Currently, one of the most popular brands of cement in Nigeria is Dangote cement. This sort of cement is preferred by builders and contractors because it is robust and dries more quickly than other brands on the market.
We are aware that the cost of cement in Nigeria fluctuates frequently, making it difficult to know the price at any one time. And for that reason, we’ve made the decision to list the current Dangote cement costs on this website. Additionally, we’ll try our best to occasionally update the article when market prices change.
Why Dangote cement prices continue to fluctuate
The unpredictable and challenging operating conditions and settings are not unrelated to the frequent swings in the pricing of Dangote cement in Nigeria. The fact that most cement manufacturers rely on automotive gas oil (diesel), which is expensive and subject to supply disruptions, has not made circumstances any better. In addition to this, rising electricity costs, difficulty in accessing foreign currency, and constantly shifting government regulations all contribute to the rise in cement production costs in Nigeria.
Additionally, because of the challenging economic climate, consumers are finding it harder to purchase cement at the current rates. This results in lower sales and earnings for the manufacturers, who can only protect themselves by raising prices. It’s unfortunate that cement prices in Nigeria are rising despite the fact that the country produces a lot of the product and that cement imports from other countries are prohibited.
READ – How to Start Block and Cement Business in Nigeria (Plus Business Plan)
About Dangote Cement Plc
Without a question, Dangote Cement Plc is the dominant force in the Nigerian cement industry. The business, which is headquartered in Lagos, is a division of Dangote Industries Limited, which is owned by Alhaji Aliko Dangote, the richest person in both Nigeria and Africa. Previously known as Obajana Cement Plc, the business manufactures, imports, distributes, and exports cement and related goods throughout Nigeria and all of Africa.
As of right now, the corporation operates cement manufacturing facilities in Obajana, Kogi state (which is home to the largest cement factory in sub-Saharan Africa), Ibese, Ogun state (opened in 2012), and Gboko, Benue state. Million metric tonnes per year) are produced by the Obajana facility at 10.25mmtpa, the Ibese plant at 6mmtpa, and the Gboko plant at 4mmtpa. The company generates roughly 20.25 mmtpa of cement overall. The business has manufacturing facilities outside of Nigeria in Senegal and Tanzania, and it has plans to extend its reach to Cameroon, Kenya, Zambia, South Africa, and Congo.
The Nigeria Stock Exchange (NSE) lists Dangote Cement Plc. Four years after going public, in 2014, the business was said to have controlled an astounding 20% of the NSE’s market capitalization. One of the largest parts of the Dangote Group is the firm. 93% of the total profit realized in the Nigerian cement industry during the reviewed time was earned by Dangote Cement alone in Q3 2017. The business has been expanding quickly and has a goal of dominating the cement industry throughout Africa as a whole, not only in Nigeria.
Dangote Cement Price Today
A 50kg bag of Dangote cement costs between ₦3,900 – ₦4,200, and a wholesale bundle of 600 bags costs between ₦2,350,000 – ₦2,500,000. However, keep in mind that within the nation, prices differ from one place to another. In most regions of the nation, the retail price is often a little more than the average market price; in cities like Lagos and Abuja, the additional cost can reach as much as ₦200 per bag.
