Breaking News
BREAKING NEWS: Latest Price Of Bag Of Dangote, BUA, Other Cement Emerges For The New Week
Concerns As Price Of Bag Of Cement Hit New High Amid Tinubu Govt’s Reforms
The Nigerian cement market appears to be settling into a clear pricing band, with major producers selling at roughly the same rate, though one northern competitor shows a slight variation.
Market checks by Naija News on Sunday show that Dangote Cement sells for ₦10,000 per 50kg bag, while BUA Cement also maintains ₦10,000, while Mangal Cement lists its product at ₦9,800, making it ₦200 cheaper than the market leaders.
Key factors affecting cement pricing in Nigeria
Here are the dominant cement price influencers today:
1. Energy and fuel costs
Plants depend heavily on energy.
Gas, coal, and diesel pricing directly push production costs upward.
Frequent petrol scarcity indirectly spikes diesel prices, increasing manufacturing overheads.
2. Transportation (haulage)
The cost of moving cement from the factory to distributors affects the final retail price.
Bad roads increase truck maintenance costs, slowing delivery trips.
Higher diesel expenses passed to haulage operators raise delivery charges.
3. Import and port logistics
While Nigeria produces most of its cement locally, machinery and industrial parts are often imported.
Clearing costs at ports and fluctuating customs rates affect the cost of maintenance.
FX scarcity makes replacement parts for imported plant equipment more expensive.
4. Exchange rate volatility
Cement manufacturers pay for gas, industrial lubricants, plant maintenance tools, imported equipment, and truck spare parts using dollar-linked pricing.
When the Central Bank of Nigeria’s rate shifts, production cost shifts with it.
5. Raw materials availability
Limestone, gypsum, fly ash, and laterite locations relative to cement plants affect the cost of extraction.
Areas with long distances from mines see higher input costs.
6. Market demand and seasonality
Prices climb during peak construction periods, like:
Dry season building boom.
Fourth-quarter housing rush.
Government infrastructure budget releases.
7. Government policies and levies
Taxes, road usage levies, environmental compliance fees, and state royalties contribute to price buildup.
8. Production efficiency
Companies that optimize operations better can shave cost.
This gives regional producers like Mangal a slight advantage in pricing.
Breaking News
BREAKING: EFCC Seals Malami’s Residence, Housing Buhari’s Daughter and Third Wife
Operatives of Nigeria’s anti-graft agencies on Wednesday ening cordoned off the residence of a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, in what sources describe as a major escalation in an ongoing high-profile corruption investigation.....TAP TO CONTINUE READING
Authoritative sources told PRNigeria that several enforcement vehicles of Economic and Financial Crimes Commission (EFCC) and armed operatives were deployed to the residence linked to Malami, where Nana Hadiza Buhari, his third wife and daughter of former President Muhammadu Buhari, is reported to be present.
The operation comes amid Malami’s continued detention by the EFCC over a wide-ranging investigation bordering on alleged corruption, money laundering, terrorism financing, and controversies surrounding the management of recovered Abacha loot, including inquiries into multiple bank accounts and suspicious financial transactions allegedly traced to his tenure in office.
Malami, who served as Nigeria’s chief law officer from 2015 to 2023, married Nana Hadiza Buhari in July 2022 in a private ceremony held at the Presidential Villa Mosque, Aso Rock, during the final year of the Buhari administration. She is the former president’s third daughter.
EFCC officials have maintained that although Malami was previously granted administrative bail, the bail was effectively revoked after he allegedly failed to meet key conditions attached to it. The commission insists that he remains in lawful custody pending further compliance and extended interrogation.
The agency’s decision to move operatives to Malami’s residence marks a significant intensification of the probe, which has dominated national discourse and reignited debate over the scope, independence, and methods of Nigeria’s anti-corruption institutions—particularly when investigations involve politically connected figures.
As of the time of filing this report, neither Malami’s legal team nor representatives of the Buhari family had issued an official statement regarding the siege.
EFCC spokespersons also declined to comment on operational details, citing the sensitivity of ongoing investigations.
