Economy

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

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

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…
Read More
Two States, Two Approaches: Evaluating Market Governance and Administrative Results in Abia and Anambra

Two States, Two Approaches: Evaluating Market Governance and Administrative Results in Abia and Anambra

Governor Alex Chioma Otti of Abia State and Governor Charles Chukwuma Soludo of Anambra State both emerged from distinguished careers in the banking sector, where strategic thinking, fiscal discipline, and institutional reform are central to success. Their transitions into public office generated widespread expectations that such technocratic expertise would translate into efficient governance, infrastructure renewal, and improved economic management at the state level. Few years into their administrations, however, differences in approach, execution, and outcomes have become increasingly discernible. A comparative assessment of two major commercial hubs—Ariaria International Market in Aba and Onitsha Main Market in Onitsha—provides a practical lens…
Read More
Amb. Osita Offor Commends Dr. Uche Ogah for Transforming Onuaku Uturu into a Manufacturing Hub in Abia State

Amb. Osita Offor Commends Dr. Uche Ogah for Transforming Onuaku Uturu into a Manufacturing Hub in Abia State

Amb.Osita Offor Commends Masters Energy Group Chairman, Dr. Uche Ogah for Transforming Onuaku Uturu into a Manufacturing Hub in Abia State 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…
Read More
More than 22 Nigerian Banks Meet CBN Recapitalisation Thresholds Ahead of 2026

More than 22 Nigerian Banks Meet CBN Recapitalisation Thresholds Ahead of 2026

Sterling Bank, Ecobank, 22 Others Meet CBN Recapitalisation Thresholds Ahead of 2026 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…
Read More
CBN limits cash withdrawal to N500,000 weekly from January 1, 2026

CBN limits cash withdrawal to N500,000 weekly from January 1, 2026

The Central Bank of Nigeria (CBN) has released fresh cash withdrawal rules that will take effect in January 2026. The move ends the special approval that once allowed individuals to withdraw N5 million and companies N10 million once every month. In the circular signed by the Director of the Financial Policy and Regulation Department, Rita Sike, the bank said earlier cash policies were introduced at different times to match changing conditions. But the bank said that the current financial climate now calls for a clearer set of rules that match today’s needs, reduce the pressure of managing cash, improve safety,…
Read More