Marketers Reveal New Price Of Dangote Cement, BUA Cement, Others

Marketers Reveal New Price Of Dangote Cement, BUA Cement, Others

A recent market survey indicates a substantial reduction in the price of cement across various cities in Nigeria, regardless of the brand. Previously sold as high as N15,000 per 50kg bag in January 2024, the price has now dropped to between N7,000 and N8,000, depending on the location and brand…….READ ALSO Dangote To Meet Oil Marketers Amid Concern Over Dealers Demanding N850/litre Diesel

Dealers in different areas, such as Ilorin, Lagos, and Owerri, have confirmed the decrease in prices. Factors contributing to this reduction include engagements between marketers and the federal government, decreased demand, and a stronger naira. Dealers experienced sluggish sales when prices were high but have seen an increase in sales as prices have dropped.

The recent stability of the naira against the dollar has also played a significant role in the reduced price of cement. Dealers are optimistic that the downward trend in prices will continue, making the product more affordable for consumers.

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