'We Invested Over $25bn in Oil, Cement, Sugar in Seven Years'   Africa’s richest man, Aliko Dangote, has disclosed that his business conglomerates have invested over $25 billion in sectors such as oil and gas, cement and sugar in the last seven years in Nigeria. Dangote made...

Reduce Price or we Open Border for Importation - FG Threatens Cement Manufacturers   The federal government has threatened to open the borders to cement importation if Nigerian manufacturers refuse to play ball on price reduction. It also said that although it is aware of the macroeconomic...

Cement: FG, Manufacturers Agree to Peg Price at N7,000 - N8,000   The Federal Government and Cement Manufacturers have agreed on a N7,000 to N8,000 per 50 kg bag of cement to halt the astronomical rise in the price of the product. This agreement was part of...

CBN Raises Dollar Supply, Lifts Ban on Cement, 42 Items The Central Bank of Nigeria has said it is raising dollar supply in the foreign exchange market, just as it also lifted the ban on 43 items that were previously not qualified for forex at...

After Slashing Cement Price, BUA 'Silently' Increase Sugar, Flour, Pasta Prices   Days after announcing the reduction of ex-factory price of cement, BUA Group has silently increased prices of foods, particularly a bag of sugar, a bag of flour and a carton of spaghetti, investigation has...

BUA Reduces Cement Price To N3,500 Per Bag   BUA Group has announced a reduction of ex-factory cement price to N3,500 per bag. The current ex-factory price is N4,650, while it is being sold. The current ex-factory price is N4,650, while it is being sold at N5,000...