The economy of Awka city revolves primarily around government since many state and federal institutions are located there. Awka hosts the State Governor's Lodge, State Assembly and State Ministries for Health, Education, Lands, Water.
The Anambra Broadcasting Service (ABS) a TV and radio station are located in the city center. A number of federal institutions including the Central Bank of Nigeria (which has a currency center in Awka), the NTA Awka media station, and branches of the Federal Inland Revenue Service, Federal Road Safety Commission, Nigerian Immigration Service, and Corporate Affairs Commission are also present in the city.
In recent years, several new businesses have erected fascinating new buildings that have largely changed the face of Awka city. The partly state-owned Orient Petroleum Resources Ltd has the headquarters in Awka. The company is poised to set up a refinery at Igbariam to jump-start the exploitation of the huge crude oil deposits in the Anambra River basin. Also Juhel Nigeria has constructed a manufacturing plant for Parenteral drugs in the city.
Major Nigerian Banks such as Access Bank, Bank PHB, Diamond Bank, Ecobank, First Bank, Intercontinental, Oceanic Bank, UBA, Union Bank and Zenith Bank have opened branches in the city
