Why BUA Group crashed cement price from N5.500 to N3,500

  • BUA Group has announced a reduction in its cement from the current N5,500 to N3,500 per bag
  • The company revealed that the move follows its earlier promise to reduce its prices
  • BUA stated that the reduction affects its ex-deport price and would become effective October 2, 2023

In what analysts say is a brewing cement war in Nigeria, the BUA Group has taken a significant step in crashing the price of their cement from N5,500 to an ex-factory price of N3,500 per bag.

The company announced the development in a statement on Sunday, October 1, 2023, stating that the new price takes effect from Monday, October 2, 2023.