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
This week, cement prices from major manufacturers like Dangote and BUA are shaped by a complex mix of factors. Eko Hot Blog reports that this week, cement prices from leading manufacturers such as Dangote and BUA reflect a complex interplay of factors including industrial dynamics, infrastructural challenges, global economic influences, and government policies. The price … Read more
Nigerian Cement Prices: As of June 2024, the price of a 50kg bag varies from ₦8,500 to ₦15,000 depending on location and brand. Factors such as brand reputation, transportation costs, market dynamics, government policies, and production costs influence these fluctuations. Current prices for major cement brands in Nigeria range from ₦6,850 to ₦11,000 per 50kg … Read more
Reps warned the Cement Manufacturers Association of Nigeria (CMAN) over arbitrary cement price increases. Gaza Gbwefi, chairman of the committee, accused CMAN of using frivolous court injunctions to hinder the investigation. Gbwefi also criticized the FCCPC CEO for inadequate consumer protection. the House of Representatives has issued a stern warning to the Cement Manufacturers Association … 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 amidst the skyrocketing prices of cement nationwide, the costs of iron rods, also known as reinforcements, have surged significantly, surpassing the increases seen in cement prices. This online media platform highlights the ongoing challenge faced by Nigerians in realizing the dream of owning affordable homes, as the exorbitant prices of key … Read more
EKO HOT BLOG reports that according to a recent survey, cement prices in some northern states have seen a decline. As reported by Legit, major cement manufacturers like Dangote, Lafarge, and BUA are selling the product at nearly identical prices. Despite efforts by the Nigerian government to alleviate the rising costs of construction materials, cement remains … 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 the construction sector in Nigeria is currently facing a significant challenge with the soaring cost of building materials, particularly the price of blocks. This increase can be attributed to the rising costs of cement and sharp sand, two essential components in block production. Blocks play a crucial role in construction projects, … Read more
EKO HOT BLOG reports that Minister of Works, Senator David Umahi, yesterday, promised to dialogue with cement manufacturers over reducing the prices of their products. He spoke while featuring on Sunrise Daily, a channel television programme. EDITOR’S PICKS ‘We Will Hand Over Power After 3 Years’ – Niger Junta Suspended EFCC Chair, Bawa Marks 67 … Read more