increases cement prices

steppe cement increases first-half cement sales in 2021 - cement industry news from global cement

Kazakhstan: Steppe Cement sold 841,000t of cement in the first half of 2021, up by 10% year-on-year from 765,000t in the first half of 2020. Revenues in the period were US$38.8m, up by 22% to from US$31.9m. Average cement delivery prices increased by 11% in the reporting period.

bua finally increases cement price to n3000 - fidelnfo

There has been a surge in the prices of cement across the country as manufacturers try to pass the high cost of production to cash-strapped consumers, who are already battling with poor purchasing power, rising inflation and stuttering economic growth.

In April, the cement maker had issued a statement refuting any claims of an increase in the ex-factory price of its cement products by N300 per bag, stating that the company has no plans to increase prices of its cement now or in the near future.

BUA reiterated its stand that the timing was not right for any increase in the price of major commodities, especially not at this period whilst Nigerians are still trying to recover from the economic consequences brought about by the Covid-19 pandemic especially for a product for which all raw materials are locally sourced, the statement had said.

Also in June, BUA issued another guidance to its distributors titled, No Further Increase in the Price of BUA Cement, where it reiterated that the company does not seek to increase the ex-factory price of its cement in the foreseeable future.

We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of cement are higher than normal, hence our earlier communication not to increase ex-factory prices in the foreseeable future, BUA had said.

As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason(s) why, but would like to make clear BUAs position on a price increase.

The timing is not right for any increase on BUAs part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We therefore urge our distributors not to panic as well as not engage in any arbitrary hike in the retail price of BUA Cement.

The statement reads: Nigerians most especially ardent readers and witnesses of history will not forget in haste many suspicious circumstances that consumed many nationalists. One of the leading and still fresh was the Egba born aristocrat, Moshood Kasimawo Olawale Abiola who died on July 7th, 1998.

But when a child is a slow learner, the parents will have to guide, guard and educate severally before a stable momentum. Silence of the parents at times may be translated to support but not necessarily. Not all children appreciate their parents at the point of moral discipline. Disciplinarians tell the truth to positively shape the childrens future. But when the child tells you your mouth is smelling, you stay back and observe. However, the responsible father will not throw his child away with the bathwater. I say this to let your Excellency understand the position of most Royal Fathers and stakeholders on agitation for Yoruba nation. We warned him.

However, Sunday Adeyemo popularly known as Sunday Igboho earned his popularity as an activist whose joy is to liberate the cheated. He started as such and grew with it. His strategy is not known to me because Im not in his camp. Whenever Ive information about his move, I do call him to order. He visited my palace sometime in 2018. I give pieces of advice when sought. Instead of Igboho to distinctively differentiate between agitation towards government and inter groups activism, he failed.

At a point, he abused stakeholders with spurious allegations. I was the first on the list for drumming support for one Nigeria. As a father, Ive personally forgiven him. And Im personally beseeching your Excellency as the number one citizen of the Federal Republic of Nigeria to demonstrate your magnanimity by forgiven our promising son, Chief Adeyemo Sunday Igboho.

He is a novice in handling issues against the government. He is a gift to us in Yoruba. He has pledged his readiness to listen to us. I appeal to your Excellency to slow down the security trail on Sunday Igboho. I have the assurance adhering to this piece will go a long way in strengthening the unity of Nigeria. I promise your Excellency that Igboho will mind his steps henceforth. He has suffered a lot. He would step down agitations. I will bring him for a peace talk at the appropriate time.

Liberal struggles are won on intelligentsia merit. Arsenals without strategy is a defeated battle. These and many more, I supposed he has learned and ready to mend his way. Nigeria is an indivisible entity that cannot be tore overnight for whatever reason. lets forgive to move on and up. The strength is not only in diversity but also in forgiveness.

We have seen the handwriting. When the government speaks different languages, the wise ruminates and take caution. I commend your efforts geared towards combating crimes, checkmating banditry, and curtailing criminalities and your vigorous fight against corruption. Most importantly, your commitment to infrastructural growth is unequaled. One Nigeria, great future

The statement read in part, Having listened to the detailed defense of Mr. Yomi Fabiyi, who is the Producer/Director of the controversial film Oko Iyabo and his Co-Director, Mr. Dele Matti, the Ethic, Conflict and Resolution Committee hereby found them guilty of professional misconduct and unethical practices.

Although Mr. Yomi Fabiyi insisted that it is his fundamental human right to use his creative talent to produce films that will tell his own account of the trending issue but his Co-Director admitted his fault and regretted his involvement in the film.

TAMPAN pointed out that except the work of art is a Cinema Verite, no one is allowed to use real name(s) of other person(s) in a feature film. Therefore, it is professional misconduct to use real name(s), stories and factual events of person(s) without their consent not to talk of a plot that is denigrating to that person.

