Business
Mobil Donates N17m Library To GSS Onne
Mobil Producing Nigeria Unlimited, operator of the Nigerian National Petroleum Corporation, NNPC/MPN Joint Venture, has constructed, equipped and handed over a library complex worth seventeen million Naira (N17m) to Government Secondary School, Onne in Eleme local Government Area of Rivers State.
Speaking at the commissioning/handing over ceremony, the Executive Director, Mobil Producing Nigeria, Mrs Gloria E. Essien-Danner, decried the absence of educational infrastructures in public schools in the country today, adding that the gesture of the company was its modest contribution to ensuring a conducive learning environment for students and teachers of the school.
Mrs Essien-Danner who was represented by Captain Ezekiel P. Agaba, emphasised the need to revive the reading culture among youths and expressed the hope that the facility which is fitted with a 5KVA electricity generating set will enhance the school’s pursuit of academic excellence.
“Our role is to continue to assist governments develop the communities”, she said adding that education was at the core among healthcare and economic empowerment support and assistance given to host communities of the multinational oil giant.
The Executive Director commended the people of Onne for the cordial relationship existing between them and the company and urged the school and the community to protect the facility and maximise the benefits derivable from it.
In his own speech, the paramount ruler of Onne, HRM, J.D. Osaronu described Mobil as the company with the best community relations record in Onne and catalogued a host of other contributions by MPN in the areas of healthcare, education and economic empowerment of the people of the area.
He thanked Mobil for the gesture and urged other companies operating in the area to borrow a leaf from the oil firm.
The Chairman of ElemeLocal Government Area, represented by the Supervisor for Education in the Council and Mrs M.I. Benebo-Briggs, Director, Educational Services, Rivers State Ministry of Education, who represented the Commissioner for Education commended MPN and urged the proper use and safety of the facility while the principal of the school, Chief Joe Ohiji and Elder Jonathan Kerenwin urged the government to address the dearth of teachers and other infrastructures like school desks, electricity, potable drinking water and fencing of the school premises.
Opaka Dokubo
“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.