ClassicMan202:
Why won't Dangote's profit be more than 50% when he is selling @ double the price.


Is it not even criminal to earn such profits??

Well you can buy BUA.

He's cut his prices.

Okiton:

They used hatred shut down our brother Ibeto Cements for demonic Dangote to thrive in his evil

Ibeto cement still exists

Buy from them

nairalanda1:


Yeah, and you would sell your products below production cost to help the poor,hey?

No... But I wouldn't be too greedy with my profit margin... As I am already a billionaire 😒

BadMaster:
Some of their foreign counterparts have more than 10 times their production capacity, yet make far less profit. This is an indicator that Cement is overpriced in this part of the world. Dangote, BUA and Lafarge Africa are clearly ripping us off.

We are in trouble in this country, and we don't have a responsible government to check these criminals.

Can you give examples of those foreign companies?

Plus Nigeria is messed up. Companies have to charge higher because of our higher costs of production here. No power, no good supporting infrastructure, corruption.

HandsomeHITLER:

No... But I wouldn't be too greedy with my profit margin... As I am already a billionaire 😒

You would, comrade Ivanovich.

Not only now we have got to known that Dangote and co have been stealing from Nigerians.
They are everything negative to this country

Price of 50kg 42.5 Grade Cement should not exceed N2000 in nigeria. President TINUBU need to do needful urgently.

We call on Fg to restore Ibeto Cement. Ibeto has always crashed cement prices while Dangote esp complaining and blackmailing Ibeto until Buhari completely stopped Ibeto from producing any cement

Ibeto is pro-masses. Restore Ibeto Cement. Check what Dangote & Fg under Buhari especially did to Ibeto Cement....

nairalanda1:


You would, comrade Ivanovich.

No I wouldn't. Not if the country is going through changes and challenges... Not everyone is heartless like you

pocom35:
Despite BUA reducing its cement Prices.. The company Still records one of the highest rate of profit..
Abdul Samad Rabiu is an insane business man.. funny enough he is into far more industries other than cement.. here is his business empire


https://www.youtube.com/watch?v=tkV1ImOcojc?si=uhpfSNTfD-aVLu7t

The reduction in cement price has no bearing on this report. The report wasn't from yesterday's data

Okiton:

They used hatred shut down our brother Ibeto Cements for demonic Dangote to thrive in his evil

Yes dangote work

Smithkafors:
Make una vote Obi president. The man would’ve cleaned this country.

This country needs help. Banks are not left out.

Obi would have done nada.

Start forcing cement companies to operate at a loss, they would move overseas.

Obi is an economist. He knows that setting the price for cement is a nice way to make them go broke.

The best Obi would have done would have been to improve power supply and railways for starters to reduce production and transport costs. Then given them tax breaks. Maybe prices might come down

https://www.youtube.com/watch?v=zHxb_0C6yDU?si=Y7VQKgO7w-D_ruQA


RESTORE IBETO CEMENT. IBETO CEMENT IS PRO-MASSES!

CHECK OUT THE VIDEO POSTED ABOVE

pocom35:

he is not worse .. You just seem to have an entitlement mentality...
no living body who is Nigerian has invested more than he has in Nigeria.. most of the investment are from loans He must settle.. He just can't turn business to charity ..He is also has no monopoly at least BUA has opened some people's eyes
BUA's cement price will go back to normal ...just watch

Go back to which normal? Who tell you sey e reduce for open market before??
Better no let anyone deceive you

HandsomeHITLER:

No I wouldn't. Not if the country is going through changes and challenges... Not everyone is heartless like you

You would, comrade.

You have to pay staff raised salaries , pay for raised tax and then upgrade your cement equipment to stay competitive, pay for research and development, and pay running costs which rose and rise

Profits don't end up in the owner's pockets. They go for a host of stuff.

But you Nairalanders are Marxist in orientation, with a simplistic black and white view of rich men oppressing the poor.

FreeStuffsNG:
This calls for immediate diligent investigation for likelihood of national economic sabotage and unfair trade practices against Nigerians by these three companies.

This is utterly shameful and heads must roll in any agency found culpable. For years, there has been strident calls for investigation of these companies cement companies and these calls have been ignored but this report is by far the most compelling to investigate cement pricing in Nigeria. Haba!

