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…
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…
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,…
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…
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…
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…
