Business
Estate Valuer Urges Operators To Upgrade Skills
The national Vice President 2 of the Nigeria Institution of Estate Surveyors and Valuers (NIESV), Emma Wike has urged operators in the built industry to continually upgrade their professional skills to remain relevant.
He said that it was through involvement in programmes that could enhance their professional skills and competence, that their values would be retained.
Wike who disclosed this while speaking to aviation correspondents, yesterday, noted that the building sector was usually the most hit whenever the economy was passing through challenges like the recession.
According to him, the effects of the economic downturn most of the time result in scarcity of construction activities and then, loss of jobs.
“This makes it paramount for the professionals to continually upgrade their skills and competence to be relevant in the industry.
“Unless we stand our ground and maintain the standards of the profession, we may be swept away by the growing competition in the industry.
“For us to cope in terms of relevance, we will seek for ways to lift up the construction industry by continually embarking on researches and programmes that will enhance our skills”, he said.
The real estate expert posited that the call became necessary so as to sensitise operators in the sector because, according to him, many investors tend to shun the real estate sector in the period of economic downturn and challenges.
“Although the three essentials of life are food, clothing and shelter, but shelter comes last in most people’s scale of preference because it is only when one eats and is clothed that he may think of building or investing in housing”, he said.
Wike called on the federal Government to invest more in the construction sector so as to raise the number of those employed in the sector, and as well aid the country’s real economic recovery at the end.
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.