His misconducts and unethical practices have impacted negatively on the image and reputation of our association. His Co-Director Mr. Dele Matti having shown remorse and admitted his guilt is hereby suspended for 3months.

SCOAN had at a news conference on June 29 said that July 5 to July 11 would be dedicated for a series of Joshuas laying to rest activities tagged: Celebrating the Life and Legacy of Prophet Joshua (1963 to 2021).

The first Bible reading, taken from First Corinthians 15: 51 57, was taken by Gov. Rotimi Akeredolu of Ondo, after which Bishop Stephen Ogedengbe of the Wisdom of Chapel Ministry explained the passage.

has bua increased cement prices? | nairametrics

According to some of the reports seen by Nairametrics, BUA cement prices increased from N2,800 per bag to N3,000. This prompted Nairametrics to reach out to sources who provide market intelligence on prices of goods and services.

Nairametrics market survey gathered from sellers of the product reveal there are cases of price increases based on stock levels. A reliable source explained it was as a result of the scarcity of the product in the last one week prompting some sellers to increase the price to take advantage of market forces.

Another source informed Nairametrics that a bag of BUA Cement now sells for N3,000, the same price as Dangote Cement. Before now, BUA Cement sold at a price lower than Dangote Cement, but with this price increase, both prices appear to be at par.

Nairametrics also reached out to a representative of BUA Cement who via a phone conversation denied there was any price increase and that there are no plans to increase its prices. BUA had previously reiterated it had no plans to increase cement prices amidst the tough economic situation in the country.

BUA Cement competes directly with Africas largest cement maker, Dangote Cement and often trades jabs on prices, market dominance and growth. Some Nigerians view the competition as beneficial, provided it leads to lower cement prices.

Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [emailprotected]

The price of dangote cement here in Bauchi is 3400 as at last week. Only God knows if it has gone up again. Same price for ashka cement. Those two are what you see here mostly. I am yet to see BUA cement being sold here in Bauchi. They all should take pity on us. From 1800 last year to 3900 then reduced to 3400 now is unbecoming. Help the masses please and reduce prices back to at least 2700 to 3000.

cement prices have increased 29.23%, according to cibao builders

The Association of Housing Developers and Builders of Cibao (Aprocovici) denied Monday that cement maintains the lowest price among construction materials and reiterated that since last February, the product had increased 29.23%.

The entity explained in a press release that the information disseminated attributed to a comparative study by the Costa Rican Chamber of Construction does not correspond to reality, because what is real and verifiable in any hardware store is that, as of today, a bag of cement costs RD$363.

The data disclosed by a newspaper of national circulation where it is stated that cement is kept in the countrys hardware stores 18% lower than the average of other countries, does not correspond to reality, he said.

The Cibao builders revealed that what has to matter is the price behavior of the cement sleeve in the domestic market, which as of 11 January 2020 was being sold at RD$289.99; a year later, the price was RD$354.99 and currently stands at RD$363 per sleeve, which is evidence that from 2018 to date they have increased by 45%.

He dismissed that cement is one of the construction inputs with lower price increases in local currency in the country, which completely distorts the upward price movement that this has developed continuously.

no increase in price of our cement, says bua - vanguard news

One of Nigerias three cement giants, BUA Cement Plc, has said there are no plans to increase the price of its cement for the foreseeable future despite the recent 10% price hike by their main competitor.

Whilst we believe it is the prerogative of any company in a free-market economy to determine the prices of their products as they deem fit, based on their urgent business needs, our position not to increase our own prices is anchored on the following:

u.s. cement price change | statista

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bua finally increases cement price to n3,000

There has been a surge in the prices of cement across the country as manufacturers try to pass the high cost of production to cash-strapped consumers, who are already battling with poor purchasing power, rising inflation and stuttering economic growth.

Reacting to the development, chairman of BUA Group, AbdulSamad Rabiu had repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns.

In April, the cement maker had issued a statement refuting any claims of an increase in the ex-factory price of its cement products by N300 per bag, stating that the company has no plans to increase prices of its cement now or in the near future.

BUA reiterated its stand that the timing was not right for any increase in the price of major commodities, especially not at this period whilst Nigerians are still trying to recover from the economic consequences brought about by the Covid-19 pandemic especially for a product for which all raw materials are locally sourced, the statement had said.

Also in June, BUA issued another guidance to its distributors titled, No Further Increase in the Price of BUA Cement, where it reiterated that the company does not seek to increase the ex-factory price of its cement in the foreseeable future.

We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of cement are higher than normal, hence our earlier communication not to increase ex-factory prices in the foreseeable future, BUA had said.

