Business

Feb
28
2025
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By Abia ThinkTank
There Is No Better Place For Investment Than ABIA, Gov. Otti Tells German Consul General

There Is No Better Place For Investment Than ABIA, Gov. Otti Tells German Consul General

Abia State, Business, Economy, Good Governance, News Flash
THERE IS NO BETTER PLACE FOR INVESTMENT THAN ABIA, GOV. OTTI TELLS GERMANY CONSUL GENERAL. Abia State Governor, Dr. Alex Otti says that there is no better place to invest than Abia as the State has what it takes to partner investors and drive the State's economy. Governor Otti stated this on thursday while receiving in audience the Consul General of Republic of Germany to Nigeria, Mr. Weert Borner. He said that there is a lot of opportunities in Abia yearning for partnership with credible organisations. The Governor said that the time is ripe for investors to explore opportunities in…
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Feb
27
2025
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By Abia ThinkTank
FGN Urges Cement Price Reduction Amid Economic Recovery, Proposes New Price

FGN Urges Cement Price Reduction Amid Economic Recovery, Proposes New Price

Business, Economy, FGN
FG Urges Cement Price Reduction Amid Economic Recovery, Proposed New Price The Federal Government has urged cement manufacturers to lower prices to N7,000, citing improved economic conditions. This call was made by the Minister of Works, Sen. Engr. Nweze David Umahi, during a meeting at the Ministry’s headquarters in Abuja on February 26, 2025, according to a statement on the ministry’s website. Umahi noted that the naira has stabilized at about N1,400 per dollar, and petrol prices have dropped, creating a conducive environment for reduced cement costs. He criticized the current price of N9,500, pointing out that manufacturers increased prices…
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Feb
27
2025
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By Abia ThinkTank
First Made-In-Nigeria Helicopter Arriving Soon

First Made-In-Nigeria Helicopter Arriving Soon

Business, Economy, Manufacturing, News Flash
First Made-in-Nigeria helicopter Arriving soon The National Agency for Science and Engineering Infrastructure (NASENI) has said the engineering work on the first Made-in-Nigeria helicopter is nearing completion. The agency promised that it would soon fly the Nigerian chopper. The Project Manager of NASENI’s Aeronautics and Air Vehicle Development Institute in Kaduna, Kareem Aduagba, announced this yesterday during a Focus Group Engagement organised by the agency. The focus group engagement, which was attended by inventors and manufacturers from the academia and private sectors in Kaduna, was meant to promote local manufacturing, innovation, and the adoption of Made-in-Nigeria products. The forum brought…
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Feb
24
2025
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By Abia ThinkTank
Again, Multi choice Increases DSTV, GOtv Prices(See List)

Again, Multi choice Increases DSTV, GOtv Prices(See List)

Business, News Flash, Telecommunications
Again, Multichoice Increases DStv, GOtv Prices (See List) Multichoice is set to increase the prices of its DStv and GOtv packages effective from March 1, 2025. This was disclosed in a statement to its customers on Monday. The statement titled, “Price adjustments for DStv and GOtv packages,” read, “Dear Customer, please note that effective 1 March 2025, there will be a price adjustment on all DStv packages. “This is to enable us to continue to offer our customers world-class homegrown and international content, delivered through the best technology.” This is coming almost one year after its last price review. According…
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Feb
23
2025
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By Abia ThinkTank
Fake Drugs: Soludo Counters Obi, Backs ‘Total Closure’ Of Onitsha Head Bridge Market

Fake Drugs: Soludo Counters Obi, Backs ‘Total Closure’ Of Onitsha Head Bridge Market

Business, Economy, News Flash, Politics
Fake Drugs: Soludo Counters Obi, Backs ‘Total Closure’ Of Onitsha Head Bridge Market Governor Charles Soludo of Anambra State has countered Peter Obi’s stance on the closure of the plumbing materials markets by the National Agency for Food and Drug Administration and Control (NAFDAC). As part of its fight against the proliferation of counterfeit drugs in Nigeria, NAFDAC recently shut down the entire Head Bridge Market in Onitsha following the discovery of fake drugs at the Ogbo Ogwu section of the market. The agency uncovered fake drugs at various shops in the market and also seized 10 trucks of substandard,…
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Feb
22
2025
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By Abia ThinkTank
FGN Bows To Pressure, Set To Crash Telecom Tariff Hike

