Cement News tagged under: Market News
BUA's pricing strategy comes sunder scrutiny amid Nigerian housing deficit02 September 2024, Published under Cement NewsBUA Cement ’s pricing strategy has come under scrutiny as part of the ongoing debate over high cement prices in Nigeria. Abdul Sam Rabiu, chairman of BUA Cement, addressed the issue at the company’s 8th annual general meeting in Abuja, Nigeria. He attributed the escalating cement prices to middlemen, who have been selling cement at bag prices far above the intended NGN3500 (US$2.19), with some selling for as much as NGN8000. Mr Rabiu noted, “We were selling cement at NGN3500 with the ... |
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