out and implemented a series of programs and projects in the three senatorial zones of the state, drawing immediate appreciation from business leaders of those zones. “Most of the programs rolled out would likely prompt pro-poor growth, leading to expanded opportunities for enterprises,” a business man Chidi Umeh in Isiukwuato said. An importer of used fabrics in Aba, Kalu Nwojo, said he’s expanding more patronage come 2025/2026 as he's expecting higher purchasing…

Dec

12

2024

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Abia’s Flight To Progress: The Airport Project That’s Taking Shape – By Ebere Uzoukwa, Ph.D (SSA On Public Affairs To Gov. Otti)

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

Abia's Flight to Progress: The Airport Project That's Taking Shape Ebere Uzoukwa, Ph.D. Abia State is on the threshold of a transformative journey, courtesy of the airport project that's gaining momentum. The proposed airport, initially approved as an airstrip by the Federal Government, has been upgraded to a full-fledged airport, thanks to Governor Alex Chioma Otti's tireless efforts. This development is a testament to the Governor's vision of opening up Abia for investment flow and socio-economic growth. With the airport, Abia State is poised to become a hub for commerce, industry, and tourism, creating jobs and stimulating economic growth. The…