News
Current Cement Prices: Dangote, BUA, and Others This Week
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/02/Cement.jpg&description=Current Cement Prices: Dangote, BUA, and Others This Week', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/Cement.jpg&description=Current Cement Prices: Dangote, BUA, and Others This Week', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
Cement prices in Nigeria have remained volatile due to a combination of local and global economic pressures, infrastructural challenges, government policies, and market-specific dynamics. This price unpredictability affects key sectors like construction and real estate, where stable cement prices are critical to project planning and execution.
Factors Contributing to Cement Price Fluctuation
1. High Production Costs
Cement production in Nigeria is capital- and energy-intensive, with significant costs associated with raw materials and energy:
Energy Costs: The reliance on diesel and gas generators due to erratic electricity supply inflates production costs.
Raw Materials: Despite Nigeria’s abundant limestone reserves, mining and transportation costs are high due to inadequate infrastructure and security challenges.
2. Limited Industry Competition
Nigeria’s cement industry is dominated by a few major players: Dangote Cement, BUA Cement, and Lafarge. This oligopoly structure reduces competitive pricing:
High Entry Barriers: Capital-intensive investments deter new entrants.
Import Restrictions: Policies limiting cement imports strengthen local manufacturers’ market control, restricting competition and enabling price manipulation.
3. Logistics and Transportation Challenges
Poor infrastructure and security issues increase transportation costs:
Road Infrastructure: Bad roads lead to delays and higher fuel consumption, with costs passed to consumers.
Insecurity: In regions like the North, insecurity increases logistical risks, raising costs for manufacturers and distributors.
4. Exchange Rate Volatility
The naira’s fluctuating value against foreign currencies impacts the cost of imported machinery, spare parts, and raw materials. These costs are often offset by frequent adjustments in cement prices.
5. Demand-Supply Imbalance
High demand driven by urbanization, population growth, and government infrastructure projects often outstrips domestic supply:
Periodic Shortages: Insufficient production capacity leads to supply gaps.
Import Restrictions: Policies aimed at promoting local production reduce overall supply, contributing to higher prices.
6. Taxes and Levies
Cement manufacturers face significant taxes and levies, which are typically transferred to consumers through increased prices.
7. Market Speculation and Hoarding
Speculative practices further destabilize prices:
Hoarding: Distributors hoard cement to create artificial scarcity, driving up prices.
Speculation: Rumors about policy changes or supply disruptions lead to panic buying.
8. Infrastructure Deficiencies
Nigeria’s infrastructure issues exacerbate supply chain inefficiencies:
Port Congestion: Delays at ports affect the timely import of production inputs.
Storage Facilities: Limited storage for raw materials and finished goods contributes to supply shortages during peak demand periods.
9. Global Economic Trends
External events like the COVID-19 pandemic and the Russia-Ukraine war have disrupted supply chains and increased the cost of key production inputs like gypsum and coal, amplifying local price instability.
10. Security Challenges
Security concerns, particularly in mining regions, affect raw material availability and increase risks along distribution routes, inflating overall costs.
Current Cement Prices in Nigeria (Week Overview)
| Cement Type | Price (₦ per 50kg bag) |
|---|---|
| Dangote Cement | ₦9,400 (varies by location) |
| BUA Cement | ₦7,700 |
| POP (Plaster of Paris) Cement | ₦9,700 |
| Lafarge Waterproof Cement | ₦8,900 |
| Water Shield High-Quality Cement | ₦12,000 |
Recommendations for Addressing Price Instability
A multi-pronged approach is essential to stabilize cement prices and ensure sustainable growth in Nigeria’s construction and real estate sectors:
Improve Infrastructure: Upgrading roads, ports, and storage facilities will reduce transportation and logistical costs.
Foster Competition: Encourage new entrants by reducing capital barriers and revisiting import restrictions to increase supply options.
Stabilize Exchange Rates: Strengthening the naira through sound fiscal policies will lower the cost of imported inputs.
Enhance Energy Supply: Investing in reliable electricity infrastructure will reduce reliance on expensive generators.
Regulate Taxes and Levies: Introducing tax reliefs for cement manufacturers can reduce production costs and lower market prices.
Without these interventions, cement prices in Nigeria are likely to remain unstable, posing significant challenges to the nation’s development agenda.
News
Nigerian military authorities place N60m bounty on two most wanted bandits, expose ISWAP commanders
The Nigerian military has unmasked several senior commanders of the Islamic State West Africa Province (ISWAP) following what it described as a major intelligence breakthrough during ongoing counter-terrorism operations in the Lake Chad region of Borno State, placing a combined ₦60 million bounty on two of the group’s most wanted leaders.
The development came after troops of the Headquarters Joint Task Force (North East), Operation HADIN KAI, recorded a series of successful offensives against ISWAP terrorists operating in northern Borno, leading to the recovery of critical intelligence materials that exposed the identities, operational locations and command structure of several high-ranking insurgent leaders.
Acting Military Information Officer of Operation HADIN KAI, Captain Mohammed Goni, said troops recovered several technical devices and other high-value intelligence materials, including a camcorder allegedly used by the terrorists to produce propaganda videos and document their operations.