FGN Bows To Pressure, Set To Crash Telecom Tariff Hike

Business, FGN, News Flash, Telecommunications
FG Bows To Pressure, Set To Crash Telecom Tariff Hike The Federal Government has agreed to lower the recent increase in telecommunications tariffs, reducing the hike from 50 percent to 35 percent after facing pressure from organized labour and the public. The decision was reached after a meeting between government officials and representatives of the Nigerian Labour Congress (NLC). The meeting, which took place at the office of the National Security Adviser (NSA) on Friday, was part of efforts to address the growing concerns over the high cost of telecom services. Sources indicate that an official announcement regarding the tariff…
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Feb
19
2025
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By Abia ThinkTank
80% Of Aba’s Micro -Enterprises Lack Access To Formal credit: Collaborative Lending Models And Movable Asset Finance Could Unlock Growth For Abia’s “Japan Of Africa” MSMEs – By Dr. Chukwuemeka Ifegwu Eke

80% Of Aba’s Micro -Enterprises Lack Access To Formal credit: Collaborative Lending Models And Movable Asset Finance Could Unlock Growth For Abia’s “Japan Of Africa” MSMEs – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy
80% of Aba's micro-enterprises lack access to formal credit: Collaborative lending models and movable asset financing could unlock growth for Abia's "Japan of Africa" MSMEs In the bustling streets of Aba, Abia State, lies a tale of untapped potential and unrelenting resilience. The city, fondly referred to as the "Japan of Africa," is home to a plethora of micro-enterprises that form the backbone of the local economy. However, behind the vibrant markets and industrious entrepreneurs lies a harsh reality: 80% of these micro-enterprises are denied access to formal credit, stifling their growth and condemning them to a cycle of poverty.…
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Feb
18
2025
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By Abia ThinkTank
2 Days To Go: All Is Set For The Unveiling Of ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS, Abia North Office On Thursday 20th February, 2025

2 Days To Go: All Is Set For The Unveiling Of ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS, Abia North Office On Thursday 20th February, 2025

Abia North, Abia State, Business, News Flash, People & Events
PRESS RELEASE 2 Days To Go: All Is Set For The Unveiling Of ABIA THINK TANK ONLINE NEWSPAPER ATTNEWS ABIA NORTH OFFICE ON Thursday 20TH FEBRUARY, 2025 ABIA think tank online newspaper will be Unveiling it's ABIA North Office on Thursday 20th February, 2025 at Skog Complex, Amaekpu Ohafia. Time is 12 Noon prompt. Expected at the Unveiling is the ABIA State Executive Governor Dr. Alex Chioma Otti OFR, his Deputy Engr. Ikechukwu Emetu NSE. The Member representing Arochukwu/Ohafia Federal Constituency Hon. Chief Ibe Okwara Osonwa along with Other Federal Legislators within ABIA North. Also the Mayor of Ohafia LGA…
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Feb
16
2025
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By Abia ThinkTank
NAFDAC Seals 3,000 Shops In Lagos, Seized 12 Truckloads Of Fake Drugs

NAFDAC Seals 3,000 Shops In Lagos, Seized 12 Truckloads Of Fake Drugs

Business, Health, Lagos, News Flash, South West
NAFDAC Seals 3,000 Shops In Lagos, Seizes 12 Truckloads Of Fake Drugs The National Agency for Food and Drug Administration and Control has intensified its enforcement efforts against the sale of illicit and counterfeit pharmaceuticals, sealing over 3,000 shops within the Idumota Open Drug Market in Lagos in the first week of operations. This was made known in a statement shared on X (formerly Twitter) on Saturday by NAFDAC During the raid, officials uncovered alarming violations, including vaccines stored in dilapidated, unventilated rooms sealed with iron sheets, posing severe health risks. Large consignments of banned and dangerous drugs were also…
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Feb
14
2025
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By Abia ThinkTank
NNPC Reduces Petrol Price, Directs Filling Stations To Comply

NNPC Reduces Petrol Price, Directs Filling Stations To Comply

Business, Economy, News Flash, Oil & Gas
NNPC Reduces Petrol Price, Directs Filling Stations To Comply The Nigerian National Petroleum Company Limited (NNPCL) has announced a slight reduction in petrol prices at its retail stations, lowering the pump price from N960 to N945 per litre. The new pricing took effect on Thursday, February 13, 2025, following an official directive from the company’s headquarters. According to Politics Nigeria, At an NNPC filling station in Ejigbo, attendants confirmed the adjustment. One of them stated, “We received instructions this morning (Thursday) to change the price from N960 to N945. As you can see, more customers are coming in, and the…
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