Economy - Abia ThinkTank News

Sep

14

2026

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By Abia ThinkTank

‘Thank You For Removing Subsidy’ -Dangote Commends Timubu Over Economic Reforms, Refinery

Economy, Oil & Gas

‘Thank You For Removing Subsidy’ – Dangote Commends Tinubu Over Economic Reforms, Refinery Businessman and Chairman of Dangote Industries, Aliko Dangote, has praised President Bola Tinubu for what he described as bold moves in the Nigerian economy. Dangote expressed his appreciation to Tinubu for removing fuel subsidy, liberalising the exchange rate and supporting the development of his refinery. “I want to Thank President Tinubu for taking bold moves by removing the subsidy, by democratizing the exchange rate, and also for this refinery.” His comments have since sparked reactions online, with some Nigerians questioning his praise of the President and arguing…

Sep

14

2026

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By Abia ThinkTank

Anambra Still Paying Obi, Obiano-Era Debts – Soludo’s Govt

CBN/Commercial Banking, Economy, News Flash

Anambra Still Paying Obi, Obiano-Era Debts – Soludo’s Govt The Anambra State Government has revealed that it is still servicing loans incurred during the administrations of former governors Peter Obi and Willie Obiano, as the Chukwuma Soludo-led government continues efforts to reduce the state’s debt burden. The Commissioner for Finance, Izuchukwu Okafor, disclosed this during a Ndi Anambra podcast released by the state government’s New Media team on Monday, while giving an update on the state’s financial position. Okafor said the Soludo administration had not obtained any commercial bank loan since assuming office but had continued to make repayments on…

Sep

11

2026

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NBCC And The Otti Economic Proposition: Repositioning Abia From Infrastructural Recovery To Industrial Growth- By Pastor Prof Chukwuemeka Ifegwu Eke

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

NBCC AND THE OTTI ECONOMIC PROPOSITION: REPOSITIONING ABIA FROM INFRASTRUCTURAL RECOVERY TO INDUSTRIAL GROWTH From Roads and Urban Renewal to Manufacturing, Agro-Processing, Digital Enterprise and Investment — Examining Whether Abia’s Emerging Economic Architecture Can Translate Infrastructure into Jobs, Productivity and Sustainable Prosperity There is something symbolically important about an Abia State Governor standing before the Nigerian-British Chamber of Commerce and presenting not merely a catalogue of completed projects, but an economic proposition. For years, much of the national conversation around Abia was painfully elementary. Bad roads. Urban decay. Weak public infrastructure. Unpaid obligations. Commercial frustration. Aba’s enormous entrepreneurial energy operating…

Sep

09

2026

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The Dangote IPO And The Law: A Perfect Storm We Did Not See Coming – By Charles Ude, Esq (Legal Practitioner And Author)

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

The Dangote IPO and the Law: A Perfect Storm We Did not See Coming Charles Ude, Esq.Legal Practitioner and Authorcharlesude2014@gmail.com September 2026 Introduction: A Story of Two Realities Walk into any boardroom in Lagos today, and you will hear about the Dangote IPO , potentially the largest in African history. Walk onto the street, and you will hear about fuel prices, hunger, and a government that seems to live in a different world. These two realities are about to collide. And when they do, we will discover whether Nigeria's legal system is ready for what is coming. Flotation, also known…

Aug

25

2026

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Drama As Sowore, Amaechi, Obi Clash Over Fuel Subsidy At NBA Conference In Portharcourt

News Flash, Economy, Politics

Drama As Sowore, Amaechi, Obi Clash Over Fuel Subsidy At NBA Conference In Port Harcourt The annual conference of the Nigerian Bar Association (NBA) in Port Harcourt, Rivers, turned into a fiery political battleground as presidential candidate of the African Action Congress (AAC), Omoyele Sowore; Vice Presidential candidate of the African Democratic Congress (ADC), Rotimi Amaechi, and the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi engaged in a heated debate over fuel subsidy and national governance. The drama unfolded during a panel session on state affairs and economic policy, where Sowore launched a direct attack on mainstream politicians, accusing…

