Economy Archives - Page 9 of 69

Oct

29

2025

Abia Assembly Approves Govt. Acquisition of Star Paper Mill and Afro Beverages, to drive Job Creation, Economic Growth

Abia State, Business, Economy, Metro, News, PoliticsAbia State, Alex Otti, Economy, Politics

During yesterday’s plenary session, I read before the Honourable House a formal communication, addressed to me, from His Excellency, the Executive Governor of Abia State, Dr. Alex C. Otti. The letter was conveyed through the Attorney General & Commissioner for Justice, Barr. Ikechukwu Uwanna, SAN. The subject of this communication was a “Request For A Resolution Of The House To Authorize The Acquisition Of Star Paper Mill Ltd, Located in Aba and Owerrinta, and Afro Beverage Ltd, Located in Aba, By The Abia State Government.” In the request, the Governor outlined the strategic importance of this acquisition and stressed the…

Oct

25

2025

By Amos Oge Kalu

Gov. Otti Flags Off Reconstruction Of The 13.5km Ariam Usaka Ring Road, Promise More To Come.

Abia State, Economy, Metro, NewsAlex Otti, Economy, Politics

Abia State Governor, Dr Alex Otti, OFR, has officially flagged off of the construction of the 13.5 Ariam-Usaka Ring Road in Ikwuano LGA. Flagging off the road project on Friday, at Obeama Ariam Model Primary School, Governor Otti said that fixing Ariam-Usaka ring road would signal the beginning of a new cycle of investments that would ultimately transform Ikwuano into the next frontlines of opportunities and prosperity. He said that the Ariam-Usaka Ring Road has been designed as an economic enabler for the people of Ikwuano in particular and the entire Abia at large, because of the interconnectivity of agriculture…

Oct

17

2025

By Amos Oge Kalu

ABSG To Flag Off Waste – To-Wealth Initiative, Concludes Plans To Acquire Afro-Beverages.

Abia State, Business, Economy, News, PoliticsAbia State, Economy, Politics

Abia State Governor, Dr Alex Otti says his government will soon flag off the Waste - To - Wealth initiative aimed at turning debris into wealth for the development of Abia State. Governor Otti disclosed this on Thursday in Government House, Umuahia, during the October edition of "Governor Alex Otti Speaks to Abians", a monthly interactive programme of the Governor. The Governor acknowledged that waste collection and disposal have been properly dealt with in the State from the inception of his administration, when he declared state of emergency on waste management, but said that the process is now moving to…

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.

Abia State, Amos Oge Kalu, Business, Economy, Metro, News, Opinion, PoliticsAbia North, Abia State, Alex Otti, Economy, Emeka Kalu

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…

Oct

16

2025

By Amos Oge Kalu

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

Business, Economy, Metro, News, Social IssuesBusiness, CBN, Economy, Metro

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…