• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Pleasant surprise as BUA mulls reduction in cement price

Emmanuel Abara Benson by Emmanuel Abara Benson
November 8, 2018
in Business News, Company News
BUA Cement

Cement

Share on FacebookShare on TwitterShare on Linkedin

BUA Cement may just shake up the cement industry soon by reducing the price of its product. This is according to Mr Nasir Ladan, the General Manager in charge of BUA South-South.

Mr Ladan made this disclosure when he addressed participants at a one-day workshop on ways to optimise cement usage. The workshop took place in Port Harcourt, the Rivers State capital city.

According to the Managing Director, the planned reduction in the price of the company’s cement brand will definitely happen, despite the high cost the company incurs in the cause of doing business.

RelatedStories

Lafarge Africa expands ECOPlanet Portfolio with the launch of ECOPlanet Elephant 

Lafarge Africa expands ECOPlanet Portfolio with the launch of ECOPlanet Elephant 

June 30, 2025
cement sales, MAN

Analysts upgrade Dangote Cement’s 2025 sales forecast to N4.2 trillion, recommend target price for investors 

June 24, 2025

He specifically mentioned the high transportation and energy costs as some of the biggest challenges faced by the company.

“We are working hard to bring prices down despite limiting factors, especially high energy and transport costs. We have brands that fit into all regions and climatic conditions in Nigeria. BUA can serve well in Sokoto as well as in the Niger Delta. We have a combination that is good and strong at all times and in all regions.” – Ladan

Note that Mr Ladan made no mention about when the planned price reduction will take effect, or how much exactly the new price will be.

The company is also expanding to meet growing demand…

Speaking further, Mr Ladan said his company is opening up a new production line come January 2019. This is part of the company’s effort to increase its market share, he said. He also noted that “it is because of high demand for BUA cement that we are increasing output.”

Meanwhile, the company is faced with intense competition

The Nigerian cement industry is undoubtedly a very competitive one. This is due to the presence of the likes of Dangote Cement Plc, Lafarge and other smaller players. Obviously, BUA Cement is aware of this competition. But Mr Ladan said his company is prepared for this competition.

“We expect competition but we are prepared for it because competition is the bedrock of business success.”

Will a reduction in BUA Cement price prompt other players to follow suit?

It is unclear if a reduction in the price of BUA Cement will influence others such as Dangote Cement to do the same. But this is a likelihood, considering the fact that the company is indeed a major player in the Nigerian cement industry.


Follow us for Breaking News and Market Intelligence.
Tags: BUA CementCement price in NigeriaDangote cementlafarge africa
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

Lafarge Africa expands ECOPlanet Portfolio with the launch of ECOPlanet Elephant 
Companies

Lafarge Africa expands ECOPlanet Portfolio with the launch of ECOPlanet Elephant 

June 30, 2025
cement sales, MAN
Equities

Analysts upgrade Dangote Cement’s 2025 sales forecast to N4.2 trillion, recommend target price for investors 

June 24, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

BUA Cement gains over 7% as Nigerian stock market conquers new territory 

June 13, 2025
Tetracore and Dangote Cement boost partnership to expand CNG Autogas Network with commissioning of new mobile refueling units in Phase II rollout
Companies

Tetracore and Dangote Cement boost partnership to expand CNG Autogas Network with commissioning of new mobile refueling units in Phase II rollout

June 10, 2025
 Dangote Cement rewards distributors, customers with CNG-Trucks, cash gifts worth N11 billion 
Companies

 Dangote Cement rewards distributors, customers with CNG-Trucks, cash gifts worth N11 billion 

May 29, 2025
Dangote Cement
Dividends

Dangote Cement named dividend paying company of the year, edges out two other heavyweights 

May 25, 2025
Next Post
Wole Abegunde, Berger Paints Nigeria Plc

Berger Paints Plc announces resignation of director

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Ex-world’s richest woman Francoise Bettencourt Meyers is $18 billion richer in 2025
  • NDLEA intercepts $17.7 million in counterfeit travelers’ cheques, arrests suspects 
  • Weekly Market Wrap: Insurance, Consumer goods sectors shine as All-Share Index gains 0.83% 

Follow us on social media:

Recent News

Francoise Bettencourt Meyers

Ex-world’s richest woman Francoise Bettencourt Meyers is $18 billion richer in 2025

July 6, 2025
NDLEA: 13.6% of Lagos secondary students have tried drugs, 6.9% are active users  

NDLEA intercepts $17.7 million in counterfeit travelers’ cheques, arrests suspects 

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics