A recent report reveals that the cost of building materials in Nigeria has surged by over 100% in the past year, causing significant disruptions in the construction industry. This sharp rise in prices has posed major challenges for large-scale developers and homeowners alike. Several factors have contributed to this increase, including disruptions in the supply … Read more
Reps investigating cement price hikes has requested major producers to provide production cost documents and data to justify current prices. EKO HOT BLOG reports that the joint committee of the House of Representatives investigating the arbitrary rise in cement prices has asked major producers to submit documents on production costs to justify the market prices. The … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu has issued a directive to cement manufacturers to revert to previous pricing of the commodity. This announcement was made by the Minister of Works, Senator David Umahi, following his inspection of the BUA cement factory in Sokoto on Thursday. During a recent meeting with the manufacturers, … Read more
EKO HOT BLOG reports that in the Idimu area of Lagos State, the price of cement continues to soar, selling between N10,000 and N11,000 per bag, despite an agreement reached with manufacturers to cap the price at N7,000. This discrepancy has left many retailers and buyers frustrated, questioning the effectiveness of the agreement. EDITOR’S PICKS AFCON … Read more
EKO HOT BLOG reports that the authorities at Dangote Company, manufacturers of Dangote Cement have denied viral reports claiming they are set to reduce the price of cement from the current market price of N5,500 to N2,700. The company made the denial in reaction to viral reports on social media claiming they were set to … Read more
The management of Dangote Cement Plc has said that the price of a bag of cement from its factories across Nigeria is N2,450, in Obajana and N2,510 in Ibese. EKO HOT BLOG, however, gathered that the prices of cement range from N3,300 to N3,500 in Lagos and Ogun states since March 2021. The management of … Read more
Cement Price The Nigerian Institute of Building (NIOB) raised the alarm on Sunday that the hike in cement prices from N2,600 for a 50kg bag to N3,500 would result in compromised quality in the construction industry, Eko hot blog gathered. It equally appealed to the Federal Government to adopt measures to avert danger. NIOB President, … Read more