MANUFACTURERS PREDICT PRICE CRASH OF CEMENT

The Cement Manufacturers

Association of Nigeria (CMAN) on

Thursday said that the price of

cement would go down before the

middle of June.

Joseph Makanju, chairman of CMAN,

gave the assurance at a press

briefing in Lagos, adding that the

association was finetuning major

processes that would lead to the

price reduction.

Mr Makanju said that the association

would ensure that it met the desire

of President Goodluck Jonathan on

the reduction in price of cement.

He listed the measures that would

bring about the price reduction to

include increase in production and

flooding of the market with the

product as soon as possible.

Jonathan Gives Manufacturers 30
Days Marching Order on Cement
Price
Hope of eventual fall in the price
of cement which has been on the
rise for over three months rises
yesterday with directive by
President Goodluck Jonathan to
manufacturers of the product to
bring the cost down within 30
days.
The President on Monday held a
meeting with leading cement
manufacturers in the country,
notably the Dangote Group,
Lafarge/WAPCO and the BUA
Group with a view to addressing
the soaring price of the product.
Ima Niboro, spokesperson to the
President told journalists that
Jonathan directed the
manufacturers at the meeting to
bring down the
prices of the product within 30
days period or face the wrath of
the
government.

FCT signs MoU for $2.6bn Abuja project


The efforts to transform Abuja into a
truly world class capital city has
received a boost with the signing of
Memorandum of Understanding,
(MoU) between the Federal Capital
Territory, FCT Administration and a
Dallas, Texas, USA- based
conglomerate, the Balkan
Development Center Ltd for the
building of a $2.6 billion Abuja Town
Centre.
The ceremony, which sign-posted
one of the biggest inflow of
investments to the country, took
place at Dallas City, USA between the
FCTA delegation led by the Minister,
Senator Bala Abdulkadir Mohammed
and the Balkan Development Centre
Ltd Management, led by its Executive
Chairman, Gene Phillips.

BACK TO BUSINESS

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After the interruptions occassioned by the national elections which literarily placed a lot of businesses on hold, including our real estate niche,we assure you of the benefits of both our evolutionary and revolutionary trend to deliver excellent services.
Thanks for being a major part of our success story.

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