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Nairaland Forum / Nairaland / General / Business / Why Exactly Is The Cement Price Going Up This Way? (40306 Views)
BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu / BUA Promises To Reduce Cement Price / Dangote: Our Cement Price Is Lower In Nigeria Than Other Countries (2) (3) (4)
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Re: Why Exactly Is The Cement Price Going Up This Way? by kpompey: 2:55pm On Feb 17 |
MASTERCHIEF0847:I maintained my position you and your useless parent will die in abject poverty.They raised a dunce and a society wahala. If you are not foolish, even a toddler knew that people like Dangote will never allow the system work because they made their billions from this subornation. A man who visited Jonathan in the morning because he was leading the presidential election, later to Buhari as result changes is nothing but unscrupulous element who is feeding on the wealth meant for all Nigerians. Your parent should consider themselves as barren because you are nothing but a waste of semen. Oloriburuku |
Re: Why Exactly Is The Cement Price Going Up This Way? by zoraro(m): 2:58pm On Feb 17 |
Coincidentally, the price of Dangote sugar is also jumping almost every one week now. |
Re: Why Exactly Is The Cement Price Going Up This Way? by forgiveness: 3:03pm On Feb 17 |
VeeVeeMyLuv: What were you expecting when you borrow billions of dollars to defend naira? Are you expecting this current administration to continue to borrow billionsof dollarsto defend naira? |
Re: Why Exactly Is The Cement Price Going Up This Way? by Fujiyama: 3:05pm On Feb 17 |
Interesting thread. Good points by nearly all posters about how the cost of production is central to pricing decisions. Strange how when some of us ask the same question about production costs in the petroleum industry, some people pretend not to know what we are talking about. |
Re: Why Exactly Is The Cement Price Going Up This Way? by fxexperts: 3:06pm On Feb 17 |
MASTERCHIEF0847:You guys are just so funny, how is dollar dependent now the cost of all this rubbish. you all should realize that the naira has loosed over 3x its previous value. If we had gotten that Chinese currency swap deal years back it would have still been same effect today. So you all think dollar is going up, Euro is going up Chinese yuan is going up even CEFA is going up, what kind of rubbish thinking is all this. So because Naira has loosed it monetary value you all also want cement and other commodities to lose their value too. Lifemanage:Continue your hate filled mentality for the rich. it is the masses who will face the wrath of their useless decision to vote this rubbish. Feldie:Why don't you start the boycotting, you are just a huge joke. Even if they bring imported cement to Nigeria, they price will be far more than this. If Dangote cement monetary value decide to drop with the falling naira, foreign countries like Niger will sweep up all the cement been produced in Nigeria and its citizens will not see any to buy, and if that has happened all we need to do was to increase production, thereby exporting more cement which will in turn improve the value of the naira. |
Re: Why Exactly Is The Cement Price Going Up This Way? by fxexperts: 3:10pm On Feb 17 |
Flier:Vey correct, but most Nigerians do not want to listen to sound counsel. Otiwaikuku:So you are saying the value of cement should reduce with the value of the naira too. you all are a huge joke. |
Re: Why Exactly Is The Cement Price Going Up This Way? by DOM7: 3:14pm On Feb 17 |
Ask tinubu and his economy team bunch of clueless people. |
Re: Why Exactly Is The Cement Price Going Up This Way? by Ever8090: 3:17pm On Feb 17 |
MASTERCHIEF0847:do they import the heavy equipment every hour?...I stoped reading when I saw this point |
Re: Why Exactly Is The Cement Price Going Up This Way? by bentenny(m): 3:19pm On Feb 17 |
BluntCrazeMan: Alternative electricity eg diesel powered generators in the absence of no electricity Multiplicity of taxes Increased transport cost due to imported pms and diesel Lack of Accessible roads to most areas in the country Insecurity Police tax/bribe along the highway Inability to access FX to purchase equipments or raw materials not available in the country All these are factored in the production cost which leads to an increase in the price! Until these issues are tackled sufficiently,prices will keep going up! |
Re: Why Exactly Is The Cement Price Going Up This Way? by judatech: 3:25pm On Feb 17 |
I love your analysis. It would have been better without insult... Cheers! MASTERCHIEF0847: 1 Like |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:25pm On Feb 17 |
Ever8090:You shouldn't have bothered to comment then... Sherlock They don't buy the equipment every hour but they practically run the equipment all day you genius. Do you think they just turn on and off SCADA systems in a cement plant like cooking gas? Do you know the process of turning on and off a cement kiln? Damn sure you have no idea |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:27pm On Feb 17 |
judatech:Sometimes you have to give this NL mob a dose of their medicine. 1 Like |
Re: Why Exactly Is The Cement Price Going Up This Way? by judatech: 3:31pm On Feb 17 |
😊... NL no be small planet o! MASTERCHIEF0847: |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:39pm On Feb 17 |
kpompey:My father is late, he attained the rank of Brig.Gen in the Nigerian Army and was commander of 22 Armored Brigade based in Sobi, ilorin Kwara state. My mother who is also late was a medical doctor during her lifetime, none of these people were poor by the grace of God not to talk of poverty ...but am not so sure about you, your parents must be facing the great tinubulation You're just a jealous and envious sloth |
