Business

Gov. Otti Invites Lagos Traders Back To Abia State, Promises Security & Business Growth

Gov. Otti Invites Lagos Traders Back To Abia State, Promises Security & Business Growth

Governor Alex Chioma Otti OFR has assured leaders and traders of Alaba International Markets, Oyinbo, Ladipo, and United Market Leaders and Traders Association of Nigeria of adequate security measures, a business-friendly atmosphere, and a conducive environment to invest and do business in Abia State. Through his Special Adviser on Trade, Commerce, and Industry, Chief Nwaka Inem, Governor Otti expressed his administration's readiness to create physical infrastructural development and facilities that will serve as a one-stop business hub for investors and traders. https://youtu.be/CqbjrbWDyEQ?si=yEE1qoPXkIG0kYR0 Chief Inem emphasized the state government's commitment to providing a conducive environment for businesses, highlighting initiatives such as…
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Telegram CEO Pavel Durov Detained in France Amid Investigation into Platform’s Alleged Ties to Criminal Activity

Telegram CEO Pavel Durov Detained in France Amid Investigation into Platform’s Alleged Ties to Criminal Activity

Pavel Durov, the billionaire founder and CEO of messaging app Telegram, was taken into custody at Bourget Airport near Paris on Saturday, according to French news sources TF1 and BFM TV. The arrest was made under a French warrant related to a preliminary investigation into Telegram's suspected involvement in facilitating criminal activities. Durov, a 39-year-old Franco-Russian citizen, was traveling on his private jet from Azerbaijan with a bodyguard and a woman when he was apprehended by the Air Transport Gendarmerie. As of the time of this report, Telegram has not issued an official statement regarding the incident. Similarly, the French…
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New fintech company ATUS set to rock the industry with its rock-bottom charges.

New fintech company ATUS set to rock the industry with its rock-bottom charges.

As the world of innovation and improvement in the area of financial technology companies continues to evolve with new ideologues and cutting-edge innovations that will further ensure perfect service delivery to all Nigerians in the financial industry, we must always prepare our minds for new entrants that will change the status quo and offer more people-friendly service options. This is where ATUS has come in to fill every vacuum in the financial technology system. To rule the Fintech Business world, ATUS has since started a loaning system that gives their customers real flexibility in terms of collateral and loan terms…
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East African Community Trade Bloc Accepted Somalia into Its Membership.

East African Community Trade Bloc Accepted Somalia into Its Membership.

Following decades of warfare and recovery efforts, Somalia became the eighth member of the East African Community (EAC), a significant step towards free trade and economic integration throughout the region. At the EAC summit in Tanzania, Somalia was admitted. This is expected to bring the total population of the EAC market—which currently includes Burundi, the Democratic Republic of the Congo, Kenya, Rwanda, South Sudan, Tanzania, and Uganda—to over 300 million. In attendance at the summit, President Hassan Sheikh Mohamud praised this action as a ray of hope for Somalia, promising a future rich in possibilities. After years of unrest, Somalia's…
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The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

Senior Advisor Peter Joy Serwornoo to the Secretary-General of the African Continental Free Trade Area (AfCFTA) declared that 30 African nations are ready to start trading under this agreement next year, marking a significant step towards its implementation. Through the AfCFTA Guided Trade Initiative, seven countries have started trading in order to help African states begin trade under this agreement. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Speaking at the Regional Forum on AfCFTA for Anglophone West…
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