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- A broad marketplace survey has disclosed the existent prices of cement according to its manufacturers
- The starring manufacturers, including Dangote Cement, BUA Cement, and Lafarge Africa, released varying prices
- The manufacturers precocious announced a frost connected prices successful enactment of authorities projects nationwide
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
The Nigerian cement industry is presently dominated by 3 large players, including Dangote Cement, BUA Cement and Lafarge Africa.
These players person a important interaction connected Nigeria’s operation industry, influencing infrastructure development, housing, and economical growth.
Source: UGC
Top manufacturers and their prices
According to a caller marketplace survey, the prices of these brands person drastically changed implicit the years.
As of May 2025, cement prices varied based connected brands, determination and outlets.
Dangote Cement. 8,000- N9,000 per 50kg bag
The institution sells its depot prices for betwixt N8,000 to N9,000 per 50 kg bag, portion its retail prices merchantability for betwixt N9,900 to N10,500, depending connected the determination and dealer.
Dangote Cement is simply a ascendant marque successful Nigeria and Africa, which experts property to its prime and spread.
The institution has a beardown organisation network, spanning assorted states and countries.
BUA Cement: N5,500-N7,900 per 50kg bag
The institution sells its depot prices for N5,500 and N7,900 per 50kg bag, portion its retail prices merchantability for N8,500 and N9,800, depending connected the location.
The marque has remained comparatively affordable and competitive, particularly aft the institution announced a price crash successful 2024.
However, experts person said efforts to support unchangeable retail prices person been frustrated by marketplace conditions, starring to fluctuations.
Large Africa: N5,500
Lafarge Cement is 1 of the strongest competitors successful the marketplace and sells its cement astatine a depot terms of betwixt N8,500 and N9,500 per 50kg.
The company, which plans to merchantability its shares to a Chinese firm, sells cement retail prices astatine N9,100 and N10,500 per 50kg bag.
According to reports, Lafarge Africa, operating nether the Holcim Group, offers a competitory price, with a beardown beingness successful Nigeria.
Source: Getty Images
Manufacturers hold to frost prices
The improvement comes arsenic the starring cement companies agreed to freeze prices for authorities projects.
The president of BUA Group, Abdul Samad Rabiu, has announced an statement among apical cement manufacturers to clang prices for each national authorities projects.
The BUA Group brag disclosed this aft a gathering with President Bola Tinubu connected Thursday, May 15, 2025, saying that the determination is aimed astatine boosting the administration’s efforts without expanding costs.
According to him, the manufacturers person agreed to frost cement prices for immoderate contractor progressive with the government’s projects.
Cement producers successful Nigeria denote immense profits
Legit.ng earlier reported that 3 cement producers listed connected the Nigerian Exchange Limited (NGX), Dangote Cement Plc, BUA Cement Plc, and Lafarge Cement Plc, person made a combined revenue of N677.34 cardinal successful 2024.
This represents an summation of 17.55% from the N576.18 cardinal reported successful 2023.
An investigation by Legit.ng shows that Dangote Cement remains Nigeria’s astir profitable cement company, reporting a nett of N503.2 cardinal for the afloat twelvemonth 2024, a 10% summation from N455.6 cardinal successful 2023.
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Source: Legit.ng
