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BUA Group, on Sunday, announced a reduction in the price of cement from N5,000 per bag to N3,500. The development, DAILY POST observed, is already

Nigerian tweeps have called out Africa's richest man, Aliko Dangote, who is also the President of the pan-African conglomerate, the Dangote Group, to emulate fellow businessman, Samad Rabiu, and reduce the price of cement to N3,500 per bag.   As a gesture of goodwill, the Management of BUA Cement, founded by Rabiu, who is also the chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, on Sunday announced the reduction of ex-factory cement price to N3,500 per bag, which he said will take effective from Monday, October 2, 2023.  

BUA Cement PLC has announced the reduction of the price of its cement to N3,500 per bag from about N5,000.   This new price regime takes effect from Monday, October 2, 2023, a statement released on Sunday and signed by the management said.   This development comes a few days after its rival, Dangote Group denied claims making the round that it reduced the price of cement to N2,700 per 50-kilogramme bag from N5,500.   Anthony Chiejine, the spokesperson for Dangote Group, told DAILY POST last Monday that the news was fake news.

Dangote calls price slash rumours ‘fake news’

Dangote Group has denied claims making the round of reducing the price of Cement to N2,700 per 50-kilogramme bag from N5,500. Anthony Chiejine,