The House of Representatives Joint Committee has warned Dangote Cement’s management of possible arrest warrants. EKO HOT BLOG reports that the House of Representatives Joint Committee on the Arbitrary Increase in the Price of Cement issued a stern warning to the management of Dangote Cement on Tuesday after the company’s officials failed to appear at a … Read more
Factors contributing to elevated cement prices in Nigeria include high production and transportation costs. Import restrictions and high demand further strain the cement market, impacting housing affordability. Current prices of major cement brands in Nigeria vary, with Dangote Cement ranging from ₦7,500 to ₦7,700 per 50kg bag. EKO HOT BLOG reports that as Nigerians anticipate a … Read more
Eko Hot Blog reports that a Nigerian man, Ahmad Kargi, expressed surprise after a cement seller offered him his N400 balance on the purchase of cement. Ahmad narrated his experience in a post via X on Wednesday. Editor’s Picks BREAKING: Edo Assembly Set To Impeach Deputy Governor Philip Shaibu JUST IN: Ekiti APC Chairman Paul … Read more
EKO HOT BLOG reports that Operatives of the Economic and Financial Crimes Commission (EFCC) have reportedly stormed the office of BUA cement in relation to an investigation on the forex transactions of the company. This online media platform understands the EFCC besieged the BUA Towers located at PC 32, Churchgate Street, Victoria Island, Lagos State, on … Read more
Eko Hot Blog Report that the Chairman of the BUA Group, Abdul-Samad Rabiu, has affirmed the company’s commitment to selling cement at the rate of N3,500 starting from January 2024. During a conversation with State House Correspondents in Lagos on Thursday after meeting with President Bola Tinubu, Rabiu assured that the company would ensure accessibility … Read more
Eko Hot Blog reports that the management of BUA Cement has fulfilled it’s earlier promise to reduce the price of it’s cement product to an ex-factory price of N3,500 per bag. This was contained in a press statement issued by the company on Sunday. The statement reads: “As per the commitment made to reduce prices … Read more
Eko Hot Blog reports that BUA Cement Plc Chairman, Rabiu The Chairman of BUA Cement Plc, Abdul Samad Rabiu has said that the company is going to reduce the price of its product by January next year. Rabiu, who disclosed this Thursday while fielding questions from journalists in Abuja, said the decision is part of … Read more
Forbes analysts attributed Dangote’s retention of the top spot to the “surge in housing developments in Nigeria and… EKO HOT BLOG reports that Forbes has named Founder and Chief Executive Officer of Dangote Group, Aliko Dangote, the richest man in Africa for the 11th consecutive year. According to Forbes in its latest report on the … Read more
The Nigerian Government has granted special waiver to BUA Cement owned by another Northerner, Abdulsamad Rabiu, to resume exportation of its products to neighbouring countries through land borders. The development is coming same day it came to public knowledge that the federal government had given Dangote group, a foremost conglomerate, owned by another northerner, Alike … Read more