Business
Monarch Hails Boat Owners On Passengers’ Safety
The Amanyanabo of Ogu Kingdom, in Rivers State, His Majesty, King Nichola Dickson Ibiebele Nimenibo, has commended the executive and members of the speed Boat Owners Association of Okrika, for giving priority to the safety and comfort of their passengers.
Nimenibo, made the commendation when the members paid him a solidarity visit in his palace at Ogu in Ogu/Bolo Local Government Area, Saturday.
The monarch said that he is very proud to be a member of the association, especially with the level of achievements and display of maturity by the members, describing them as great and distinguished members, and enjoined them to keep up the spirit.
He also expressed delight with the building of a magnificent edifice at ATC Okrika for the comfort of the passengers and the masses, and lauded the leadership qualities and vision of the Exco which he said is worthy of emulation.
Nimenibo assured that as a first class traditional ruler, he would always project the well-being and development of Wakirike ethnic nationality, and reiterated his call for the unity, love and co-operation of all sons and daughters to move the nation to its former enviable height.
The royal father thanked the members for the visit and assured that, he would continue to partner with them at all times as a bonafide member for the interest of the masses.
Earlier, chairman of the Association, Chief Sunday Opeya, had thanked Governor Nyesom Wike for recognizing and elevating the stool of their members to a first class status, adding that they are very grateful, and advised the Amanyanabo not to see his stool as only for Ogu Kingdom but for the entire Wakirike nation.
Opeya prayed God to continue to give the King wisdom, knowledge and good health to rule the people and expressed optimism that his reign would bring more development, peace and unity to the people of Ogu kingdom and Wakirike nation in general.
“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.