Abdul Samad Rabiu, chairman of BUA Cement, revealed that plans to reduce cement prices to N3,500 were thwarted by dealers' actions, leading to sales at inflated rates. He cited naira devaluation and fuel subsidy removal as challenges, yet ensured prices remain more stable compared to last year...
Nigerians are lamenting the soaring cost of cement, expressing concerns over their ability to afford housing amidst skyrocketing prices.
The Real Estate Developers Association of Nigeria (REDAN) warns that the country's housing deficit will worsen unless cement prices decrease. In December...
In response to widespread public concern over the soaring prices of cement, major manufacturers, including Dangote, BUA, and Lafarge, engaged in a meeting with the Federal Government. The gathering, spearheaded by the Minister of Works, David Umahi, and attended by the Minister of Industry...
The price of a 50kg bag of cement has skyrocketed to approximately N9500 in numerous retail outlets across Lagos, intensifying the impact of inflation in Nigeria. Investigations conducted by Nairametrics reveal a sharp increase in prices since January, rising from around N6,000 to over N9000...
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