Rivers

FGN Securities, Most Rewarding Naira Denominated Investment – DMO

Published

2 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

Motor Spare Parts, Industrial Generators Dealers’ Union Swears Gets New Chairman in Port Harcourt

Published

2 days ago

July 18, 2025

The Tide

The Owhonda Dickson Motor Spare Parts and Industrial Generators Dealers’ Union operating in Ikoku Port Harcourt, Rivers state has sworn in Mr. Cyril Igbokwe, popularly known as Onyeoma Cy, as its new Chairman.

The brief swearing _in ceremony was held at the union office in Port Harcourt, last Wednesday

In his acceptance speech, Mr. Igbokwe expressed gratitude for the trust and confidence his members had shown in him, despite his perceived educational background compared to others. , “I feel very happy to be the chairman of this great union in this great market. I’m proud of my executives for demonstrating commitment and cooperation.” Notably, the executives raised over ?1 million for the inauguration ceremony within an hour.

The new Chairman promised to tackle key challenges facing the union, including security and indiscipline. He vowed to follow in the footsteps of his predecessor, who he praised for excellent performance, and aimed to possibly do better.

Mr. Igbokwe emphasized maintaining a robust relationship with the host community and conducting his affairs within the ambit of the law.

In his remarks,the Electoral Committee Chairman’, Igwe Amobichukwu Eze Okorie, assured that the elections were conducted in a free, fair, and credible manner. Despite facing challenges such as non-compliance with guidelines and unfounded propaganda campaigns, no formal protest letters had been received.

Also speaking, the Women’s Leader, Lolo Nkechinyere Okolie, expressed faith in the new Chairman, citing his integrity and experience. She highlighted her role in ensuring women’s voices are counted in the union and vouched for the credibility of the election, noting that Mr. Igbokwe was the popular choice among members.

Rivers

CDS Urges Communities To Protect Pipelines

Published

2 days ago

July 18, 2025

The Tide

The Chief of Defence Staff, Gen. Christopher Musa, has urged Trans Niger Pipeline (TNP) host communities to protect national assets located within their areas.

Musa made the appeal at a monthly stakeholders’ meeting organised by Pipeline Infrastructure Nigeria Limited (PINL) in Port Harcourt.

Represented by Navy Capt. Lassie Ozovehe, he said the effects of oil bunkering and pipeline vandalism were mostly borne by the host communities themselves.

He noted that the environmental and health risks from pipeline damage affect locals more than the oil companies operating in the region.

“These assets are on your land. You benefit from them, so you must protect them and safeguard yourselves from the hazards”, he said.

He praised PINL for its consistent efforts in securing the assets, particularly its record of zero infractions on the Trans Niger pipelines.

Earlier, Dr. Akpos Mezeh, PINL’s Community Relations Consultant, urged host communities to collaborate in tackling security challenges in the Niger Delta.

Mezeh said PINL had expanded its mandate to include the security of all oil and gas infrastructure in the Eastern Corridor, including gas pipelines.

He explained that the meeting aimed to reduce pipeline vandalism and oil theft, which have major economic consequences for the country.

He stated that PINL had seen near-zero incidents over the past month, crediting host community cooperation for the achievement.

He, however, identified ongoing issues such as poor information sharing, threats to surveillance guards, stakeholder collusion, and leadership disputes.

A keynote speaker, Mr. Otoyo Sunday, discussed the serious health effects of gas flaring in the Niger Delta region.

He urged people to view the environment as living, warning that harmful activities have long-term consequences for people and nature.

Sunday condemned gas flaring caused by well testing, pressure releases, and illegal refining activities.

On his part, Chairman of the Ijaw Youth Council (IYC), Eastern Zone, Mr. Datolu Sokubo, called for a balanced focus on security and human development.

“You can’t protect pipelines without addressing people’s welfare. Without our cooperation, infrastructure is never truly secure”, he said.

He urged the Federal Government to prioritise development, especially in education and healthcare, across the region.

The Traditional Ruler of Ekpeye Land, Eze Kelvin Anugwu, called on oil companies to end gas flaring immediately.

Represented by Dr. Patricia Ogbonnaya, he urged PINL to raise awareness of the health and environmental concerns of the communities.

“We keep advising our youths against bunkering. But oil firms must take responsibility for the long-term effects of their operations”, he stated.

Other traditional leaders at the meeting requested improved welfare for surveillance workers, chiefs, and communities to maintain stability and protect oil infrastructure.

Theresa Frederick & Charity Amiso

Rivers

Monarch Cautions Youths Against Illicit Drug Consumption

Published

2 days ago

July 18, 2025

The Tide

The Eze Igbu Orlukwor II, Eze Ehie II, HRH Eze Prince Ike Ehie, has cautioned youths in his kingdom and Ekpeye at large on the need to abstain from illicit drugs consumption.

Ehie said this recently while fielding questions from newsmen in commemoration of the 2025 World Drug Abuse Day at his liaison office, Ahoada.

He emphasized that drug abuse was dangerous to the body system as it had harmed many physically, mentally and otherwise.

The Monarch noted that people should always take ‘drugs’ based on prescription by qualified medical and health personnel.

He said youths’ alleged disrespect for constituted authorities, mental challenge and various types of illnesses can be linked to the consumption of illicit drugs.

The Royal Father further noted that except government agencies saddled with the requisite responsibilities synergized with traditional institutions and other like-minded organizations, much may not be achieved against the campaign and fight against illicit drug consumption.

According to him, most youths today can do nothing without taking hard drugs, which he said makes them ‘high’ and hyper elated.

The Orlukwor Monarch wondered how the youths would take over the mantle of leadership at both communities and federal levels with such uncultured behaviour and repugnant attitudes.

The World Day of Drug Abuse, was tagged, “Breaking The Chains, Prevention, Treatment And Recovery For All”.

King Onunwor