Economy

Mar
31
2025
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By Abia ThinkTank
World Bank Approves Fresh $500 Million Loan To Nigeria For Economic Stimulus Program

World Bank Approves Fresh $500 Million Loan To Nigeria For Economic Stimulus Program

Abuja, CBN/Commercial Banking, Economy, FGN, News Flash
World Bank Approves Fresh $500 Million Loan To Nigeria For Economic Stimulus Program The World Bank has approved a $500 million loan to Nigeria to support the country’s Community Action for Resilience and Economic Stimulus Program. According to information obtained from the bank’s website on Sunday, the approval, which took place on March 28, 2025, marks a significant step in addressing Nigeria’s economic challenges through expanded access to livelihood support, food security services, and grants for poor and vulnerable households and firms. The project, officially titled the NIGERIA: Community Action (for) Resilience and Economic Stimulus Program, aims to provide essential…
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Mar
31
2025
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By Abia ThinkTank
I’ll Share Evidence Of Public Funds Theft Under Fubara With Security Agencies – Ex-HoS Rivers

I’ll Share Evidence Of Public Funds Theft Under Fubara With Security Agencies – Ex-HoS Rivers

Crime, Economy, News Flash, Politics
I’ll Share Evidence Of Public Funds Theft Under Fubara With Security Agencies – Ex-HoS Rivers George Nwaeke, former head of the Rivers state civil service, has accused the administration of Siminalayi Fubara of misappropriation. In a press briefing on Saturday, Nwaeke alleged that the theft of public funds under the suspended Rivers governor is “mind-boggling”. Nwaeke, who recently resigned as head of service, said he would provide evidence to security operatives when called upon. “I cannot also give all my evidence to the media, some are sensitive. I will give details to the proper authorities when required of me,” Nwaeke…
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Mar
28
2025
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By Abia ThinkTank
Tony Elumelu Gets International Monetary Fund, IMF Appointment

Tony Elumelu Gets International Monetary Fund, IMF Appointment

Africa, Economy, International, News Flash, Personality
Tony Elumelu Gets International Monetary Fund, IMF Appointment The International Monetary Fund (IMF) has appointed Tony Elumelu, founder and group chair of Heirs Holdings, to its advisory council on entrepreneurship and growth, convened by Kristalina Georgieva, IMF managing director. The entrepreneur’s appointment was announced in a statement on Friday. The IMF advisory council comprises global business leaders, policymakers, and academics, dedicated to identifying and addressing regulatory barriers to entrepreneurship. The council is said to be mandated to recommend policies that enhance resource allocation, stimulate innovation, and catalyse sustainable private sector-led economic growth. “Elumelu, Africa’s leading advocate of entrepreneurship and whose…
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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

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…
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Mar
25
2025
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By Abia ThinkTank
Gov. Otti Plans To Revitalize Ogwe Golden Chicken, Welcomes Investment Offer From An Israeli Livestock Company

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…
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Mar
24
2025
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By Abia ThinkTank
Monday’s Mandate: Otti’s Symphony Of Renewal In ABIA State – By Dr. Chukwuemeka Ifegwu Eke

Monday’s Mandate: Otti’s Symphony Of Renewal In ABIA State – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Infrastructure
Monday’s Mandate: Otti’s Symphony of Renewal in Abia State As the dawn of this nascent week unfurls its gilded edges over the red-earth hills of Abia, there emerges a cadence of purpose—a rhythm not merely of days passing, but of epochs being sculpted. Dr. Alex Otti, steward of this moment, strides into Monday with the resolve of one who understands that governance is neither accident nor abstraction. It is the alchemy of vision and vigor, a covenant etched not in the ephemeral ink of rhetoric but in the immutable stone of action. The week begins as a blank parchment, yet…
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Mar
23
2025
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By Abia ThinkTank
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

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…
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Mar
22
2025
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By Abia ThinkTank
Idealism And Activism Amidst Abject Poverty – By Dr. Chukwuemeka Ifegwu Eke

Idealism And Activism Amidst Abject Poverty – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Economy, Good Governance
Idealism and Activism Amidst Abject Poverty Introduction: A Landscape of ContrastsNestled in Nigeria’s southeastern Niger Delta, Abia State epitomizes a haunting paradox: a land teeming with intellectual vigor and grassroots activism yet shackled by systemic poverty. Here, idealists champion transformative change, their voices echoing through dilapidated classrooms and overcrowded slums. But the stark reality of deprivation—where 45% of the population subsists on less than $1.90 daily (NBS, 2022)—casts a long shadow over their efforts. This article dissects the interplay between idealism-driven activism and the unrelenting misery of Abia’s poor, underpinned by robust socioeconomic data. Activism in Abia: The Flame of…
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Mar
21
2025
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By Abia ThinkTank
Gov. Otti Invites Sinoma Company To Establish Its Factory In ABIA, Says ABIA State Is Willing To Partner With Investors

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…
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Mar
20
2025
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By Abia ThinkTank
Gov. Otti Receives A Delegation From The Kingdom Of The Netherlands, Explores Areas Of Partnership, As Kaltani Company Seals Waste Management Deal

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…
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