Economy

Food Chains, Poverty, And Development In ABIA State: A Critical Analysis – By Dr. Chukwuemeka Ifegwu Eke

Food Chains, Poverty, And Development In ABIA State: A Critical Analysis – By Dr. Chukwuemeka Ifegwu Eke

Food Chains, Poverty, and Development in Abia State: A Critical Analysis Abia State is predominantly agrarian, with a significant portion of its population engaged in farming and related activities. Despite its agricultural potential, the state grapples with persistent poverty, food insecurity, and underdevelopment, which are exacerbated by inefficiencies in its food chains. A critical analysis of these issues reveals that the food chain—encompassing production, processing, distribution, and consumption—plays a pivotal role in either perpetuating or alleviating poverty and underdevelopment. By examining the structural weaknesses within the food chain, the socio-economic conditions of the population, and the broader developmental challenges, this…
Read More
Crypto Space Agog As Pi Open Network Launches February 20

Crypto Space Agog As Pi Open Network Launches February 20

Crypto Space Agog As Pi Open Network Launches February 20 Pi open network is finally coming live on February 20, 2025. This is after about six of millions engaging with the coin. Pioneers l, as they referred to, would scream “finally!” The launch announcement was made via its X (Twitter) account in the early hours (Nigerian time) of today, February 12. According to @PiCoreTeam, “Pioneers, Open Network will launch at 8am UTC on February 20, 2025! “With millions of KYC-verified Pioneers and a thriving utilities-driven ecosystem, Open Network expands available opportunities, which allows Pioneers to connect Pi with external systems…
Read More
Beyond ABA, Ohafia And Umuahia: Unlocking The Untapped Potential Of Other Thriving ABIA Heartlands – By Dr. Chukwuemeka Ifegwu Eke

Beyond ABA, Ohafia And Umuahia: Unlocking The Untapped Potential Of Other Thriving ABIA Heartlands – By Dr. Chukwuemeka Ifegwu Eke

Beyond Aba, Ohafia and Umuahia: Unlocking the Untapped Potential of Other Thriving Abia Heartlands The sociopolitical and economic landscape of Abia State, particularly in regions like Osisioma/Abia South, Ikwuano/Abia Central, and Abiriba/Abia North, has recently seen emerging complexities. These areas, often overlooked in favor of more prominent cities like Aba, Umuahia, and Ohafia, are now gaining attention due to their potential for development and the broader expansionary programs championed by Governor Alex Otti. To understand these dynamics, it is essential to delve into the statistical data provided by reputable sources like the National Bureau of Statistics (NBS), the World Bank,…
Read More
FGN Assumes Full Control Of Keystone Bank

FGN Assumes Full Control Of Keystone Bank

FG Assumes Full Control Of Keystone Bank Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth capitalization process. The bank disclosed this in a statement on its Instagram page on Tuesday evening, following a ruling by the Lagos State High Court, Ikeja. The court ordered the forfeiture of shares previously held by the bank’s former shareholders, effectively transferring ownership to the Federal Government. “Keystone Bank Limited wishes to clarify the media report on a judgment by the Lagos State Special Offences…
Read More
CBN Announces Fresh ATM Transaction Fees, Effective March 1

CBN Announces Fresh ATM Transaction Fees, Effective March 1

CBN Announces Fresh ATM Transaction Fees Effective March 1 The Central Bank of Nigeria (CBN) has introduced new Automated Teller Machine (ATM) transaction fees for banks and financial institutions, effective from March 1, 2025. This move according to CNN in a statement signed by John S. Onojah Acting Director, Financial Policy and Regulation Department aims to enhance efficiency and increase the deployment of ATMs across the country. The circular titled “Review of Automated Teller Machine Transaction Fees”, the apex bank stated that the review aligns with Section 10.7 of the CBN Guide to Charges by Banks, Other Financial and Non-Bank…
Read More
The Desire, The Will, And The Strategies To Cause Long-Lasting Changes In ABIA State -By Dr. Chukwuemeka Ifegwu Eke

