Economy

Jan
28
2025
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By Abia ThinkTank
Presidents Don’t Need Globetrotting To Attract Investments – Peter Obi Comments As President Tinubu Lands In Tanzania

Presidents Don’t Need Globetrotting To Attract Investments – Peter Obi Comments As President Tinubu Lands In Tanzania

Economy, News Flash, Politics
Presidents Don’t Need Globetrotting To Attract Investments – Peter Obi Says As Tinubu Lands In Tanzania The 2023 presidential candidate of the Labour Party, Peter Obi has said that presidents need not travel the whole world to attract foreign investments into the country. Obi in a post made on his X account said investments flow naturally where the environment is conducive as there would not be any need to force it. Describing investment and conducive environment as a honey and bee kind of relationship, the former Anambra State governor said Foreign Direct Investment does not come with presidents globetrotting. He…
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Jan
27
2025
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By Abia ThinkTank
Abia Business And Finance News: A Pulse On ABIA Economy – By Dr. Chukwuemeka Ifegwu Eke

Abia Business And Finance News: A Pulse On ABIA Economy – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy
Abia Business and Finance News: A Pulse on Abia Economy The streets of Abia are a testament to the resilience and determination of its people, particularly the street traders who eke out a living amidst daunting challenges. These traders, mostly women and young adults, brave the scorching sun, torrential rains, and dusty roads to sell their wares, ranging from fresh produce to second-hand clothing. Despite their hard work, they struggle to make ends meet, trapped in a cycle of poverty and financial insecurity. Their daily struggles are a reflection of the broader economic challenges facing Abia, including limited access to…
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Jan
27
2025
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By Abia ThinkTank
Why FGN Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister

Why FGN Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister

FGN, Economy, Information Technology, News Flash
Why FG Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister The Minister of Communication, Innovation and Digital Economy, Bosun Tijani, says the federal government approved a 50 per cent tariff hike for telecommunication companies to sustain the industry. Mr Tijani added that the new tariff would allow telecommunication companies to be able to invest in new infrastructure and improve connectivity. He said this at the maiden Robotics and Artificial Intelligence Nigeria (RAIN) summit, on Saturday in Ibadan with the theme: “The Rain of Transformation is upon us: CEOs Arise.” The minister urged Nigerian youths to drive technological progress…
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Jan
26
2025
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By Abia ThinkTank
Tax Titans: Lagos Generates N2.75 Trillion, Rivers And FCT Follow – See Full Breakdown

Tax Titans: Lagos Generates N2.75 Trillion, Rivers And FCT Follow – See Full Breakdown

Economy, FGN, News Flash
Tax Titans: Lagos Generates ₦2.75 Trillion, Rivers And FCT Follow – Full Breakdown Lagos State has retained its position as Nigeria’s leading contributor to Value Added Tax (VAT) revenue in 2024, recording a staggering ₦2.75 trillion, representing 54% of the country’s total non-import VAT earnings. Tourism packages According to data published by Agora Policy, a Nigerian think tank, Rivers State secured the second spot with ₦832.69 billion, while the Federal Capital Territory (FCT) ranked third with ₦303.64 billion. Oyo State came fourth with ₦272.41 billion, and Kano State rounded off the top five with ₦77.76 billion. Meanwhile, the remaining 33…
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Jan
25
2025
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By Abia ThinkTank
Economic Assessment Of Interplanetary Trade: A New Macroeconomic And Galactic Frontier – By Dr. Chukwuemeka Ifegwu Eke

Economic Assessment Of Interplanetary Trade: A New Macroeconomic And Galactic Frontier – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Economy, International
Economic Assessment of Interplanetary Trade: A New Macroeconomic and Galactic Frontier As the world hurtles towards colonizing Mars and the Moon, a new frontier in interplanetary trade is emerging. This nascent industry promises to revolutionize the global economy, unlocking unprecedented opportunities for growth, innovation, and cooperation. In this assessment, we'll delve into the economic implications of interplanetary trade, exploring the statistics, challenges, and prospects of this burgeoning sector. The Lunar and Martian Markets: A Dual-Frontier OpportunityThe Moon and Mars represent two distinct markets, each with its unique characteristics, challenges, and opportunities. The lunar market is expected to focus on resource…
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Jan
24
2025
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By Abia ThinkTank
FG Approves N4 Billion Conditional Cash Transfer For Vulnerable Households

