Business
Firm Urges Local Production Of Photo Materials
A Port Harcourt-based photographic company, Redkarpet Multi Links Ltd, over the weekend donated some food items, clothings and cash to two Charity Homes in Port Harcourt.
The benefiting Charity Homes are OLG organisation, Woji, which caters for people with autism and the Port Harcourt Compassion Home.
The Business Development Manager, Princess Victoria Woluchem, said the gesture was part of the company’s activities to mark its one-year anniversary.
Woluchem stated that in expressing gratitude to God for the divine guide and blessing to the company, there was need to remember the less privileged in the society and touch their lives.
The company, which started operation on 8th June last year, she said has done pretty well inspite challenges.
“We successfully Covered the Commonwealth Parliamentary Assembly, 40th African Regional Conference, ION International Film Festival, the 2009 CARNIRIV and also covered Port Harcourt International Polo Tournament”, she said.
“Apart from the above, we have been remarkable in the coverage of other numerous private and corporate activities within the state and beyond”, she added.
The Business Development Manager, who revealed that her company is looking forward to the forth coming Rivers State Cultural festival, billed for December this year, stressed the ambition of her company to become the most proficient and purpose-driven digital imaging organisation in sub-Sahara Africa through the assemblage of passion-driven core professionals in the industry.
Woluchem revealed that Redkarpet has trained good number of photographers within the past twelve months and that arrangements have been concluded to train some Niger Delta persons in photography as part of the skills acquisition progamme in partnership with the Niger Delta Development Commission (NDDC).
Commenting on the challenges, she stated that the company was sited near the Rivers State University of Science and Technology in the hope of enjoying patronage of the university community but regretted that the university had been on strike for the greater part of the year.
She also noted that the unavailability of local resources for the industry was a major challenge facing photographic companies.
“We import over 90 per cent of our raw materials from out side the country and this is not helping the industry in its bid to grow as in other countries”, she remarked.
Woluchem called on investors to take interest in the manufacturing of photographic materials locally in view of abundant opportunities available in it.
The manager commended the customers of the company for their patronage and reassured them of consistency in quality standard of services.
She gave kudos to the Rivers State Government for complimenting the efforts of the Federal Government in bringing about peace through the amnesty programme.
Chris Oluoh
“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.
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.