Business
Firm Awards Scholarship To 58 Students In Rivers
An oil firm, Enercon Nigeria Limited, has restated its commitment in the development of its host community.
Chairman of the company, Chief Chris Iheanacho, made this pledge Tuesday during the scholarship at voyage award ceremony. A total of 58 students benefitted from the scholarship grant of N10 million while another cheque valued at N2 million was issued for the administration of the scheme.
The Chairman who was represented by the Business Development Manager of the firm, Mr. Chima Ukoumunne, said the gesture was in fulfilment of its commitment to offer scholarship on an annual basis to members of Nkiken Oka Mba Landlords Association, Ngoke compound, Alode, in Eleme Local Government Area of Rivers State.
He described education as a key ingredient to the growth and empowerment of any given community and charged the recipients to make the best use of the money for the course it was set out to achieve.
The Chairman regretted that work on the project site was delayed because of the challenges in obtaining the Certificate of Occupancy (C of O) from the Rivers State Government which is a requirement by the firm’s technical partners in order to commence the project.
He further promised employment opportunities to jobless youths from the community when the project was completed and appealed for the support and friendly working environment to help the company achieve.
Iheanacho clarified that Christaben Nigeria Limited, the company that entered into the agreement with the host landlords is a subsidiary of Enercon Nigeria Limited.
Responding, the Chairman, Landlords Association, Rev. Canon Ransome Goya Ngoke (JP) commended the company’s management for its gesture and promised a cordial working relationship with the firm.
He, however, urged the firm to be transparent in its dealings and to pay strong attention to the promise of employment to youths of the host community.
Chris Oluoh
Special Adviser to the Rivers State Governor on ICT, Engr. Goodliffe Nmekini (right) presenting ipads to Head of Department Paediatrics Braith Waite Memorial Specialist Hospital, Dr Ajibola Alabi (middle). With them are, Dr Josephine Aiyafo during Executive Governor of Rivers State, Rt Hon Rotimi Chibuike Amaechi, inspecting instaled ICT facility by Rivers State ICT Department. Photo: Egberi A. Sampson
“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.