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
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.