Tag: Dangote

AI key for health, education, innovation, says Bill Gates

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Microsoft co-founder Bill Gates has said that artificial intelligence will play a key role in unlocking new tools for health, education and agriculture. The philanthropist stated this at a meeting with Indonesia’s President Prabowo Subianto on Wednesday. Gates visited Subianto and Indonesian philanthropists in the capital, Jakarta, where he spoke about his optimism that AI-driven innovation will help tackle global challenges. He said, “AI is going to help us discover new tools. And even in the delivery of health, education and agriculture advice, we’ll be using AI. “Once we finish…

For Nigeria’s industrialization, MAN seeks an industrial policy

Etiene Marvelous

The federal government has been tasked by the Manufacturers Association of Nigeria (MAN) with developing an industrial policy to direct the country’s industrialization efforts. At a seminar with the theme “Nigeria’s challenging economy: Strategies for recovery” to honor the country’s 64th anniversary of independence, Director General of MAN Segun Ajayi-Kadir delivered the keynote address. In order to improve coordination amongst important government ministries, including the Ministry of Industry, Trade, and Investment, the Ministry of Finance, and the Central Bank of Nigeria (CBN), he contends that the government needs an industrial…

As per NBS, Nigeria imported 20.30 billion liters of gasoline in 2023

Etiene Marvelous

  This was included in the Petroleum Products Distribution Statistics for 2023 that the NBS released on Tuesday in Abuja. According to the National Bureau of Statistics (NBS), imports of Premium Motor Spirit (PMS), commonly referred to as gasoline, totaled 20.30 billion liters in 2023. This was included in the Petroleum Products Distribution Statistics for 2023 that the NBS released on Tuesday in Abuja. According to the research, the 20.30 billion liters of PMS reported in 2023 represented a 13.77% decline from the 23.54 billion liters recorded in 2022. According…

Dangote Cement Shareholders To Get 50% Dividend Increase

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Dangote Cement Shareholders To Get 50% Dividend Increase Under the commitment made by Chairman Aliko Dangote at Dangote Cement’s 2022 Annual General Meeting (AGM) to provide increased returns on investments to shareholders and stakeholders, the company’s Management has proposed a 50% rise in dividend payout to N30 per share for the year ended December 31, 2023. The proposed dividend increase is contingent upon shareholder approval at the upcoming AGM. Suggesting a dividend of N30 per share during a time when many companies are reporting losses demonstrates Dangote Cement’s resilience and…

President Tinubu Orders Dangote, BUA, Others To Revert To Old Prices Of Cement

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President Tinubu Orders Dangote, BUA, Others To Revert To Old Prices Of Cement President Bola Ahmed Tinubu has instructed cement companies in Nigeria to return to previous prices following the increase in the cost of the commodity. Nigeria’s Minister of Works, David Umahi, disclosed the President’s verdict yesterday during his visit to the BUA cement factory in Sokoto State.“Mr President insisted that they should go back to the status quo as far as this cement price is concerned for the common man.“I want to encourage them to abide by the…

JUST IN: Despite N7,000 Agreement With Manufacturers, Cement Sells For N11,000 In Lagos

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JUST IN: Despite N7,000 Agreement With Manufacturers, Cement Sells For N11,000 In Lagos Findings have revealed that despite the agreed price of N7,000 for cement with manufacturers, it is still being sold at a higher rate ranging from N10,000 to N11,000 in the Idimu area of Lagos state. According to The Nation, a retailer known as Alhaja dismissed the reports of the N7,000 price, labeling it as false information. She explained that during negotiations with the Federal Government, Dangote shut down all payment portals. When they were eventually reopened, the…

Dangote, BUA, Lafarge Agree To Slash Cement Prices, Give Conditions

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Dangote, BUA, Lafarge Agree To Slash Cement Prices, Give Conditions Cement manufacturers have reached an agreement to reduce the price of the product from N10,000 to a range between N7,000 and N8,000 per 50kg, subject to certain conditions set by the Federal Government. This decision was made during a meeting chaired by the Minister of Works, Engr David Umahi. Umahi had called for a meeting with cement manufacturers in Abuja due to the skyrocketing prices, reaching as high as N15,000 in certain areas. Following the meeting, which was also attended…