Tag: Cement
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How dealers frustrated our efforts to sell cement at N3,500 per bag – BUA Cement
AbdulSamad Rabiu, Chairman of the Board of Directors of BUA Cement Plc has disclosed how cement dealers in the country frustrated the efforts of the company to sell cement at N3,500 per bag last year. TheNewsGuru.com (TNG) reports Rabiu made the disclosure at the 8th Annual General Meeting of BUA Cement held in Abuja.
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Rising price of cement: Reps probe Dangote, Lafarge
The Joint Committee of the House of Representatives investigating arbitrary rise of cement price in the country, has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market.
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Cement palaver: Reps invite Dangote, BUA, others over incessant increase in price
Apparently disturbed by the incessant increase in price of cement the House of Reps on Wednesday invited top cement manufacturers, Dangote, BUA amongst others to explain this ugly development. The legislative body has also tasked its Committees on Solid Minerals Development, Commerce, Industry, and Special Duties with investigating the surge in cement prices across the…
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The political economy of cement – By Dakuku Peterside
Cement and concrete are synonymous with strength ;the strength of the economy and infrastructural development. Cement is specifically an indicator of how we prioritise housing, roads, and other infrastructure projects that rely on it. When cement prices go up consistently, it reverberates across the country, sending cold chills down the spines of many. It means fewer…
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Senate to investigate Dangote, BUA over cement price hike
The Senate has resolved to investigate the sudden hike in the price of cement by producers in Nigeria, including Dangote and BUA cement companies.
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Rising cost of cement will affect housing projects – FG cries out
The Federal Government has come out to state that the rising cost of cement poses a threat to the housing projects and plans of the government. The minister of Housing and Urban Development, Ahmed Dangiwa, in a meeting with cement manufacturers in
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FG makes plans to reduce rising cement price
The Federal Government says it will give more attention to fixing roads and seek some remedies on cost of gas and import duties to bring down the astronomical price of cement nationwide. This is part of the communiqué that was reached during a meeting between the
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FG summons Dangote, BUA, Larfarge Companies over high cost of cement
The Nigerian government has summoned all cement manufacturers in the country to a meeting with the Minister of Works, David Umahi, over escalating retailing prices of the product in the market. This was disclosed in a statement by the Special Adviser to the Minister, Edward Uchenna Orji, on Saturday. It was reported on Friday that…
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Economic downturn: Cement price climbs to N7,000 per bag
The retail price of cement has risen from N5,000 in December, 2023 to between N6,500 and N7,000 per bag as at February 9, 2024, depending on the location in the country. Investigations revealed that operators under the Cement Manufacturers Association of Nigeria (CMAN) have raised prices of brands by over N1,000 per bag. This has…
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Dangote calls for calm over shutdown of Obajana Cement plant
The Management of Dangote Cement Plc, has appealed to all its staff and customers to remain calm while the company explored all possible legal steps to address the illegal shutdown of its Obajana plant by the Kogi government.