News

No increase in price of our cement, says BUA

One of Nigeria’s three cement giants, BUA Cement Plc, has said there are no plans to increase the price of its cement for “foreseeable future” despite the recent 10 per cent price hike by their main competitor.

 

In a letter sent to the company’s distributors, customers, and seen by our reporter, the company called on the general public to ignore any rumour of a price increase noting that the timing was not right and there were no justifiable business reason for any increase whatsoever.

 

The statement added: “We are compelled to release this statement following requests from our distributors and customers seeking clarification as to whether BUA also intends to increase the price of its cement. This is in view of a purported increase of N260 by another major cement producer.

 

“We are now aware that Dangote Cement has increased the price of its cement (ex-factory) by N260 effective Monday, June 14, 2021. BUA is not a part of this increase and will not seek to increase the price of its cement (ex-factory) in the foreseeable future. BUA, therefore, restates its earlier position communicated on April 24, 2021 that it will not join in any increase in the prices of Cement for the foreseeable future.

 

“Whilst we believe it is the prerogative of any company in a free-market economy to determine the prices of their products as they deem fit, based on their urgent business needs, our position not to increase our own prices is anchored on the following

 

“We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. “BUA is also of the firm belief that the current retail prices of cement are higher than normal, hence our earlier communication not to increase ex- factory prices in the foreseeable future

SHOCKING LIFE STORY!!!

Abuja Man reveals (FREE) secret Fruits that Increased his Manh00d size and Lasting Power in 5days…

CLICK HERE TO GET IT!!!

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica