Connect with us

Business

Dangote Cement Price Slash Receives Kudos In PH

Published

on

Dangote cement Plc has announced a new slash in the prices of the various grades of its product.
As expected, reactions are trailing the action of the company by dealers and consumers of the commodity in Port Harcourt and its environs.
At the Mile three building materials market in Diobu, Port Harcourt, a cross section of dealers who spoke to our correspondent welcomed the development but said they were faced with the challenge of selling off old stock.
According to Emeka Onyeoma, who claimed to have been in the cement business for more than twenty years, the entrance of Dangote group into the industry was a good omen.
He explained that before Dangote delved into cement production, no producer toyed with the idea of price reduction, even as he said the action would positively affect development at the building sector.
Another dealer who would not want his name on print while expressing appreciation to the Dangote group appealed to the company to still maintain the quality of its products despite the reduction in price.
For Pastor Miller Mbiakpa from Odi in Bayelsa State, the move by Dangote “is a welcome development”.
Mbiakpa whose house according to him was destroyed during the military invasion of the Community said the development would help him in his efforts toward rebuilding his house.
According to him, anyone who works to sabotage such effort by the company “is an enemy of progress”.
In his reaction, according to     reports the National President of the Block Moulders Association of Nigeria, Alhaji Rasidi Adebowale said he received the news with happiness.
Considering what the price reduction holds for his members he expressed optimism that the new price review would translate to reduction in the price of blocks.
Also, President, Nigerian Institute of Architects, Bruno Niyi was reported to have hailed the decision by Dangote Cement Plc even as he urged the management of the company to sustain the new price regime and ensure that it was not hijacked by profiteers in the industry.
By the company’s actions, the new price regime that was announced by the Group Managing Director of Dangote Cement Plc, Devakumar Edwin would see the company sell its 32.5 cement grade at N1000 per 5- kilogram (kg) bag, while the higher 42.5  grade would sell for N1,150 per bag.
The new prices, exclusive of Value Added Tax (VAT), represent about 40 per cent discount.
on the prevailing market price of the product which is currently sold for N1700 irrespective of the grade, across the country.
Edwin was further reported to have said that the move was in line with the company’s commitment to the nation’s dire need for the development of infrastructure and to boost the federal and state government’s ongoing efforts to reducing the near 20 million housing deficit in the continent’s largest economy.
The Tide further gathered that industry watchers have been over whelmed by the move.

Acting Branch Controller, CBN, Mr Emmanuel Etuk (left) who represented Mr Ndubisi Jude Ekioebelen, Port Harcourt Branch Controller, chatting with Corporate Communication Manager, Mr Obinali Okoli (right, during a workshop on Financial Inclusion in  Port Harcourt , recently. Photo: Chris Monyanaga

Acting Branch Controller, CBN, Mr Emmanuel Etuk (left) who represented Mr Ndubisi Jude Ekioebelen, Port Harcourt Branch Controller, chatting with Corporate Communication Manager, Mr Obinali Okoli (right, during a workshop on Financial Inclusion in Port Harcourt , recently. Photo: Chris Monyanaga

Continue Reading

Business

NPA Assures On Staff Welfare 

Published

on

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

ANLCA Chieftain Emerges FELCBA’s VP

Published

on

National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NSC, Police Boost Partnership On Port Enforcement 

Published

on

In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
Continue Reading

Trending