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
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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Oct
07
2025
By Amos Oge Kalu
State Government Releases Abia’s Statutory Earnings From Federal Allocation.

State Government Releases Abia’s Statutory Earnings From Federal Allocation.

Abia State, Economy, News, Opinion, Politics, ,
Records from the Office of the Accountant-General of the Federation - https://oagf.gov.ng/publications/faac-report/ JANUARY 2025 (Naira)FAAC - 11.2 BillionJAAC - 6.8 BillionTOTAL = 18 Billion FEBRUARY 2025 (Naira)FAAC - 13.7 BillionJAAC - 8.3 BillionTOTAL = 22 Billion MARCH 2025 (Naira)FAAC - 13.4 BillionJAAC - 7.7 BillionTOTAL = 21.1 Billion APRIL 2025 (Naira)FAAC - 13.0 BillionJAAC - 7.3 BillionTOTAL = 20.3 Billion MAY 2025 (Naira)FAAC - 13.9 BillionJAAC - 7.6 BillionTOTAL = 21.5 Billion JUNE 2025 (Naira)FAAC - 13.8 BillionJAAC - 7.9 BillionTOTAL = 21.7 Billion As a further breakdown to educate a former Commissioner for Finance who doesn't know how Federal…
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Oct
06
2025
By Amos Oge Kalu
“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

Business, Economy, Metro, News, Opinion, Politics, , ,
Vice President Kashim Shettima has called on Nigerians to respect and protect the multibillion-dollar investment of Africa’s richest man, Aliko Dangote, describing it as essential to the nation’s economic stability and growth. He emphasized that the 650,000-barrel-per-day Dangote Refinery represents a national asset critical to Nigeria’s industrial expansion and global competitiveness. His remarks came amid the recent industrial action by oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of about 800 unionized employees. The strike was later suspended after the intervention of Labour Minister Muhammad Dingyadi and National Security Adviser…
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