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Manufacturers List Conditions To Slash Rising Cement Price

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Cement Manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending on location nationwide, PUNCH Online reports.

However, the manufacturers stated that the price drop from the current market price would depend on the fulfilment of certain government interventions to ameliorate critical challenges faced in the industry.

The Minister of Works, David Umahi disclosed this after a meeting with leading manufacturers on Monday in Abuja.

The meeting was against the backdrop of the ballooning price of the commodity to approximately N13,000 in several retail stores in the Federal Capital Territory, and Enugu, indicating the impact of inflation within the country.

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Findings indicated that the price hike was attributed to the increase in wholesalers reselling to retailers and the escalating inflation rates.

But at the meeting directed by President Bola Tinubu, Umahi lamented the current rate stating that it was abnormal and detrimental to economic prosperity sought after by the current administration.

Reading the communique, the minister said certain issues including smuggling, bad roads, high energy costs, and the Forex crisis caused the high prices but stressed that manufacturers have expressed their readiness to be willing to bring down the prices in the future.

He said, “The cement manufacturer has noted to the government that the present high cost of cement in the market is very much abnormal in some locations nationwide. Ideally, they noted that cement price, and retail price to a consumer should not cost more than between N7,000 to N8,000 per 50 kg bag of cement.

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“Therefore, the government and the cement manufacturers, which are Dangote Plc, BUA Plc and Lafarge Plc have agreed to have their cement price nationwide between N7,000 to N8,000 naira per 50 kg pack of cement, depending on the locations, which means that this price depends on the locations.

“Going forward, the government advised manufacturers to set up a price monitoring mechanism to ensure compliance with the prices that are set today.”

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PenCom scraps pre-approval for pension adverts by PFAs

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The National Pension Commission (PenCom) has abolished the requirement for Pension Fund Administrators (PFAs) to obtain prior written approval before releasing advertisements and marketing campaign materials.

The new directive was contained in a circular dated May 8, 2026, and signed by the Director of the Surveillance Department, Abdulrahman Saleem.

According to the Commission, the policy takes immediate effect and replaces Section 6.3.1 of the Guidelines for the Operations of Pension Fund Administrators, which previously required PFAs to secure written approval before advertising or promoting their products and services.

PenCom said the decision was aimed at promoting operational efficiency, reducing bureaucratic delays and enabling quicker dissemination of information to potential clients.

The Commission stated that although prior approval is no longer mandatory, PFAs are still required to notify PenCom before deploying advertisements across broadcast, print, digital and outdoor media platforms.

“In furtherance of the Commission’s commitment to promoting operational efficiency, reduce bureaucratic delays, and quicker dissemination of information by PFAs to their potential clients, the Commission deems it necessary to allow PFAs to henceforth release their advertisement and media campaign materials without the prior approval of the Commission,” the circular stated.

PenCom, however, outlined strict compliance conditions that operators must meet before releasing promotional materials.

Under the new framework, PFAs are required to disclose the duration and timelines of advertisements and submit copies of creative materials before publication.

The Commission also directed operators to clearly define the target audience for each campaign and provide evidence of internal clearance from their Legal and Compliance departments.

It further stated that pension products or services being advertised must already have PenCom’s approval before they can be promoted to the public.

Despite relaxing the approval process, PenCom stressed that regulatory oversight remains fully in force.

The Commission warned that all advertising materials must be factual, verifiable and compliant with the Nigeria Data Protection Act (NDPA) 2023 as well as the Pension Reform Act 2014.

PenCom also prohibited the use of lotteries, prize draws and other inducements in pension advertisements.

In addition, the Commission banned misleading claims, unaudited financial references and deceptive fee disclosures in promotional campaigns.

PFAs were equally warned against using government symbols, public figures or institutional assets without proper authorisation.

The circular further directed pension operators to register slogans, taglines and promotional phrases with the national Trademarks Registry before deployment.

PenCom maintained that PFAs would remain fully responsible for all advertising content, including campaigns handled by third-party consultants, media agencies and digital influencers.

Industry stakeholders believe the latest move is part of broader reforms by the Commission aimed at streamlining pension administration and reducing delays within Nigeria’s Contributory Pension Scheme (CPS).

Last year, PenCom also eliminated the pre-approval requirement for several categories of retirement benefit payments, allowing PFAs to process and approve requests without seeking prior clearance from the Commission.

The reform, which took effect on June 1, 2025, was introduced to fast-track pension payments and improve service delivery to Retirement Savings Account holders.

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Anambra Assembly confirms Soludo’s 18 commissioners

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Anambra State House of Assembly has confirmed the 18 commissioner nominees earlier sent by Governor Chukwuma Soludo on May 4, 2026.

