- Cement price has risen to a new high of between N9,000 and N9,500 per 50kg bag in some parts of Nigeria
- Findings reveal that the price hike cuts across manufacturers, despite a price slash by one of the manufacturers
- BUA Group Chairman Abdul Samad Rabiu recently announced a slash in the price of the commodity to about N3,500
Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.
In just a week, the price of a 50kg bag of cement has risen to about N9,500 in many parts of Lagos and around the country, primarily caused by the biting effect of inflation in Nigeria.
