Posted 3/9/2024, 1:51:55 PM
Cement Prices Drop to N8K-N9.5K per Bag in Northern Nigeria after Government Action
- Cement prices have dropped in some northern Nigerian states to between N8,000 - N9,500 per bag following government intervention
- Top cement brands like Dangote, Lafarge, and BUA now sell cement at similar prices of N8,000 - N9,500 per bag
- Cement prices have declined in Abuja, Niger, and Nasarawa compared to prices above N13,000 per bag previously
- Traders say prices could drop further as manufacturers, wholesalers, and retailers play a role in setting final prices
- A Kaduna cement seller refunded a customer N400 per bag after reducing the price by N400 shortly after the sale