Business
13,000 Teachers: NLC Insists On Police Apology
Inspite of the 21-day ultima
tum given by the organized labour to the Rivers State Police Command to explain the rationale behind the attack on the newly recruited 13,000 teachers at the Liberation Stadium, the National Leadership of the Nigerian Labour Congress (NLC) is also demanding an apology from the Police High Command for the attack on the Rivers teachers.
The NLC through its Secretary General Comrade Chris Uyot said the Police must act with decency.
Comrade Uyot said the NLC wishes to protest the teargassing and brutalization in Port Harcourt of newly recruited teachers who had gathered at the instance of the Universal Basic Education Board to receive their letters of appointment. The NLC scribe stated that the Police High Command must apologize to the organized Labour in the country for the condemnable and despicable act of the Police in Rivers State.
He said the national leadership of the Labour movement supports the 21-day ultimatum issued by the NLC and Trade Union Congress (TUC) in the state to the Police.
The Union’s Secretary added that the Police authorities in the state must act within the constitutional ambit of the law. He said the Police have refused to obey lawful order of the court to vacate the Obio/Akpor Local Government Council Secretariat since the court gave the order.
He enjoined the Police as an institution to protect lives and property to always respect constituted authorities and act within the constitutional provisions in the discharge of their responsibilities.
Philip Okparaji
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.
