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As of present, the retail price of cement in Nigeria is ₦3,600 — ₦3,900 per bag, depending on brand, location, and other factors. And the wholesale price (600 bags) is ₦2,100,000 to ₦2,350,000, depending on the manufacturer.
The average cost of a bag of cement in Nigeria today is between ₦6,000 – ₦8,500 for retail quantities in some states in Nigeria. Price Last Updated: August 5th, 2024. Advertisement.
Even at that, the average cost of a bag of cement in Nigeria today is ₦5,200 for retail quantities and ₦5,000 for wholesale quantities (Trailer load). BUA cement now sells at ₦8,000 as retail price and ₦7,000 as wholesale price per bag: a Trailer or Truck load consists of 600 or 900 bags of cement.
Contents. What Are the Current Prices of Cement in Nigeria? Why Do Cement Prices Fluctuate in Nigeria? How to Get the Best Deals on Cement in Nigeria? Cement is a vital component of construction, and its price can significantly affect the overall cost of building projects.
Despite efforts to stabilize cement prices in Nigeria, the cost of a 50kg bag of cement remains a concern for both consumers and builders. This article delves into the current state of cement prices in Nigeria, highlighting the challenges and market trends impacting affordability.
Within a week, between February 11 and today, the price of a 50kg bag of cement has risen to about N10,500 in many parts of Lagos, Ogun and states across the country, following the biting...
Currently, the retail price of cement in Nigeria ranges from ₦3,600 to ₦3,900 per bag, depending on brand and area. The wholesale price for 600 bags ranges from ₦2,100,000 to ₦2,350,000, depending on the manufacturer.
As of today, a 50kg bag costs between N12,000 to N14,000 depending on your location across the country. The Manufacturers Association of Nigeria has agreed to slash the prices of cement by half to make average Nigerians able to own their homes and to help “bridge the gap between the poor and rich.”.
General. Current Price of Cement in Nigeria Today. By James July 29, 2024. Sponsored Links. In the dynamic landscape of Nigeria’s construction industry, the price of cement fluctuates like a pendulum, adding an extra layer of complexity for consumers.
As of February 29, 2024, the retail price of a bag of cement in Nigeria hovers between ₦10,000 to ₦14,000. Although recent market fluctuations have led to a surge in prices, cement remains a pivotal material despite its relatively higher costs compared to other African nations.