Business

Okon-Aku Warns Panel of Inquiry To Beware Of An Actor Called Nmecha Umeh

Okon-Aku Warns Panel of Inquiry To Beware Of An Actor Called Nmecha Umeh

Following the ongoing investigation into the communal crises that have engulfed Okon-Aku Autonomous Community in Ohafia, it has become imperative for us, the Concerned Citizens of Okon-Aku Community (CCOC) in the Diaspora, to address what we consider a recurring and critical issue within the crisis. We also deem it necessary to place certain facts before the Panel of Inquiry to help them understand the calibre of individuals involved in this matter. Without ambiguity, it must be clearly stated that Dr Nmecha Umeh, within the context of Okon-Aku affairs, is not associated with the noble role often described as “The Devil’s…
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Abia Goes Electric as Governor Otti Rewrites the Story of Public Transportation

Abia Goes Electric as Governor Otti Rewrites the Story of Public Transportation

Ebere Uzoukwa, PhD With the rollout and formal commissioning of its first batch of state owned electric buses on Monday, 22nd December 2025, Abia State is taking a decisive step into the future of public transportation. The commissioning ceremony, scheduled for 1:00 pm at the International Conference Centre (ICC), Umuahia, will be performed by His Excellency, Dr. Alex Chioma Otti, OFR, Executive Governor of Abia State. This initiative marks a significant policy shift under Governor Otti’s administration, reflecting a deliberate commitment to infrastructure renewal, environmental sustainability, and people centered service delivery, key components of modern governance. The introduction of electric…
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Nigeria’s Economic Outlook Improves as S&P Global Ratings Upgrades Outlook to “Positive”

Nigeria’s Economic Outlook Improves as S&P Global Ratings Upgrades Outlook to “Positive”

Nigeria's economic prospects are becoming more promising, thanks to the Central Bank of Nigeria's (CBN) efforts to stabilise the economy. CBN Governor Olayemi Cardoso has welcomed the decision by S&P Global Ratings to revise Nigeria's sovereign outlook to "positive" from "stable", describing it as a validation of the country's ongoing economic reforms. Speaking at a strategic session in Abuja, Cardoso noted that the CBN has made significant progress in stabilising the economy, making it a beacon of hope for investors and citizens alike. The upgrade is expected to boost investor confidence, attract foreign investment, and support long-term economic growth. Key…
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CBN Sees Bank Recapitalisation as Key to Unlocking Nigeria’s $1 Trillion Economy

CBN Sees Bank Recapitalisation as Key to Unlocking Nigeria’s $1 Trillion Economy

The Central Bank of Nigeria (CBN) has emphasized that the ongoing bank recapitalisation exercise is a strategic move to strengthen the country's financial system and position it to achieve its $1 trillion economic ambition by 2030. Speaking at a retreat in Abeokuta, Ogun State, CBN Deputy Governor Philip Ikeazor stated that the recapitalisation policy is designed to equip Nigerian banks to withstand shocks, expand credit to the real sector, and drive inclusive growth. Ikeazor noted that the exercise is a statement of resilience and ambition, aimed at building institutions that can finance infrastructure projects, support innovation, and promote sustainable growth.…
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