Cement price dropped significantly from N2000 and N25000 in January/February to N1, 500 in March and early April, according to a Business Day of Nigeria survey.
But a fresh survey conducted weekend revealed that a bag of cement, which sold for between N1500 and N1600 last week in Lagos has risen to between N1700 and N1800.
In the Federal Capital Territory and Niger State, a 50-kilogram bag of cement now sells for N1900, which is also the prevailing price in Bwari, Kubwa, Karu, Piwoyi as well as Suleja ( Niger State). Only last week, the commodity went for N1650 in Suleja.
In Ibadan and Port Harcourt, the price of the commodity is relatively stable at N1700 and N1500, respectively.