The list comprised second timers like the former commissioner for Information, Dr Law Mefor, to be in charge of Information and Value Reformation, former commissioner for Health, Dr Afam Obidike and Commissioner for Lands, Prof Offonze Amuchiazu, SAN

The others confirmed during plenary on Wednesday are Chief Ugoji Amedu for Culture, Entertainment and Tourism and Dr Clem Aguiyi for Environment

Others include ;

Agriculture — Dr. Ben Chuks Odoemena
Budget and Economic Planning— Mr Chukwukadibia Okoye
Education — Dr. Ekene Ogugua
Finance — Mr Izuchukwu M. Okafor.
Justice and Attorney-General — Barr. Tobechukwu Nweke, SAN
Local Government and Community Affairs— Barr. Vin Ezeaka
Petroleum and Mineral Resources — Prof. Charles Ofoegbu
Physical Planning and Urban Development — Barr. Chijioke Oseloka Ojukwu
Power — Engr. Casmir Chinenye Agummadu
Works and Infrastructure — Arc. Okey Ezeobi
Transport — Hon. Eddy Ibuzo
Women Affairs and Social Development — Mrs Esther Chinyere Onyekesi and
Youth Development and Sports — Mr. Patrick Agha Mba

They were confirmed exactly 3.38 pm by the Lawmakers, after the report presented by the screening committee, led by Hon Noble Igwe,(Ogbaru 1) constituency

Before discharging the new commissioners from the plenary, the speaker, Hon Somtochukwu Udeze, charged them to be prudent in the discharge of their duties.

“If Anambra is to be a destination, I want all of us to work together. It is a new beginning from today in the state. Leadership is a responsibility; as you assume office, it is on the table.

“Every decision you make, you must answer the question, ‘ How does it improve the lives of the people? You have to always make yourselves accessible to the people,” Udeze said.

Responding on behalf of other commissioners, Dr Law Mefor, thanked the Lawmakers and commended the governor, Prof Chukwuma Soludo, for finding them worthy of the positions.

He assured that they would not disappoint the people of the state in their new positions.

Meanwhile, Prof Soludo has sent a second batch of a new list to the Assembly for confirmation

The additional Commissioner-nominees are Arc. Henry Arinze – Commissioner Designate For Housing; Mr Nonso Chukwuma Ebonwu – Commissioner Designate for Commerce, and Dr. Ezeaka Augustine Uwaeme – Executive Secretary, Anambra State Health Insurance Agency (ASHIA)

The new names were read by the speaker, Hon Somtochukwu Udeze, during Wednesday’s plenary and referred the new list to the Committee on Screening and Election Matters.

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NBA rejects mandatory robing of civilian lawyers before courts martial

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The National Executive Council (NEC) of the Nigerian Bar Association has rejected the directive mandating civilian legal practitioners appearing before Courts Martial to wear legal robes, insisting that such a requirement has no legal backing under existing Nigerian laws.

The position was adopted unanimously during the NEC meeting, following deliberations on a recent Convening Order establishing a Court Martial to try officers and soldiers accused of plotting a coup against the Federal Government.

Earlier, the President of NBA, Afam Osigwe, wrote a letter dated April 27, 2026, to the Chief of Army Staff over the controversial directive requiring civilian lawyers to appear robed before the military tribunal.

In its resolution, the Council maintained that the mandatory robing requirement amounts to an unlawful extension of the Rules of Professional Conduct for Legal Practitioners.

According to NEC, Rule 79 of the Rules of Procedure (Army) 1972 merely outlines the categories of persons qualified to appear before a Court Martial and does not prescribe any dress code for counsel appearing before such tribunals.

The Council further argued that the regulation of the conduct and appearance of legal practitioners in Nigeria falls exclusively within the authority of the General Council of the Bar pursuant to the Legal Practitioners Act and the Rules of Professional Conduct.

NEC emphasized that Rule 45 of the Rules of Professional Conduct specifically identifies the courts before which lawyers are required to appear robed, namely the High Courts, the Court of Appeal and the Supreme Court.

It stated that the deliberate mention of those courts excludes tribunals and quasi-judicial bodies not expressly listed, including Courts Martial.

The Council also noted that legal practitioners do not appear robed before several constitutionally recognised tribunals and quasi-judicial bodies, adding that there was therefore no legal basis for extending the requirement to military courts.

While acknowledging that Courts Martial are recognised courts established under the Armed Forces Act, NEC maintained that such recognition does not automatically import the ceremonial and procedural rules applicable to superior courts of record under the Constitution.

The NBA NEC consequently called on the Nigerian Army to immediately review and withdraw the aspect of the Convening Order compelling civilian lawyers appearing before Courts Martial to wear robes.

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