Business

Cement Manufacturers Urges To End Use of Coal – Fired Power in Productions

Published

3 years ago

June 23, 2023

441 Views

The Secretary General of the United Nations, António Guterres, has called on global cement and concrete manufacturers to end the use of coal-fired power in their productions if the industry is to meet its 2050 net zero carbon emission targets.

The cement sector is the third largest industrial source of pollution, emitting more than 500,000 tons per year of sulfur dioxide, nitrogen oxide, and carbon monoxide.

António Guterres, made the call during the Global Cement and Concrete Association (GCCA)’s international conference on ending carbon emissions by 2050; the two days event took place in Zurich

Guterres told the 200 cement and concrete industry leaders at the

conference that he wanted to see “concrete pledges from the concrete industry.”

Concrete is “fundamental to building a better world… and we have no time to lose, if we are to limit the global temperature rise to 1.5 degrees centigrade.

“Science tells us that requires cutting global greenhouse emissions by almost half by 2030.

That means taking a quantum leap in climate action – and slashing global emissions. Starting now,” he said.

The UN Secretary General set out three ambitions for the industry, including ending the use of coal-fired power in cement production, working more closely with governments, especially G20 countries, to speed up decarbonisation, and setting ambitious emission targets and transition plans, in line with UN guidelines.

Also, the Chief Executive of the GCCA, Thomas Guillot, noted that concrete is the second most-used material on earth after water and the backbone of modern infrastructure.

“It is used to build homes, schools, hospitals, roads, bridges, tunnels and helps to provide clean water and green energy.

” But with so much of it used around the world, it currently accounts for 7% of global CO2 emissions.

The world’s leading manufacturers – all members of the Global Cement and Concrete Association – have pledged to eliminate those emissions by 2050, in line with GCCA’s Roadmap for Net Zero Concrete – the first heavy industry to set out such a detailed plan,” he said.

Related Topics:Antonio Guterres Cement Manufacturers

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

7 hours ago

June 30, 2026

Charles Flames

23 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

11 hours ago

June 30, 2026

OCHEFA

19 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”