Business Archives - Page 3 of 24

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…

Nov

23

2025

By Amos Oge Kalu

Abia Shines: AIIP to Take Centre Stage at Kigali Energy Summit as Engr. Onyeizu Lead the Charge

Business, Economy, News, PoliticsAbia State, Business, Chinedu Onyeizu

The Abia Industrial Innovation Park (AIIP) is set to dominate conversations at the forthcoming Africa Energy Summit, scheduled for this November at the prestigious Kigali Convention Centre, Rwanda. A globally-recognised petroleum engineer, Engr. Chinedu Onyeizu, will chair one of the high-profile panels at the summit, an acknowledgment of his rising influence in energy policy, industrial development, and sustainable innovation across the continent. Before assuming his current role in Abia State’s industrial transformation, Onyeizu had built an outstanding career in the oil and gas sector. At the Kigali Summit, he will lead discussions on sustainable energy development, cross-border industrial integration, and…

Oct

30

2025

By Amos Oge Kalu

Fuel Price Increase Looms As Tinubu Approves 15% Import Tariff On Petrol, Diesel

Business, Economy, News, PoliticsBusiness, Economy, Nigeria, Seyi Tinubu

Fuel prices in Nigeria are expected to increase as President Bola Tinubu has approved a 15% import tariff on petrol and diesel, to take effect immediately. According to a government document obtained by THISDAY, the decision aims to protect local refineries, stabilise prices, and strengthen energy security under the administration’s Renewed Hope Agenda. While the tariff could push pump prices up by about ₦150 per litre, the report stated that the real impact may not exceed ₦100 per litre. The directive, copied to the Attorney General, FIRS Chairman, and NMDPRA Chief Executive, introduces a 15% ad-valorem duty on the Cost,…

Oct

22

2025

By Amos Oge Kalu

Rhino Homes Slams Sahara Reporters Over Fake ‘Mass Casualty’ Claim at Aba Project

Abia State, Business, Current Events, News, Opinion, PoliticsAbia State, Business, Nigeria, Opinion, Politics

Rhino Homes and Properties Limited, the official developer and concessionaire of the Ekeoha Shopping Centre, Aba, has strongly refuted a misleading and sensational publication by Sahara Reporters alleging that “many were feared dead” following a minor props failure at Block D of the ongoing construction site. In a statement issued by the company, Rhino Homes described the report as false, reckless, and grossly unprofessional, noting that no single casualty was recorded during the incident. According to the company, the minor technical issue occurred in one of the sections being handled by a sub-contractor, Van Daniels Construction Company, and was promptly…