A bag sells for N3,700 in Abuja, N4,500 in other places
Checks by Daily Trust shows that a bag of cement sells for N3,700 in Abuja and N4,500 in other parts of the country. This is even as the raw materials used in its production are available in the country.
Nigeria is said to be the largest manufacturer of cement in West Africa, and arguably in Africa, yet the price of this essential commodity in the construction and building industry has continued to rise, especially this year.
A recent market survey by Daily Trust in Abuja, Nasarawa, Kaduna and Niger states revealed that a 50kg bag of cement rose from N2,600 to N3,100 in late November, 2020.
Mines minister discusses with cement players strategies to simplify mining leases transfer
SECTIONS
Last Updated: Dec 15, 2020, 05:41 PM IST
Share
Synopsis In my meeting today with representatives from Cement Manufacturers Association, deliberated on initiatives to boost ease of doing business. Discussion was also held on strategies to simplify transfer of mining leases and promote exploration and mining activities, Joshi said in a tweet.
Section 10A(2)(b) deals with leases where reconnaissance permit or prospecting licence were granted while 10A(2)(c) relates to grant of mining leases.
New Delhi: Union Coal minister Pralhad Joshi on Tuesday held a meeting with representatives of cement manufacturers and deliberated on strategies to simplify transfer of mining leases and promote exploration and mining activities. The meeting assumes significance in the wake of government earlier stating that the distinction between captive and non-captive mines will be removed to allow the
Based on recent reports from experts, the near-term outlook for the cement industry may be challenging due to pricing pressures, probe initiated by the Competition Commission of India (CCI), Covid-19 situation amongst other factors , , cement, competition commission of india
Price cartelisation charge: CCI raids major cement cos
The Cement Manufacturers Association in India (CMA), the apex body of large cement manufacturers in India, was raided as well by officers of the investigative arm of the CCI, a source said. Updated: December 11, 2020 5:03:31 am
ACC disclosed in a regulatory filing that the CCI had launched an investigation into the company along with other cement companies.
Antitrust body, the Competition Commission of India (CCI), on Wednesday raided the offices of top cement manufacturing companies, including UltraTech Cement, Shree Cement, Ambuja Cement, ACC, Dalmia Cement, and Rockstrong Cement, over allegations of price coordination and collaborating levels of cement supply, The Indian Express has learnt.
Builders Association of India (BAI) statement comes after Competition Commission of India launched raids against LafargeHolcim, parent firm of ACC and Ambuja Cements, as well as on Aditya Birla group firm UltraTech Cement and Shree Cement.