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Dangote Is Selling Cement For 1,150 Naira In Zambia - Business (20) - Nairaland

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Pelxmiye(m): 7:32pm On Apr 07
Aconomist:
Dangote's profit margin of 60% disproves any argument that his costs are higher in Nigeria. His selling price is higher -- that's the only difference. Why do I have to share a nationality with such subhuman people who will be stolen from yet defend the thief?

My brother ,the thing tire me oooo

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 8:26pm On Apr 07
Aconomist:
Dangote's profit margin of 60% disproves any argument that his costs are higher in Nigeria. His selling price is higher -- that's the only difference. Why do I have to share a nationality with such subhuman people who will be stolen from yet defend the thief?



Abeg protect your identity and stay anonymous o. Since thus thread gained popularity, the exact analysis we posted on this thread is being discussed heavily even among societal persons. I believe it's safe to say this thread had revealed to me that some top. Placed persons whose names I won't reveal are anonymously reading threads and following teeth for teeth


In all we post, we should play safe plz.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 8:34pm On Apr 07
BluDesk:




Abeg protect your identity and stay anonymous o. Since thus thread gained popularity, the exact analysis we posted on this thread is being discussed heavily even among societal persons. I believe it's safe to say this thread had revealed to me that some top. Placed persons whose names I won't reveal are anonymously reading threads and following teeth for teeth


In all we post, we should play safe plz.
Thanks for the information.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 8:41pm On Apr 07
Aconomist:
Thanks for the information.

wink
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DedeNkem: 10:58pm On Apr 07
Dangote is the most corrupt crooked businessman in Nigeria! He's a northerner and can commit whatever crime he likes without facing the law!

4 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 4:49am On Apr 08
virago:
Now I know you're just deluded or just pulling your "facts" from your arse , Golden Penny was not given their license to produce or sell before 2013 and didn't sell a single bag of sugar before 2013 , I should know because I'm a dealer in their products , and please show us a proof of your "facts" and also where my statement is wrong. I am still waiting

Golden Penny and GOLDEN SUGAR are two DIFFERENT AND DISPARATE FMN subsidiaries...
That you do not know that ELEMENTARY fact epitomizes your lack of knowledge on the subject matter.

FACTS! Not feelings!! grin grin
>
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 4:54am On Apr 08
BluDesk:



Nigeria is atleast 5/6 countries lumped together. What defines a country isn't just it's geography, but perspectives, policy direction and ways of doing things. All regions that makes up Nigeria see things differently. That's why how am Oyo or Ondo or Ogun or Osun person sees an issue will always be similar even across party divide.


That's why how someone from Cross River, Bayelsa or Akwa Ibom reason won't be far from one another



Same with how people from Enugu, Imo, Abia or Anambra would behave and act


90% of Nigerians are not even aware that the one Nigeria is directly responsible for the policy mismanagement and by extension, the management, operations and stagnative state of the country



Why we analyse cement, Do we know we have 200 precious minerals in the country this policy are keeping tied up and unexplored



Allow me convince you disintegration is the way


If limestone alone has produced let's say a 100 Billion dollars enterprise through Dangote. Multiply this figure by 200 Minerals


That's 100 Billion usd x 200 Minerals


Isn't this 20 Trillion productive economic market
That's primarily. When we discuss secondary and tertiary advantages we will have atleast 50 Trillion dollars economy


Can you see what oligarchs are tieing up is beyond even what they understand its implications. And why Nigeria needs to disintegrate so it frees up these reservoirs?


If any one counters me I'm. Ready for. Debate anyway anytime


I've been preaching this doctrine since 1995 and have been sensitising people. While Nigeria needs to dissolve and a new future unleashed



I'm certain. I'm not wrong.
cool It seems to me, that u are attempting to jeopardize the profits of covert miners? Dont u know that solid minerals racketting is a multi-billion dollar business in Nigeria? Who told u that any mineral is laying fallow?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 4:57am On Apr 08
Aconomist:
1. All cement companies around the world operate their own powerplants because its cheaper. This is not a disadvantage, it saves them money because they get electricity at or below cost. Regardless, all of that is included is his cost of production -- which is what we substract from revenue to get his profit (60% of revenue in Nigeria).