FG Approves N4 Billion Conditional Cash Transfer For Vulnerable Households

FGN, CBN/Commercial Banking, Economy, News Flash
The Federal Government has approved N4bn for conditional cash transfers to vulnerable households in Nigeria. During the launch of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday, the Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwada, announced the interventions aimed at addressing the country’s deepening humanitarian crisis. This initiative is expected to support at least 10 million displaced households, primarily targeting the most vulnerable members of society. The cash transfer programme is set to commence in February and continue through April, focusing on alleviating the immediate needs of families…
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Jan
22
2025
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By Abia ThinkTank
Okonjo-Iweala Speaks Amid Trump Tariff Threats

Okonjo-Iweala Speaks Amid Trump Tariff Threats

Columns/Opinions/Letters, Economy, Foreign Affairs, World News
Okonjo-Iweala Speaks Amid Trump Tariff Threats Ngozi Okonjo-Iweala, director-general of the World Trade Organisation (WTO), has called for calm over tariff threats by United States (US) President Donald Trump. On Monday, after his presidential inauguration, Trump threatened to impose 25 percent tariffs on Mexico and Canada for failing to meet US immigration standards by February 1. At the 2025 World Economic Forum (WEF) in Davos, Switzerland, Okonjo-Iweala addressed the development during a panel discussion held on Tuesday. Okonjo-Iweala advised WTO members to observe actual policy implementations before reacting, saying calmness is necessary during uncertain developments. “I’m concerned, but you can…
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Jan
20
2025
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By Abia ThinkTank
Dangote Partners 3 Petrol Stations, Announces New Price Nationwide

Dangote Partners 3 Petrol Stations, Announces New Price Nationwide

Economy, Business, News Flash, Oil & Gas
Dangote Partners 3 Petrol Stations, Announces New Price Nationwide Dangote Refinery has assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol. A spokesman for the refinery Anthony Chiejina said the recent adjustment in the company’s ex-depot price “is directly related to the significant increase in global crude oil prices”. In a statement on Sunday, Chiejina said, “While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably…
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Jan
20
2025
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By Abia ThinkTank
Trump’s Cryptocurrency $TRUMP Meme Coin Skyrockets From $1.5 To $70 In 48 Hours

Trump’s Cryptocurrency $TRUMP Meme Coin Skyrockets From $1.5 To $70 In 48 Hours

Abia State, CBN/Commercial Banking, Economy, Foreign Affairs, Information Technology, Politics
Trump’s Cryptocurrency $TRUMP Meme Coin Skyrockets From $1.5 To $70 In 48 Hours The $TRUMP meme coin, launched by US President-elect Donald Trump on Friday with an initial price of $1.5, has seen a remarkable surge in value. The coin launched three days to his inauguration as the 47th President of the United States of America, boomed to as high as $70 on Sunday within two days. Trump launched his own cryptocurrency on Friday ahead of his takeover of office from President Joe Biden. By Sunday morning, the meme coin, $Trump, had quickly soared in market capitalization to $14.1 billion…
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Jan
19
2025
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By Abia ThinkTank
The Ariaria Market Trade Laboratory: A Hub For Entrepreneurial Innovation – By Dr. Chukwuemeka Ifegwu Eke

The Ariaria Market Trade Laboratory: A Hub For Entrepreneurial Innovation – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance
The Ariaria Market Trade Laboratory: A Hub for Entrepreneurial Innovation A trade laboratory facilitates collaboration and knowledge-sharing among traders and artisans, leading to new ideas and innovations. It also provides access to new markets and customers, both locally and internationally. According to the Ariaria International Market Traders Association, an estimated 50% of traders introduce new products or services within the past year. The Ariaria Market Trade Laboratory is a dynamic and interactive environment where entrepreneurs, traders, and artisans come together to experiment, innovate, and test new ideas, products, and services. With over 30,000 traders and artisans operating in the market,…
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