NEWS – The Hood – Hearing from your neighborhood

FOREX SCAM: Dangote Officials Invited To Abuja By EFCC As Dragnet Widens

The Economic and Financial Crimes Commission has summoned some officials of the Dangote Group to Abuja to come along with detailed documents on foreign exchange transactions by the conglomerate covering the last nine years. Operatives of the EFCC had on Thursday stormed the headquarters of Dangote Industries Limited in Ikoyi, Lagos, in furtherance of theContinue reading “FOREX SCAM: Dangote Officials Invited To Abuja By EFCC As Dragnet Widens”

EFCC Raid Dangote Office Over Forex Deals: Did Emefiele Squeak On Dangote As Payback For Snubbing Ex-CBN Governor In Time Of Need?

Beware the fury of a betrayed friend. A patient, pitiless friend like Godwin Emefiele. The embattled former Governor of the Central Bank of Nigeria (CBN) may be out for blood amid his trial for fraud and official misconduct during his time as CBN head honcho. Indeed, revenge is the sweetest morsel to the mouth thatContinue reading “EFCC Raid Dangote Office Over Forex Deals: Did Emefiele Squeak On Dangote As Payback For Snubbing Ex-CBN Governor In Time Of Need?”

BUA To Maintain 3,500 Price Of Cement, Abdul Samad Rabiu Reveals As He Visits Tinubu

BUA Group Chairman has disclosed that the price of its cement will remain at 3,500 per bag going forward into the new year. Speaking to State House Correspondents after paying homage to President Tinubu in his Lagos home for the yuletide, the billionaire industrialist disclosed that it will not increase the price of its productsContinue reading “BUA To Maintain 3,500 Price Of Cement, Abdul Samad Rabiu Reveals As He Visits Tinubu”

ASR Begins Construction Of 2Billion Naira 120 Units Corporal And Below Quarters For Army In Abuja

ASR Begins Construction Of 2Billion Naira 120 Units Corporal And Below Quarters For Army In Abuja The Abdul Samad Rabiu Africa Initiative (ASR Africa) has kicked off the construction of a 120 Units of Family Corporal and Below Quarters (CBQ) for the Nigerian Army with a groundbreaking ceremony which held at the Muhammadu Buhari CantonmentContinue reading “ASR Begins Construction Of 2Billion Naira 120 Units Corporal And Below Quarters For Army In Abuja”

BUA Responds To Dangote, Reveals How The Company Survived Dangote’s Traps, Selfish Plots, Use Of Unscrupulous Govt Officials To Foist Monopoly Since 1991 To Date

The attempt to paint itself as the offended by Dangote in a recent 7-page advertorial has been exposed by BUA Group in a press statement chronicling how since 1991, Dangote has done everything possible to ensure that BUA does not compete with it in any of the areas where they both undertake business. BUA inContinue reading “BUA Responds To Dangote, Reveals How The Company Survived Dangote’s Traps, Selfish Plots, Use Of Unscrupulous Govt Officials To Foist Monopoly Since 1991 To Date”

BUA Reacts To Sahara Reporters Story, Clarifies Bogus Tax Claims By FIRS And Company’s Immediate Response

The BUA Group has responded to an article published by Sahara Reporters today alleging that FIRS demanded a payment of 198.7Billion Naira being estimated tax for 2022. According to the statement from the conglomerate, in the exchange of communication between BUA and FIRS, the company had denied the 1Trillion Naira as alleged by the taxContinue reading “BUA Reacts To Sahara Reporters Story, Clarifies Bogus Tax Claims By FIRS And Company’s Immediate Response”

Cement Price War : Will The Propaganda, Panic Measures Against The BUA Initiative Work?

Events in the cement sector in the last couple of weeks have been really worrisome. Ever since BUA Group Chairman, Abdul Samad Rabiu disclosed that his products would be sold at 3,500 per bag, the other players in the industry have been jittery.First, the media was and is still agog with rhetorics over whether theContinue reading “Cement Price War : Will The Propaganda, Panic Measures Against The BUA Initiative Work?”

JUST IN: BUA Crashes Price Of Cement To 3,500 Per Bag

…Promises Further Reduction

OGFTZ ‘ll Boost Tinubu, Abiodun’s Commitment to Economic Rebirth,’ Says Dr. Onas

Ogun State Governor, Dapo Abiodun has put every necessary process in place to make the Ogun-Guangdong Free Trade Zone (OGFTZ), an impetus for foreign and local investors, the Coordinator OGFTZ, Dr. Abbey Onas has stated. Addressing stakeholders in Abeokuta on his recent visit to Poland for an investment/economic forum, Onas said he was essentially atContinue reading “OGFTZ ‘ll Boost Tinubu, Abiodun’s Commitment to Economic Rebirth,’ Says Dr. Onas”

Nigerians Lash Out At Aliko Dangote Over Reported Exorbitant Cement Price

Aliko Dangote, Africa’s richest man, is facing mounting criticism from Nigerians questioning the fairness of his business empire. With a total of 15,200 tweets at the time of this report, Dangote Group’s leader has come under public scrutiny for the reported disparities in the prices of his cement products across Africa. According to X (formerlyContinue reading “Nigerians Lash Out At Aliko Dangote Over Reported Exorbitant Cement Price”