United Cement Company of Nigeria (Unicem) has decided to reduce the price of its 32.5 cement grade by NGN125, Bukola Adebisi, technical service engineer of the company, announced.
The move comes again the backdrop of recent price reductions in the country, according to the company. “Incentives are on ground currently for the dealers and with the current atmosphere of cement prices, UNICEM management has adequately responded by reducing the price of its 32.5 cement grade by N125/bag," Adebisi said.
Last week, the country's largest producer Dangote Cement announced a price cut of NGN100 (US$1)/50kg bag for its 42.5 grade. Moreover, the company said it would launch its premium 32.5 cement grade at NGN200/bag lower than 42.5 grade to ensure consumers would not be paying more for lower grade as is presently the case.
