Business

Amaechi Commissions Ultra Modern ICT Centre … Rates Zenith Bank High

Published

16 years ago

May 6, 2010

The Rivers State Governor, Rt. Hon. Chibuike Rotimi Amaechi says the establishment of Information, Communications and Technology (ICT) centre in Port Harcourt would help to increase business activities in the state.

Governor Amaechi stated this Wednesday in Port Harcourt at the official Commissioning of the Ultra-Modern Information, Communications and Technology Centre, donated by Zenith Bank Plc, to the state government, saying that the idea behind the establishment of the centre was completely that of the Managing Director of the Bank, Jim Ovia.

He expressed the hope that ICT, beyond its negative uses in Nigeria where some persons use it to perpetrate fraud, was an avenue to interact globally, and could serve as a place for people to go and study computer or ICT in the state.

The State Chief Executive, who expressed confidence in the relationship between the state government and Zenith Bank, said the government would discuss with the bank to see if they can partner in the management of the centre.

Governor Amaechi noted that the people of Rivers State were grateful to the Bank for her contributions towards the growth of the economy of the state, adding that their friendship with the state government would continue.

Earlier, the Deputy Managing Director, Zenith Bank Plc, Mr Godwin Emefiele, who represented the Group Managing Director, Mr Jim Ovia, said the fully equipped Information Communications and Technology (ICT) centre was donated by the Bank to the Rivers State Government as part of its social responsibility programme, as well as its cardinal policy to show gratitude to the Rivers Community for providing an enabling environment for business to strive in the state,

Mr Emefiele said the establishment of the centre was anchored on Governor Amaechi’s vision for the development of the state, based on active corporate involvement under Public Private Partnership (PPP) Scheme.

He also said the centre is aimed at enhancing government’s development aspirations since ICT is development, and assured the Governor of their commitment to continue the partnership.

Meanwhile, Zenith Bank Plc has been placed on “B” rating for its high level of transparency in its partnership with the Rivers State Government.

Making the pronouncement, midweek, at the official commissioning of the information, communication and Technology (ICT) centre in Port Harcourt, the state Governor, Rt Hon Chibuike Rotimi Amaechi said by this feat, the bank has earned being awarded mega developmental projects.

According to the governor, in addition to the commissioned ICT centre donated by the bank, the finance institution is partnering with the state government in some on-going projects in the state.

In appreciation of the donation of ICT centre, Amaechi promise that the government would take care of the paying of salaries to employees of the centre.

He also promised the bank plots of land along Omagwa and Isiokpo area of the state as part of the state government’s contribution for a modern school promised by the bank to support government’s effort in restoring the standard of education in the state.

Governor Amaechi called on other banks and organizations in the private sector in the state to emulate Zenith Bank Plc in its partnership with government to develop the state.

In his keynote address, the Deputy Managing Director of the bank, Mr Godwin Emefiele thanked Governor Amaechi for providing the platform and stirring the interest of the private sector to contribute to improve the lives of the people in the state.

Mr Emefiele also thanked governor Amaechi and the entire people of the state for their unalloyed support and unwavering confidence on the private sector over their years of operation in the state.

He said the support was instrumental to the donation of the fully equipped (ICT) centre to the government and the good people of Rivers State.

According to him, the project is part of the bank’s cardinal policies to show gratitude to the community that has provided an enabling environment for the bank to render services.

Enoch Epelle

Business

PENGASSAN Tasks Multinationals On Workers’ Salary Increase

Published

1 day ago

December 8, 2025

The Tide

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.

Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.

The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.

PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.

He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.

“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.

Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.

“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.

“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.

“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.

“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.

Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.

“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.

“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.

“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.

Business

SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

Published

1 day ago

December 8, 2025

The Tide

The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.

The Commission disclosed this in a statement posted on its website.

According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.

The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.

According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.

“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.

The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.

Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.

“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.

The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.

It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.

Business

NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products

Published

1 day ago

December 8, 2025

The Tide

The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.

The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.

NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu