Increase

Dangote Cement acquires 2,000 new vehicles to enhance transportation

Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150 million US dollars. According to him, the company had recently taken delivery of another set of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria,” he said. “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the ...

Nigeria records 186 new coronavirus cases

The Nigeria Centre for Diseases Control (NCDC) has registered 186 new cases of coronavirus (COVID-19) infections from three states. The NCDC said this on its official website on Saturday morning. Newsmen report that the figure represents an increase from the 146 cases recorded on Thursday and 110 cases posted on Wednesday. It said 186 additional cases were reported from three states as of July 9. The agency noted that Lagos had the highest number of cases, which was 175, while Rivers recorded eight and Gombe had three cases. According to NCDC, compilation of the newly infected cases showed that the country now has a total of 168,442 confirmed cases. The NCDC highlighted that the total of discharged cases stood at 164,323. The agency said it also discharged eight more people from isolation ...

NNPC commits to ensuring energy sufficiency, wealth creation for Nigerians

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made this assertion while delivering the keynote address at the 2021 Nigeria Oil and Gas Conference and Exhibition (NOG 2021) on Tuesday in Abuja. Speaking on the topic: “Vision and Priorities for Nigeria’s Energy Transformation,” Mallam Kyari stated that for a nation with a teeming youth and a developing economy, Nigeria needed the right policies to unlock its huge economic potential, stressing that NNPC was working towards bridging the energy gap to multiply wealth for its varied stakeholders. “We see a nation that m...

BUA increases price of cement

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, “...

Juul to pay US state $40 million for targeting teens with e-cigarettes

Electronic cigarette giant Juul Labs Inc will pay $40m to North Carolina and take more action to prevent underage use and sales, according to a landmark United States legal settlement announced on Monday after years of accusations that the company had fueled an explosion in teen vaping. A state judge accepted the first-of-its-kind agreement with a US state. North Carolina Attorney General Josh Stein had sued Juul, accusing it of employing unfair and deceptive marketing practices that targeted young people to use its vaping products, which deliver addictive nicotine. As part of the agreement, Juul will not advertise to anyone under 21 in North Carolina and will limit sales amounts of Juul products online to any state residents. It will also sell its products only behind counters at retailer...

Canada, Germany, EU, others funding farming in northeast Nigeria

The People and Government of Canada, the European Union Trust Fund for Africa, the European Civil Protection and Humanitarian Aid Operations, the Federal Republic of Germany, the Kingdom of Norway and the Kingdom of Sweden are funding the 2021 rainy season farming in troubled North-east of Nigeria. The funding, which is implemented through the Food and Agriculture Organisation of the United Nations (FAO), is providing farming inputs to 65,800 farmers in Borno, Adamawa and Yobe States adversely affected by over a decade Boko Haram insurgency. A statement on Friday by FAO recognized that the rainy season farm cultivation is critical to food production in Nigeria, as it ensures food availability and income generation, especially for smallholder and low-income households. The statement read: “...

Nigerian government urges increased awareness on violence against women, girls

The Federal Government on Thursday called for increased awareness on violence against women and girls aimed at ending the scourge. Mrs Dolapo Osinbajo, Wife of the Vice President and founder, The Women’s Helping Hands Initiative, made the call at the launch of “Orange the World with Doctors,” in Abuja. Orange the World with Doctors is a plenary with medical practitioners initiated by UN Population Fund (UNFPA) aimed at ending Gender Based Violence (GBV) with doctors at the forefront. Osinbajo, who commended the UNFPA for the initiative, decried all forms of violence on women and girls, calling for stronger collaboration to end it. She reiterated the imperatives of strengthening Nigeria’s health system, noting that it key in fighting GBV. She said “I commend all who have joined hands in the...

WHO: 146 million Africans die yearly from tobacco-related diseases

The World Health Organisation has revealed that no fewer than 146 million Africans die annually from tobacco related disease. Dr Matshidiso Moeti, WHO Regional Director for Africa said this on Thursday during a virtual press conference. Moeti said tobacco was the leading cause of preventable deaths in the world and emphasised that “smoking damages nearly every organ in the body.” The director also said that “globally, exposure to secondhand smoke kills more than 1.2 million people yearly.” She explained that the use of tobacco products other than cigarettes, such as vaporizers, was on the increase in Africa. Moeti said that quitting tobacco was the way to reduce the risk of developing cancer, heart disease, stroke and other diseases, noting that it would also increase one’s life expectancy...

FAO reiterates support to Nigerian government’s efforts to tackle food insecurity

The Food and Agriculture Organisation (FAO) has reiterated its commitment to support the Federal Government‘s efforts to ensure food sufficiency. FAO Country Representative, Fred Kafeero, said this at the 44th meeting of the National Council on Agriculture and Rural Development (NCARD) in Abuja on Thursday. He said that the theme of the meeting, which is “Nigeria’s Agriculture and Food Security in the face of COVID-19, Floods and Insecurity, ” was timely. Kafeero, however, said that the theme was a call for action to cushion the knock-on effects of these shocks and threats on the livelihoods of a large section of the population, especially vulnerable groups. He urged the government to provide enabling environment for private participation, creating synergy, engaging other sectors, interven...

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...

Rapid spread of Delta variant throws England’s re-opening into doubt

British Prime Minister Boris Johnson’s hopes of ending England’s coronavirus lockdown on June 21 hung in the balance on Friday as data showed a further rise in cases of the rapidly spreading Delta variant. Johnson is due to announce on Monday whether the planned lifting of restrictions, which would see an end to limits on social contact, can go ahead on time. But the rapid spread of the Delta variant, officially a “variant of concern”, has thrown those plans into jeopardy, prompting speculation that the June 21 date will be pushed back, or that some restrictions will remain. “We have to be really careful. We had a very big opening on the 17th of May where people could meet friends indoors, in a restaurant, in a pub, and socialise indoors as well,” COVID-19 vaccines minister Nadhim Zahawi t...