Just a few days ago, Dangote came under attack from Nigerians when a report emerged that Dangote cement is sold for N1,800 in Zambia but sells for N3,500 in Nigeria.Nigerians were paranoid when the report was made, and concluded that Dangote is exploiting Nigerians.The report said that Dangote cement is relatively high in Nigeria as compared to other countries, especially Ghana and Zambia.
1) Dangote Cement increases capacity to meet demand surge Dangote Cement Plc has reached the decision to raise capacity by more than a third to meet escalating demand of cement as Nigerian economy recovers, the decision was made in response to the growing demand of cement.Speaking on the decision, the Group Executive Director at Dangote industries Ltd, Edwin Devakuma, told Bloomberg via the phone yesterday as follows: "We are expanding capacity from about 50,000 tons a day at the beginning of the year to 70,000 tons a day at the end of the year,” He explained that the company has already begun the reactivation of idle capacity in the past months at it's Gboko plant in Benue State, as a result of a 40 percent increase in demand in Nigeria.
The price of cement in Nigeria has always been an issue of debate because of its high level of demand.Many Nigerians often complain about the price of cement.Some Nigerians have even pleaded with the federal government to do something concerning the price of cement in Nigeria.
The price of cement in Nigeria has been rising surprisingly since during Christmas last year 2020 which that cause an increase of poverty among poor family.When the price of cement drops, many people will start building their house which that will Indubitably make the money go through people's hands but, when the pricd increase, everyone will stop buying the cement thinking that it may fall down in the near future.
The management of Dangote Cement Plc has made it known yesterday that the price of cement in Nigeria is lower than it price in other countries.They said the price of a bag of Dangote Cement from factory was between Two thousand, four hundred and fifty naira (#2,450) in Gboko and Obajana and Two thousand, five hundred and ten naira (#2,510) in Ibese, Tax inclusive.
Dangote Cement Finally Reveals Why A Bag Of Cement Is Sold For N3,500 In Nigeria, See What They Said
Nigerians have reacted in disbelief over the sale of bags of cement which is the most important in building their houses.A major industry which has taken over the market over the years is Dangote Cement Plc and according to news reports, it owns 60% of the shares in Nigeria leaving 40% for other cement industries.
It should be recalled that days ago Dangote group came under heavy criticism over allegation that the company was selling cement in Nigeria at higher price when compared to how he is selling same products in some other African countries.Reacting to the allegation, the Management of Dangote Cement Plc has rubbished the insinuation, disclosing that that the price per bag from the factory was between N2,450 in Onajana and Gboko, and N2,510 in Obese including VAT.
Dangote Plc Finally Reveals Why Price of Cement in Nigeria Is Different From Other African Countries
Not long ago, some news was circulating in Nigeria that a bag of Dangote cement is more costly in Nigeria compare to countries like Ghana and Zambia.And this news was so depressing to many Nigerians who felt they were been cheated by Dangote Cement Plc after the price shows that Nigerians pay more money than most African countries when buying a bag of cement even though the owner of the group is a Nigerian.
We Have No Control Over Cement Prices- Dangote Dangote Cement Plc on Monday debunked claims that it was the main force behind the sharp increase in the retail price of cement, saying it has no control over the industry price and retail price of cement.The management of Dangote Cement said the factory price of a bag of cement across Nigeria as at Monday was N2,450 in Obajana and Gboko, and N2,510 in Ibese, inclusive of Value Added Tax (VAT).
Today's Headlines: I Don't Control Prices of Cement- Dangote says, Bandits Demands N10m Ransom For Pastor
"I Don't Control Prices of Cement"- Dangote Laments Nigerian Billionaire, Aliko Dangote has come under fire recently as reports disclosed that he sell cement for a much higher price in Nigeria compared to the price he sells the same products to other countries.Nigerians did not react well to this news and they expressed their disappointment on hearing this news.
1.Dangote Cement: Dangote Cement is Africa`s leading Cement producer with operations in 10 African countries.Dangote Cement PLC is Nigerian multinational publicly traded cement manufacturer headquarter in Lagos.Aliko Dangote, who is the wealthiest man in Africa.
We all know the current price situation of cement in Nigerian and these have made it difficult for the material to be purchased.However, the management of Dangote cement plc has said that the current price of cement was between N2450 and N2510 in Ibese.The clarification was made as a result of some accusations made against them for selling cement at a cheaper rate to other countries than in Nigeria These clarifications were made by the Dangote group executive director strategy, portfolio, and projects Devakumar Edwin with the journalist in Lagos state.
Do You Know That Cement Is Cheaper In Nigeria Than Ghana and Zambia? - Dangote Cement Breaks Silence
Good morning, ladies and gentlemen.I welcome you all to this page, today we will be discussing about the current price of cement as shared by Dangote group of companies.Cement is an essential commodity used in building Houses, shops and Warehouses.Civil Engineers use it often for construction of roads.
For some time now people have been reacting about the price of Dangote cement being high in Nigeria than other African countries like Zambia and Ghana, even when the company is located in Nigeria.Reacting to the rumors, the Management of Dangote Cement Plc, has clarified that the cost of a bag of cement from its factory in Ibese is N2,510 and N2,450 in Obajana and Gboko.
As at November 2020, these are the most capitalized companies in Nigeria Stock Exchange, the list is made of manufacturing firms, banks and brewery companies. Dangote Cement N3.4trillion.: Dangote cement plc is an indigenous publicly traded cement manufacturing company in Nigeria, the company is widely known in the area of preparation, import, packaging and distribution of cement, Dangote group has plants or import terminals in 9 other African countries. As at November 2020 Dangote cement is the most capitalized
Stock market gains N1trn in two days. Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week. The bears have continued to strengthen its holds on the equities market following the fallout of reduction in interest rate in the money market by the Central Bank of Nigeria, CBN, previous week, and buy pressure on big capitalised stocks. Consequently, the market soared
Dangote Cement Plc's management stated yesterday that the price of its commodity per bag from the factory was between N2,450 and N2,510 in Obajana and Gboko, and N2,510 in Ibese, all inclusive of VAT.Recent allegations that the company sells cement in Nigeria at significantly higher prices than in other countries, especially Ghana and Zambia, prompted the clarification.
Dangote Set To Make 1,035 Millionaires Within 16 Weeks (See How To Be One Of The Lucky Millionaires)
At mention of Nigeria's Aliko Dangote, what comes to your mind ? A businessman or Africa's richest man ? Well.... Whatever comes to your mind, you might want to include "philanthropist" to the list. Dangote has proven the fact that givers indeed never lacks, how much you inject into others lives doesn't stop or slow your wealth but rather develops it. In this light The Dangote cement has made it part of it plan to make some of her lucky customers millionaires. And is expected to produce 1,035 millionaires within
Dangote Cement Gears Up To Turn 1,000 Consumers Into Millionaires With National 'Pack of Goodies' Promotion July 20, 2020 In a transition to enable its buyers to financially win extraordinary prizes, African concrete mixer Dangote Cement Plc has propelled the second period of its advancement to national buyer `` Dangote Bag of Goodies '', which expects to make 1,000 buyers of the bumps. This was revealed during the media question and answer session held in Lagos on Wednesday July 15, 2020. Group Managing
In the wake of the covid-19 pandemic, many have been weakend and impoverished to the point of total economic collapse in their various lives. As such, many companies including Dangote cement plc have made it a top priority to alleviate the suffering of Nigerians occasioned by the harsh economic impact of covid-19. The company has revealed that 171 millionaires have emerged from it's ongoing "bag of goodies" promo season two. The News agency of Nigeria (NAN) reports that the promo which started in July is expected