The Chairman of Dangote Group, Alhaji Aliko Dangote has revealed that the federal government makes 52 kobo from every N1 generated from the production and sale of Dangote Cement. Dangote disclosed this on Wednesday at the 2025 Taraba International Investment Summit, with the theme: ‘Unlocking Taraba’s Investment Potentials, Advancing Agriculture, Energy, Mining, and Industrialisation for Sustainable Growth and Development’. According …

Dangote Industries Limited has reaffirmed its commitment to making Nigeria self-sufficient in key sectors such as cement production, agriculture, mining, and petroleum refining. Regional Sales Director (Southeast) of Dangote Cement, Dr. Abayomi Shittu, made the pledge during an interview with the News Agency of Nigeria (NAN) on Sunday at the ongoing 36th Enugu International Trade Fair. ‘Dangote Industries Ltd. operates …

High cost of building materials in the country is currently affecting activities in the property sector, posing a huge challenge to the government’s quest for affordable housing. It has also affected private property developers as many of them have slowed down on construction, while individuals craving to build their houses through direct labour are also complaining. Also, suppliers of building …

Nigerians, especially the low and middle-income earners, have cried out over the present high cost of cement saying they will no longer be able to own their houses in the country. This is just as the Real Estate Developers Association of Nigeria (REDAN), declared that unless a sustainable solution was found to the problem of the high cost of cement …

As the economic downturn continues, all areas of Nigerian lives and plans are also striving to grapple with the situation, as areas like housing and rent are also being affected. Nigerians are used to building with cement, but now have to go for other alternatives, as the price of cement is now on the high side. Gone are the days …

The Senate has resolved to investigate the sudden hike in the price of cement by its producers in Nigeria. This followed the adoption of a point of order by the Deputy Senate Leader, Sen. Lola Ashiru on the “Need to Urgently Address the Increase in Cement Price and other Building Materials in Nigeria”, at plenary on Wednesday. Presenting the order, …

The price of cement has risen by 100 per cent in three years to a record high of N7,000, on the back spiralling inflation in the country. Findings showed that the prices of cement ranged between N3,300 and N3,500 in Lagos and Ogun States in March 2021 but have jumped to between N6,500 and N7,000 in both states as of …

The Manufacturers Association of Nigeria (MAN) has stated that sales of cement dropped by 30 per cent at the peak of naira scarcity earlier this year. The association also said that lack of access to cash during this period led to a 20 per cent drop in sales of consumer goods. MAN stated that in a ‘Special Focus’ of its …