Business
Abandoned Building Turns Classic Plaza
A property that appeared to have been abandoned for some years back in Port Harcourt has now become a high-flyer cosmetic plaza.
The reconstructed building situated between the education bus stop and Chisco transport axis of Ikwerre Road with an upsurge of 100 per cent rentage is housing many cosmetic merchants, dealers and companies that are into the trade.
The Tide observed that the said property that used to harbour criminals and other illegal business operators, with shattered windows, doors and cracked walls, beside the ICD Photos Industry, has now been transformed to one of the best property and attractive places to do business in Port Harcourt with adequate armed security operatives.
It was reliably gathered that the idea to reconstruct the property was born out of the high demand for commercial houses, especially within the Ikwerre Road axis where the market forces have put pressure for conversion of residential houses to those of commerce.
The estate consultant on the project, Mr. Bestman Ariobiobara who spoke to The Tide, said the property was almost wasting away, in spite of its potential to generate much revenue in an environment where there is a high demand on commercial accommodation.
He said a building needs to be maintained, even at an advanced stage, otherwise, it will lose its attraction and value, and therefore will not be patronised.
Bestman also explained that the demand and pressure for commercial houses is still expanding and will keep expanding because of increase in business activities within the axis.
Also, the estate agent, Mr. Uche Ejiowhor through whom the rental and tenancy arrangement were made possible said that the property attracted a premium rent because of the facilities, including the armed mobile police men security it provided.
Corlins Walter
“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.