Business
Motorists Accuse Keke Drivers Of Recklessness
Road safety measures in any society put in place to prevent severe injury and fatality to road users who are always at risk while crossing highways.
One such measures is the division of roads and vehicles into classes and recommendations are given on which vehicle type could use a particular road class.
In Rivers State, the expulsion of motor bikes, popularly known as okada, in 2013 saw the advent of tricycle popularly known as keke, a faster means of transportation within the State.
Keke drivers in 2013, were restricted to operate only internal roads within Port Harcourt metropolis.
However, some motorists have complained that these keke drivers have over the years drifted from their approved routes into major roads in Port Harcourt, including Government Reserved Areas.
Describing keke drivers as reckless, an insurance broker, Frank Ile noted that the move from their Rivers State Government approved routes into major roads in the city was done system matically over the years, explaining that this happened because of the absence of a monitoring body.
He stated, from being restricted to operate within internal roads in the Port Harcourt metropolis, keke drivers could now be seen operating on major roads such as Ada George, Trans Amadi, Ikwerre, East-West and NTA Roads.
He enjoined the relevant authorities to, “please check the operation of these keke drivers. They have become a menace on our roads because of their reckless driving and lack of consideration for other road users”.
Efforts to reach the State Transport Ministry for comment on the development was not successful.
Tonye Nria-Dappa
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.
