Business
Dame Judith Promises 50,000 Decoders For Trainees
Wife of the state Gover
nor Dame Judith Amaechi has promised to provide 50,000 decoders at the end of the Three Day Capacity building for decoder installers in the state.
She said this during her remarks at the opening ceremony of a Three-Day training programme for decoder installers organized by the state ministry of information and communication, Wednesday in Port Harcourt.
Mrs Amaechi who spoke through the immediate past Deputy Mayor of Port Harcourt City Council, Nancy Stephens, said that even her husband was interested in the programme due to the likely opportunities that it would offer.
The first lady, noted that self-reliance jobs are better options at the time of job scarcity.
However, she has lauded the ministry of Information and Communications over their thoughtful initiatives towards the actualization of the programme.
Earlier, the Director of Operations Continental Satellite Limited (ConSAT), Mrs. Fumi Adewon, had said that one of the aims of the training was to hand over baton to youngsters to enable them earn a living.
She noted that ConSAT which is a pay TV, would be affordable and free to air.
Adewon, hinted that the event was in consonance with the state government plans to empower youths and graduates in the state.
According to her, subscribers would only part with N1,000 yearly to allow them benefit from all free-to-air services, which would include the cable network news (CNN) the state’s media outfits and others.
Also speaking the state chairman of the Nigeria Union of Journalists (NUJ), Mr Opaka Dokubo, expressed hope that the ConSAT training would enable the state to beat the June 2015 deadline for digital broadcasting .
He therefore, charged journalists to brace up to the new challenge and do their business.
In his contribution, one of the Directors in the information ministry Mr Paulinus Nsirim, Praised Governor Chibuike Amaechi for being someone that strongly believes in change.
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.