2. There is no such thing as a profit margin above 100% in business reporting. Profit is calculated as a percentage of selling price (revenue). You are thinking like a petty trader who doesn't understand accounting. And even in that sense, Dangote's profit margin would be above 100% because he is selling at more than double his cost of production.

3. Few, if any, manufacturing businesses in the west that earn profit margins like that. Not even pharmaceutical companies after factoring research expense, salaries and regulations. You Nigerians are really just poorly educated monkeys. I don't know what they teach you in school.

This “monkey” can recall the cancer drug Lomustine priced at over 1000% its cost of production.... grin

Meanwhile your uncouth juvenile insults merely betray your lack of a substantive argument and a crude personal upbringing. SMH
>

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 5:22am On Apr 08
Acidosis:



LMAO! grin grin

So now you agree that Dangote has competitors?? grin I thought you all always cry about Monopoly and how Dangote killed other competing firms in Nigeria?

Whoever depends on Nairaland urchins like you for credible news would nearly assume that Dangote cement is the only brand in the country given the extent y'all cry about monopoly.

After crying on Nairaland about monopoly, you will still carry your cash to the market to buy the same Dangote cement even though I have uploaded facts indicating we have over 15 cement manufacturers in the country. Of course, you won't patronize the 15 because they sell at higher prices than you can afford. Yet Dangote is your problem? You people are not Well.

Simple economics won't bow to your tears. Dangote PLC sells the cheapest Cement, Noodles, Pasta, Salt and Sugar in Nigeria. That's the fact. Take it or cry on. Dangote is not your problem.
cool On the contrary. Dangote cement is more expensive than the rest in my area. I make sure i find out the price of all the available brands, before going for the cheapest. Afterall, LIMESTONE IS LIMESTONE? Though it is rumoured, that Dangote cement is the least durable, loosing its binding strength significantly as time sets in.. And on the pack, its always PLUS MINUS 50KG! Meaning it could be more, or it could be less, depending on luck? Only recently, the company even ran a promo, SPELL D-A-NJ-G-O-T-E and be a millionaire. Do u know any winner?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 5:50am On Apr 08
9jaRealist:


grin grin grin

Bros, I am still trying wrap my head around that one...
Why would BUA be complaining of high prices when it can simply lower its prices?

BTW, as far as I am aware there’s no extraordinary barrier to entry in cement manufacturing in Nigeria...
So long as one has the several hundred million dollars needed to build a modern plant, they can seek a mining license.
>
cool This aconomist fellow, has alleged that cement production in Nigeria is OFFICIALLY a quasi-monopoly! Production licence is highly restricted. Making me to suspect, shud any player in the industry attempt to cross Dangote, his licence may be summarily revoked
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 6:18am On Apr 08
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/
cool Dear bro. Welldone there for the post, It's Been eye opening.. Cool down with these MAI SASANCI. Thanx

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by virago(f): 9:10am On Apr 08
9jaRealist:


Golden Penny and GOLDEN SUGAR are two DIFFERENT AND DISPARATE FMN subsidiaries...
That you do not know that ELEMENTARY fact epitomizes your lack of knowledge on the subject matter.

FACTS! Not feelings!! grin grin
>

Your lack of proof is now very evident , see how you have dodged every attempt to provide proof of your claim. Prove that Golden Sugar sold sugar before 2013 and prove that all I have said is wrong , you're just beating about the bush. You are just as empty as Buhari
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 3:50pm On Apr 08
9jaRealist:


This “monkey” can recall the cancer drug Lomustine priced at over 1000% its cost of production.... grin

Meanwhile your uncouth juvenile insults merely betray your lack of a substantive argument and a crude personal upbringing. SMH
>
Lomustine is one product out of thousands developed by GlaxosmithKline. The whole business has an EBITDA margin of 23% after you factor in less profitable drugss, its cost of production and research, salaries, regulations etc.

Here is the link to Glaxo's EBITDA margins: https://www.macrotrends.net/stocks/charts/GSK/glaxosmithkline/ebitda-margin

Do you want to know why Nigeria is a zoo? Look in the mirror and see a monkey. I'll stop insulting you when you produce a reasonable argument.

