Nigeria’s Cement Price Dropped by 3.8% to N2,500 per Bag

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The price of cement dropped again 3.8% to N2500 per bag due to an increase in the aggregate commodity production capacity in Nigeria (30million tonnes).

In the global commodity markets, oil prices increased to a 2-year high at $59pb since the Oil Producers meeting in Vienna before dropping 2.24% to $57.8pb.

The attached slides sum up the events that took place in the domestic and global commodity markets this week.



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