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Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile - Business - Nairaland

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Name An Item You Have Stopped Buying Due To Inflation/high Prices. / Dangote Is Selling Cement For 1,150 Naira In Zambia / Businesses That Will Suffer And Those That Will Thrive Due To The Pandemic (2) (3) (4)

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Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:00pm On Apr 01, 2021
The Competition and Consumer Protection Commission (CCPC) has fined Lafarge Zambia Plc and Mpande Limestone Limited 10% of their annual turnovers for the year 2019 and another 10% of their 2020 annual turnovers for price fixing and division of markets. The Board, however, was lenient with Dangote Cement Zambia Limited, for having bribed cooperated with the Commission during investigations.

This was after an exhaustive investigation following the Commission’s observations of a sustained increase of cement prices from an average of K55 to K100 per 50Kg bag between July 2019 and January 2020. source: https://zambiareports.com/2021/03/31/78130/

Note: 55 Zambian Kwatcha = 1,150 naira. 100 Zambian Kwatcha = 2,000 naira. Meanwhile Dangote is selling cement for 4,000 - 4,500 in Nigeria. What will it take for you monkeys to do what is necessary and end this insanity? Dangote has become the biggest problem in Nigeria.

Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by ugwusunday(m): 12:04pm On Apr 01, 2021
9ja go still better, just relax
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:07pm On Apr 01, 2021
ugwusunday:
9ja go still better, just relax
See monkey
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Ever8090: 12:12pm On Apr 01, 2021
ugwusunday:
9ja go still better, just relax
what did you just say..?

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Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:17pm On Apr 01, 2021
Ever8090:
what did you just say..?
He is suffering and smiling. That is all these monkeys know how to do.

1 Like

Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by SarkinYarki: 12:21pm On Apr 01, 2021
Well Dangote hasn't increased cement price for 3 years now so where is the increment coming from
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Ikinternational: 12:23pm On Apr 01, 2021
No wahala.
Ndi "we" will just borrow money from their tribesmen
lol
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by kingdman: 12:24pm On Apr 01, 2021
ugwusunday:
9ja go still better, just relax
Are you mad, we have to fight this people now or never

1 Like

Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:25pm On Apr 01, 2021
SarkinYarki:
Well Dangote hasn't increased cement price for 3 years now so where is the increment coming from

He is making an insane profit margin and using the government to prevent other companies to come in and compete in the industry.

Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:25pm On Apr 01, 2021
kingdman:
Are you mad, we have to fight this people now or never
Bloodshed is the only thing these animals will listen to.
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Barbsamiin: 12:26pm On Apr 01, 2021
dplordx:
The way these fulanis and northerners are economically rapping Nigeria, na Dem fill government and na Dem dey loot the most now they will be the one controling fuel, agriculture and cement, while the southerners are engaged in petty competition...It is well
After calling them illiterates and all sorts of names now who's f0ol? grin
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by dplordx(m): 12:26pm On Apr 01, 2021
The way these fulanis and northerners are economically rapping Nigeria, na Dem fill government and na Dem dey loot the most now they will be the one controling fuel, agriculture and cement, while the southerners are engaged in petty competition...It is well
Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:28pm On Apr 01, 2021
Dangote is making trillions in profits by jacking up cement prices, meanwhile buildings are collapsing and children are dying every day because cement is too expensive. Builders are cutting corners because no one can afford 5,000 naira for DAMN CEMENT.

Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:30pm On Apr 01, 2021
Dangote is a murderer.

Re: Zambia Fines Cement Companies For High Prices -- Nigerians Suffer And Smile by Aconomist: 12:32pm On Apr 01, 2021
Nigeria has the highest cement price in the world and the largest housing deficit on the world. All because of one dirty wicked monkey named Dangote.

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