Group announces N300 reduction in cement price to boost consumption
As part of its efforts to stimulate consumption of cement in Nigeria and to increase exports, Dangote Cement has slashed cement price by N300.
According to information made available to the Nigerian Stock Exchange (NSE), yesterday, in Lagos, Dangote Cement would reduce the price of its market-leading 3X brand of cement in Nigeria by N300 per 50kg bag, or N6,000 per tonne. The new price will become effective immediately.
Speaking on development, Chief Executive of Dangote Cement, Onne van der Weijde, said: “Our cost-saving initiatives in Nigeria have enabled us to cut the price of cement to a level that is good for consumers yet still allows us to achieve strong returns that are sustainable in the longer term"
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
You should avoid boat rides for these 5 reasons
How to save a life by doing CPR during an emergency
Avoid these 3 common mistakes when cooking fried rice
Okin biscuits and 9 other snacks millennials loved as children
3 reasons most airplanes are painted white
How 1 woman became first lady of 2 different countries — she married 2 presidents
How parents, teachers can recognise when a child is being bullied
It's illegal to publicly celebrate your birthday in this country