Rivers

FGN Securities, Most Rewarding Naira Denominated Investment – DMO

Published

3 years ago

May 15, 2023

The Debt Management Office (DMO) has assured Nigerians that Federal Government of Nigeria (FGN) Securities are the most rewarding Naira denominated investment.
Director-General of the DMO, Patience Oniha, gave the assurance in Port-Harcourt, during the FGN Securities Issuance Awareness Programme in Port-Harcourt.
Oniha, who was represented by Mr Alfred Ekiye, Deputy Director, Administration, DMO, called on residents of Rivers State to take advantage of the opportunity in the FGN Securities to invest and earn regular income.
The Tide’s source reports that the awareness programme was organised by the DMO in collaboration with CSL Stockbrokers Ltd., the stockbroking firm for the Federal Government,
Oniha said the risk-free nature of FGN securities made them an attractive and secure investment option for Nigerians.
She said the different products provided by FGN Securities provided a rare opportunity for all Nigerians to invest based on their financial capacities.
According to her, the Federal Government had introduced additional products to make it more inclusive and to meet the aspirations and demands of investors.
She said all Nigerians, irrespective of their financial status, were qualified to invest and get good and safe returns on their investments.
Oniha explained that FGN Securities were attractive because they provided citizens with the opportunity to contribute to national development.
According to her, it also helps to provide some of the funds needed by the government to address deficit in infrastructure.
“The purpose of this forum is to create more awareness on investment opportunities inherent in FGN Securities that the DMO offers to Nigerian investing public.
“It is particularly about the FGN Savings Bond, which is designed for retail investors.
“Investment in FGN Securities is one of the safest Naira investments that you can have; there is nothing to worry about in terms of security of the investment”, she said.
She assured that the awareness programme would be taken round the country to be of benefit to many more Nigerians.
Also speaking, Mr Abiodun Fagbulu, the Managing Director of CSL Stockbrokers Ltd., said that the federal government issued various security instruments to raise funds to finance most of its projects.
Fagbulu, who was represented by Mr Richard Akinmoladun, from CSL said that FGN Securities were best suited for all categories of Nigerians, irrespective of status.
He urged Nigerians to invest in the various products available, as they would have no need to worry in view of the safety that comes with such investment.
He listed some of the products as FGN Bond, FGN Savings Bond, Nigerian Treasury Bills, FGN Sukuk and the Green Bond.
“With as little of N5,000 you can invest in the FGN Savings Bond”, he said.
The source reports that the FGN Securities Issuance Awareness Programme, which commenced in Lagos in March, 2022, has earlier been taken to Enugu, Ibadan, Kano, Yola, Umiahia, Gombe and Osogbo.
It is scheduled to hold in Benin, Edo State on May 18.
In January, the DMO had also created an FGN Securities portal to make subscriptions to the various products seamless and to attract more investors, especially young Nigerians, to FGN Securities.

Rivers

Microbiologists Inaugurates New Exco, Chart New Course In Dev

Published

16 hours ago

February 23, 2026

The Tide

The Nigerian Society for Microbiology (NSM) has strengthened its regional footprint with the inauguration of the executive members of its South-South Zonal Chapter, tasking them with championing the pivotal role of microbiologists in national development.

At a virtual inaugural meeting held recently, the National President of NSM, Prof. S. A. Ado, formally ushered in the new leadership team, describing the chapter’s take-off as both strategic and long overdue for a region of immense ecological and economic importance.

The newly appointed executives are Prof. Nedie P. Akani, who is the Zonal Coordinator (Rivers State University); Dr. Anwuli U. Osadebe, Zonal Secretary (University of Port Harcourt); Dr. Tonye Sampson, Treasurer/Financial Secretary (Rivers State University); and Prof. Elijah Ohimain, Public Relations Officer (Niger Delta University, Amassoma, Bayelsa State).

In his welcome remarks, Ado congratulated the team and pledged the full backing of the National Executive Council (NEC), commending the swift coordination that culminated in the chapter’s inauguration.

He urged the executives to prioritise unity and professional mobilisation across the vast South-South region, noting that effective organisation would be critical to achieving impact.

Echoing this position, the National Secretary, Prof. Sunday Awe, and the National Business Manager, Prof. C. J. Ogugbue, reaffirmed NEC’s support and underscored the weight of responsibility before the new zonal leadership.

They acknowledged the geographic spread and diversity of the zone, but expressed confidence in the capacity of the Coordinator to provide purposeful leadership.

Ogugbue, in particular, highlighted the multidisciplinary scope of microbiology and its growing relevance in pollution control, environmental remediation, biodiversity conservation, agricultural productivity, coastal ecosystem protection and the development of a sustainable blue economy.

