L
LequteMan
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Nigerians have cried out over the recent "silent" increment in the price of Dangote cement as the year runs to an end. According to an investigation by Daily Independent, a bag now sells relatively for N2000/bag in most parts of the country, sparking an outcry from distributors and consumers of the product. Excerpts:
In a move that has confounded industry watchers, distributors, developers and buyers have kicked against the new price of Dangote Cement, as the firm has silently increased the price of its product to N2, 200 per 50kg bag instead of the N1, 000 that it announced on November 3, 2014.
However, an angry distributor, who spoke on the condition of anonymity, said though the firm had previously announced the crash of the 32.5 cement grade to N1,000 per bag, and the higher 42.5 grade to N1,150 from N1,700 irrespective of the grade, the distributors never got it at the announced prices.
The distributor called on the firm to also announce the latest increase, adding that the former announcement of a crash in price was “highly counter-productive to the marketers.”
click here to read more
#Dangote #Cement
In a move that has confounded industry watchers, distributors, developers and buyers have kicked against the new price of Dangote Cement, as the firm has silently increased the price of its product to N2, 200 per 50kg bag instead of the N1, 000 that it announced on November 3, 2014.
However, an angry distributor, who spoke on the condition of anonymity, said though the firm had previously announced the crash of the 32.5 cement grade to N1,000 per bag, and the higher 42.5 grade to N1,150 from N1,700 irrespective of the grade, the distributors never got it at the announced prices.
The distributor called on the firm to also announce the latest increase, adding that the former announcement of a crash in price was “highly counter-productive to the marketers.”
click here to read more
#Dangote #Cement