Connect with us

News

BREAKING: Manufacturers List Conditions To Slash Rising Cement Price

Published

on

Cement Manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending on location nationwide, PUNCH Online reports.

However, the manufacturers stated that the price drop from the current market price would depend on the fulfilment of certain government interventions to ameliorate critical challenges faced in the industry.

The Minister of Works, David Umahi disclosed this after a meeting with leading manufacturers on Monday in Abuja.

Advertisement

The meeting was against the backdrop of the ballooning price of the commodity to approximately N13,000 in several retail stores in the Federal Capital Territory, and Enugu, indicating the impact of inflation within the country.

READ ALSO: Edo APC Primary: Group Passes Vote Of Confidence On Uzodinma’s Announcement

Findings indicated that the price hike was attributed to the increase in wholesalers reselling to retailers and the escalating inflation rates.

But at the meeting directed by President Bola Tinubu, Umahi lamented the current rate stating that it was abnormal and detrimental to economic prosperity sought after by the current administration.

Advertisement

Reading the communique, the minister said certain issues including smuggling, bad roads, high energy costs, and the Forex crisis caused the high prices but stressed that manufacturers have expressed their readiness to be willing to bring down the prices in the future.

He said, “The cement manufacturer has noted to the government that the present high cost of cement in the market is very much abnormal in some locations nationwide. Ideally, they noted that cement price, and retail price to a consumer should not cost more than between N7,000 to N8,000 per 50 kg bag of cement.

READ ALSO: One Dead, 21 Injured In US Super Bowl Parade Shooting

“Therefore, the government and the cement manufacturers, which are Dangote Plc, BUA Plc and Lafarge Plc have agreed to have their cement price nationwide between N7,000 to N8,000 naira per 50 kg pack of cement, depending on the locations, which means that this price depends on the locations.

Advertisement

“Going forward, the government advised manufacturers to set up a price monitoring mechanism to ensure compliance with the prices that are set today.”

More details soon…

 

Advertisement

News

Troops Ambush Terrorists On Transit To Cause Havoc In Kaduna, Neutralize Two

Published

on

Troops of the Nigerian Army have neutralized two terrorists and recovered arms in Giwa Local Government Area of Kaduna State.

Director Army Public Relations, Major General Onyema Nwachukwu, who made this known in a statement on Sunday, April 14, 2024, said the terrorists were on transit to cause havoc in the area.

Nigerian Army troops deployed for Counter- terrorism Counter-insurgency operations in the North West on Saturday 13 April 2024 successfully ambushed and neutralized two terrorists transiting with arms in Kaduna,” the statement read.

Advertisement

READ ALSO: Police Nab Man Who Killed 100-year-old Mum Over Palm Oil Proceeds

The operation, which took place in Rafin Sariki Village of Giwa Local Government Area, was a prompt response to actionable intelligence on the presence of terrorists transiting with a sack containing weapons.

“The troops laid in ambush for the terrorists and engaged them in a gun battle, that neutralized two of the terrorists. The gallant troops also recovered one AK-47 rifle, 52 rounds of 7.62mm special ammunition, and one locally fabricated revolver frame.

“The Nigerian Army remains committed to ensuring the safety and security of the citizenry and the nation in general.

Advertisement

“The NA will thus, continue to take decisive actions against terrorists activities in the region.”

Continue Reading

News

Video: Moment Pastor Enenche Sent Lady Away For Giving False Testimony On The Altar

Published

on

A video of popular Nigerian clergyman, Paul Eneche, calling out a woman for sharing a false testimony has made the rounds on social media.

The woman who attends his church in Abuja was on the altar to share her testimony of how God made her the “only graduate in her family.”

Worried by her command of English. the cleric asked the lady what degree did graduated with and she said ‘’Law”. Prodding further, the cleric asked her what kind of Law degree, the lady answered ‘’B.Sc in Law”

Advertisement

READ ALSO:Military Aircraft Bomb Illegal Refining Sites In Rivers

He asked that the lady leave the altar and warned his members never to come to the altar to lie about a “testimony.”

Continue Reading

News

JUST IN: DSS Arrests El-Rufai’s Political Ally Over Post On Gov Sani

Published

on

Aisha Galadima, a strong political ally of the former governor of Kaduna State, Mallam Nasir El-Rufai, has been arrested in Kaduna.

The arrest, a source told DAILY POST, was connected to a post on her Facebook page, criticizing Governor Uba Sani.

The female politician was picked up by the operatives of the Department of State Services, DSS, from her residence on Sunday afternoon.

Advertisement

READ ALSO: Military Aircraft Bomb Illegal Refining Sites In Rivers

The development was confirmed by one of her brothers, who said, “Aisha has just been arrested by DSS at her Tudun Wada residence in Kaduna.”

 

Advertisement
Continue Reading

Trending