Re: Why Exactly Is The Cement Price Going Up This Way? by LordBillionz: 3:39pm On Feb 17 |
MASTERCHIEF0847:Not at the rate the price increases. Let's stop being sentimental. What changed? |
Re: Why Exactly Is The Cement Price Going Up This Way? by Hotice085: 3:45pm On Feb 17 |
MASTERCHIEF0847: Which kind rubbish talk dis one de yarn |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:45pm On Feb 17 |
Business3600:Okay. Pls kindly name the sites where gypsum is produced in commercial quantities in Nigeria, enough to even satisfy 20% of local demand. "As a miner"...there are hundreds of miners in Nigeria ...except you're involved in limestone mining or coal mining else this type of mining is above your league You guys fail to understand that Nigeria even imports petroleum products even though the country is a major producer of crude oil and you are finding it hard to believe the country imports gypsum lol. |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:48pm On Feb 17 |
Hotice085:Please provide an a counter narrative that is not rubbish, i will wait. Kindly crawl back to the cave you emerged from you Early-Man |
Re: Why Exactly Is The Cement Price Going Up This Way? by Hotice085: 3:48pm On Feb 17 |
MASTERCHIEF0847: Just listen to the absolute nonsense this one is saying Instead of saying you want to cash in in the baseless speculative fraud in the FX market you de here de run ya mouth like basket |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:50pm On Feb 17 |
LordBillionz:Sentimental? Okay, provide an alternative explanation to mine, i might learn a thing or two cos we learn everyday. |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 3:54pm On Feb 17 |
Hotice085:Is everything okay at home? ... Your pea size brain is playing tricks on you What speculative FX fraud is this lunatic foaming from the mouth about? Chineke What an absolute idiot you are. |
Re: Why Exactly Is The Cement Price Going Up This Way? by Hotice085: 3:55pm On Feb 17 |
MASTERCHIEF0847: So the imported gypsum Dangote has and others you think they haven't paid for it long before now and even up to a year or 2years upfront? Is any of them complaining of increase in production cost or the middlemen as abserved by the minister? Explain this nonsense transportations cost, how many Dangote truck they run on Diesel? |
Re: Why Exactly Is The Cement Price Going Up This Way? by Hotice085: 3:57pm On Feb 17 |
MASTERCHIEF0847: See lizard brain that thinks cement companies buys their imported products like akara on daily basis |
Re: Why Exactly Is The Cement Price Going Up This Way? by Yampotatocarrot(m): 4:01pm On Feb 17 |
Flier: I'll go with your answer over those shouting increase in cost of diesel and dollar rate As someone rightly said, diesel was selling around #1200 as at October last year and dollar was around #1350 or so, yet fuel was selling for #4800 I believe it's the same thing happening to foodstuffs that is happening to cement... It's now more profitable to export than to sell within Nigeria... Hence, you either agree to buy at the rate they'll sell to foreigners, or you leave them to sell to foreigners This should have actually been a good thing if we were producing more than enough, atleast we'll get a lot of the needed forex |
Re: Why Exactly Is The Cement Price Going Up This Way? by BluntCrazeMan: 4:02pm On Feb 17 |
MASTERCHIEF0847:Done. Bye |
Re: Why Exactly Is The Cement Price Going Up This Way? by BluntCrazeMan: 4:03pm On Feb 17 |
peteofi:Chaaiii.. |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 4:03pm On Feb 17 |
Hotice085: Did i touch a nerve? Why are you mad bro? ... I am not Tinubu or your state governor, i am not responsible for your misery and frustration na ... you are barking at the wrong tree Ekuke |
Re: Why Exactly Is The Cement Price Going Up This Way? by Hotice085: 4:06pm On Feb 17 |
MASTERCHIEF0847: Shut up ya lose mouth, common sense you no get u de open ya mouth de shout production and transportation People will just be exploiting you like Christmas goat and you will be clapping nonsense for them Wetin concern me and Tinubu, thunder fire you dia |
Re: Why Exactly Is The Cement Price Going Up This Way? by Bearfruit(f): 4:09pm On Feb 17 |
For people to be homeless of cause! |
Re: Why Exactly Is The Cement Price Going Up This Way? by lawani: 4:11pm On Feb 17 |
Cost of production has greatly increased. Dangote can not do more than sell marginally above other companies in west Africa and he is not the only one in Nigeria. You can always Google search cement prices across the world since it is not only in Nigeria they sell cement |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 4:11pm On Feb 17 |
Hotice085:The entire process of manufacturing runs on diesel you genius ... Manufacturers association of Nigeria is complaining of costs of production, bread bakeries are complaining (their association help a press conference in Abuja), GSK , PZ and others complained of same before leaving Nigeria for Ghana, just because you're not aware if they complained of same doesn't mean they didn't complain cos they sure did. |
Re: Why Exactly Is The Cement Price Going Up This Way? by MASTERCHIEF0847(m): 4:18pm On Feb 17 |
Hotice085:Why are you mad bro? The great tinubulation dey affect you? Have you eaten today? Cos hungry man na angry man lol. Nobody is exploiting me, it's a lazy sloth like you that feels exploited...na you numskull Dangote want exploit? The only Dangote products you can afford is Sugar and Salt, restrict your discussions to topics on this products, cement is way above your pay-grade |
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