FCCPC Accuses Cement Makers of Price Manipulation

FCCPC Accuses Cement Makers of Price Manipulation

Nigeria’s competition watchdog has accused local cement manufacturers of manipulating market prices despite holding massive production surpluses. The Federal Competition and Consumer Protection Commission uncovered the price distortion following a three-month cross-border investigation. Retail prices for a 50-kilogramme bag climbed from roughly 9,500 naira in January to 15,000 naira by July. The price surge occurred…

Read Full News
Dangote Proposes 650,000bpd Refinery for East Africa

Dangote Cement Promises Surplus by 2030

  Dangote Cement Plc has formally reaffirmed its commitment to securing total self-sufficiency for the African construction sector by the end of this decade. During a strategic briefing in Lagos, the Group Managing Director, Arvind Pathak, detailed an aggressive roadmap to bridge persistent supply gaps. The company currently targets a massive production capacity of 90…

Read Full News