Only Lafarge come close to having a significant amount of its shares owned by Nigerians while the 2 cement companies owned by Nigerians are literally one-man business like a 2-man cartel using cement price to hold down the progress of this nation.
More than 90% of the outstanding shares of Dangote cement is owned by Alhaji Aliko Dangote, GCON while about 95% of the outstanding shares of BUA cement is owned by Alhaji Rabiu. So the unparalleled world record profit held by these two companies end in the pocket of these two individuals

THEY JUST HIKE THEIR PRICES ANYHOW AND OUR GOVERNMENT DON'T CARE.
NO GOVERNMENT REGULATIONS.
GOVERNMENT ALLOW THEM TO DO AS THEY LIKE BECAUSE GOVERNMENT OFFICIALS ARE IN THEIR POCKETS.
COMPANIES WITH LOWER PRODUCTION CAPACITIES MAKING MUCH MORE PROFITS THAN OTHER COMPANIES WITH FAR HIGHER PRODUCTION OUTPUTS, SMACKS OF FRAUD AND UNDERHAND PRACTICES.

Even in China is 2k to 2.5k at official rates 759/Dollar

balher:
Price of 50kg 42.5 Grade Cement should not exceed N2000 in nigeria. President TINUBU need to do needful urgently.

Bring back Ibeto cement

All this uneducated youth said Dangote operates monopoly lol
No business dangote is doing with more than 5 people with same license

Refinery 32 company was giving license most of them are looking for who to sell the license for they don’t even have money to invest

MrFixIt007:
₦3,500 per bags that Bua promised to start from the effect of October 2nd, is still some jokes and dream as store still sell at ₦5,800 per bag Nigerian sha! WE don't even know who is playing the Ojoro anymore

There wasn't really any ojoro, people just love rave of the moment.
The #3500 wasn't for the open market, it's a factory price, transportation, other cost and profit margin is excluded.
The best you can get in reduction is about 200/300 difference in the open market

They are all bandits

Smithkafors:
Make una vote Obi president. The man would’ve cleaned this country.

This country needs help. Banks are not left out.

Obi is a crook and a real one for that matter. If he becomes president he will just sell Nigeria, pocket the money and start crying that he doesn't know what happened.

DANGOTE

One
Of
NIGERIA

Problem

Urheadmaster:
See this one like as if you de give anything for free. Oga go and park one side

The truth still remains that Dangote must be investigated for unfair trade practices and economic sabotage.

vikstandon:



The truth still remains that Dangote must be investigated for unfair trade practices and economic sabotage.

Because you want cement at 50 naira a bag

Smithkafors:
Make una vote Obi president. The man would’ve cleaned this country.

This country needs help. Banks are not left out.

let him clean Biafra land first. The blood shed in that dungeon in just too much. Nigeria doesn’t need Obi. Biafra land needs him more.

Taylor92:
Dangote na thief



Criminal

Only Dangote?

Others that posted profits are not thieves?


Hate will kill you!

Sannisege:
let him clean Biafra land first. The blood shed in that dungeon in just too much. Nigeria doesn’t need Obi. Biafra land needs him more.

Last we checked, the so called Biafra land has governors and lg chairmen and senators and house of representatives and a President called Tinubu

Obi holds no elected position there right now

Diligence:
We call on Fg to restore Ibeto Cement. Ibeto has always crashed cement prices while Dangote esp complaining and blackmailing Ibeto until Buhari completely stopped Ibeto from producing any cement

Ibeto is pro-masses. Restore Ibeto Cement. Check what Dangote & Fg under Buhari especially did to Ibeto Cement....

Ibeto cement is around

Buy from them

Upon that greedy supersede his mentality. Indians has dealt with him

FreeStuffsNG:
This calls for immediate diligent investigation for likelihood of national economic sabotage and unfair trade practices against Nigerians by these three companies.

This is utterly shameful and heads must roll in any agency found culpable. For years, there has been strident calls for investigation of these companies cement companies and these calls have been ignored but this report is by far the most compelling to investigate cement pricing in Nigeria. Haba!

Only Lafarge come close to having a significant amount of its shares owned by Nigerians while the 2 cement companies owned by Nigerians are literally one-man business like a 2-man cartel using cement price to hold down the progress of this nation.
More than 90% of the outstanding shares of Dangote cement is owned by Alhaji Aliko Dangote, GCON while about 95% of the outstanding shares of BUA cement is owned by Alhaji Rabiu. So the unparalleled world record profit held by these two companies end in the pocket of these two individuals

We have been saying this but your people keep calling it "Igbos hate the North". They schemed out Ibeto to form the oligopoly because these northerners don't like competition. We have been warning about the so called Dangote refinery, but you keep making noise about it's location in Lagos. All these government protected sectors will only favor certain cabals and not the masses. Tinubu should liberalise these things for competition