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.”

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

Soludo renames Anambra Airport after literary icon, Chinua Achebe 

Governor Chukwuma Soludo of Anambra State, has renamed the state’s International Passenger and Cargo Airport after late Chinua Achebe, a novelist, to immortalise him for making an indelible mark on the history of human civilisation.

The News Agency of Nigeria (NAN) reports that Achebe a native of Ogidi in Idemili North Local Government Area of the state, died on March 21, 2013, at age 82, in Boston, Massachusetts.

Soludo said this on Sunday in Awka at the Independence Day parade, to mark Nigeria’s 63rd anniversary, describing Achebe as an example of Africa’s unsung hero.

“Achebe, a Nigerian novelist, poet, and critic, gave the African literature an identity and a voice and he rightly reconstructed and refined the identify of the people,” he said.

The governor said that Achebe was not just an Anambra hero nor a Nigerian hero, but an African and global hero and yet largely unsung at home.

He said that henceforth, the state shall be deliberate in fishing out and celebrating its largely unsung heroes as motivation to children and youths.

“Unfortunately, some people wrongly think of legacies in terms of brick and mortar. Legacy is about impact on human life and human civilisation.

“Achebe was not a president or governor or military. He did not build bridges or roads or airports but he will outlive most presidents, governors and ministers in our minds.

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“Achebe rejected Nigeria’s national honours twice in protest against what he perceived as injustice to his home state Anambra. Today, Anambra will finally honour him.

“After wide consultations, there is a broad consensus that no one is more deserving to be named after the first airport in Anambra than Anambra’s all-time greatest literary gift to the world, Chinua Achebe.

“Consequently, we will rename the Anambra International Cargo and Passenger Airport, Umueri, to Chinua Achebe International Airport, Umueri.

“Yes, it has to be an international airport, and we hope to work with the Federal Government to give full effect to its international status,” he said.
Soludo urged Nigerians to be intentional about making the project Nigeria work and believe in the potential greatness of the country.

“We have muddled through the past 63 years with squandered opportunities and yet with the promise of potential greatness

“No country or nation is a perfect. Every nation continues to struggle in its match to a more perfect union. The path to stability, growth and sustainability will be challenging as there are no quick fixes.

“But all of us must collectively think and work Nigeria out of the current challenges. We have no other country but Nigeria, and we must make it to work for everyone, “he said.

The governor said his administration was founded on the true progressive agenda and would continue to create the enabling environment for residents to thrive and survive.

NAN reports that the police, paramilitary organisations and students from different schools took part in the parade.

Soludo renames Anambra Airport after literary icon, Chinua Achebe

Fagbemi distances FG from Emefiele’s N50bn plea bargain

JUSTICE Minister,  Lateef Fagbemi has distanced the Federal Government from the N50 billion planned non prosecution plea bargain with the embattled former Central Bank of Nigeria governor Godwin Emefiele.

This is contained  in a statement signed by the Director of Information in the Federal Ministry of Justice Mrs Modupe Ogundoro on Sunday in Abuja.

Emefiele was reported to have entered a plea bargain with government on condition of surrendering N50 billion to facilitate his early release from the custody of the Department of the State Service (DSS).

The plea bargain was also said to be aimed at cancelling the trial of the former CBN Chief on series of charges comprising money laundering, breach of Public Procurement Act and abuse of office.

Fagbemi, a Senior Advocate of Nigeria SAN said that neither his office or the Presidency have had anything of such nature with Emefiele.

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“The attention of the Office of the Attorney General of the Federation and Minister of Justice has been drawn to a report by Sahara Reporters alleging that the former Governor of the Central Bank of Nigeria, Godwin Emefiele and the Federal Government of Nigeria, have agreed to a non-prosecution plea bargain arrangement.

“The report further alleges that Emefiele and the Federal Government of Nigeria, represented by the Attorney General of the Federation and Minister of Justice, have signed a non-prosecution plea bargain agreement and that the agreement is awaiting the signature of President Bola Ahmed Tinubu,

“The Office of the Attorney General of the Federation and Minister of Justice hereby states clearly that these reports are completely false.

“It would be noted that the legal team representing Mr. Godwin Emefiele had expressed their intention in court at the last hearing to initiate a plea bargain arrangement.

“However, no such arrangement has been reached with Emefiele or his representatives.

“We wish to advise the media and members of the public to kindly disregard the said false report.

“The Office of the Attorney General of the Federation and Minister of Justice will continue to take all actions in the interest of the Nigerian public”, the statement said.

Fagbemi distances FG from Emefiele’s N50bn plea bargain

(NAN)