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



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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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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