Business Archives - Page 6 of 46

Jan

17

2026

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…

Dec

13

2025

By Amos Oge Kalu

We Are Open For Partnership, Gov. Otti Tells Governor Of State Of Delaware, USA.

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

Abia State Governor, His Excellency, Dr Alex Otti, OFR, has expressed his willingness to partner with the Governor of the State of Delaware, United of America, Dr Bethany Hall-Long in various areas of the Economy. Governor Otti stated this on Friday, December 12th, at the Michael Okpara Auditorium, Umuahia, while receiving in audience, a delegation of the Governor of the State of Delaware, United States of America who called on him. The Governor said that Abians like other Igbo people do not believe in handouts but only need social infrastructure and enabling environment to ply their trade, noting that a…

Dec

11

2025

By Amos Oge Kalu

Breaking: Rhino Homes Unveils Festive Discount Bonanza on Shops at Ekeoha-Aba Int’l Textile Market

Abia State, Business, Economy, NewsEconomy, Metro, Politics

In a bid to empower traders and investors, and accelerate ease of ownership of shops at the ongoing new Ekeoha-Aba International Textile Market, Rhino Homes and Properties Ltd has announced a special top-floor seasonal discount package for existing and prospective shop owners. Under the new offer, existing shop owners can now secure their shops at a discounted rate of ₦7.5 million, slashed from the original ₦10 million, while new buyers can acquire shops for ₦10 million instead of the former ₦15 million. The developer has also introduced a series of buyer-friendly incentives aimed at easing access to ownership. These include…