Business
Monarch Proffers Solution To N’Delta Agitations
The Chairman, South-South Traditional Rulers Council and the Amayanabo of Nembe Kingdom, HRM Edmund Dakouru has said that Town Hall meetings in the communities of Niger Delta will go a long way to solve the problem of agitation for economic resources, instead of convening selected meetings in Abuja.
He said that convening town hall meetings in Niger Delta communities will give an opportunity for various stakeholders and groups to partake in the process of dialogue, to be able to bare their minds to the Federal government rather than selecting certain persons to a meeting in Abuja who in the stakeholders hardly regard as their representatives.
Dakouru who disclosed this to airport correspondents at the Port Harcourt international Airport, Omagwa shortly on arrival from Abuja, Thursday, explained that the reason why the meetings between the Federal Government and some Niger Delta opinion leaders have not yielded result is because other stakeholders feel that their voices have not been heard.
“Niger Delta problem is complex, and it can not be solved by one person or one group. What we need is inclusive solution.
Inclusive solution means that a few people should not take credit for what is happening. All of us have to solve the problems together.
“The right approach to this is taking a town Hall approach. You cannot gather all of us at presidential villa. Some may not have the resources or the connection to go to ‘Aso Rock’, even if every body is invited.
“The thing is to set up a team that will go from place to place, from state to state to have meeting with the people, where their views are collated and at the end, a solution will adopted and implemented, and this settles the matter.” The monarch stated.
He said that all groups like the youths, professionals, NGOs, women, traditional rulers etc should partake in such town hall meetings, so that they will be fell that they are part of the process to the solution, and everything will be well.
Corlins Walter
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.
