Cement prices remain a hot topic across Nigeria as builders, contractors, and homeowners continue to grapple with rising construction costs.

A recent market survey by Gossipnewsnow reveals that prices differ based on the brand, product type, and intended use.

Latest Cement Prices (Per Bag)

• Dangote Cement – ₦10,200 (50kg bag)
• BUA Cement – ₦10,000 (50kg bag)
• Plaster of Paris (POP) Cement – ₦10,000
• White Cement – ₦16,000
• Refractory Solution Castable Cement (Fire Cement) – ₦33,000

Dangote and BUA, Nigeria’s two biggest cement producers, currently sell their 50kg bags between ₦10,000 and ₦10,200. This reflects continued pressure from high energy costs, logistics challenges, and the fluctuating exchange rate.

Specialty cement products attract even steeper prices. POP cement, commonly used for ceilings and decorative works, is sold at ₦10,000 per bag. White cement, preferred for tiling, finishing, and decorative surfaces, goes for ₦16,000 per bag. At the premium end, Fire Cement—vital for high-temperature industrial applications—costs as much as ₦33,000 per bag.

Key Factors Behind Rising Cement Prices

• Energy Costs: Cement production requires large amounts of electricity and gas, with recent energy price hikes raising manufacturing expenses.
• Transportation & Logistics: Poor road infrastructure, high diesel costs, and haulage fees significantly affect final market prices.
• Forex Volatility: With many raw materials and equipment linked to the dollar, naira depreciation directly drives up costs.
• Market Demand: Increased demand during peak construction periods pushes prices higher.
• Specialization: Niche products like POP, white, and fire cement are costlier due to limited production and higher processing expenses.