Cement manufacturers declare N710b profit Nigeria three cement manufacturers recorded profit of N710.03 billion in 2023 as significant upsurge in sales and considerably higher prices lessened pressures on operations. A sectoral intelligence report by The Nation yesterday showed that the trio of Dangote Cement, BUA Cement and Larvage Cement have seen substantial growths in sales and profitability.
Author: GuruTrends
RESIDENTS BREAK INTO ABUJA GOVT WAREHOUSE TO STEAL FOOD Some residents of the Nigerian capital, Abuja, broke into a government warehouse in the city to loot food items. The incident happened on Sunday morning, Daily Trust reports. It started around 7 a.m. and continued till about 9 a.m., residents told the newspaper. Sunday’s incident happened amid the current economic crisis in the country which has seen the prices of goods and services increase by over 200 per cent without a corresponding increase in income.
NFF mourns former Super Falcons goalkeeper The deceased was first diagnosed with breast cancer in April 2017 but was given the all-clear a year later after undergoing treatment and a mastectomy. Unfortunately, the disease returned in January 2019 and despite the financial support that came her way from the NFF and other well-meaning individuals, the goalkeeper was unable to win the battle against the deadly disease While she was largely anonymous with the Super Falcons, Aluko-Olaseni excelled with many other teams including the Falconets, Rivers Angel, Ekiti Babes, Sunshine Queens and Makbet Queens, among others.famil The burial arrangements for the…
NNPCL PUTS TIMELINE TO END PETROL IMPORT AS DANGOTE ONE OTHER REFINERY BEGINS PRODUCTION According to the state oil company, the Atlas Cove Jetty, located within the precincts of Tarkwa Bay in Lagos state, is a significant installation of NNPCL for the receipt and distribution of petroleum products to the western part of Nigeria. Disclosing this in a documentary, it said its retail arm distributed about 14 billion litres of white products in 2023
BRICKLAYERS LABOURERS LAMENT AS THE INCREASE IN CEMENT PRICES IN IBADAN A bricklayer, Sunday Odeh, said he had been at home since the sudden increase in the price of cement to N12,000 per bag from its initial N5,500. “The engineer I work with shortly before the sudden increase bought 50 bags of cement at N5,500. After exhausting the cement at the site, he discovered that the price had jumped to N10000 since then things have changed. “The engineer has been lamenting the sudden increase, saying he could not add extra money to get a new supply of the commodity without…
71ST MISS WORLD NIGERIA REP EARNS AUTOMATIC QUALIFICATION Ada Eme made the top 40 finalists cut after her excellent speech during the head-to-head challenge of the pageant competition where she was among the top five alongside Botswana, Zimbabwe, Lebanon and England The head-to-head challenge is an important part of the competition given that it showcases a variety of global challenges and demonstrates Miss World’s dedication to promoting beauty with purpose. This allows each competitor to clearly explain their projects, which range from environmental protection to healthcare initiatives, social justice efforts, and educational improvements.
Was Michael Jackson not biological father of his 3 children? These are the conspiracy theories Synopsis One conspiracy theory claims that actor Mark Lester is the real father, a claim he made himself in 2013. A close friend of Michael Jackson for over 30 years, Mark Lester is famous for playing Oliver in the 1968 film. He said there was a “good possibility” that he’s the real father to Prince, Paris and Blanket. He also said that he was willing to take a DNA test to prove it. Know the conspiracy theories. Was Michael Jackson not the biological father…
Footballer Exequiel Palacios’ ex-wife sells his World Cup winner’s medal amid bitter divorce In the midst of their acrimonious divorce, Argentina international Exequiel Palacios’s estranged wife sold his World Cup mementos to settle the debt on their flat. The midfielder was a member of Argentina’s World Cup-winning squad in Qatar. He currently plays for Bayer Leverkusen, owned by Xabi Alonso. He played three games when Lionel Messi won the nation’s first World Cup championship in over forty years. Defensive back Exequiel Palacios This week, Palacios’ former girlfriend Yesica Frias disclosed that she had sold the shirt that the player wore…
first wife divorced him & took away his savings Second wife accused him of sleeping with daughter Consequently, he suffered diabetes Had blood clotting & dead blood vessels in leg His daughter squandered monies meant for his surgery His wife still asked for iPhone 15 while he was dying He sold almost all his properties His leg was eventually amputated Finally, he dies abandoned with no wife, no properties, no money and no legs Legacy ruined! Marriage is a loss to every man!
