Dangote Cement reduces prices in Nigeria
Published by Katherine Guenioui,
Editor
World Cement,
According to reports, Dangote Cement has cut cement prices in Nigeria by N300 per 50 kg bag or N6000 per tonne, effective immediately. An announcement was made to the Nigerian Stock Exchange on 3 September. The price cut is relevant to the 3X cement brand, which is a market-leader.
In addition to the new pricing announcement, the company is said to be planning new marketing initiatives to help stimulate growth in Nigeria’s building sector.
Dangote Cement decreased cement prices in November, but had to increase them again in December to protect profits in the wake of fuel shortages, logistics problems and the devaluing naira.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/africa-middle-east/04092015/dangote-cement-reduces-prices-in-nigeria-500/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
