Economy

Economy

Oct
17
2025
By Amos Oge Kalu
Chief Kalu Commends Gov. Otti for Prioritizing Bende in Electricity Roadmap, Affirming Him as a Leader Who Truly Listens.

Chief Kalu Commends Gov. Otti for Prioritizing Bende in Electricity Roadmap, Affirming Him as a Leader Who Truly Listens.

Abia State, Amos Oge Kalu, Business, Economy, Metro, News, Opinion, Politics, , , ,
Chief Dr. Emeka Kalu, Chairman of E.C.K Foundation, has expressed his gratitude to the Executive Governor of Abia State, Dr. Alex Chioma Otti, OFR, for promptly including Bende Local Government Area in his administration's electricity roadmap. This development comes after Chief Kalu made a passionate appeal through an open letter, emphasizing the urgent need for improved electricity supply in Bende, a longstanding challenge for its residents. Chief Kalu praised Governor Otti as a "listening Governor" who prioritizes the welfare of the people. "Governor Alex Otti is a listening Governor who remains focused on delivering the dividends of democracy and good…
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Oct
16
2025
By Amos Oge Kalu
Moniepoint, OPay, PalmPay Agents at Risk as CBN Issues Tough New Rule

Moniepoint, OPay, PalmPay Agents at Risk as CBN Issues Tough New Rule

Business, Economy, Metro, News, Social Issues, , ,
Point-of-Sale (PoS) operators across Nigeria are raising concerns over the Central Bank of Nigeria’s (CBN) latest regulations for agent banking. They warn that this new policy could threaten small fintech companies and jeopardize millions of livelihoods. The CBN's new directive prohibits PoS agents from working with multiple financial platforms. This means that agents currently collaborating with providers such as Moniepoint, OPay, and PalmPay must choose only one platform to operate under. According to operators, this rule will severely limit business flexibility, stifle competition, and enhance the dominance of a few large players in the market. The Association of Mobile Money…
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Oct
14
2025
By Amos Oge Kalu
Gov. Otti Inaugurates Board Of Abia State Technological Skills Acqusition Centre.

Gov. Otti Inaugurates Board Of Abia State Technological Skills Acqusition Centre.

Abia State, Business, Economy, Education, Metro, News, Politics, , , ,
Abia State Governor, Dr Alex Otti, has inaugurated the Board of Abia State Technological Skills Acquisition Centre with Professor Ndubuisi Ekekwe as Chairman. Other members of the board include; Engr. Cletus Ogbonnaya Ekpo – Vice Chairman, Engr. Peter Ukonu – Director General, Mr. Gerald Ilukwe - Member, Mr. Chinenye Mba Uzoukwu - Member, Mr. Fidelis Nweze – Member, Dr. Christopher Kalu Okoro - Member, Mr. Chukwudi Ogbonna - Member and Dr. Mrs. Rita Ndidi Amuchienwa - Member. Inaugurating the board on Monday in the Executive Council Chamber at the end of the weekly State Executive Council meeting, Governor Alex Otti…
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Oct
12
2025
By Amos Oge Kalu
Engr. Chinedu Onyeizu to Lead an Energy Panel at Africa Energy Summit in Rwanda

Engr. Chinedu Onyeizu to Lead an Energy Panel at Africa Energy Summit in Rwanda

Abia State, Column, Economy, News, Politics, , , , ,
KIGALI, RWANDA — Engr. Chinedu Onyeizu, the Chief Executive Officer of the Abia Industrial Innovation Park (AIIP), is set to lead a high-level panel discussion at the upcoming Africa Energy Summit, scheduled to take place in November at the prestigious Kigali Convention Centre in Rwanda. A globally-recognized petroleum engineer, Engr. Onyeizu brings decades of experience and insight to the summit’s strategic conversations on Africa’s energy future. His selection to chair a panel underscores his growing influence in shaping energy policy and industrial innovation across the continent. Before his current leadership role in Abia State’s industrial transformation, Onyeizu had built an…
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Oct
11
2025
By Amos Oge Kalu
JUST IN: Nigeria’s Debt Under Tinubu Has Climbed To N152.4 Trillion — DMO Informs Nigerians

JUST IN: Nigeria’s Debt Under Tinubu Has Climbed To N152.4 Trillion — DMO Informs Nigerians

Business, Economy, Lifestyle, News, Opinion, , , , ,
Nigeria’s total public debt stock has surged to ₦152.40 trillion as of June 30, 2025, according to fresh data released by the Debt Management Office (DMO) on Saturday. This marks an increase of ₦3.01 trillion from the ₦149.39 trillion recorded in March 2025 —a 2.01% rise within just three months. In dollar terms, the figure rose from $97.24 billion to $99.66 billion, reflecting a 2.49% uptick. The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps, despite ongoing revenue reforms and foreign exchange liberalisation. A breakdown shows external debt grew from $45.98 billion in…
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