According to him, forensic exploitation of the recovered devices generated actionable intelligence that enabled security forces to identify terrorist hideouts and several senior ISWAP commanders operating within the Mangari–Metele–Dogon Chukun axis along the fringes of the Lake Chad Basin in Abadam and Kukawa Local Government Areas of Borno State.
The military subsequently released photographs of dozens of identified ISWAP leaders and field commanders in a public appeal for information capable of leading to their arrest.
A large intelligence poster bears the inscription: “Most Wanted ISWAP Leaders – We Know Them. You Can Stop Them. These are known ISWAP terrorists and commanders operating in our communities. Your information can save lives and help restore peace.”
The poster contains photographs and aliases of at least 38 suspected ISWAP commanders and fighters believed to be active across northern Borno and the Lake Chad region.
News
Jerry Falade loses $2m book deal over AI allegations
A Nigerian author Jerry Falade has lost a publishing deal worth more than $2 million after concerns emerged that artificial intelligence may have been used in writing or editing his debut crime novel, Call Me, I’ll Hide the Body.
The novel, scheduled for publication in 2028, sparked a bidding war involving 14 publishing houses, with Macmillan U.S.‘s Minotaur imprint reportedly securing the rights.
However, Falade’s literary agents later withdrew the manuscript, saying they could no longer verify that AI was not involved in its creation.
In an email to publishers, the agents said they initially trusted Falade’s assurance that the manuscript was written and edited without AI, but later concluded they could no longer authenticate how it evolved from its original draft to the final version.
Marc Gerald of Europa Content, which handled the U.S. auction, said an editor first raised concerns about possible AI use. Although the agency initially accepted Falade’s explanation without using AI-detection software, it cut ties with the author on July 29 after saying aspects of his account had changed.
Falade has denied using AI, arguing that Black authors are unfairly subjected to such allegations when their work gains international attention. He noted that some white authors have openly acknowledged using AI without facing similar consequences.
He also referenced U.S.-based Black authors Mia Ballard and HM Wolfe, who lost publishing deals earlier this year over similar claims. Falade added that AI-detection tools are known to produce false positives and maintained that publishing professionals who reviewed the manuscript would have identified any genuine misuse of AI.
News
Osun guber: Your uncle will soon become jobless get him one – Uzodimma mocks Davido
Imo State Governor and Chairman of the All Progressives Congress (APC) National Campaign Council for the Osun governorship election, Hope Uzodimma, has responded to singer David Adeleke, also known as Davido, over comments made ahead of the August 15 governorship poll in Osun State.
According to a report by Premium Times, Davido, while addressing supporters in his capacity as head of the youth campaign mobilisation team for Governor Ademola Adeleke, alleged that a politician from Imo State was planning to interfere in the Osun governorship election.
Although the singer did not mention any name, he alleged that the politician intended to use the election as a political battleground to prove a point and urged the individual to allow the people of Osun State to freely choose their preferred candidate.
Reacting in a statement issued on Wednesday by his Senior Special Assistant on Electronic and Creative Media, Ambrose Nwaogwugwu, Uzodimma said Davido’s appeal was misplaced and should instead be directed to the people of Osun State, who would ultimately decide the outcome of the election through their votes.
The governor maintained that, as Chairman of the Progressive Governors’ Forum and the APC National Campaign Council for the Osun election, he had consistently advocated a peaceful, free and credible electoral process.
Uzodimma also stated that the APC would continue to appeal to the conscience of Osun voters to support and elect the party’s governorship candidate, Asiwaju Munirudeen Bola Oyebamiji.
He further claimed that many voters in Osun were prepared to vote out Governor Ademola Adeleke over what he described as the administration’s failure to fulfil its campaign promises.
According to him, indications across the state suggested that a significant number of voters had rejected the current administration and were ready to embrace a new direction by voting for the APC in the August 15 governorship election.
Uzodimma also advised Davido to focus on preparing his uncle for life after office rather than making emotional appeals, insisting that the electorate appeared ready to support the APC candidate.
The Imo governor added that the singer should consider employing Governor Adeleke as a dancer in his music band after the election, expressing confidence that the governor could be out of political office after the governorship poll.
-
News22 hours agoFG Reopens Portal For Nigerians To Obtain N50,000 Grant(See how to apply)
-
News22 hours agoJust in: WAEC releases 2026 WASSCE results as girls top boys in Maths, English
-
News20 hours agoHow I was scammed, businessman who paid N400m to embattled PFIPC DG Adeyemi tells HoR C’ttee
-
News23 hours agoJust in: Nigerian Army Nabs Two Soldiers Who Acted As Bouncers At Peller’s Wedding In Lagos
-
News16 hours agoConfusion as three kids found dead in female witch doctor’s apartment
-
Economy23 hours agoSee Black Market Dollar To Naira Exchange Rate Today 5th August 2026
-
News7 hours agoFG Sets Aside N2.47tn For 124 Strategic Road Projects In 2026 Budget
-
Entertainment7 hours ago‘I No Send Your Father’ — Charly Boy Addresses Gay Rumours

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login