Business
Mariner Urges Training Of Seafarers
The need to train and re
train more seafarers in the Niger Delta region of the country has again been emphasized.
A Port Harcourt based mariner and maritime consultant, Engr Patrick Daka made the assertion while speaking with our correspondent in Port Harcourt yesterday.
According to him, the need to train and retrain the Nigerian seafarers especially those in the Niger Delta region became necessary due to the technological advancement in the maritime industry, to enable them acquire knowledge and be gainfully employed as well as to prevent them from indulging in vices inimical to the norms of the society.
Daka, a marine engineer by profession stressed that seafarers must undergo regular training inorder to add value to Nigeria’s participation in international maritime trade in line with global best practices.
He further said that the training should not be limited to seaferers alone but to all segments of the maritime industry, adding that it is one aspect the Federal Government should not wave-off and called on all stakeholders to show concern, for the interest of Nigeria and the Niger Delta region in particular.
“With training on latest development in the maritime industry, activities of sea pirates would be curtailed, militancy, oil theft and other anti-social vices would be reduced in the country,” he posited, and further called for all hands to be on deck to gainfully engage the youths especially with the political trend on ground.
He however called on Nigerians to be encouraged to own ships that could also engage the trainees on implementation of the Cabotage law and also commended the Nigerian Maritime Administration and Safety Agency (NIMASA) for embarking on regular training of seaferers through the National Seaferers Development Programme (NSDP).
Collins Barasimeye
Business
Association Seeks Intervention to Save Domestic Airlines
Business
CBN Reforms Impact Consumers As Dollar Card Spending Limits Rise
“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.
Business
WEC: FG Inaugurates Governing Board … As Nigeria Rejoins Council
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.
