Author: statereporter
The Chairman of BUA Cement, AbdulSamad Rabiu, yesterday, said cement dealers frustrated his company’s plan to sell cement at N3,500 per bag last year. Speaking at the 8th Annual General Meeting of the company in Abuja, Rabiu also said that while his company sold over a million tons of cement to dealers at N3, 500, per bag, with the intention that they would pass the benefits to end-users, the dealers sold a bag of cement to consumers at between N7000 and N8,000. He said the company had to abandon the policy as its intervention was not to subsidise dealers. According…
The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that popular supermarkets in Nigeria are inflating the prices of imported products by as much as 500 percent. This was disclosed by the FCCPC’s Vice Chairman, Tunji Bello, during a stakeholders’ meeting on exploitative pricing held in Abuja on Thursday. Bello explained that a fruit blender, branded as Ninja, was found on the shelf of a supermarket in Texas, United States, at $89, which is approximately ₦140,000. However, the same product was displayed in a well-known supermarket located in Victoria Island, Lagos, for ₦944,999. According to Bello, the Commission is…
The naira showed a slight appreciation against the dollar on Thursday, closing at N1593.93 per dollar in the foreign exchange market, according to data from FMDQ. This marks a gain of N12.63 from Wednesday’s close of N1606.56 per dollar. However, the naira weakened on the black market, falling to N1625 per dollar from N1620 on Wednesday. This fluctuation in the naira’s value comes as the foreign exchange transaction turnover decreased to $155.52 million on Thursday, down from $160.94 million recorded on Wednesday.
Manchester City have been drawn at home to Inter Milan and away to Paris Saint-Germain as part of the new-look league phase to the Champions League that UEFA hopes will provide a more exciting first stage of the competition. At the draw in Monte Carlo, the revamped 36-team competition threw up a showdown between City and Inter, the side they beat to finally lift the trophy in 2023. The new format sees all 36 teams forming a single league, with each entrant playing four home games and four away. The top eight will go straight into the last 16 while…
President Bola Tinubu has departed Abuja for a working visit to China, with a brief layover in the United Arab Emirates (UAE). According to a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, the President will meet with Chinese President Xi Jinping and hold meetings with Chinese business leaders on the sidelines of the Forum on China-Africa Cooperation. Senior government officials are accompanying the President on the trip, which comes amid a recent controversy involving the seizure of Nigerian assets by a Chinese firm, Zhongshan Fucheng Industrial Investment Co. Limited. A French court recently ruled in favor…
Senior Advocate of Nigeria, Afam Osigwe, has been sworn in as the 32nd President of the Nigerian Bar Association (NBA). Osigwe took his oath of office alongside other newly elected national officers, marking the beginning of his two-year tenure. In his inaugural address, Osigwe praised his opponents, Tobenna Erojikwe and Senior Advocate of Nigeria, Chukwukwa Ikwazom, for their conduct during the election process and extended an olive branch to them to join him in moving the association forward. Osigwe promised to lead an inclusive administration that prioritizes unity and progress within the NBA. He also vowed to hold federal and…
Real Madrid star Kylian Mbappe’s Twitter account was hacked on Wednesday night, resulting in a series of controversial posts about Manchester United, Cristiano Ronaldo, and Lionel Messi. The hacked account claimed Mbappe was interested in joining Manchester United and declared Ronaldo the greatest football player of all time, while insulting Messi. The hackers also released a cryptocurrency token called “MBAPPE,” which briefly surged in value before plummeting to zero. The account posted messages about various Premier League teams, including Manchester City and Tottenham Hotspur, before the posts were quickly deleted. Mbappe’s fans and followers expressed shock and disappointment at the…
The government is considering tighter restrictions on smoking outdoors as part of a drive to phase out tobacco. Under new plans, smoking could be banned in public gardens, outdoor restaurants, and outside hospitals and sports grounds. The details of which are still unknown – are being proposed as part of a tougher version of the last government’s Tobacco and Vapes Bill, which was dropped before the last election. Health experts have welcomed the plans, but the BBC has been told that some ministers have raised concerns about the impact the ban could have on the hospitality sector. The King’s Speech…
Leaders and members of the Nigeria Labour Congress (NLC) have converged on the headquarters of the Congress in Abuja in solidarity with the NLC President, Joe Ajaero, who is set to honour the Police invitation for alleged terrorism financing and other charges. State reporters earlier informed that Ajaero is expected to visit the Police facility by 10:am today. The Labour members started converging at the NLC headquarters as early as 8:00am as they are expected to proceed on a solidarity march with their President. A heavy presence of police operatives has also been stationed a few meters away from the…
Commissioner of Police in Awka Ibom, Waheed Ayilara is dead. State reporters learnt that Ayilara died in the early of Thursday at the Lagos State University Teaching Hospital (LASUTH), Ikeja. Sources close to the family who spoke with The Nation said he underwent a prostate cancer surgery on Wednesday before he died hours later. ”We are very sad to inform you that our friend, brother and family, the Commissioner of Police for Akwa Ibom State, Waheed Ayilara is dead,” the family member said. More details later…