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Nairaland Forum / Nairaland / General / Business / Dangote Is Selling Cement For 1,150 Naira In Zambia (65909 Views)
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Staphylococcus: 7:28pm On Apr 06, 2021 |
Aconomist: You are not brilliant OP Chevron and Shell selling PMS over $2.50/Liter in the USA, Why are they selling cheaper in Nigeria You see that comparison is baseless 2 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:28pm On Apr 06, 2021 |
Sunmoluvic:Nigeria is covered in limestone, most of Dangote's mines have a 250 year lifespan. There is no scarcity of the raw material. 8 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by ALLNIGERIANSMAD(m): 7:28pm On Apr 06, 2021 |
ayterajah:this is exactly the problem of Nigeria, when we say something is bad, some like this guy will come and defend evil where as he/she is also victim of the situation, 5 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Incognito403: 7:28pm On Apr 06, 2021 |
CSTRR:Your thinking has been obfuscated by hate and bitterness. You're not making any sense. It's easy to see. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by isaiahethan: 7:28pm On Apr 06, 2021 |
[quote author=jaszplus12 post=100392512] 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!! Ode 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Coolbadguy: 7:28pm On Apr 06, 2021 |
I hear say buhari driver die inside Aso rock, abeg na joke abi na wetin i dey hear so.. Na God go punish all the people, being business men or billionaire that is control this nations wealth or politician. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by john633(m): 7:29pm On Apr 06, 2021 |
Dangote is a clown |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:29pm On Apr 06, 2021 |
Not true, "Local production is useful but it should not come at all costs. So much was made of the expected outcomes for Nigeria once cement production was localised, but have the premises for those promises been proven right? Available data shows that Nigerian cement firms have the world’s highest profit margins, with Dangote Cement having margins of 45 per cent, when margins of major cement producers in other countries in India, Germany, Mexico, range from 1 to 14 per cent, with one other outlier being China’s Anhui Conch Cement that has a 21 per cent profit margin. Margins this high in what is arguably the least developed continent on the planet do not make a lot of sense. Having profits from lower margins on higher volumes would give more of a mutually beneficial situation." You can read the full article here: https://www.premiumtimesng.com/opinion/450128-of-dangote-and-near-absolute-monopolies-by-cheta-nwanze.html jaszplus12: 4 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:29pm On Apr 06, 2021 |
Staphylococcus: Dangote is selling cement at double its cost of production. Get that trough your mushy Nigerian brain. 12 Likes 2 Shares
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Asour: 7:30pm On Apr 06, 2021 |
Aconomist: There are least 3/4 major cement producers in Nigeria. If Dangote's cost is exorbitant & BUA says Nigeria is the least cost producer of cement, Why doesn't BUA & Lafarge sell at half the price of Dangote's currently? 3 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by godofuck231: 7:30pm On Apr 06, 2021 |
When the authorities in power have compromised themselves 1 Like |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:30pm On Apr 06, 2021 |
They have their own share na! Masonkaycares: |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by godofuck231: 7:30pm On Apr 06, 2021 |
When the authorities in power have compromised themselves as usual |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by tayooluwole: 7:31pm On Apr 06, 2021 |
Aconomist: At first sight, it’s pathetic to realize this huge price differences compare to other countries but then, before standing firm to a conclusion I think we need to asses many factors side by side. The tax system in Nigeria, the availability of raw materials and the price compare to other countries. Do we yet know how cheap it is to get these materials in other countries, how huge or cheap is the reward for labour services over there. I think these are important parameters in drawing our inferences |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:31pm On Apr 06, 2021 |
Asour:They have no incentive to do that. According to Rabiu, the problem in the industry is scarcity. They can't produce enough to meet demand. The only solution is to allow more companies to enter the industry and compete OR allow imports. 5 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by AlexB300: 7:31pm On Apr 06, 2021 |
Csami:no mind em. Old men displaying their ineptitude |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:31pm On Apr 06, 2021 |
