Price of bag of Dangote, BUA, other cement this week

As of January 18, 2025, cement prices in Nigeria have risen significantly due to factors such as inflation, rising production costs, and fluctuations in the value of the Naira.

Below is an overview of the current prices for major cement brands:

Current Cement Prices in Nigeria:

Cement Brand	Retail Price per 50kg Bag (₦)	Wholesale Price for 600 Bags (₦)
Dangote Cement	9,900 – 10,500	5,940,000 – 6,300,000
BUA Cement	8,000 – 11,000	4,800,000 – 6,600,000
Lafarge Cement	9,100 – 10,500	5,460,000 – 6,300,000
UNICEM Cement	11,500 – 13,500	6,900,000 – 8,100,000
Ibeto Cement	9,500 – 10,500	5,700,000 – 6,300,000

Factors Influencing Cement Prices:

Inflation: The increasing inflation rate in Nigeria has raised both production and distribution costs, resulting in higher cement prices.

Currency Fluctuations: The depreciation of the Naira has made importing raw materials and machinery for cement production more expensive.

Production Costs: Rising costs of energy, transportation, and equipment maintenance have further contributed to the increase in cement prices.

Regional Price Variations: Cement prices differ across Nigeria, with variations driven by transportation costs and local demand. Areas like Lagos, which experience higher demand, may have higher prices compared to less populated regions. It’s recommended to consult with local suppliers for the most accurate pricing in your area.

Market Dynamics: There have been calls for the Nigerian government to encourage more cement manufacturers to enter the market, which could foster competition and help reduce prices. Furthermore, the stock market has been influenced by activities such as profit-taking by companies like Dangote Cement Plc, impacting market capitalization and investor sentiment.