Ripples
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, “...
Ijaw youths block East-West road over NDDC
Pool Photo The ripples over the appointment of a sole administrator for the Niger Delta Development Commission (NDDC) reached a boiling point on Monday as hundreds of Ijaw youths blocked the popular East-West road, causing many travellers to be stranded. The youths under the aegis of the Ijaw Youth Council (IYC) said the protest was for the immediate removal of the Sole Administrator, Mr Effiong Okon Awa, and the inauguration of the substantive board. The protest held travellers stranded for hours and attempts by some armed soldiers backed by an Armoured Personnel Carrier and led by a Major to persuade the protesters to leave the East-West road proved abortive. A plea by a former Secretary to Bayelsa State Government and ex-Nigerian Ambassador to the Scandinavian countries, Dr Godknows Iga...
