As the Naira experiences fluctuations against the dollar in recent weeks, the ripple effect extends to various sectors, including the construction industry. In Nigeria, where Bitumen and Asphalt are essential components for road construction and maintenance, the impact of currency changes is keenly felt. Here's a breakdown of the current prices as of April 2024:

Bitumen Prices Nationwide:
The cost of Bitumen, a crucial ingredient in Asphalt production, ranges from 1,288,000 to 1,300,000 Naira per ton, excluding transportation. It's important to note that transportation costs vary depending on the delivery location.


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Asphalt Prices:

Abuja/Lagos:
Wearing Course: 120,500 to 121,500 Naira per ton
Binder Course: 115,500 to 118,500 Naira per ton

South/South (Delta, Benin, Port Harcourt, etc.):
Wearing Course: 125,000 to 128,000 Naira per ton
Binder Course: 120,000 to 125,000 Naira per ton

These prices reflect the current market conditions and serve as a guide for stakeholders in the construction industry. Factors such as exchange rates, transportation costs, and demand-supply dynamics contribute to the fluctuations in Bitumen and Asphalt prices.

For construction companies, government agencies, and investors involved in infrastructure projects, staying informed about these price trends is essential for effective budgeting and decision-making. Additionally, it underscores the importance of strategies to mitigate the impact of currency fluctuations and other external factors on project costs.

As Nigeria continues its efforts to enhance its infrastructure and road networks, keeping abreast of the evolving Bitumen and Asphalt prices remains critical for sustainable development and economic growth.

Please note that these prices are subject to change based on market conditions and other factors. For the most accurate and up-to-date information or a free quotes, consult us. Check signature for contact details.

Stay tuned for further updates

Granite nko?

MadamExcellency:
Granite nko?

location?

Gmone:



location?

Southeast

MadamExcellency:


Southeast

17,500 naira per ton for 3/4"

Dollar don drOp, make wuna dey fear Jesus chriSt...biko!

neiht:
Dollar don drOp, make wuna dey fear Jesus chriSt...biko!

.

Inflation still dey rise oo

still on it

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