Monday, 3 November 2014

Dangote Sells Cement Only For N1,000 Per 50 Kg


Dangote Cement Plc during the weekend announced drastic reduction in the price of cement it produces. 

In a statement signed by GMD/CEO, of the company, Mr. Devakumar Edwin, it pegged the Dangote 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade would sell for N1,150 per bag.

The statement said that the new prices were exclusive of the Value Added Tax, VAT, representing about 40 per cent discount on the prevailing market price of the product currently sold for N1,700 irrespective of the grade, across the country.

 
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