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Dangote Is Selling Cement For 1,150 Naira In Zambia - Business - Nairaland

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Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 12:19pm On Apr 01
Dangote is selling cement for 55 Kwatcha (1150 naira) in Zambia. But in Nigeria, the same cement is going for 3,000 to 5,000 naira. Dangote is the biggest problem in Nigeria. I have never seen such a wicked excuse for a human being in my live. EndSARS is over. It's time to start END DANGOTE.

https://zambiareports.com/2021/03/31/78130/

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by expliciit: 12:23pm On Apr 01
The dangote guy is a criminal, I have known this for a long time base on report and experts opinion that cement should not be more than #1000

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tobbit: 12:25pm On Apr 01
Following our fights on your CBD thread about this. I'm glad you finally took it up, did your research and you're now seeing the light.

I passed a memo yesterday following an information I came across. I hope you are looking into that aswell


Shell Petroleum is out with an exclusive information..



It's a clause within the PIB Bill that is aimed at granting Dangote the sole right to export crude out of the Country... Imagine. Time for another protest Nigerians. Spread the word.



Post this information on your timeline across all your social media handles to sensitive and inform people........ Let's kill this bill before it sees the light of the day..

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by ayterajah(m): 12:35pm On Apr 01
Am not supporting dangote but my point of view is that what's the economy state of Zambia compare to Nigeria and don't forget that dangote it's not alone ... he have many govt officials under him

36 Likes 6 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 12:39pm On Apr 01
ayterajah:
Am not supporting dangote but my point of view is that what's the economy state of Zambia compare to Nigeria and don't forget that dangote it's not alone ... he have many govt officials under him
The size of the economy doesn't matter. Cement price is selling for between 1,500 and 1,900 in South Africa, which is a large economy like Nigeria.

432 Likes 18 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by samwash(m): 12:49pm On Apr 01
Let's face the reality, many factors comes into play in the production industry.
lets compare Zambia to Nigria in terms of
Economic growth
Government policies & tax
Dollar exchange rate
Source of raw materials
Market competivenes
Manpower & Technology
Security, Power etc.
A company that has its factory in two different country ( lets say Nigeria & Benin Republic) will not sell a particular product the same price in both country even if they are neighbors.
Note; the value of the country local currency plays a major role that's were inflation comes into play.

69 Likes 10 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by LMS1(m): 12:52pm On Apr 01
One Tribe Like That Will Hire Pickup Trucks And Troop To Zambia Just To Go And Buy The Cement At Cheaper Price And Resell Them Here In Nigeria For Profits.
Igbo Kwenu!! grin

282 Likes 11 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tobbit: 12:52pm On Apr 01
Aconomist:
The only solution for Dangote is a rubber tire and some gasoline. I used to love this man until I did my research and the scales were peeled from my eyes. Wickedness can't even describe this monster.


Wait for the refinery. Let's see the open hand the legislators would give him

9 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 1:08pm On Apr 01
samwash:
Let's face the reality, many factors comes into play in the production industry.
lets compare Zambia to Nigria in terms of
Economic growth
Government policies & tax
Dollar exchange rate
Source of raw materials
Market competivenes
Manpower & Technology
Security, Power etc.
A company that has its factory in two different country ( lets say Nigeria & Benin Republic) will not sell a particular product the same price in both country even if they are neighbors.
Note; the value of the country local currency plays a major role that's were inflation comes into play.
When people ask me why I don't invest in Nigeria, remember this thread and responses like this. Nigerians are addicted to stagnation and justify their own demise -- only a fool would put his hard earned capital into a nation of monkeys like this.

Cement prices around the world range from $3 to $6 while Dangote is selling for the equivalent of $11 for a profit margin of 60% in Nigeria compared to an industry average profit margin of 5% to 12%. He is able to charge these high prices because of low competition -- he kicked out competitors by hoarding limestone resources and convincing the federal government to ban imports.

According to Rabiu of BUA Group, Nigeria's real cost of cement production is the lowest in the world. The high prices are because of price gouging and monopolistic behavior from Dangote.

658 Likes 80 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by omophunky(m): 1:48pm On Apr 01
I don't want any more explanations,
Lala if u know what is good for u and u love ur
job before I open my eyes move this thread to
FrontPage without delay.

