Day: May 18, 2020

NIOB:  Engage professionals in building process 

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  Nigerian Institute of Building, through its President, Mr Kunle Awobodu, has called on developers to engage professional builders to manage building processes.   He  is also seeking  prosecution of those found culpable in a recent collapse of a seven- storey building in Owerri, Imo State, to serve as a deterrent to others.   The collapse of the high-rise building under construction, Awobodu said, again brought to the front burner the problem of building management in Nigeria.   According to him,  investigation and prosecution of those culpable should not be…

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Subsidy: CSOs seek targeted projects for N15.4bn

Ose Ojeme

  Following revelation by the Federal Government that fuel subsidy removal had taken a burden of N15.4 billion of its shoulders monthly, a group of civil society organisations has advised that the money be deployed in targeted projects rather than keeping it in the federation account.   The advice was given during a virtual workshop in Abuja that was hosted by Media Initiative on Transparency in Extractive Industries (MITEI), a non-profit group of media practitioners committed to the promotion of transparency in the extractive industries and facilitated by Facility for…

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Oil super major deepens asset sale in Nigeria 

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  International oil companies (IOCs) at the weekend deepened plans for sale of more assets in Nigeria as they slashed $12 billion off their global investment portfolios.   Blaming price rout buoyed by Coronavirus pandemic for the move, the IOCs including Shell, ExxonMobil, Total and Aker declared that they had already announced the slash in their investments to survive the big threat posed to their fortunes by the pandemic.   “The IOCs will be putting more of their assets up for sale,” an industry source told New Telegraph,  adding, “they…

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