Nigerians Groan as Cement Price Hits New High Amid Inflation
The price of cement in Nigeria has risen to a new high of between N9,000 and N9,500 per 50kg bag in some parts of the country, despite a price slash by one of the manufacturers.
The price of cement in Nigeria has risen to a new high of between N9,000 and N9,500 per 50kg bag in some parts of the country, despite a price slash by one of the manufacturers. The price hike cuts across manufacturers, and the periodic increase in the product's price has made retailers halt sales, fearing that manufacturers might increase prices soon. The increase in the price of cement is primarily caused by the biting effect of inflation in Nigeria, which has risen to its highest level in 17 years.
The price hike has made it difficult for developers to cope, and the periodic increase in the product's price has made retailers halt sales, fearing that manufacturers might increase prices soon. The periodic increase in the product's price has made retailers halt sales, fearing that manufacturers might increase prices soon. The Philippines, the largest importing country, is expected to continue imposing temporary anti-dumping taxes on Vietnamese cement products.
Meanwhile, strict markets such as Europe have implemented carbon emission reduction mechanisms. Thus, the association urged businesses to push trade promotion activities to access more export opportunities.
