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, “...
The Federal Road Safety Corps (FRSC) says 90 per cent of trucks in the country are over 30 years. The FRSC Corps Marshal, Dr Boboye Oyeyemi, disclosed this in an interactive session between the Nigerian Shippers’ Council (NSC), the FRSC and Haulage operators on Monday in Lagos. Oyeyemi called for an improvement on the maintenance and standardisation schemes for vehicles as most of them lacked safety measures like lighting, reflectors and other parts. He stressed the need for an intervention from the Federal Government to ensure truckers had fleet renewal as vehicles that had been on the road for 30-years should be scrapped. Oyeyemi pointed out that “due to the age of the trucks, they frequently breakdown on the road prolonging the days goods spend on the road before getting to its destinat...
The Civil Society Legislative Advocacy Centre (CISLAC), has expressed concerns over $2.18 billion foreign loan request to the Nigerian Senate to fund the 2021 Appropriations Act, by President Muhammadu Buhari. It has therefore urged the National Assembly to insist on an analysis of debt repayment strategy to be in place as its key priority to approvals. In a statement by Executive Director, CISLAC and Head of Transparency International – Nigeria, Auwal Ibrahim Musa Rafsanjani, he said national public finance management regime is meant to save the nation’s economic system from collapse: rescuing jobs, supporting livelihoods and bailing out many businesses on the brink. He warned the government to avoid the catastrophe that the international finance institutions forced on Greece: destroying ...
The Coalition of South East Youth Leaders has expressed delight over the recent re-organisation in the Nigeria Police Force. The group, an umbrella body of youth organisations in the zone, described the measure as “a step in the right direction”. This is contained in a statement issued by the group’s President General, Goodluck Ibem, in Owerri on Wednesday. It commended the Acting Inspector General of Police, Usman Baba, for his “foresight” in appointing Mr Etim Okon as the Assistant Inspector General in charge of Zone 9. Ibem said that Okon’s appointment could not have come at a better time, considering the rising cases of insecurity in the zone. “We are deeply grateful to the IGP for his foresight in appointing a tested and experienced hand to man the affairs of Zone 9, Umuahia in Abia. ...
A chieftain of the All Progressives Congress (APC) in Ekiti State, Otunba Olusegun Agbalajobi, has called on President Muhammadu Buhari to urgently declare a state of emergency on security in the country. This, he said has become a child of necessity following the rising waves of kidnappings, killings, banditry, insurgency and other manifestations of insecurity bedeviling the country. Agbalajobi, in a statement titled, ‘Nigeria and its preponderance of insecurity’ issued in Ado-Ekiti on Tuesday, said declaring emergency on security would help to stem the rising waves of security challenges that are fast pushing Nigeria to precipice. He stressed that the worsening security situation in the country requires desperate and decisive measure in the best interest of Nigerians, hence, the need to ...
File Photo The Peoples Democratic Party (PDP) has described as draconian, the reported suspension and fine of N5 million slammed by the National Broadcasting Commission (NBC) on Channels Television over alleged violation of broadcasting code. The party said without prejudice to the issues raised against Channels Television, the reported hasty clampdown, without the benefit of caution, was suggestive of intolerance and high-handedness by the regulatory body. “Our party is worried that such disposition could be counter-productive and heighten the already tensed situation in our nation at this critical time. “The PDP, therefore, urges the NBC to review the punitive measure on the media house as well as a scale-up system-friendly measure that will ensure best practices in information dissemina...