144 Likes 3 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by heendrix(m): 1:57pm On Apr 01
Aconomist:
When people ask me why I don't invest in Nigeria, remember this thread and responses like this. Nigerians are addicted to stagnation and justify their own demise -- only a fool would put his hard earned capital into a nation of monkeys like this.

Cement prices around the world range from $3 to $6 while Dangote is selling for the equivalent of $11 for a profit margin of 60% in Nigeria compared to an industry average profit margin of 5% to 12%. He is able to charge these high prices because of low competition -- he kicked out competitors by hoarding limestone resources and convincing the federal government to ban imports.

According to Rabiu of BUA Group, Nigeria's real cost of cement production is the lowest in the world. The high prices are because of price gouging and monopolistic behavior from Dangote.

The person that said Nigerians deserve the leaders we got or Nigerians deserve what we're going thr is not wrong

Trust these lunatics to keep defending Dangote while he's tearing them apart financially

294 Likes 22 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by descarado: 2:00pm On Apr 01
Dangote is to Nigeria what the big tech is to America.

Hard-core capitalist.

21 Likes 2 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 2:09pm On Apr 01
descarado:
Dangote is to Nigeria what the big tech is to America.

Hard-core capitalist.


this is not capitalism, this is corruption. And Dangote sells cement at a higher profit margin than Apple sells iphones. This is not comparable.

287 Likes 14 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 2:10pm On Apr 01
descarado:
Dangote is to Nigeria what the big tech is to America.

Hard-core capitalist.


Dangote is selling cement at double the profit margin of a Ferrari (30 percent). Dangote cement is 60 percent.

161 Likes 12 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by jaszplus12(m): 2:28pm On Apr 01
samwash:
Let's face the reality, many factors comes into play in the production industry.
lets compare Zambia to Nigria in terms of
Economic growth
Government policies & tax
Dollar exchange rate
Source of raw materials
Market competivenes
Manpower & Technology
Security, Power etc.
A company that has its factory in two different country ( lets say Nigeria & Benin Republic) will not sell a particular product the same price in both country even if they are neighbors.
Note; the value of the country local currency plays a major role that's were inflation comes into play.
I saw a comment on facebook where someone was insulting Dangote for selling cement in Ghana...he quoted the price as equivalent to #800. Of course out of ignorance! Cement is 38-39 Ghana cedis equivalent to about #2,500...in fact Dangote cement is 39 cedis....so I wonder what people want...the condition you mentioned are quite different in Ghana because almost everything is available...

5 Likes 3 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by descarado: 2:54pm On Apr 01
Aconomist:
this is not capitalism, this is corruption. And Dangote sells cement at a higher profit margin than Apple sells iphones. This is not comparable.
I used the comparison politically.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Csami(m): 3:37pm On Apr 01
jaszplus12:

A particular tribe are not happy because it's not their person that's enjoying the monopoly...if it were... hmmnmm they would have said how no one else can be smarter than them!! Would not have referred to it as wickedness but as business acumen!!

You're a zomb!e. Who in their right mind would justify this nonsense? What has tribe got to do with this? Are his people getting the cement for free?
Let's call wickedness what it is and not tag tribe to it.

302 Likes 13 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 3:48pm On Apr 01
I have solemnly sworn not to have a business in Nigeria. What kinda wickedness is this? If he sold this mutherfvcken cement at the right price, house for full everywhere but no he chooses to monopolize it(supported by the zombies governing this shitthoole) and everyone suffers. F^©k Dangote. It will never be well with your 4th generation.

44 Likes 4 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Harddiskng(m): 3:59pm On Apr 01
Aconomist:
Dangote is selling cement for 55 Kwatcha (1500 naira) in Zambia. But in Nigeria, the same cement is going for 3,000 to 5,000 naira. Dangote is the biggest problem in Nigeria. I have never seen such a wicked excuse for a human being in my live. EndSARS is over. It's time to start END DANGOTE.

https://zambiareports.com/2021/03/31/78130/

Please increase the volume

Open a conversation about how Dangote is defiling Nigerian’s economy and watch it degenerate into a tribal war.

God gave us all eyes and brains. The extent to which petty sentiments has blinded us from seeing problems right under our noses is very amazing.

Cc: uruba23

56 Likes 4 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by CSTRR: 4:35pm On Apr 01
ayterajah:
Am not supporting dangote but my point of view is that what's the economy state of Zambia compare to Nigeria and don't forget that dangote it's not alone ... he have many govt officials under him
Zambia is currently under Chinese control.
They owe huge debts and can't afford to pay.

