Business
We’ll Sanction Those Behind NCSU Secretariat Vandalisation – National Officer
The National Vice Chair-
man of the Nigeria Civil Service Union (NCSU), South South Zone, Comrade (Chief) Mike Oglafa, has assured that the National Headquarters of the union in Abuja would sanction those behind the recent vandalisation of the Rivers State secretariat of the union in Port Harcourt, describing the incident as a criminal act.
Oglafa, who gave the assurance during an unscheduled visit recently, said the act was the handiwork of unscrupulous elements out to plunge the union into another crisis in the state.
“And then, with what I have seen, I know that it was a plot by unscrupulous elements who do not want NCSU to move forward. Definitely, at the end of the day, we are going to bring them to book. There are necessary sanctions that will take place because we have a Bible. We will look into it”, he said, stressing that those who are found guilty, would go to the judiciary to clear themselves.
According to him, “if it is punishment, expulsion, suspension, or whatever, they will take it because we don’t condone evil acts”.
He further indicated that the perpetrators were persons who do not want good things and progress to come to the union but only wanted crisis.
The chairman of the union in the South-South zone further expressed shock over the development, going by recent efforts by the National Headquarters of the union to restore peace and normalcy to the union in the state, and regretted that those out to plunge the union into another crisis were merely peddling lies and rumours to justify their actions, as their petitions had not got to his office.
He said if he did not undertake the visit to see things for himself, he would not have understood the level of destruction they had inflicted on the union, stressing that elected officers of the union could only be removed from office through constitutional means and promised to convey all that he had seen to the National Headquarters for prompt actions.
Oglafa further threw his weight behind the steps so far taken by the leadership of the union in the state, assuring that members of the State Administrative Council (SAC) would serve their mandatory four years in office, as nobody would change that position through the backdoor.
He, however, urged the union members to shun rumours, close ranks and continue to support the present administration, saying, “in a house that has cracks, you don’t expect good things.” The state Chairman of the union, Comrade O.T. Litly-West thanked the national officer of the union for the visit.
Donatus Ebi
“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.