Economy Archives - Page 6 of 69

Jan

25

2026

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…

Dec

25

2025

By Amos Oge Kalu

The Farouk Controversy and the Question of Public Responsibility – PO

Column, News, Opinion, PoliticsEconomy, Nigeria, Peter Obi, Politics

One of the most talked-about public controersies in recent times is the allegation surrounding Farouk Ahmed. Alhaji Aliko Dangote, President of the Dangote Group, alleged that Mr. Farouk, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his four children in Switzerland. He called for a full investigation and public explanation. At current exchange rates, $5 million is approximately ₦7.5 billion. In a country with over 18 million out-of-school children — the highest number in the world — this revelation inevitably raises questions of proportionality, public…

Dec

23

2025

By Amos Oge Kalu

Gov. Otti Restores Electricity To 33 Communities In Ukwa West After 9 Years Of Blackout.

Abia State, Metro, News, Social IssuesAbia State, Alex Otti, Economy, Nigeria, Politics

Abia State Governor, Dr. Alex Otti, OFR, has restored electricity to 33 communities in Ukwa West LGA, thereby ending 9 years of blackout and neglect to the oil-rich communities. The Power‍ Res‍toration‍ Proj‌ect was exec‍uted by the Abia State Government through ASOPADEC under t‍he supervision of t‍he Abia State Ministry of Pow⁠er a‌nd Pu‌blic Utilitie‌s, in⁠ line with the promise made by the Governor to the people in March, 2025. Performing the Power Switch-On ceremony at Central Primary School, Obehie, Governor Otti, who rode to the event in the newly launched Abia Green Shuttle EV Bus alongside members of his…