BUA Group has announced a reduction of ex-factory cement price to N3,500 per bag.
In a statement yesterday, the company announced that the new price will take effect from today, Monday, October 2, 2023.
The previous ex-factory price stood at N4,650 and was sold at N5,000 in the market.
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BUA told dealers that all pending undelivered orders which had been paid for at the old price will be reviewed downwards in line with the new pricing.
Recall that following a visit to the President at Aso Rock last month, Chairman of BUA Group, Abdul-Samad Rabiu, told State House Correspondents that his company was set to reduce the price of cement.
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