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BREAKING : BUA group announces immediate reduction of cement price to N3,500/bag

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8 months ago

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BREAKING : BUA group announces immediate reduction of cement price to N3,500/bag

One of the major companies in Nigeria, BUA Group , has announced a reduction of ex-factory cement price to N3,500 per bag.

The company, which made this known in a statement on Sunday, said the reduction will take effect from 2 October, 2023.

The statement titled : ‘BUA Cement reduces ex-factory cement prices to N3,500/bag effective October 2, 2023’, reads in full : “We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.

As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.

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Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.

NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance.”

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BREAKING : BUA group announces immediate reduction of cement price to N3,500/bag

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Using pre-registered SIM card may land you in jail, NCC warns

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3 hours ago

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May 17, 2024

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Using pre-registered SIM card may land you in jail, NCC warns

The Nigerian Communications Commission, NCC, has issued a stern warning to Nigerians on the dangers of purchasing pre-registered SIM cards.

The Commission emphasized that this practice was illegal and could lead to severe consequences, including imprisonment.

The NCC highlighted that individuals using such SIM cards might inadvertently become implicated in crimes such as identity theft, financial fraud, kidnapping, and armed robbery.

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Moreover, the NCC pointed out that the use of pre-registered SIM cards compromises the accuracy of consumer information and hampers efforts to track criminals effectively.

By using such SIM cards, the reliability of data collected on consumers was undermined, making it challenging for authorities to identify and apprehend the actual perpetrators of crimes.

The NCC’s message aimed to educate the public on the risks associated with pre-registered SIM cards and encourage compliance with legal guidelines to enhance national security.

Using pre-registered SIM card may land you in jail, NCC warns

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Police grill Osun monarch, Ataoja of Osogbo, over petition

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4 hours ago

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May 17, 2024

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Ataoja of Osogbo, Oba Jimoh Olanipekun Oyetunji

Police grill Osun monarch, Ataoja of Osogbo, over petition

The Ataoja of Osogbo, Oba Jimoh Olanipekun Oyetunji was on Thursday grilled by the police over a petition purportedly by a co-monarch in Olorunda local government area.

There was rumpus in Osun State capital on Thursday over the whereabout of Ataoja with members of All Progressives Congress(APC) and Peoples Democratic Party (PDP) trading words over claims that Oba Oyetunji was arrested by the police.

But The Nation learnt that Oba Oyetunji was invited to Abuja by security operatives over a petition by a king under his domain relating to fund.

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When contacted the Secretary of the palace, Mr Wasiu Bello confirmed that Oba Oyetunji travelled to Abuja over a petition filed against him.

National President, Osogbo Progressive Union (O.P.U) dispelled insinuations that Ataoja was arrested by police in Abuja.

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Banire, others to speak at NACOMYO Lagos workshop/retreat

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6 hours ago

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May 17, 2024

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Banire, others to speak at NACOMYO Lagos workshop/retreat

The National Council of Muslim Youth Organisations (NACOMYO) Lagos chapter says it will hold its 4th Mid-term Workshop/Retreat on June 8, 2024.

The event fixed for the NERDC Conference Centre, Alausa, Ikeja, would focus on crucial topics relevant to the socio-economic and political landscape of Nigeria, particularly in Lagos State, NACOMYO said.

According to a statement by the organisation, a former Chairman of Asset Management Corporation of Nigeria (AMCON) Dr. Muiz Banire will give the keynote address at the event under the theme ‘Leadership, Governance and Economic Imperative: Muslim Youth in the Post-Subsidy Era’.

“Additionally, the workshop will feature lead paper presentations by notable figures including Honorable Abubakar Mobolaji Ogunlende RAK, the Commissioner for Youth and Sport in Lagos State, and Honorable Ibrahim Layode, the Commissioner for Home Affairs in Lagos State.

“One of the highlights of the event will be a guest lecture delivered by His Eminence Sheikh Engr. Sulaimon Abuo-Nola, the Grand Chief Imam of Lagos,” it stated.

The State Coordinator of NACOMYO Lagos State, Alhaji Isiaka Salami, it added, would lead other members to the event.

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