Economy Archives - Page 7 of 95

Feb

06

2026

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…

Feb

04

2026

By Amos Oge Kalu

Amb. Osita Offor Hails Gov. Alex Otti as Labour Party Reclaims Stability Under His Steady Leadership

Abia State, Amos Oge Kalu, Economy, News, Opinion, PoliticsAlex Otti, Business, Economic, Economy, Osita Offor, Ultimate Commander

Abuja, Nigeria – Ambassador Dr. Osita Offior “De Ultimate Commander” (Ikenga Gburugburu), President of the United Abia Artistes and Patriots (UAAP) Forum, has publicly congratulated the Governor of Abia State, Dr. Alex Chioma Otti, OFR, for demonstrating pragmatic, mature, and unifying leadership that has successfully restored peace and stability within the Labour Party following months of internal disagreements. In a statement released on behalf of the UAAP Forum, Ambassador Offior also extended sincere appreciation to the Chairman of the Independent National Electoral Commission (INEC), Professor Joash Ojo Amupitan, SAN, for upholding democratic principles by ensuring that justice is upheld. Offior…

Jan

25

2026

By Amos Oge Kalu

Amb. Osita Offor Commends Masters Energy Group Chairman, Dr. Uche Ogah for Transforming Onuaku Uturu into a Manufacturing Hub in Abia State

Abia State, Column, Economy, News, OpinionAbia State, Economy, Metro, Opinion, Osita Offor, Uche Ogah, Ultimate Commander

Ambassador Dr. Osita Offor – De Ultimate Commander (Ikenga Gburugburu) has once again demonstrated his unwavering support for indigenous industrial growth as he paid a strategic facility visit to Masters Energy Group of Companies, a world-class manufacturing conglomerate owned by the oil magnate, renowned industrialist extraordinaire, and globally recognized philanthropist, Dr. Uche Sampson Ogah CON, at Onuaku Uturu, Isuikwuato Local Government Area of Abia State. During the visit, the Ambassador commended Dr. Ogah for his bold vision and exceptional commitment to economic development, describing his efforts as “bringing Japan to Abia State” by converting Onuaku Uturu into a thriving manufacturing…

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…