Business Archives - Page 5 of 46

Feb

07

2026

Gov. Otti Assures Investors of Safe ROI as ACSC Targets 150,000 Direct, Indirect Jobs

Abia State, Amos Oge Kalu, Business, Economy, NewsAlex Otti, Economy

Following the historic signing of a Memorandum of Understanding (MoU) on February 4, 2026, for the offtake of the Aba Commercial Smart City (ACSC) under the Public–Private Investment Partnership (PPIP) framework, Abia State Governor, Dr Alex Otti, has assured investors of the safety and profitability of their investments in the landmark project. The governor urged interested investors to accelerate the realisation of the ACSC by releasing funds into the project, stressing that all investments would be fully protected through transparent governance structures and legally backed guarantees. Governor Otti gave the assurance during a banquet organised in Aba to host investors…

Feb

06

2026

By Amos Oge Kalu

Aba Commercial Smart City (ACSC) MoU Signing: Gov. Otii Set to Redefine Abia’s Economic Future

Abia State, Amos Oge Kalu, Business, Economy, SponsoredAbia State, ACSC, Business, Economy

For decades, Aba has stood as the commercial engine of the Southeast—an industrial city powered by indigenous ingenuity, craftsmanship, and trade. From leatherworks and garments to metal fabrication and wholesale commerce, Aba’s entrepreneurial energy has remained resilient despite years of infrastructural neglect. Today, that resilience is being deliberately matched with planning, technology, and investment through the proposed Aba Commercial Smart City, strategically located at Arongwa in Aba–Osisioma Local Government Area. Conceived as one of the flagship economic legacy projects of Governor Alex Chioma Otti, OFR, the Aba Commercial Smart City (ACSC)seeks to transform Aba’s largely informal industrial strength into a…

Jan

17

2026

By Amos Oge Kalu

Sterling Bank, Ecobank, 22 Others Meet CBN Recapitalisation Thresholds Ahead of 2026

Business, Economy, NewsBusiness, CBN, Economy, Nigeria

Nigeria’s banking sector is set for renewed strength as Sterling Bank, Ecobank, and 22 other financial institutions have successfully met the Central Bank of Nigeria’s (CBN) revised recapitalisation requirements, well ahead of the March 31, 2026 compliance deadline. The milestone marks a significant step in the CBN’s effort to strengthen the resilience of the financial system, improve banks’ capacity to absorb economic shocks, and position the sector to better support national economic growth and stability. The recapitalisation programme, which commenced in 2024, requires commercial banks with international authorisation to maintain a minimum capital base of ₦500 billion, national banks to…

Jan

08

2026

By Amos Oge Kalu

Otti’s Futuristic Strategy In Public Transport Management In Abia State

Abia State, Business, Economy, News, PoliticsAbia State, Alex Otti, Business, Economy, Metro, Politics

Governor Alex Otti is introducing a rather strange paradigm shift in governance here. It's strange in a very positive way. One sector where this is clearly self evident is in the management of the public transportation system in the state. One of the key parameters that define modern cities is their public transport system. There is usually proper organization here to ensure maximum comfort for the citizens. From well built terminals that promote effective nodality to the different means of transport, garnished with adequate security, management of public transport is critical in building modern cities. In these parts, public transport…

Dec

28

2025

By Amos Oge Kalu

Free Rides, Clean Energy: Otti’s Electric Bus Initiative

Abia State, Business, Economy, Metro, News, Opinion, PoliticsAbia State, Alex Otti, Metro, Nigeria, Opinion, Politics

The rollout of electric buses for mass transit by the Abia State Government under the visionary leadership of His Excellency, Dr. Alex Chioma Otti, OFR, stands as yet another strong affirmation of governance driven by empathy, innovation and purpose. By offering free transportation to residents during the Yuletide, the administration has provided timely relief to the people while reinforcing its commitment to easing the daily economic pressures faced by ordinary citizens. Beyond this seasonal gesture, the introduction of electric buses reflects a deliberate move towards modern, efficient and environmentally responsible public transportation. The buses are comfortable, safe and durable, underscoring…