The President of the Nigerian Institute of Architects, Mr. Tonye Braide, has called on the government to audit the activities of all building regulatory agencies in the countries, following the rising cases of building collapse. According to him, each building that crumbles to the ground is a statement of the failure of the regulatory agencies. […]

Countries such as Nigeria whose economies are based on the exportation of commodities are subject to vagaries of international commodities market. EVEREST AMAEFULE reports that apart from low value addition to exported commodities, Nigeria spends a fortune on the importation of raw materials into the country Although Nigeria and many of the African countries are […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says illegal occupation of Belema Flow Station and Gas Plant in Rivers State has safety implications both for the people at the facilities and nearby communities.Recall that it was reported that since August 11, 2017 some persons have camped out day and night at the two […]

The naira closed at 370 per United States dollar at the parallel market on Friday, reversing the modest gain it recorded on Thursday. The local unit had closed at 368/dollar on Thursday after closing at 370/dollar for most part of last week. Analysts had warned that the naira would weaken against the greenback on the […]

The Oyo State Governor Abiola Ajimobi on Saturday announced the introduction of the Electronic Certificate of Occupancy, thereby ditching the use the paper-based Certificate of Occupancy. During the official launch of the enumeration and assessment of properties in the state, the governor also announced the Homeowners Charter Policy, which would enable homeowners in the state […]

French oil giant Total said Monday that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion. The company said the deal would make Total the second-largest operator in the North Sea, with substantial operations in Britain, Norway and Denmark.

No fewer than 700 Bureau De Change operators have come under threat as purported uncompetitive exchange rate continues to hit their bottom line. The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, said the development had rendered the BDCs inactive at the Central Bank of Nigeria foreign exchange window. This, he […]

The Nigeria Housing Finance Programme (NHFP) on Saturday said the aim of its “My Own Home’’ housing scheme was to solve the nation’s 17 million housing deficit. Mrs Adenike Fasanya-Osilaja, the Mortgage Finance Consultant of NHFP, made the assertion at a seminar by the organisation in Lagos. Fasanya-Osilaja said that the scheme was programmed to specifically […]