BUA Cement Plc. has revealed plans to reduce the price of cement in Nigeria from the current N5,500 to between N3,000 and N3,500. The company’s Chairman, Abdul Samad Rabiu, disclosed this to Journalists after an audience with President Bola Tinubu at the State House, Abuja. Rabiu said the price crash is part of his company’s contribution to supporting the efforts of the Federal Government to stabilise the prices of essential commodities. However, this would only follow the opening of two new plants of 3 million tons operating capacity each to be commissioned at the end of the year. Rabiu said…
Author: Bolanle Oduekun-Ayoola
A former president, Olusegun Obasanjo, on Friday, reaffirmed the constitutional superiority of elected officials when he mandated some traditional rulers to stand up and greet him. Obasanjo gave this order at the commissioning of a 34.85 km Oyo-Iseyin Road and the Ladoke Akintola University of Technology, Iseyin Campus, which houses the College of Agricultural Sciences and Renewable Natural Resources. The ex-president, who spoke in Yoruba, stated that despite the traditional rulers’ status, it was crucial for them to respect elders and those in positions of power. According to him, doing this will enable the preservation of the Omoluabi culture of…
President Bola Tinubu on Friday nominated Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria (CBN). “President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate,” presidential spokesman Ajuri Ngelale said. Tinubu also nominated persons to serve as deputy governors of the apex bank in “conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the…
President Bola Tinubu on Friday appointed Dr Olayemi Cardoso as the new Governor of the Central Bank of Nigeria, replacing Folashodun Shonubi who has headed the bank in acting capacity since the President suspended Godwin Emefiele. The Special Adviser to the President, (Media & Publicity), Ajuri Ngelale, who disclosed this in a statement said the President also nominated four deputy governors to the apex bank. The statement read, “This directive is in conformity with Section 8(1) of the Central Bank of Nigeria Act, 2007, which vests in the President the authority to appoint the governor and four deputy governors…
Nigerian singer and songwriter, Tems, has received a nod by TIME magazine as a leading voice in the international music industry. Born Temilade Openiyi, the music star was named as one of the people “who have achieved peak influence in their fields” in the 2023 TIME’s Next 100 list published on Wednesday. Writing for the magazine, Grammy-winning singer, Mary J. Blige, compared Tems to legendary musician, Nina Simone, because they both “sing with emotion and conviction”. Blige also expressed hope that Tems will one day become one of the biggest artistes of her time. “Tems is in a class all…
Iran’s government has warned it will not tolerate any signs of “instability” as the first anniversary nears of the death of Mahsa Amini and the months-long protests it sparked. Amini, a 22-year-old Iranian Kurd, died on September 16 last year after her arrest in Tehran for an alleged breach of the Islamic republic’s strict dress code for women. Her death triggered months of nationwide demonstrations under the slogan “Woman, Life, Freedom”. Hundreds of people were killed in street clashes, including dozens of security personnel, before authorities moved to quell what they branded foreign-instigated “riots”. One year on, no plans for…
Vladimir Putin and Kim Jong Un discussed the possibility of sending a North Korean into space, Russian news agencies quoted Putin’s spokesman as saying. President Putin and the North Korean leader held talks on Wednesday at a spaceport in Russia’s far east. “We talked about the fact that if the North Korean side wishes, a North Korean cosmonaut can be trained and sent into space,” the TASS and RIA Novosti news agencies quoted Dmitry Peskov as saying. If that were to happen, the cosmonaut would be the first North Korean ever to go into space. Kim is visiting Russia as…
President Bola Tinubu, yesterday, directed the Central Bank of Nigeria (CBN) to create a platform for quarterly reconciliatory meetings with foreign airlines, towards settling accumulated trapped funds. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this in Abuja at the ongoing African Aviation Summit.He noted that the development was one of the reasons President Tinubu travelled to the United Arab Emirates (UAE) to address. He expressed his displeasure with the trapped funds of foreign airlines in Nigeria Before the Minister’s directive, foreign airlines had found it difficult to get their funds due to Nigeria’s foreign exchange (forex) policy. Keyamo, while…
Tesla CEO Elon Musk says there was “overwhelming consensus” for regulation on artificial intelligence after tech heavyweights gathered in Washington to discuss AI. Tech bosses attending the meeting included Meta’s Mark Zuckerberg and Google boss Sundar Pichai. Microsoft’s former CEO Bill Gates and Microsoft’s current CEO Satya Nadella were also in attendance. The Wednesday meeting with US lawmakers was held behind closed doors. The forum was convened by Senate Majority Leader Chuck Schumer and included the tech leaders as well as civil rights advocates. The power of artificial intelligence – for both good and bad – has been the subject…