Sad to hear of the passing of Nollywood legend John Okafor popularly known as Mr Ibu. Mr Ibu became a name from one his most famous movies Mr Ibu which was a hit alongside Osita Iheme. Nigeria and the rest of Africa has lost an icon. May his soul rest in peace.
Sad to hear of the passing of Nollywood legend John Okafor popularly known as Mr Ibu. Mr Ibu became a name from one his most famous movies Mr Ibu which was a hit alongside Osita Iheme. Nigeria and the rest of Africa has lost an icon. May his soul rest in peace.
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The Anambra state commander of the NDLEA, Daniel Onyishi, disclosed this on Friday during a visit to Nonye Soludo, wife of the Anambra State governor, in Awka, the state capital. The National Drug Law Enforcement Agency (NDLEA) has stated that Nigeria has 14.4 percent drug abuse prevalence rate, as against the global 5.5 percent world prevalence rate. The Anambra state commander of the NDLEA, Daniel Onyishi, disclosed this on Friday during a visit to Nonye Soludo, wife of the Anambra State governor, in Awka, the state capital. Daniel Onyishi asserted that Anambra is among states with…
How Much Is $1 (USD) to ₦1 (NGN) Today? The exchange rate of the US dollar to the Nigerian naira is one of the most important economic indicators in Nigeria, as it affects the prices of goods and services, the value of savings and investments, and the inflows and outflows of foreign currency. Various factors, such as the demand and supply of foreign currency, the monetary and fiscal policies of the government, the inflation and interest rates, and the global market conditions determine the exchange rate. In this article, we will explain how the Central Bank of Nigeria (CBN)…
Investigations have indicated that retailers of major cement producers in the country have continued to sell the commodity at high prices despite the agreement between the Federal Government and the manufacturers. Naija News recalls that Dangote, Lafarge, BUA, and other cement producers had agreed to sell 50kg bag of cement between N7,000 and N8,000. The agreement was reached at a meeting initiated by the Minister of Works, David Umahi. However, despite the initial agreement, reports from The Nation have shown that cement is being sold for as high as N10,000 and N11,000 in the Idimu area of Lagos state.…
FG WILL DECLARE TWO PUBLIC HOLIDAY IN MARCH AND APRIL 2024’s Eid-el-Fitr is estimated to be marked on Wednesday, April 10. Note, however, that it is the sighting of the moon that will determine whether or not that day will be Eid day. April 11 could also be the Eid day
TINUBU DIRECTS COMPANIES TO REVERT TO CEMENT OLD PRICES President Bola Ahmed Tinubu has directed cement companies in Nigeria to revert to old prices amid the hike in the cost of the commodity David Umahi, the Minister of Works, disclosed this on Thursday after inspecting the BUA cement factory in Sokoto State. Umahi said, “Mr President insisted that they should go back to the status quo as far as this cement price is concerned for the common man.
CBN SLASHES CUSTOM RATE FOR NIGERIANS TO CLEAR GOODS AT PORT HARCOURT Due to the rate reduction, importers who open Form M for any import trade on Thursday, February 29, 2024, will see a slight decrease in the amount of money required to pay import duties compared to those who open Form M on Wednesday, February 28, 2024. Compared to the previous rate of N1, 662.35/$ used as of Wednesday, February 28, 2024, this represents a 1.9% reduction. It also represents a decrease of N32.191 on a dollar needed to clear goods from the port
DRAMA AS NIGERIAN PARENTS ARRIVE DAUGHTERS SCHOOL IN CONVOY ON MATRICULATION DAY The excited girl couldn’t stop shouting and hailing her mother and father immediately after she saw the escort. Her brother also flew in from his base to Asaba where her school was situated to surprise her. On her part, her sister customised a phone pouch for her She captioned the video POV: Is your matric day & you were not expecting anyone to show up My parents surprised me & even came with an escort
DOLLAR TO NAIRA EXCHANGE RATE: $1 TO ₦1 TODAY MARCH 2 2024 The CBN adopts a managed float exchange rate regime, which means that it allows the exchange rate to be determined by the market forces, but intervenes occasionally to smooth out excessive fluctuations and maintain an optimal level of reserves The CBN operates different segments of the foreign exchange market, such as the official window, the interbank window, the bureau de change window, and the investors and exporters window Each segment has its exchange rate, depending on the availability and sources of foreign currency Buying: ₦1 543.581 Selling: ₦1…