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IT’s JUST A RUMOUR!!! Dangote Group Denies Cement Price Slash » FashionStyle FS News

Dangote Group has denied claims making the round of reducing the price of Cement to N2,700 per 50-kilogramme bag from N5,500.

Anthony Chiejine, Spokesperson for Dangote Group, disclosed this to DAILY POST on Monday.

Chiejine described the claim as fake news.

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“It is fake news”, he said in a terse reply to FS News inquiry.

His . comes amid speculation that the Dangote group crashed the cement price by 50 per cent with effect from October 1st, 2023.

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Earlier, Bahir Ahmad, media aide to former president Muhammadu Buhari, had commented that the report was fake.

Ahmad made this known through his official X handle on Sunday.

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“The Dangote Group has denied the trending reports that it has reduced the price of cement from N5,500 to N2,700 effective October 1st”,

He wrote.

The price of a 50kg bag of cement is sold between N4,600 to N6,000 in Lagos, Ogun, Ondo and Abuja.

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However, barely two weeks ago, BUA Cement had hinted at plans to reduce the price of a 50kg bag of cement to between N3,000 and N3,500.

BUA chairman, Abdul Samad Rabiu disclosed this after meeting with President Bola Ahmed Tinubu.

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