Not true. https://www.premiumtimesng.com/opinion/450128-of-dangote-and-near-absolute-monopolies-by-cheta-nwanze.html PlsBanMe: 1 Like |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 7:31pm On Apr 06, 2021 |
Aconomist: Also do well to check Zambia taxes . Are their taxes the same thing with Nigeria? Nigeria gov't tax almost everything, even the recharge card you use in making calls. Vat was 5% but has been increased to 7.5% and withholding tax is 5% COT 30%, education tax 2%. Meanwhile, there are other state and local government levies coupled with host community social responsibility. When cost of production is high , companies don't offer their goods at cheap price. Check every product in the Nigeria market today, they are expensive mainly because of taxes. Even your withdrawals from banks are now being taxed. And failed transactions are not exempted. The problem is from your government, not companies |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by kenex4ever(m): 7:31pm On Apr 06, 2021 |
jaszplus12:It's obvious you cannot afford 20bags of cement, if not you would understand that it's not about tribe but simply making things hard for every Nigerian. Even rent will increase 5 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Staphylococcus: 7:31pm On Apr 06, 2021 |
Aconomist: And Ibeto, Lafarge and Ashaka are selling far cheaper shey! You are not brilliant. Why cant competitors crash price? Cos its not profitable 4 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Gentlerespect76: 7:32pm On Apr 06, 2021 |
ayterajah: So what are you actually trying to say? Huh? 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Machinegun91(m): 7:32pm On Apr 06, 2021 |
Nigerian people are extremely wicked 1 Like |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:32pm On Apr 06, 2021 |
I love it when people argue with facts. Aconomist: 9 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:32pm On Apr 06, 2021 |
tayooluwole: All of this information is in Dangote's financial report. He sells cement at double his cost of production in Nigeria (60% EBITDA margin) compared to a 22% EBITDA margin in other African countries. 5 Likes 1 Share
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by akilo1: 7:32pm On Apr 06, 2021 |
We are stipl looking at his ass matter |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by UnabashedIPOB: 7:33pm On Apr 06, 2021 |
The problem is because you're in ONE NIGERIA. How on earth can one man be in charge of such essential commodities in a country with a population north of 100 million? He claims to be a billionaire. Anyone even without any business acumen that is allowed to monopolize such essential commodities would be a billionaire as well. His billionaire status needs to be qualified. He did not get where he is due to his hard work but due to his pedigree...being a FULANI. 7 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Forumobserver12(m): 7:33pm On Apr 06, 2021 |
He also sold the same product almost two times cheaper in Ghana few years ago, the annoying part of it is that the same product he was produced in Nigeria and exported to Ghana.. All these things are happening because the people we have in authority are in bed with him... 8 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Trybes(m): 7:33pm On Apr 06, 2021 |
Terrible! I hope this vital info crashes the price of cement from the current N3900 to N1500 |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:34pm On Apr 06, 2021 |
Dangote crippled Ibeto using OBJ. https://nairametrics.com/2018/08/25/cement-wars-the-battle-for-cement-dominance-between-ibeto-vs-dangote/ Permesso: 3 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Jonegonu: 7:34pm On Apr 06, 2021 |
expliciit:mr baskets mouth when dangote was investing his money in business people from your village are buying G-wagon jeep |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lafrresh: 7:34pm On Apr 06, 2021 |
Whatever you want say is your problem but if you are a businessman your main goal is to increase your profit �. It's now left for the government and consumers to allow you sell at that price. If people don't buy no one would tell him before he reduces his price na , it's because he has a high number of consumers and the government didn't set a maximum price for him. Car sellers do the same , most of the cars they buy are salvaged. They repair it and sell it at astronomical prices . Ok lemme ask you this question , if you were Dangote would you reduce your price or increase it to make profit You'll probably say increase so I don't see why you are insulting him 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DannyG8(m): 7:34pm On Apr 06, 2021 |
ayterajah:you are mad and stupid is Nigeria economy good , stop hypocrisy it won't help us you mean Nigeria is more richer than Zambia haven't you heard that Nigeria has the highest unemployment rate in the world stop being foolish my advice 3 Likes |
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