The warning follows the recent increase in the price of a 50kg bag of Dangote Cement to more than ₦15,000 in some locations, despite an ongoing investigation by the Federal Competition and Consumer Protection Commission (FCCPC) into pricing practices in the industry.
FCCPC says Nigeria’s cement prices may not be fully explained by production costs and market conditions.
A 50kg bag of cement reached as high as ₦15,000 in some Nigerian markets, compared with about ₦7,344 in Kenya and ₦9,180...
By April 05, (THEWILL) — The three leading cement manufacturers in Nigeria – Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc – achieved a total post-tax profit of N1.64 trillion in 2025 against N672.28 billion in 2024...
August 11, (THEWILL) – Dahiru Mangal, the billionaire businessman who serves as the founder and chairman of Max Airline is poised to take a revered spot in Nigeria's cement industry alongside Africa's richest man, Aliko Dangote and Abdul...
Joseph Obele, National Public Relations Officer of PETROAN, made the call in a statement on Thursday, arguing that increased domestic refining would strengthen supply and reduce Nigeria’s dependence on imported petroleum products.