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Wike Appoints Onuchukwu IAUE’s Acting VC …UNIPORT VC Hails Appointment

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The Rivers State Government has approved the appointment of a new acting vice chancellor for the Ignatius Ajuru University of Education, Rumuolumeni in Obio/Akpor Local Government Area.
The appointment followed the expiration of the tenure of the former Vice Chancellor, Prof. Ndimele Ozo-Mekuri, recently.
The appointment was announced in a statement signed by the Special Assistant (Media) to the Rivers State Governor, Kelvin Ebiri, and made available to newsmen, last Wednesday, in Port Harcourt.
The statement reads in full: “The Governor of Rivers State, Nyesom Ezenwo Wike, in exercise of the powers vested in him as Visitor to the Ignatius Ajuru University of Education (IAUE), Rumuolumeni, Port Harcourt, has approved the appointment of Professor Okechukwu Onuchukwu as the Acting Vice Chancellor of the University.
“The appointment takes immediate effect”.
Reacting, the Vice Chancellor, University of Port Harcourt, Prof. Owunari Georgewill, hailed the appointment, describing it as well-deserved.
A statement by the institution’s Public Relations Office, Sam Kpenu, said, “The Vice Chancellor, University of Port Harcourt, Prof. Owunari Georgewill, has on behalf of the Governing Council, Senate, staff and the entire students of the university congratulated a former Dean of the Faculty of Social Sciences in the university, Prof. Okey Onuchuku, on his appointment as Acting Vice Chancellor of Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State.
“The vice chancellor described the appointment of Onuchuku by the Visitor of the Ignatius Ajuru University of Education as a clear testimony of Onuchuku’s high impact performance as a thoroughbred academic and expert in development economics.
“Georgewill commended the Visitor and Rivers State Governor, Chief Nyesom Wike for appointing Onuchuku, who was the immediate past director of the University of Port Harcourt Business School as Acting Vice Chancellor.
“I am very hopeful that your coming on board as the Acting VC will witness the consolidation of the evident gains recorded on your previous positions of trust. The appointment will also consolidate on the giant strides left by the outgoing Vice Chancellor of Ignatius Ajuru University of Education, Professor Ozo-Mekuri Ndimele,” Georgewill was quoted as saying.
The UNIPORT VC said he has no doubt that Onuchuku will take Ignatius Ajuru University of Education to greater heights in line with the vision of its founding fathers.
He wishes him continued good health and the wisdom as he braces up to take on this renewed challenge that has been entrusted on his broad and capable shoulders.

By: Nelson Chukwudi

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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