The Nigeria Customs Service (NCS) made it known that it has generated nothing less than N466.1 billion in revenue in the first quarter of this year.The revenue was generated by Customs between January and March.According to the data, NCS made the highest profit in March with N169.4 billion, followed by January with N157.6 billion and generated N138.9 billion in February.
Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing on the Nigerian market.“To ensure that we meet local demands, we had to suspend exports from our recently inaugurated export terminals, thereby foregoing dollar earnings,” he said, adding that the company also reactivated its 4.5 million ton capacity Gboko plant.
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.
Some days ago the leader of the independent people of Biafra, IPOB Nnamdi Kanu came out to say that the African richest man, Aliko Dangote has been so unfair to the nation Nigeria.The IPOB leader Nnamdi Kanu said that the price of cement in the country Nigeria is higher than it is in the other Africa country.
Dangote have been widely criticized for days on social media about the price of cement in Nigeria as compared to other African countries by some people.But recently Daily post revealed that Dangote management group had to clarify that the price of a bag cement from factories around Nigeria is about N2,450 in Obajana and N2,510 from Obese plant with VAT inclusive.
According to Dangote, when cement supply gap is bridged, the price impact will be minimized.He clarified that the price of a bag of cement from its factories and plants across Nigeria is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT Market survey by Nigerian Tribune shows that a bag of cement is selling for between N3,200 and N4,000 in Nigerian cities, depending on locations.
Recently news went round the social media that Dangote cement sells at higher price compared to other African countries where it operate.However the management of Dangote group has said yesterday that the price of Dangote cement per bag from the factory was between N2,450 in Obajan and Gboko and N 2,510 in Ibese inclusive of VAT.
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.
In a recent report by PEOPLES GAZETTE, Dangote Group, a Nigerian multinational industrial conglomerate, founded by Aliko Dangote has disclosed that millions of dollars are lost following the sales of cement in Nigeria.The group added that the rate at which cements are sold in Nigeria is lesser in price as compared to the price of cement in Ghana.
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).
Dangote Group of Company CEO, Aliko Dangote blows hot as he replies Nigerians' claims that his company is making life difficult for his country people.Over the past days there had been some outcry in the social media platforms against the price been paid for Dangote Cement in Nigeria, price ranges from #4000 to #4500 depending on areas meanwhile the cost for the same cement in other African countries is relatively lower than the amount Nigerians pay.
Despite reported inability of many ordinary Nigerians to afford the purchase of just 1 bag of cement in Nigeria due to alleged hike in cement prices, news reports have indicated that the management of Dangote Cement Plc made it known that the price of its 1 bag of cement right from its factory ranged from N2,450 in Obajana and Gboko to N2,510 in Ibese, inclusive of VAT.
According to Dangote Group, they sell cements cheaper in Nigeria than Ghana which is causing them loose dollar earnings focusing on the Nigerian market.The group says that in order to meet local demands, they had to suspend exports from the export terminals they recently inaugurated, so as to forgo dollar earnings.
The prices of Dangote cement in other African countries have been revealed, after Dangote Group says its cement is cheaper in Nigeria than the likes of Ghana and Zambia.According to Dangote Group, there are losing dollar earnings focusing on the Nigerian market, as 50 per cent of their cost are linked to dollar, so the cost of critical components have increased due to the devaluation of Naira.
The founder and Chairman of Dangote Group of Companies, Aliko Dangote, has been under attack in recent weeks by fellow Nigerians for selling his cement higher to Nigerians compare to the amount he sells to other neighbouring countries.Those who criticised Dangote for selling cement too cost in the country were of the opinion that Dangote supposed to consider the fact that he made his wealth in Nigeria, and his cement companies are in Nigeria and sell his cement to fellow Nigerians cheaper than what he is selling to others countries in Africa.
If Dangote Is Losing Millions Of Dollars In Nigeria, They Should Concentrate On Other Countries- Man
It was reported few hours ago that Dangote group said that its cement is cheaper in Nigeria than in Ghana, noting that the price of a bag of cement from it's factory was N2450 and N2510.They also made it clear that they are losing millions of dollars to sell cement in Nigeria and a man advised them to close down their operations in Nigeria and focus on other African countries if they are losing money.
Many Nigerians have reacted when many online and paper news media published reports that said Dangote cement is cheaper in other African countries than in Nigeria.Many have considered him the sole problem for consistent hike in prices of items in Nigeria.According to a report by Pulse Nigeria, the management of Dangote cement plc has insisted that the price of cement in Nigeria is lower, compared to many other African countries, such as Zambia, Cameroon, Ghana and others.
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.
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.
The costs of Dangote concrete in other African countries have been uncovered, after Dangote Group says its concrete is less expensive in Nigeria than any semblance of Ghana and Zambia.As per Dangote Group, there are losing dollar profit zeroing in on the Nigerian market, as 50% of their expense are connected to dollar, so the expense of basic parts have expanded because of the debasement of Naira.