Current Prices Of Dangote, BUA, And Other Cement Brands This Week.
Current Prices Of Dangote, BUA, And Other Cement Brands This Week The price of cement in Nigeria continues to rise, with a 50kg bag now averaging ₦8,800 nationwide, and prices reaching as high as ₦10,000 in some states. This persistent price hike, which has been ongoing for the past six to eight months, is putting considerable strain on both individual homebuilders and the broader construction industry. ....KINDLY READ THE FULL STORY HERE▶ Earlier this year, the House of Representatives summoned major cement manufacturers, including Dangote and BUA, to address the soaring costs. Lawmakers accused the companies of exploiting exchange rate volatility, engaging in corruption, and manipulating market dynamics to sustain high prices. Despite these interventions, cement prices have largely remained unchanged, leaving many Nigerians unable to afford essential building materials. Factors Driving Cement Price Increases Several factors have been identified as contributing to the rising cost of c...