2 Likes

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 4:58pm On Apr 08
Tycyborg:


Don't mind all of them... I did a research and you are right... I was so bling following what people are saying but I get to know that we Nigerians are the problem of this country because I don't know why we like to talk aboit anything in Nigeria in a bad way. People are just bad and I wonder what they will gain from spreading fake bad news
Forget Ghana. That's a corrupt monkey country just like Nigeria, and they don't even have limestone. Look at places like South Africa and India.

Here is 50kg cement from India selling for 320 rupees or 1600 naira. We know Dangote can produce cement at this price because his profit margin tells us he is selling at more than double his cost of production. The Indian cement companies earn EBITDA margins of 10% of their selling price, while Dangote earns 60% in Nigeria.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 5:03pm On Apr 08
Here is 50kg of cement selling for 258 rupees in India, which is 1,317 naira. If Nigerian companies refuse to sell at a reasonable price, let people import from outside the country.

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Wizzzzmike: 5:42pm On Apr 08
Aconomist:
Forget Ghana. That's a corrupt monkey country just like Nigeria, and they don't even have limestone. Look at places like South Africa and India.

Here is 50kg cement from India selling for 320 rupees or 1600 naira. We know Dangote can produce cement at this price because his profit margin tells us he is selling at more than double his cost of production. The Indian cement companies earn EBITDA margins of 10% of their selling price, while Dangote earns 60% in Nigeria.

Stupid like you.. do you know how many cement factories in Ghana... The competition in cement in Ghana is fvckin tight.

2 Likes

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 5:58pm On Apr 08
Wizzzzmike:


Stupid like you.. do you know how many cement factories in Ghana... The competition in cement in Ghana is fvckin tight.
Shut up. Ghana is even more monkeyish than Nigeria. You had ONE COMPANY, Ghacem, monopolizing the industry for 40 years.

https://www.change.org/p/ghacem-stop-ghacem-s-one-company-cement-monopoly-in-ghana

2 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by blaise26abj(m): 7:34pm On Apr 08
blaise26abj:


Dangote runs a monopolistic market thereby forcing the hands of other competitors .
Let me give you an example - you have cornered 60 percent of sachet water market in Lagos . All other producers of sachet water in lagos share the remaining 40 percent . Cost of producing a sachet is 6 naira . A fair Selling price is 10 naira . However since you have 60 percent of the market , you can afford to bring down your price to 7 naira or 6.5 naira and your competitors can’t survive on that margin . This makes you the major market price determinant . If you decide to sell at 15 naira ,the competition will most likely follow suit (they will make more money that way) .
But if the competitors decide to defy you , you can decide to sell at 6.5 naira and kill off their market share .
That is what Dangote is doing . I have a friend that works with larfarge and he said from their analysis , they can sell PROFITABLY at 1800 per bag but they can’t defy the market leader especially if he is inadvertently making you money . Dangote is the enemy of the people . He is also a huge campaign donor to all the major political parties . So no matter who wins , he gets to monopolize the market
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tycyborg(m): 11:14pm On Apr 08
[quote author=Aconomist post=100611408] Forget Ghana. That's a corrupt monkey country just like Nigeria, and they don't even have limestone. Look at places like South Africa and India.

You have a point but you didn't look at the fact that lets use South African because I know very less about India... South African had a steady electricity compare to Nigeria that runs every production on generator... That factor alone may increase the hike... It's all business and if business is not making the average gain then the business will surely sink... Some factors we are not looking into is electricity, transportation system and the country's policy itself... We have greedy people in government who doesn't care about the masses... They will impose huge returns on companies without looking at the effect... During Jonathan period remember what virgin airways said... He said Nigeria is a dream killer and he was referring to the politicians... I don't know why some people see either Jonathan or buhari as a saint... They are all useless people

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 11:41pm On Apr 08
[quote author=Tycyborg post=100620765][/quote] oh shut up man. You don't understand the cement industry. All cement plants have their own powerplants and that makes their cost of production cheaper, not more expensive. Maybe you aren't smart enough to understand this. And I'm sick of explaining it to you idiots.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tycyborg(m): 11:54pm On Apr 08
Aconomist:
oh shut up man. You don't understand the cement industry. All cement plants have their own powerplants and that makes their cost of production cheaper, not more expensive. Maybe you aren't smart enough to understand this. And I'm sick of explaining it to you idiots.

