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  • Business - Companies
  • Updated: June 19, 2021

BUA Cement Insists ‘No Further Increase in Cement Price’

Nigerian cement-making giant BUA Cement has again assured Nigerians that it won’t further increase the price of cement.

The company made this known from a statement shared on its Instagram page on Friday, making it the second time BUA is reassuring its customers in the past two months

“We have been inundated with requests from our distributors seeking clarifications as to whether BUA also intends to increase the price of its cement. This is in view of a purported 10% price increase by another major cement manufacturer", the statement from BUA Cement read.

“While we are now aware that the said producer has increased the price of its cement (ex-factory) effective Monday, June 14, 2021, we however wish to state that BUA is not a part of this increase and does not seek to increase the price of its cement (ex-factory) in the foreseeable future.”

BUA had to debunk claims that it would increase the price of cement in April this year after reports that the cost of building materials had gone up over 60 percent.

 

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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe

A seasoned business content writer, financial markets analyst, and tech enthusiast.

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