Forex: Cement price skyrockets nationwide

Price of cement has risen nationwide. A bag which hitherto sold for about N1, 600, now sells for N2,200 and above. 2nd Vice President, Nigeria Institute of Building (NIOB), Mr. Kunle Awobodu attributed the increase to the cost of production and the devaluation of the naira. He noted that the cost of construction would increase,…

Cement price hits roof top

Cement. Price hits rooftop The prices of different brands of cement have increased astronomically leaving builders and home owners complaining seriously about the high cost. This has already triggered a ripple effect in the open market, with prices going up by about 44 percent in few days. Investigations revealed that operators under the Cement Manufacturers…