The Desire, The Will, And The Strategies To Cause Long-Lasting Changes In ABIA State -By Dr. Chukwuemeka Ifegwu Eke

The Desire, The Will, and The Strategies to Cause Long-Lasting Changes in Abia State IntroductionThe government of Abia State, under the visionary leadership of His Excellency, Dr. Alex Chioma Otti, OFR, is committed to fostering an inclusive approach to governance. Recognizing the multifaceted challenges facing the state, the administration welcomes insights and perspectives from all stakeholders to address critical sociopolitical and economic issues. Dr. Otti, a leader deeply attuned to the aspirations of his people, has humbly called for prayers to guide his efforts. As a human being of flesh and blood, he acknowledges the weight of his responsibilities and…
Read More
I Blocked Godfathers From Looting Osun – Gov. Adeleke Drops Bombshell On State Finances

I Blocked Godfathers From Looting Osun – Gov. Adeleke Drops Bombshell On State Finances

I Blocked Godfathers From Looting Osun – Gov Adeleke Drops Bombshell On State Finances Osun State Governor, Ademola Adeleke, has declared that he dismantled the influence of political godfathers who previously exploited the state’s resources, ensuring that Osun’s finances are now channelled directly into development projects. Speaking in an interview with Channels TV, Adeleke disclosed that his administration’s strict financial discipline and aggressive revenue generation strategies had enabled him to meet ambitious infrastructural targets despite inheriting a massive debt burden. “I blocked all the leakages to the extent that no godfather can take advantage of the system,” he stated. “Where…
Read More
Nigeria Remains Africa’s Largest Economy – World Bank

Nigeria Remains Africa’s Largest Economy – World Bank

Nigeria Remains Africa’s Largest Economy – World Bank The World Bank’s Country Director for Nigeria, Dr. Ndiame Diop, has confirmed that Nigeria remains the largest economy in Africa by Gross Domestic Product (GDP) despite the challenges faced by its private sector. Speaking at the Country Private Sector Diagnostic (CPSD) and Stakeholder Engagement in Abuja yesterday, Dr. Diop said while Nigeria receives far less Foreign Direct Investment (FDI) than its potential warrants—especially in comparison to countries like Indonesia and South Africa—it continues to hold its position as Africa’s biggest economy. He stated that the CPSD report, set to be released in…
Read More
Fuel Marketers Ordered To Reduce Price As Dangote Crashes Supply Rate To N890 Per Litre

Fuel Marketers Ordered To Reduce Price As Dangote Crashes Supply Rate To N890 Per Litre

Fuel marketers ordered to reduce price as Dangote crashes supply rate to N890 per litre The Petroleum Products Retail Outlets Owners Association of Nigeria has urged marketers to reduce the price of Premium Motor Spirit, aka petrol, following the reduction in the ex-depot price of the product from N950 to N890 per litre by the Dangote refinery. Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. Mr Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, said this in a statement on Saturday…
Read More
“Trade Wars Heat Up: Trump Tariffs Spark Canada’s Retaliation And China’s 75% Counterpunch – Who Will Blink First?” – By Dr. Chukwuemeka Ifegwu Eke

“Trade Wars Heat Up: Trump Tariffs Spark Canada’s Retaliation And China’s 75% Counterpunch – Who Will Blink First?” – By Dr. Chukwuemeka Ifegwu Eke

"Trade Wars Heat Up: Trump Tariffs Spark Canada’s Retaliation and China’s 75% Counterpunch – Who Will Blink First?" Canada’s swift retaliation to the new Trump tariffs, set to take effect this Tuesday, underscores the high stakes of this trade dispute. Historically, Canada has not hesitated to respond to U.S. protectionist measures with counter-tariffs of its own, as seen in 2018 when it imposed tariffs on $16.6 billion worth of U.S. goods in response to steel and aluminum tariffs. This time, Canada’s retaliatory measures are likely to target key U.S. exports, such as agricultural products, machinery, and consumer goods, which could…
Read More