Dangote cement is one of the most widely purchased brands of cement in Nigeria at the moment. Builders and constructors prefer this brand of cement because it’s strong and dries up faster than others available in the market.
We understand that the price of cement in Nigeria changes very often and knowing the current price can be a bit challenging. And that’s why we’ve decided to detail current prices of Dangote cement on this page. And we will do our best to update the post from time to time as the market prices change.
Dangote Cement Price Today (as of today)
Currently, the price of Dangote cement is ₦2,570 per bag (50kg), and ₦1,500,000 per wholesale package (600 bags).
Note, however, that this price varies from location to location within the country. In most places in the country, the retail price is usually a bit higher than the standard market price, with the increment going up to as much as ₦200 per bag in places like Lagos and Abuja.
Why the price of Dangote cement remains unstable
The frequent fluctuations in Dangote cement prices in Nigeria are not unconnected with the unpredictable and difficult operating conditions and environments. Disruptions in the supply of gas as well as the high cost of Automotive Gas Oil (diesel), which most cement factories depend on for energy, has not been helping matters. Aside this, other factors such as increasing electricity tariffs, inability to access foreign exchange, and ever-changing government policies also contribute to the increase in production cost of cement in Nigeria.
In addition, due to the harsh economy, consumers are finding it more difficult to buy cement at current prices, leading to reduced sales and profits for the manufacturers, who can only hedge against these problems by increasing prices. It’s sad that the price of cement in Nigeria keeps going up despite the fact that the commodity is being massively produced in the country, and there is a ban on the importation of foreign-made cement into the country.
About Dangote Cement Plc
Dangote Cement Plc is no doubt the biggest player in the Nigerian cement manufacturing scene. The company, which has its headquarters in Lagos, is a subsidiary of Dangote Industries Limited, owned by the richest man in Nigerian and Africa, Alhaji Aliko Dangote. Formerly known as Obajana Cement Plc, the company prepares, imports, packages, and distributes cement and related products across Nigeria and the whole of Africa.
The company presently has cement manufacturing plants in Obajana in Kogi state (which is the largest cement factory in sub-Saharan Africa), Ibese in Ogun state (opened in 2012), and Gboko in Benue state. The Obajana plant produces 10.25mmtpa (million metric tonnes per annum), the Ibese plan produces 6mmtpa, and the Gboko plant produces 4mmtpa. In all, the company produces a total of about 20.25mmtpa of cement. Outside Nigeria, the company also has manufacturing plants in Senegal and Tanzania, and is planning to spread its tentacles to reach Cameroon, Kenya, Zambia, South Africa, and Congo.
Dangote Cement Plc is listed on the Nigeria Stock Exchange (NSE). In 2014, four years after the company went public, the company was reported to have accounted for a staggering 20% of the total market capitalization of the NSE. The company is one of the biggest components and the Dangote Group.
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