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
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 cement manufacturers have agreed to bring down the price of the product from N10,000 to between N7,000 and N8,000 per 50kg of the product. EDITOR’S PICKS Full List Of AFCON Awards As Ekong Wins Player Of The Tournament REVEALED! How Model Of Aircraft Carrying Wigwe, Wife, Son Crashed Multiple Times In … Read more
EKO HOT BLOG reports that the Minister of Works, David Umahi, has summoned prominent cement manufacturers to a meeting over the rising cost of cement. He expressed worry that, despite huge patronage by road and housing contractors to cement manufacturers, the cost of the product was rising at an astronomical rate. EDITOR’S PICKS Full List Of … Read more
EKO HOT BLOG reports that BUA Industries has finally responded to several allegations levelled against its management in 7 Page-Editorial by Aliko Dangote. In a statement signed by its management, BUA detailed several acts of Sabotage by Dangote on their businesses and Operations around the country. It reads: “BUA RESPONDS TO DANGOTE “It’s with a … Read more
Kogi has asked Dangote to present proof of acquisition for its Obajana Plant. Eko Hot Blog reports that the Kogi State government has asked the management of Dangote Group to present its proof of acquisition for the Obajana Cement Company. EDITOR’S PICKS Govt Seals Off Dangote Cement Factory Govt Uncovers ‘Satanic’ Plot By Dangote To … Read more
In Port Harcourt, an high court has set 11th of May for hearing of the chairman of Ibeto Cement against EFCC Recall that the hearing was initially scheduled for Monday EDITOR’S PICK APC Chairman Killed In Osun Kaduna : Again, IGP Patrols Abuja-Kaduna Expressway Return APC In 2023 General Election, Lawan Begs Nigerians EKO HOT … Read more
The Nigerian Students and Youths Association (NISYA), has asked the Nigerian government to end all forms of monopoly in cement production and distribution in the country. It gave the cement company and others 48 hours’ ultimatum to revert to the old price, adding that failure to heed the call would amount to blocking the highway … Read more
Africa’s business mogul, a serial entrepreneur, Aliko Dangote, has revealed that he is planning to open offices in the United States of America and London to protect his family’s wealth from devaluation. The billionaire was speaking in an interview with Bloomberg’s David Rubenstein. In 2016 when Nigeria’s economy was in a recession and the Central … Read more