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Cement Prices Surge Amid Economic Pressures, Dangote And BUA Lead Market.
According to industry reports, the Nigerian cement market is experiencing relative price stability, with leading brands selling within a narrow range across major urban centers. Dangote Cement and BUA Cement are both currently priced at ₦10,000 per 50kg bag, demonstrating near parity between the top market players.....KINDLY READ THE FULL STORY HERE▶
Meanwhile, Mangal Cement, which primarily serves northern markets, is selling at ₦9,800 per 50kg bag, slightly lower than Dangote and BUA by ₦200. This small difference has drawn attention among builders and distributors, particularly in price-sensitive areas.
Experts note that while prices appear stable, underlying cost pressures continue to shape the market. Energy costs, especially for fuel and alternative power sources required due to inconsistent electricity supply, remain a major factor. Transportation expenses, driven by rising fuel costs, also influence the movement of raw materials and finished products.
Exchange-rate fluctuations have further impacted cement pricing, particularly for imported machinery and production inputs. Although most raw materials are sourced locally, reliance on foreign spare parts increases operational expenses. Additionally, costs related to limestone mining, packaging, and logistics continue to affect retail prices.
Analysts suggest that sustained demand from construction projects, housing development, and large-scale infrastructure initiatives, combined with intense competition among manufacturers, has helped keep prices within a relatively narrow band. Companies appear to be carefully adjusting pricing to maintain market share while meeting steady consumption.
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Edo Govt to Sponsor Late Brig-Gen Braimah’s Children Through University In Emotional Tribute.
Edo State Governor, Monday Okpebholo, has approved full educational scholarships for the three children of the late Brigadier General Oseni Omoh Braimah, who died while serving the country.....KINDLY READ THE FULL STORY HERE▶
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2027: Gov Sule Sparks Buzz, Reveals Who He Wants As Nasarawa’s Next Governor.
Nasarawa State Governor, Abdullahi Sule, has openly backed Aliyu Wadada as his preferred governorship candidate under the All Progressives Congress ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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“I’m Not Linked to Violence Or Terrorism” — Sultan Of Sokoto Fires Back At US Cleric Mac Arnold.
The Sultan of Sokoto, Muhammad Sa’ad Abubakar, has denied any involvement in violence or terrorist activities, dismissing recent allegations against him as false and unfounded.....KINDLY READ THE FULL STORY HERE▶
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