Business
Nigerian Cement Market Witnesses Price Reductions: Dangote, BUA, And Others
Nigerian Cement Market Witnesses Price Reductions: Dangote, BUA, And Others....KINDLY READ THE FULL STORY HERE▶
This week, the Nigerian cement market has experienced a significant reduction in prices, attributed to a combination of market dynamics and government interventions. Initially priced between ₦8,500 and ₦10,000 per 50kg bag, cement prices have notably dropped across the country.
BUA Cement has led the trend by reducing its ex-factory price per bag, aiming to enhance affordability and stimulate growth in the building and infrastructure sectors. Other major producers like Dangote, Lafarge, and UNICEM are also adjusting prices within the range of ₦6,500 to ₦8,500 per bag, depending on regional factors such as transportation costs and local demand.
Government engagement with cement manufacturers has played a crucial role in stabilizing prices, addressing challenges such as high production costs due to gas prices and import duties. Recent discussions between manufacturers and government officials have resulted in commitments to further reduce prices and monitor progress.
However, despite these positive developments, reports indicate inconsistent market enforcement, with some areas still witnessing cement being sold above suggested retail prices.
Here are the current prices of various cement brands in Nigeria:
- Dangote Cement: ₦7,500 to ₦8,000 per 50kg bag, varying by location.
- BUA Cement: Retail price ranges between ₦7,500 to ₦9,000.
- Ibeto Cement: New price ranges from ₦8,500 to ₦10,000.
- Lafarge Cement: Priced between ₦7,950 to ₦9,500.
- UNICEM Cement: Price varies from ₦8,000 to ₦9,000, depending on location.
- POP Cement: Sold at ₦10,000 per bag.
These adjustments reflect a positive trend towards making cement more accessible to consumers while supporting the growth of the construction industry in Nigeria.
Senator representing Abia North, Orji Kalu, has rejected calls for him to support the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, or any other Igbo politician contesting in the 2027 general election.....KINDLY READ THE FULL STORY HERE▶
Kalu made this known on Monday while responding to questions during an interview on Arise Television’s Prime Time programme.
The former Abia State governor dismissed expectations that he should support Obi or other candidates contesting outside the All Progressives Congress (APC), insisting that his political loyalty remains with the ruling party.
The senator maintained that he had no reason to campaign for candidates belonging to other political parties, adding that he believes the political interests of the South-East should be pursued through the APC.
He said, “I’m not in the political party where they are contesting. Why should they call my name? I mean, they shouldn’t. Why should they call? No, they are just being idiotic.
“I was in PDP, I was in PPA, and my third political party is APC. So if I’m in this practice and you want me to go and support somebody in APGA, you must be sick in your mind. You must be dreaming.
“I am a member of APC, pure and direct. Yeah, leave me there. I don’t have any interest. If Igbos have interest, [and] they don’t want to pursue [it in] APC; that is their business. There’s no other place the interest will be pursued except where I am.”
The future of Nigeria’s Naira-for-Crude policy remains in limbo as negotiations continue between the Nigerian government and Dangote Refinery. The six-month agreement between the Nigerian National Petroleum Corporation (NNPCL) and Dangote Refinery expired on March 31, 2025, without a renewal, leading to the suspension of the refinery’s sale of refined petroleum products in Naira. However, the refinery has continued processing approximately 400,000 barrels of crude oil daily, with 35% of the crude sourced from international markets, particularly Brazil and Equatorial Guinea.....KINDLY READ THE FULL STORY HERE▶
Although the policy’s future is still under review, sources suggest that its economic implications, especially concerning fuel prices and foreign exchange rates, make it crucial to the national economy. Despite challenges in crude supply from NNPC, Dangote Refinery has expanded its global sourcing and is currently sourcing crude from Brazil’s Petrobras and Equatorial Guinea.
No official agreement has been reached yet to extend the Naira-for-Crude deal. The Nigerian government’s committee in charge of the policy is waiting for recommendations from the Nigeria Upstream Petroleum Regulatory Commission before proceeding. Meanwhile, the refinery’s management has expressed uncertainty regarding the renewal of the deal, citing concerns over the financial strain and volatility of exchange rates. The future of the policy remains unclear, with NNPC expected to supply crude oil to Dangote Refinery in April, but payment terms are yet to be finalized.
The price of cement, a vital resource for Nigeria’s construction industry, has witnessed significant changes recently, with rates fluctuating depending on brand, location, and market factors. Here is an overview of the current prices for some leading cement brands:....KINDLY READ THE FULL STORY HERE▶
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Dangote Cement: The cost of a 50kg bag of Dangote Cement ranges between ₦8,000 and ₦10,300. Known for its high quality, Dangote Cement remains a preferred choice in various construction projects. Prices are generally lower in areas near production plants but tend to rise in regions requiring extensive distribution.
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BUA Cement: Priced between ₦8,000 and ₦8,500 per 50kg bag, BUA Cement is popular among builders due to its competitive pricing and stability. Prices may vary slightly depending on proximity to manufacturing sites.
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Lafarge Water Shield Cement: Priced at ₦20,000 per 50kg bag, this cement variant is specifically formulated for durability and resistance to moisture, making it ideal for projects in damp environments.
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Waterproof Cement JK: Available at ₦15,000 per 50kg bag, Waterproof Cement JK is engineered to offer exceptional protection against water ingress, particularly useful for wet construction sites.
Over the past year, cement prices in Nigeria have surged significantly. At the start of 2024, a 50kg bag cost around ₦4,500. By November 2024, the price rose to about ₦8,500, reflecting an increase of approximately 89%. This upward trend is attributed to factors such as rising production costs, increased demand, and logistical challenges.
Marketers predict a potential further increase in cement prices, emphasizing the need for stakeholders in the construction sector to stay informed and plan accordingly.
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