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Dangote

Dangote: Cement Price From Our Factories Is Between N2,450 and N2,510 Per Bag, With VAT, In Line With Or Lower To Prices Across West African

The Mmnagement of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria (as at 12th April, 2021) is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT. The clarification was made in view of recent insinuations that the company sells cement […]

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NCC Sensitises Telecom Consumers At 2021 Enugu International Trade Fair

The Nigerian Communications Commission (NCC), in line with its tradition of exploring avenues to engage with telecom consumers, has taken advantage of the opportunity of this year’s edition of the Enugu International Trade Fair to enlighten telecom consumers on their rights and privileges within the telecommunications sector. Addressing a large audience of telecom consumers during […]

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Starting 2021 On Strong Note, UBA Records 27% PAT Growth, 20.5% RoAE In Q1

Pan African financial institution, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive […]

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Dangote

‘Dangote Sugar’s $700m BIP Investments Will Promote Infrastructure Development, Benefit Nasarawa’

The management of Dangote Sugar Refinery Plc, has declared that with a national annual import of over $337 million, its irrevocably commitment to the Backward Integration Policy (BIP) of the Federal Government to reverse the trend and make Nigeria self-sufficient in sugar production. The company, which is committing over $700 million to its sugar projects, […]

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Derek Chauvin

12 Member American Jury Convict Ex-policeman Chauvin For Murdering Floyd

Former Minneapolis policeman, Derek Chauvin, was yesterday convicted of second-degree murder, third-degree murder and manslaughter in the deadly arrest of George Floyd, Reuters has reported. The 12-member jury found Chauvin, 45, criminally liable in Floyd’s death last year after considering three weeks of testimony from 45 witnesses, including bystanders, police officials and medical experts. Jurors […]

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Dollar

LCCI Says Forex Pressure Undermining Investments, Putting Jobs At Risk

The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials, equipment and some critical inputs for production and processing is putting investments and jobs at risk, the Lagos Chamber of Commerce and Industry has said. The President, LCCI, Mrs Toki Mabogunje, said on Wednesday that the chamber was […]

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Nbs

Inflation Continues Upward Trend, Hits 18.17% In March

The consumer price index, which measures inflation increased by 18.17 per cent (year-on-year) in March 2021. This is 0.82 percent points higher than the rate recorded in February 2021 (17.33 per cent). The National Bureau of Statistics disclosed in its report on ‘Consumer Price Index’ for March 2021 on Thursday that March inflation rate remained […]

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Senate Spokesman To Buhari: Your Nomination List for NHRC Is Lopsided

The Chairman of the Senate Committee on Media and Public Affairs, Senator Basiru Ajibola, has faulted the nomination of the chairman and members of the Governing Council of the National Human Rights Commission (NHRC) by President Muhammadu Buhari. Ajibola expressed his dissatisfaction during Thursday’s screening of the nominees by the Senate Committee on Judiciary, Human […]

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Alleged Printing of N60bn: Obaseki Insists FG Lacks Fiscal Prudence, Says ‘Stem Obvious Slide’ In Reply To Finance Minister

The Governor of Edo State, Mr. Godwin Obaseki, has advised the federal government to stop its monetary rascality and rally Nigerians to stem obvious fiscal slide. Governor Obaseki said such proactive measures would prevent the prevailing economic challenges from degenerating further. Obaseki had last week, raised the alarm over the nation’s economic situation, alleging that […]

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Dongote Flour Mill Bua

BUA BLASTS DANGOTE, FLOUR MILLS OVER ALLEGATION OF SABOTAGE , TELLS MINISTER ‘BUA’S REFUSAL TO ENSLAVE NIGERIANS THROUGH HIKED SUGAR PRICE CAUSE OF ACRIMONIES’

Nigeria’s major conglomerate, BUA Plc, has dismissed the allegation of sabotage against its sugar company, BUA Sugar, by two manufacturers in the sugar industry, Dangote Industry and Flour Mills Nigeria Plc, as fraudulent and misleading, claiming that the company’s refusal to agree to enslave Nigerians through abitriary hike in the price of the commodity led […]

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Dongote Flour Mill Bua

BUA Blasts Dangote, Flour Mills Over Petition, Tells Minister, ‘BUA’s Refusal To Enslave Nigerians Through Hiked Sugar Price Cause of Acrimonies’

Nigeria’s major conglomerate, BUA Plc, has dismissed the allegation of sabotage against its sugar company, BUA Sugar, by two manufacturers in the sugar industry, Dangote Industry and Flour Mills Nigeria Plc, as fraudulent and misleading, claiming that the company’s refusal to agree to enslave Nigerians through abitriary hike in the price of the commodity led […]

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Danbatta Congratulates NCC Director, Babajika on Recognition Awards

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has congratulated Mohammed Babajika, Director, Licensing and Authorisation Department of the Commission on his recognition by the League of African Development Students (LEADS) as ‘’Africa’s Patriotic Personality’’ According to LEADS Africa, Babajika was considered worthy of the award “for his outstanding […]

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