You shut up because you don't even research before you type rubbish... Research. First... And the power plant is run by what? Cement... It shows how daft you are or you have little knowledge about business... Did you even read the news at all since 2016 till date concerning the problem and upgrade he is actually facing concerning the shortage of gas to power his plants and so on... It shows you know next to nothing...
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 12:17am On Apr 09
Tycyborg:


You shut up because you don't even research before you type rubbish... Research. First... And the power plant is run by what? Cement... It shows how daft you are or you have little knowledge about business... Did you even read the news at all since 2016 till date concerning the problem and upgrade he is actually facing concerning the shortage of gas to power his plants and so on... It shows you know next to nothing...
Dangote Cement Nigeria has the highest profit margins of any cement company on earth by a factor of 3x higher than the second most profitable. His cost of production doesn't even matter at that point. Stop arguing blindly.

His profit margin in Nigeria is 60% compared to less than 20% South Africa.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tycyborg(m): 12:40am On Apr 09
Aconomist:
Dangote Cement Nigeria has the highest profit margins of any cement company on earth by a factor of 3x higher than the second most profitable. His cost of production doesn't even matter at that point. Stop arguing blindly.

His profit margin in Nigeria is 60% compared to less than 20% South Africa.

You are right on that and just like what I have said... Whose person's fault is that? You blame dangote for that but did you know how much the government collect from him for tax alone? and how he fund their election just to gain firends? In Nigeria we call it settlement...imagine you were to transport a bag of rice from Lagos to delta and you settle 100 police on your way, please wont you put an increment? Are you expecting him to lose? Everything still boil downs to all I said about the government... Aside the government things are upside down in the country so you expect him to lose? If he was wrong about the increment then why is government not saying anything about his increment? Look at how much we are paying for data to browse in this country... It all boils down to government... You tax us big with some settlement here and there we will increase our prices... Ask virgin airways during Jonathan's regimn or research it to know what he said... He didn't hide his mouth, he said it all and left the country including his business...
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Onuhgabriel(m): 1:06am On Apr 09
expliciit:
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
Wouldn't you like his source of criminality? Idiot�
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by popizaino(m): 11:41am On Apr 09
BluDesk:



All the shop owners I buy groceries from know me. Once I need any product and it's only Dangote that is left, they don't bother tell me


I've not touched anything Dangote more than 10 times in 15 years period. I always look for his alternative however poor in quality and go for it..

Your kind is rare
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 11:47am On Apr 09
popizaino:


Your kind is rare


Thank you Sir
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Mikecold: 4:05pm On Apr 09
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.
Bro can we chat on some investment proposal?

Tech specifically
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Wizzzzmike: 6:21pm On Apr 09
Aconomist:
Shut up. Ghana is even more monkeyish than Nigeria. You had ONE COMPANY, Ghacem, monopolizing the industry for 40 years.

https://www.change.org/p/ghacem-stop-ghacem-s-one-company-cement-monopoly-in-ghana
Lol illiteracy is indeed a disease. Zoogerian calling someone monkey..lol
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 9:30pm On Apr 09
Wizzzzmike:

Lol illiteracy is indeed a disease. Zoogerian calling someone monkey..lol
The whole economy of Ghana is smaller than lagos -- a city of 15 million. Useless Ghanaian coconut head. Why are you even here? Go worry about your own country.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Wizzzzmike: 9:53am On Apr 10
Aconomist:
The whole economy of Ghana is smaller than lagos -- a city of 15 million. Useless Ghanaian coconut head. Why are you even here? Go worry about your own country.

Illiterate at its peak Lol...why did you mention Ghana, when Ghana has nothing to do with price of cement in zoogeria lol... Lagos economy is bigger than Ghana but yet they're more poverty in Lagos than he whole of Ghana... I see stupidity is friend huh?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 3:44pm On Apr 10
Wizzzzmike:


Illiterate at its peak Lol...why did you mention Ghana, when Ghana has nothing to do with price of cement in zoogeria lol... Lagos economy is bigger than Ghana but yet they're more poverty in Lagos than he whole of Ghana... I see stupidity is friend huh?
Most ghanians practice open defecation. Monkeys
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Wizzzzmike: 3:47pm On Apr 10
Aconomist:
Most ghanians practice open defecation. Monkeys

Lol but almost all zoogerians practice open defecation than Ghana lol... Illiterate pig lol

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