As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason(s) why, but would like to make clear BUAs position on a price increase.

The timing is not right for any increase on BUAs part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We therefore urge our distributors not to panic as well as not engage in any arbitrary hike in the retail price of BUA Cement.

bua increases price of cement by n200

News Rain Nigeria recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, the company had no plans to increase prices of its cement now or in the near future.

The company, in its statement, had reiterated its stand that the timing was not right for any increase in the price of major commodities, especially not at this period whilst Nigerians are still trying to recover from the economic consequences brought about by the Covid-19 pandemic especially for a product for which all raw materials are locally sourced.

On June 17, 2021, BUA Cement had issued a fresh statement titled No Further Increase in the Price of BUA Cement in response to numerous clarification requests from its distributors and the public that the company does not seek to increase the ex-factory price of its cement in the foreseeable future.

We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of cement are higher than normal, hence our earlier communication not to increase ex-factory prices in the foreseeable future.

As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason(s) why, but would like to make clear BUAs position on a price increase.

The timing is not right for any increase on BUAs part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We, therefore, urge our distributors not to panic as well as not engage in any arbitrary hike in the retail price of BUA Cement, the statement read.

The increase in the companys ex-factory price of cement has generated ripples among distributors, retailers, and consumers across the country, with many wondering at the sudden change of mind of the manufacturer and this volte-face dishonesty.

In a market survey carried out on the price increase, a cement distributor in Kano, Alhaji Sadiq, wondered why BUA Cement changed its cement price, contrary to expectations and its promise. I dont understand why BUA did this increase at this particular time. The chairman of BUA, Abdulsamad Rabiu, personally promised us that his company will not increase the price of its cement. Honestly, this is not good for our business and the industry. This is the biggest scam by any major corporate organisation in the history of this country, he lamented.

Another cement distributor based in Asaba, Delta State Sunday Odogwu, expressed anger at the price increase by BUA Cement, despite all his repeated promises of no further increase in the price of BUA cement.

According to Odogwu, BUA told us several times before in their statements to distributors that they are not ready to increase their cement price. The last notice was just last month in June. Why are they doing this now? It is so not fair, and we are disappointed. Our customers will not understand all this and will be blaming us! This shows total disregard and non-adherence to international corporate governance rules and standards. More importantly, his action shows a total disregard and disrespect for his customers, who over the years from their loyalty and patronage of his cement have in no small measure contributed to his business success.

Initially, we believed the management of BUA as having sympathy for the populace. But this current position is not only deceptive but also portrays the organisation as having a hidden agenda in order to smear competition and gain an unfair market advantage over others in the industry, he added.

bua under fire for increasing price of cement by n200 per bag

Cement distributors in the country are presently fuming over alleged increase of cement price by N200 per bag by BUA Cement Plc, describing such act as the biggest scam by any major corporate organisation in the history of this country,

TheCaveat info reports that the price increase by BUA is contrary to what the company has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns.

It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, the company had no plans to increase prices of its cement now or in the near future.

The company, in its statement, had reiterated its stand that the timing was not right for any increase in the price of major commodities, especially not at this period whilst Nigerians are still trying to recover from the economic consequences brought about by the Covid-19 pandemic especially for a product for which all raw materials are locally sourced.

On June 17, 2021, BUA Cement had issued a fresh statement titled No Further Increase in the Price of BUA Cement in response to numerous clarification requests from its distributors and the public that the company does not seek to increase the ex-factory price of its cement in the foreseeable future.

We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of cement are higher than normal, hence our earlier communication not to increase ex-factory prices in the foreseeable future.

As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason (s) why, but would like to make clear BUAs position on a price increase.

The timing is not right for any increase on BUAs part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We therefore urge our distributors not to panic as well as not engage in any arbitrary hike in the retail price of BUA Cement, the statement read.

The increase in the companys ex-factory price of cement has generated ripples among distributors, retailers and consumers across the country, with many wondering at the sudden change of mind of the manufacturer and this volte-face dishonesty.

I dont understand why BUA did this increase at this particular time. The chairman of BUA, Abdulsamad Rabiu, personally promised us that his company will not increase the price of its cement. Honestly, this is not good for our business and the industry.

Another cement distributor based in Asaba, Delta State Sunday Odogwu, expressed anger at the price increase by BUA Cement, despite all his repeated promises of no further increase in the price of BUA cement.

This shows total disregard and non-adherence to international corporate governance rules and standards. More importantly, his action shows a total disregard and disrespect for his customers, who over the years from their loyalty and patronage of his cement have in no small measure contributed to his business success.

