Business
Nokia, IEAP To Honour Ten Nigerian Youths
NOKIA, the world leader in mobility has once again re-affirmed its commitment towards appreciating and supporting youths who actively strive to make positive changes within their communities, Nokia and IEAP African honoured an additional ten young Nigerians through the Nigrian Youths Leadership Awards. This year’s event which held at the Shell Hall at Lagos Muson centre, Victoria Island, was graced by eminent personalities from across the country such as guests from the private sector, government officials, members of the diplomatic corps, representatives from the development organisations as well as members of leading media agencies. The event was chaired by Mr. SAnusi Lamido Sanusi the current CBN Governor and a serving member on LEAP’s Advisory board while Mr. Sesan Awoniki, CEO of Anchor International consulting served as the keynote speaker for the occasion The communication manager Nokia Nigeria and West Africa, Mrs. Ngozi Ife Annene said the partnership with IEAP Africa presents a unique opportunity” for us at Nokia. The platform that IEAP Africa works together to using a comprehensive approach to tackle issues that one close to hearts of youth engaging them and interacting with them. It is something young Nigerians appreciate and it is something that we look forward to at Nokia”
As always, the applicant for this year awards were received following a national advertising campaign: these applicants were meticulously screened and following rigorous deliberation by a team of world class Judges, ten youths from the six geopolitical zones in Nigeria with change initiatives focused on business and economic development, environment, education, law and human rights, healthy media, art culture and science and technology, were featured for the award.
Speaking at the event, communication manager Nokia Nigeria, Ngozi Ife Annene, commended the effort of the awardees for their various contributions to the country in a way they know best. Nokia’s belief in power of youth has been demonstrated in the company’s sponsorship of the youth leadership programme, for the past five years.
Nokia identifies with the passion of these young adults and would continue to encourage and support their dreams of seeing changes in this country,” Annene said.
Mrs. Annene further described Nokia’s relationship between IEAP Africa and IYF as “a partnership that we value greatly” one which has encouraged Nokia to do more.
Our successful partnership with IEAP Africa is proof that corporate bodies can have a positive impact on societies” she explained. In fact our partnership with IEAP has expanded to reach more youths we have just commenced a high school leadership programme on Ethics and Civics, or LEC which will bring life skill and civics awareness to teans”.
Nsidibe Udo Mkpa
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.