He stressed that the South-South Chapter must serve as a hub of scientific leadership, given the region’s environmental sensitivities and economic assets.

In her inaugural address, the Zonal Coordinator, Prof. Nedie Patience Akani, described the formal launch of the chapter as “a dream come true” for microbiologists in the region who had long anticipated a structured platform for collaboration and professional advancement.

Akani said the new executive was fully aware of its mandate and committed to repositioning microbiology as a driver of innovation and problem-solving in the South-South.

According to her, the Chapter will focus on mobilising practitioners to register with the society and participate actively in its programmes, ensuring timely payment of dues, organising annual symposia and workshops, appointing state representatives, and maintaining regular reporting to the NEC.

She emphasised that beyond administrative coordination, the executive would work to amplify the voice of microbiologists in addressing regional challenges, particularly in environmental management and sustainable development.

“We are committed to serving the society and advancing microbiology in the South-South zone,” she said, and expressed appreciation to the national leadership for its trust and for enabling the inauguration to hold virtually.

With the new executive now in place, stakeholders say the South-South Zonal Chapter is poised to galvanise professionals across the region and deepen the impact of microbiological research and practice in shaping public health, environmental sustainability and economic resilience.

Rivers

IAUE VC Warns Against High Price In Textbook Sales

Published

16 hours ago

February 23, 2026

The Tide

The Vice Chancellor (VC) of Ignatius Ajuru University of Education (IAUE), Prof Okechuku Onuchuku, has directed students to report any lecturer who sells textbooks above ?5,000 to the institution’s Quality Assurance Department.

This, he said, is part of decisive steps to protect students from exploitation and uphold ethical standards on campus.

Onuchuku made made this known following students’ growing lamentation over the high cost of textbooks in the Campus recently.

The VC warned that compelling students to purchase textbooks at inflated prices is not the policy of the university and will not be condoned under any circumstance.

He stressed that while academic authorship is encouraged, monetising compulsory materials beyond the approved ?5,000 benchmark undermines access to education.

According to him, any lecturer found violating the directive should be promptly reported for investigation and appropriate sanctions.

He assured students that management remains committed to creating a fair academic environment where learning is not hindered by undue financial pressure.

The IAUE helmsman described the directive as part of a broader reform agenda aimed at sanitizing the academic system and strengthening institutional accountability.

He reiterated that the Quality Assurance Department has been empowered to handle such complaints with confidentiality and diligence.

Professor Onuchuku has consistently championed discipline, transparency and integrity since assuming leadership of the university.

His administration has repeatedly cautioned staff against academic fraud, sharp practices and conduct capable of tarnishing the institution’s image.

Under his stewardship, the university secured approval from the National Universities Commission (NUC) to mount fourteen new undergraduate and postgraduate programmes, significantly expanding its academic frontiers and reinforcing its relevance in Nigeria’s higher education landscape.

In a bid to promote academic excellence, the Vice Chancellor also introduced incentives targeted at high-performing students, including free internet access for those with a cumulative grade point average of 3.5 and above.

The initiative, according to a statement from the Public Relations Unit of the university, is designed to strengthen research culture and reward diligence.

By: King Onunwor

Rivers

Hon Worlu Expresses Concern Over Tragic Incidents In PHALGA … Assures On Safety, Security

Published

16 hours ago

February 23, 2026

The Tide

The Chairman of Obio/Akpor Local Government Area (LGA), Hon. Gift Worlu, has expressed deep concern over the unfortunate incidents that led to the loss of lives in parts of the LGA.

A statement the Chairman personally signed, weekend, said the incidents occurred in Rumuokpoku, Rumuola and at the Rumuokwurusi Oil Mill Market, causing apprehension among residents.

The OBALGA Council boss described the development as regrettable and assured residents that security agencies are fully on top of the situation.

He disclosed that some arrests have already been made in connection with the incidents, with efforts ongoing to ensure that the suspects are prosecuted in accordance with the law.

The Chairman urged residents to remain calm and law-abiding, stressing that there is no cause for panic.

He called for sustained collaboration between security agencies and community leaders to curb the negative trend and restore normalcy in the affected areas.

Dr. Worlu commended security operatives and community stakeholders for their swift response and commitment to maintaining peace and order.

He reaffirmed the commitment of the local government to safeguarding lives and property across the LGA.

The Chairman encouraged residents of Obio/Akpor to continue with their lawful businesses without fear, and assured that the government will continue to take all necessary measures to strengthen security and prevent a recurrence of such incidents.

He extended his heartfelt condolences to families who lost their loved ones in the unfortunate events, and also prayed for the repose of the departed souls and comfort for the bereaved families during this difficult period.

By: King Onunwor