Stats: 3,186,266 members, 7,928,874 topics. Date: Friday, 23 August 2024 at 01:25 AM |
Nairaland Forum / Nairaland / General / Business / Bua Denies Increase In The Price Of Its Cement (235 Views)
BUA Denies Increase In The Price Of Its Cement / Arewa Consultative Forum Worried Over Dangote, BUA Feud / FG Orders Dangote, BUA To Vacate Disputed Mining Site In Edo (2) (3) (4)
(1) (Reply)
Bua Denies Increase In The Price Of Its Cement by GlobalNews2020: 9:52pm On Jun 18, 2021 |
Bua Denies Increase In The Price Of Its Cement, Frowns At Cartel Like Operation To Determine Product Prices The BUA Group has denied an increase in the price of its cement. The clarification came as a result of requests from customers as well as distributors who have been calling to find out whether DANGOTE Cement BUA had also increased its price by 260 Naira. In a signed statement released this afternoon, the BUA group insists that it stands by its earlier decision not to increase cement price which was communicated on April 24, 2021. According to the management of BUA, they are aware that Dangote decided to increase the price of its cement by 260 NAIRA from June 14, 2021. The management also noted that even though there had been a decline in cement demand due to the commencement of the rainy season, any further increase in price will disrupt, the normalization or stabilization of prices. The BUA group further stated that they will always be willing to play their role as a responsible corporate entity rather than associate with others to form a cartel to fix prices which will ultimately not be in the best interest of Nigerians. In their words, ‘ The timing is not right for any increase on BUA’s part and we do not have any justifiable business reason to increase our prices any time soon. They also hope that the price increase by Dangote will not disrupt the downward trend of cement price movement See statement
|
(1) (Reply)
Loopholelink Review - Is It Work Or Not? / Free Money!!! Apply For These Grants Now!!! Closing Soon. Thank Me Later / Technician On Air Condition, Fridge, CHILLERS, Microwave, Water Dispenser Etc
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8 |