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economy
Cement price hike: FG threatens to open borders
The Federal Government says it might open the borders for cement importation if manufacturers of the product fail to bring down the cost. The Minister of Housing and Urban Development, Mr Ahmed Dangiwa issued the threat on Tuesday in Abuja at a meeting with cement and building materials manufacturers. The News Agency of Nigeria (NAN) reports the meeting was summoned…
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News
Cement price can be lower than FG, Manufacturers’ projection — Association
The National Association of Block Moulders of Nigeria (NABMON) says the agreement between the Federal Government and three major cement manufacturers that a 50-kg bag of cement, for now, is not supposed to sell for more than N7,000 to N8,000 is faulty. The National President, Mr. Adesegun Banjoko, said this in an interview with the News Agency of Nigeria (NAN)…
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