Aug

10

2026

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NNPCL REMITTANCE CLAIMS: WHEN BIG NUMBERS BECOME BIG DECEPTION- By Pastor Prof Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Economy, Oil & Gas

NNPCL REMITTANCE CLAIMS: WHEN BIG NUMBERS BECOME BIG DECEPTION The recent claim that NNPCL remitted about $15.33 billion to the Federation under President Bola Tinubu in roughly three years, compared with only about $13 billion allegedly remitted between 1999 and 2023, deserves far more scrutiny than the celebratory graphics circulating on social media suggest. The issue is not merely whether the figures quoted are numerically correct. The deeper question is whether the figures are conceptually comparable, historically consistent and economically meaningful. Once those questions are asked, the apparent simplicity of the claim begins to collapse. THE $13 BILLION HISTORICAL CLAIM…

Aug

10

2026

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Nigeria’s 148% FDI Jump Is Not Yet Development: FG Should Stop Celebrating Headlines, Roll Up Its Sleeves And Get To Work – By Pastor Prof Chukwuemeka Ifegwu Eke

FGN, Columns/Opinions/Letters, Economy, Foreign Affairs

Nigeria’s 148% FDI Jump Is Not Yet Development: FG Should Stop Celebrating Headlines, Roll Up Its Sleeves and Get to Work Nigeria’s reported 148 per cent increase in Foreign Direct Investment, from approximately $1.61 billion in 2024 to $4.01 billion in 2025, is undoubtedly a positive development. At a time when total FDI inflows into Africa reportedly declined by about 26 per cent, Nigeria’s ability to attract significantly more foreign capital deserves acknowledgement. It suggests that some degree of international investor confidence may be returning following reforms in the foreign exchange market, fiscal administration, petroleum sector and broader macroeconomic environment.…

Aug

08

2026

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Governor Otti Receives The Aba Commercial Smart City Team; Conclude Arrangements For Seamless Flag-Off

Abia State, Economy, Good Governance, News Flash

GOV. OTTI COMMITTED TO IMMEDIATE FLAG-OFF, DELIVERY OF ABA COMMERCIAL SMART CITY. Abia State Governor, His Excellency, Dr. Alex Otti, OFR, has expressed interest in the immediate flag-off and delivery of the proposed Aba Commercial Smart City. Governor Otti stated this on Friday, August 7, 2026, at Government House, Umuahia, during a business meeting with the leadership of the Aba Commercial Smart City project. Gov. Otti charged the project partners to fast-track their plans to achieve the project as discussed. He directed the DG/CEO of the Public Private Partnership and Investment Promotion Office, Mr. Chinedu Chijioke, to handle the details…

Jul

29

2026

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FGN Overshoots Borrowing Limit As New Debt Reaches N12.62 Trillion

FGN, Economy, News Flash

FG Overshoots Borrowing Limit As New Debt Reaches N12.62 Trillion The Federal Government exceeded its 2024 borrowing target by N4.79 trillion after a wider-than-projected budget deficit forced it to raise significantly more financing than originally planned, the Budget Office of the Federation has disclosed. According to the latest Fourth Quarter and Consolidated Budget Implementation Report for 2024, the Federal Government’s new borrowings rose to N12.62tn, exceeding the budgeted N7.83tn by N4.79tn, or 61.2 per cent. The higher borrowing requirement followed a substantial revenue shortfall, which pushed the fiscal deficit to N13.51tn, well above the approved deficit of N9.18tn. The report…

Jul

23

2026

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Dangote Refinery Resumes Naira Sales, Sets New Petrol Price

Economy, News Flash, Oil & Gas

Dangote Refinery Resumes Naira Sales, Sets New Petrol Price Dangote Petroleum Refinery has resumed gantry loading in Naira, ditching its earlier decision to sell petrol in dollars. According to Naija News, the refinery also announced a new price for petrol, setting it at ₦1,215 per litre, an increase of ₦140 from the previous price of ₦1,075 per litre. It will be recalled that Dangote Petroleum Refinery had pegged the ex-depot price of Premium Motor Spirit (PMS), better known as petrol or fuel, at $0.779 per litre, officially commencing dollar-denominated sales of refined petroleum products and ending the naira pricing regime…