BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns. It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, “the company had no plans to increase prices of its cement now or in the near future.” According to a statement issued on April 24, 2021, the company stated that, “...
Total Companies in Nigeria has unveiled its corporate vision in line with the change of the Total Group to TotalEnergies. The organisation aims to produce more renewable electricity and Liquefied Natural Gas (LNG) by 2030. The oil major also outlined its broad energy lineup that includes oil, gas, electricity, hydrogen, biomass, wind and solar. TotalEnergies is committing $60 billion to investment in renewable energy in the next 10 years, with 10 per cent of that investment expected to come to Nigeria. Speaking at a virtual parley with journalists, the Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi, highlighted steps that would help in adapting the new name, logo and visual identity of the company. THISDAY had reported that the shareholders of Total Group, had ...
Gunmen suspected to be kidnappers have created tension in Ikaram Akoko, in Akoko North West council area of Ondo State, following the abduction of two residents of the community including a graduate, identified as Gbodi. It was gathered that the two victims were abducted within 24 hours in the community while the abductors of one of the victims demanded N10m to secure the freedom of the victim. Gbodi, the HND graduate, was abducted along Okeagbe Ikaram highway while returning from his farm which is few kilometres from his residence, Ikaram, the other victim was kidnapped very close to where some construction workers were abducted recently along Ikaram/Akunu highway. Speaking on the kidnap of the two men, the traditional ruler of the town, the Akala of Ikaram, Oba Andrew Momodu, who confirm...
The Deputy Chairman of the House of Representatives Committee on Communication, Hon Idem Unyime, on Friday assured that Nigerians will soon get pay-as-you-go services for digital satellite television. Unyime gave the assurance as a Bill for an Act to amend the National Broadcasting Commission Act, co-sponsored by himself, Hon Odebunmi Olusegun and Hon Dachung Musa Bagos, scaled second reading. Unyime while appealing to Nigerians to be patient as the Bill will soon be passed into law, said when passed, it will also give the NBC the power to fix prices for digital television. He expressed optimism that the proposed legislation would be passed into law as quickly as possible to assuage the inconvenience Nigerians have so far endured as far as cable television is concerned. The Bill, he said, ...
When the Lagos State Court of Appeal granted the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Oladele Ogundipe, a post-conviction bail last week, on grounds of failing health, quite a number of people, particularly members of his congregation, were very happy with the news. This is because the televangelist’s previous bail applications were all turned down. Oladele was arraigned on seven counts bordering on obtaining by stealing, inducing delivery of money by false pretences, unlawful conversion of property and forgery, fraudulently collected N14m and £12,000 in various tranches from the complainant between August 30, 2002 and 2005. He was found guilty on two counts of stealing and unlawful conversion of property not delivered. And on November...
Governor Nasir el-Rufai of Kaduna State has approved the appointment of Alhaji Ya’u Shehu Usman, former Sarkin Fadan Kauru, as the new Emir of Kauru. This is contained in a statement signed by Mr Muyiwa Adekeye, Special Adviser on Media and Communication to el-Rufai, and made available to newsmen on Saturday in Kaduna. The statement said that Usman, who hails from the Wadai ruling house, succeeds the late emir, Alhaji Ja’afaru Abubakar, who died in January 2021. Usman, Chairman of the Kaduna State Fiscal Responsibility Commission, was born on 15 May, 1955 in Kauru and joined the Kaduna State Civil Service in 1977. The new traditional ruler retired in 2012 as Director, Ministry of Finance Incorporated (MoFI), Office of the Accountant General, Kaduna State. An accountant, Usman was a former ...
Gov. Nasir El-rufai of Kaduna State says bandits terrorising Nigeria have lost their rights to life under the constitution and must be wiped out. El-rufai made this known during a town hall meeting on national security organised by the Ministry of Information and Culture held in Kaduna with theme:”Setting Benchmark for Enhanced and National Unity in Nigeria”. ”The bandits are at war with Nigeria and there is no other way to approach the current insurgency but for security forces to take the war to the bandits and recover forests where they are occupying. “The security agencies mostly react to cases of banditry and abduction, we are in a war with these terrorist challenging the sovereignty of the Nigerian state. “Our security forces must collaborate to take the war to the bandits and terror...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...