Initially, we believed the management of BUA as having sympathy for the populace. But this current position is not only deceptive but also portrays the organisation as having a hidden agenda in order to smear competition and gain an unfair market advantage over others in the industry, he added.

bua leaves consumers in disappointment, increases cement price

BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend.

It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of an increase in the ex-factory price of its cement products by N300 per bag, stating that, the company had no plans to increase prices of its cement now or in the near future.

The company, in its statement, had reiterated its stand that the timing was not right for any increase in the price of major commodities, especially not at this period whilst Nigerians are still trying to recover from the economic consequences brought about by the Covid-19 pandemic especially for a product for which all raw materials are locally sourced.

On June 17, 2021, BUA Cement had issued a fresh statement titled No Further Increase in the Price of BUA Cement in response to numerous clarification requests from its distributors and the public that the company does not seek to increase the ex-factory price of its cement in the foreseeable future.

We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of cement are higher than normal, hence our earlier communication not to increase ex-factory prices in the foreseeable future.

As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason(s) why, but would like to make clear BUAs position on a price increase.

The timing is not right for any increase on BUAs part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We, therefore, urge our distributors not to panic as well as not engage in any arbitrary hike in the retail price of BUA Cement, the statement read.

The increase in the companys ex-factory price of cement has generated ripples among distributors, retailers, and consumers across the country, with many wondering at the sudden change of mind of the manufacturer and this volte-face dishonesty.

In a market survey carried out on the price increase, a cement distributor in Kano, Alhaji Sadiq, wondered why BUA Cement changed its cement price, contrary to expectations and its promise. I dont understand why BUA did this increase at this particular time. The chairman of BUA, Abdulsamad Rabiu, personally promised us that his company will not increase the price of its cement. Honestly, this is not good for our business and the industry. This is the biggest scam by any major corporate organisation in the history of this country, he lamented.

Another cement distributor based in Asaba, Delta State Sunday Odogwu, expressed anger at the price increase by BUA Cement, despite all his repeated promises of no further increase in the price of BUA cement.

According to Odogwu, BUA told us several times before in their statements to distributors that they are not ready to increase their cement price. The last notice was just last month in June. Why are they doing this now? It is so not fair, and we are disappointed. Our customers will not understand all this and will be blaming us!

This shows total disregard and non-adherence to international corporate governance rules and standards. More importantly, his action shows a total disregard and disrespect for his customers, who over the years from their loyalty and patronage of his cement have in no small measure contributed to his business success.

The President of Dangote Group, Alhaji Aliko Dangote, is passionate about philanthropic work as well appreciative of the peaceful and robust relationship between the company, the state, and the host communities, the director said.

Speaking on behalf of the transport division, the donor of the project, Mr. James Raymond, assured that the division would continue to make life meaningful for the people of the host communities, in line with Dangotes vision.

According to one of the shareholders who preferred anonymity, it is unfortunate that the management and board members of this company have lost it. They have been faking it all along, giving members of the public and customers false confidence as regards cement prices.

Another shareholder who doesnt want to be mentioned in this report, lamented, saying the company has not been true to itself, and all in the name of trying to be competitive, the management and board have prioritised doing business the right way. Come to think of it, they have been attacking their competitors for a while now, criticising their cement price increment, neglecting the countrys economic reality, only for them to now do it. This is the height of hypocrisy, and Im disappointed that people are not talking about it as it should be. Lets even leave cement alone, recently, the company decided to increase its flour price in Kano, sabotaging bakers in unspeakable ways. This is not how to do business.

Like the shareholders, a cement distributor of BUA who identified himself as Solomon Emenike, said customers are switching to the brands competitors, due to the disappointments. I wont lie to you, people are no longer buying BUA cement. This is because the recent price increment came as a rude shock to them despite a series of claims that it wouldnt happen. When I try to market BUA cement to prospective clients, they express their skepticism about the product quality, saying BUA founder, Abdulsamad Rabiu lies about everything

Air travellers in Nigeria who are delayed for two-hour can get a full refund of their flight tickets. This is according to Minister of Aviation, Hadi Sirika, who made this known at the weekly State House Briefing in Aso Villa, Abuja.

On domestic flights, delay beyond one hour, carrier should provide refreshment, and one telephone call, or one SMS, or one e-mail. They should send you an SMS or email or call you to say, I am sorry, I am delaying for one hour.

Delay between 10pm and 4am, carrier shall provide hotel accommodation, refreshment, meal, two free calls, SMS, email and transport to-and-fro airport, Sirika said, adding that the same rules apply for international flights.

Of late, flight cancellations and delays have characterised inter-city air transportation in Nigeria, with many passengers scolding the about 10 commercial airlines operating scheduled flights for keeping them waiting at airports for hours after their scheduled departure time.