Sorry, there is no nothing to write home about their economy.

And yet, cement is still very cheap there.

Dangote is sucking us dry to make his other businesses profitable.

215 Likes 5 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by PlsBanMe: 4:56pm On Apr 01
Dangote is not donating to politicians there or to the two major political parties in that country as he does in Nigeria. Someone has to pay after all.

His business there probably run on public electricity supply, thereby reducing his costs unlike Nigeria where he probably has to bribe electricity distribution companies and has to have standby generator sets.

Less cost of production will lead automatically to lower prices of goods.

16 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 5:09pm On Apr 01
PlsBanMe:
Dangote is not donating to politicians there or to the two major political parties in that country as he does in Nigeria. Someone has to pay after all.

His business there probably run on public electricity supply, thereby reducing his costs unlike Nigeria where he probably has to bribe electricity distribution companies and has to have standby generator sets.

Less cost of production will lead automatically to lower prices of goods.
Dangote has a EBITDA (this calculates profits before tax, interest, depreciation, etc.) margin of 60%,. He says it in his annual report. If he has an EBITDA margin of 60% and he is selling for 3,000 naira, his cost of production is only 1200 naira. Also, notice how much lower the EBITDA margin is in "Pan Africa" which is his operations outside Nigeria.

This just just open price gouging. And you monkeys are too dumb to see it.

Link: https://www.dangotecement.com/wp-content/uploads/reports/2020/FY2020/DangoteCement_FY2020_ResultsStatement.pdf go to page 4.

64 Likes 8 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Permesso: 5:37pm On Apr 01
Aconomist:
Dangote is selling cement for 55 Kwatcha (1150 naira) in Zambia. But in Nigeria, the same cement is going for 3,000 to 5,000 naira. Dangote is the biggest problem in Nigeria. I have never seen such a wicked excuse for a human being in my live. EndSARS is over. It's time to start END DANGOTE.

https://zambiareports.com/2021/03/31/78130/

He's looking for quick money to invest and finish his Gigantic refinery in Lagos. He's as greedy as Nnewi man. Ibeto should come out and do justice, but his no where to be found. Can you imagine #1500 in Zambia while Nigeria where it's produced and sourced is unattainable in price.

17 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Zankut: 7:31pm On Apr 01
Dangote is a rent seeker that cannot compete if faced with competition in a business environment that's fair to all players. Why did he jump out of the pasta business. He faced real business minded entities

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by jaszplus12(m): 7:33pm On Apr 01
Csami:


You're a zomb!e. Who in their right mind would justify this nonsense? What has tribe got to do with this? Are his people getting the cement for free?
Let's call wickedness what it is and not tag tribe to it.
Thanks for the insult. Understand that you're a product your own mind. For every negative word you utter it tells how deeply depraved you are!

12 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:43pm On Apr 01
jaszplus12:

Thanks for the insult. Understand that you're a product your own mind. For every negative word you utter it tells how deeply depraved you are!
You deserve all the insults and more. Monkey is a complement for you. You are a subhuman and worthless creature -- the waste dragging Nigeria down.

136 Likes 4 Shares

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:47pm On Apr 01
jaszplus12:

Yup! You live there....I don't.... like I said, your words are exactly what your thoughts are.... enjoy your depravity....
I don't live in Nigeria, but it is still my country. And I can't invest until this cement issue is resolved.

38 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:49pm On Apr 01
Masonkaycares:
I have solemnly sworn not to have a business in Nigeria. What kinda wickedness is this? If he sold this mutherfvcken cement at the right price, house for full everywhere but no he chooses to monopolize it(supported by the zombies governing this shitthoole) and everyone suffers. F^©k Dangote. It will never be well with your 4th generation.
The country is a complete zoo. At this point I would rather invest in Ghana or Kenya than Nigeria. Worthless country full of zombies and monkeys. Dangote is selling cement for double (and sometimes triple) the international prices and monkey dey suffa and smile.

58 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Csami(m): 7:49pm On Apr 01
jaszplus12:

Thanks for the insult. Understand that you're a product your own mind. For every negative word you utter it tells how deeply depraved you are!

Forgive me for calling you a zomb!e, you are actually a mor0n. Your silly mind brought up the tribe and stup!d business acumen. Negativity is been cheated and attributing tribe to it.

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