OSINBAJO INAUGURATES N107BN BUA’S SOKOTO CEMENT PLANT
Vice-President Yemi Osinbajo on Tuesday in Sokoto State inaugurated the BUA cement and coal power plants built at the cost of $350m (N107bn).

The cement plant situated in Kalambina, Sokoto State, has an installed capacity of 1.5 million metric tonnes per annum, while the coal power plant is a 32-megawatts multi-fuel captive plant capable of generating more power than what the entire Sokoto State is currently generating, according to the Chairman, BUA Group, Abdulsamad Rabiu.
Read more............https://newsbreakers.ng/osinbajo-inaugurates-n107bn-buas-sokoto-cement-plant/



ICAN PRESIDENT CALLS ON FG TO GET RID OF IDLE ASSETS
The Nigerian Institute Of Chartered Accountants (ICAN) has called on the Federal Government to get rid of idle assets across the country in order to bridge the government’s fund and accelerate the nation’s growth.

Mr. Razak Jaiyeola, the ICAN president made this call during an interview with the newsmen in Lagos on Tuesday, July 17, 2018.

According to him, some of the assets lying unused, especially in Lagos are irritating.
Read more.......https://newsbreakers.ng/ican-president-calls-on-fg-to-get-rid-of-idle-assets/


ETHIOPIAN AIRLINES IN TALKS WITH FG OVER NATIONAL CARRIER
Africa’s biggest airline, Ethiopian Airlines Enterprise has said it’s in discussions with the Nigerian government for a new national carrier.

The Chief Executive Officer, Ethiopian Airlines Enterprise, Tewolde GebreMariam, was scheduled to hold talks with the Minister of State for Aviation, Hadi Sirika, about the proposal on Tuesday at the Farnborough air show in England, Bloomberg reported.

The Federal Government had said earlier this month that a new airline would begin operations this year, with the name to be revealed at the expo.
Read more........https://newsbreakers.ng/ethiopian-airlines-in-talks-with-fg-over-national-carrier/



EXXONMOBIL LAGOS HEADQUARTERS SHUT BY PROTESTING WORKERS
The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the alleged dismissal of 860 security personnel without entitlement.

The News Agency of Nigeria (NAN) reports that the workers besieged the office of the oil company, protesting the sacking of workers, mainly Nigerians, on Tuesday in Lagos.

The protesters accused the company of sacking the workers most of whom had worked with the company for over 22 years without regards for the rule of law.
Read more.......https://newsbreakers.ng/exxonmobil-lagos-headquarters-shut-by-protesting-workers/


NEW KALAMBAINA CEMENT FACTORY TO PROVIDE 12,000 JOBS — BUA CEO, RABIU
The BUA Group chairman, Abdulsamad Rabiu has said the recently commissioned 1.5 million metric tonnes per-annum Kalambaina cement factory is a statement in innovation.

Rabiu further said the $350 million factory that was commissioned on Tuesday by Vice President Yemi Osinbajo will provide 12,000 job opportunities, generate 32 megawatts of electricity and boost local cement production.

Speaking during the commissioning ceremony, Rabiu said the plant has a number of competitive advantages, including “huge limestone deposits” in the Kalambaina area.
Read more.....https://newsbreakers.ng/new-kalambaina-cement-factory-to-provide-12000-jobs-bua-ceo-rabiu/