Dangote Group has denied claims making the round of reducing the price of Cement to N2,700 per 50-kilogramme bag from N5,500.
Anthony Chiejine, Spokesperson for Dangote Group, disclosed this on Monday. Chiejine described the claim as fake news.
“It is fake news”, he said in a terse reply seen by our correspondent.
His reaction comes amid speculation that the Dangote group crashed the cement price by 50 per cent with effect from October 1st, 2023.
Earlier, our correspondent had commented that the report was fake.
However, barely two weeks ago, BUA Cement had hinted at plans to reduce the price of a 50kg bag of cement to between N3,000 and N3,500.
BUA chairman, Abdul Samad Rabiu disclosed this after meeting with President Bola Ahmed Tinubu.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
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