Business
Institute Honours RTC Management
Six management staff of the Rivers State Transport Company (RTC) were recently honoured with awards of excellence in mass transit operations in Nigeria by the Management and Technology Institute Aba, Abia State. Those honored include the acting General Manager of the company, Peter Borlo JP, Head of Personnel, Allwell Amakiri, Head of Business Development, Biedima Wariso, Commercial Manager, Mathew Oputa, Head of Operations, Wiston Dublin Green and the accountant of the company, Mrs. Comfort Koko.
Presenting the awards, the Director of Training and Manpower Development of the Institute, Mr Frank Azubuike said the awards were in appreciation of the untiring contributions of the Rivers State Transport Company among other state owned transport companies. He charged the RTC management not to relent in its effort and cautioned against malpractices in mass transit operations through the activities of miscreants known as agboros.
Responding on behalf of the RTC management, the acting General Manager, Peter Borlo JP, expressed deep sense of appreciation to the management of the institute for considering RTC deserving of the awards after an assessment of mass transit operations in the South-South. He said the awardees were co-players in a team of more than 10 persons working together as a family to perfect the mass transit programme established by the Babangida administration in 1988 to halt the exploitative tendencies of the private sector in transport operations. He said RTC since its establishment in 1970 had gone through series of reorganizations and the present management was poised for excellence in transport services through a synergy of efforts.
The general manager also lauded the institute for training various state- owned transport organisations and enjoined them on the regulation of mass transit operations. He said transportation was noble profession which should be managed by transporters and not to be made an all comers affairs.
Managing director, Akomas and Partners , Prince George Akomas (left) listens to zonal secretary, Port Harcourt Zone Shareholders Association, Francis Orji, at a seminar organised by Port Harcourt branch of the Nigerian Stock Exchange at Hotel Presidential. Photo: King Osila
“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.