Business
Rivers/Bayelsa Monarchs Condemn Colleague’s Kidnap
The Rivers/Bayelsa States Joint Council of Traditional Rulers has condemned the recent kidnap of the paramount ruler of Ogboin clan in Bayelsa State, King George Owefa.
The position of the traditional rulers was expressed in a six points communiqué signed by the Rivers/Bayelsa State chairmen of Traditional Rulers council, King T.J.T Princewill and King Joshua Igbara respectively.
The communiqué stated that “ the targeting of Royal fathers by kidnappers for ransom was an insult to culture and tradition”.
The communiqué called on all security agencies in the states to make concerted effort to rescue the victim and bring the perpetrators to book.
Briefing newsmen in Port Harcourt recently, King Igbara who spoke on behalf of Rivers and Bayelsa states described the kidnap of one of their colleague as a taboo, which debases culture and customs.
He expressed displeasure on behalf of the traditional rulers on the issue which he said should be critically addressed.
Meanwhile, the Emohua Youths Council has also condemned the abduction of the Ogboin monarch within Emohua territories. President of Emohua Youth Council, Onunwo Innocent, called on security operatives in the state to wake up to their responsibilities of protesting lives and property.
He demanded the unconditional release of the monarch, and stated that the perpetrators of the act should be fished out and prosecuted.
The whereabout of the abducted traditional ruler who was seized at his project site in Emohua Local Government Area is still unknown, as his captors are still at large.
Tenah Beemene
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.