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Nigerian Cement Prices: As of June 2024, the price of a 50kg bag varies from ₦8,500 to ₦15,000 depending on location and brand.
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Factors such as brand reputation, transportation costs, market dynamics, government policies, and production costs influence these fluctuations.
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Current prices for major cement brands in Nigeria range from ₦6,850 to ₦11,000 per 50kg bag.
EKO HOT BLOG reports that in Nigeria, the price of a 50kg bag of cement varies widely depending on location and brand, ranging from ₦8,500 to ₦15,000 as of June 2024.
On average, most states see prices between ₦8,500 and ₦10,000, but in Abuja, prices can soar to ₦15,000.
Numerous factors contribute to this fluctuation. Brand reputation plays a significant role, with well-established brands like Dangote and BUA commanding higher prices due to perceived quality. Transportation costs, particularly to remote areas, also contribute to the overall price.
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Additionally, market dynamics such as supply and demand, seasonal variations in construction activity, and economic factors like inflation and exchange rate fluctuations further influence cement prices.
Moreover, government policies, such as import duties and regulations on cement production and sale, can affect prices.
Changes in production costs, including variations in the cost of raw materials and energy, also play a role.
Competition among different cement brands in the market can lead to price adjustments as well.
In this article, has deemed it fit to state the current price range of cement in Nigeria this week.
Price Of Dangote Cement
The current price of Dangote cement varies from ₦8,000 to ₦8,500 per 50kg bag, depending on the location.
Price Of BUA Cement
The retail price of BUA cement in Nigeria is between ₦6,850 to ₦7,500.
Price Of Ibeto Cement
The new price of Ibeto cement in Nigeria ranges between ₦7,800 to ₦8,500.
Price Of Lafarge Cement
The new Lafarge cement price in Nigeria is between ₦7,500 to ₦8,000.
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Price Of UNICEM Cement
The price of UNICEM Cement ranges between ₦8,000 and ₦8,500, depending mostly on the location of purchase.
Price Of POP Cement
The price of POP Cement is ₦11,000.
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