PRNigeria will continue to monitor developments and provide updates as more facts emerge.
Details later…
Breaking News
I Killed Retired Delta State Judge In Order To Steal Her Phones – Says Security Guard
The 25-year old prime suspect in the murder of the retired Delta State Judge, Justice Ifeoma Okogwu, has confessed to have killed the judge in order to steal her phones and power bank just one week after he was employed as her security guard.....TAP TO CONTINUE READING
P.M.EXPRESS reports that the suspect, Godwin Mngumi, made the revelation after he was paraded by the Delta Police Command.
He disclosed how he engaged two others to dispossess the deceased of the items including a wristwatch, jewellery and a power bank.
While fielding questions from the Police spokesperson of the command, SP Bright Edafe, the suspect said he had just been employed as a security guard at the residence of the deceased when he committed the crime.
He noted that the period of his employment as “a week plus”, meaning he had spent less than two weeks before he murdered her.
“We did not plan to kill her; we only planned to take her phone. When we went there, we tied her hands and her legs. We took her phone, wristwatch, necklace and power bank,” he said.
The retired judge had two phones, and according to Mngumi, his accomplice, Nnaji Obalum, 21, kept the “big phone” — a Samsung — while the “small one” was sold for an undisclosed amount.
Obalum was also paraded alongside the prime suspect, and he admitted to have been arrested with the phone.
“The Samsung phone was found with me. I put my SIM inside,” he said.
Both suspects claimed to have regretted their actions and desired to be forgiven.
Edafe, who shared the footage of this engagement via his X (formerly Twitter) handle, further noted that the last of the three suspects are still at large.
He went on to encourage residents of the state to scrutinise prospective employees before granting them access to their homes.
He stated that the suspects will be charged before the Court for the alleged murder under the Criminal Law of the State, which attracts life imprisonment but that will be after the conclusion of investigations by the Police.
Breaking News
Senator Ireti Kingibe Dumps Labour Party, Joins ADC
The lawmaker who represents the Federal Capital Territory (FCT) in the Senate, Senator Ireti Kingibe has formally defected to the African Democratic Congress (ADC).....TAP TO CONTINUE READING
Naija News reports that the lawmaker’s official registration with the opposition party is scheduled for Thursday (today) at the ADC national headquarters in Wuse, Abuja.
This was confirmed in a statement released on Wednesday by the Senator’s media aide, Kennedy Mbele.
He stated that the move marked Kingibe’s exit from the Labour Party (LP) and her entry into the ADC.
The statement noted that the registration ceremony will be attended by senior party officials, ADC candidates contesting the February 21 FCT area council elections, party supporters, and members of the media.
“Kingibe’s bold step of joining the ADC makes her the only serving senator in the new but vibrant opposition party,” Mbele said.
-
Breaking News3 months agoWorld’s Youngest Undergraduate is Nigerian JOSHUA BECKFORD, gained admission in Oxford University at the age of Six years
-
Breaking News1 month agoJUST IN: Finally United States President Donald Trump Revokes 80,000 Visas of Nigerians, Other Foreign Nationals
-
Breaking News3 months agoBREAKING NEWS: Woman in Trouble For Burning 7-year-old Girl’s Private Parts With Hot Knife
-
Breaking News3 months agoBREAKING NEWS: FULL DETAILS! Top Secret Leaked Why SIM Fubara Fails to Return to Government House After Reinstatement
-
Breaking News1 month agoBREAKING NEWS: Nigerian Billionaire Lawmaker Ned Nwoko, Orders Arrest of His Mother In Law Regina Daniels’ Mother, Rita
-
Breaking News3 months agoBREAKING NEWS: Federal Government Releases Proof of N25,000 Cash Transfers to 71 Million Nigerians in 8.1 Million Households
-
Breaking News3 months agoBREAKING NEWS: Another Rivers Saga: Just Reinstated Fubara Told to Sack All Sole Administrators Appointees, Seek Tinubu’s Assurance Over Impeachment
-
Breaking News3 months agoBREAKING NEWS: Finally Department of State Services (DSS) summons Sowore over post on Tinubu
