FCCPC Uncovers Cement Price Manipulation in Nigeria
The regulator said major producers cooperated, except one company, as it reviews pricing records and market conditions after complaints about rising cement costs.
- On Tuesday, the Federal Competition and Consumer Protection Commission announced it uncovered possible cement price manipulation following a three-month industry-wide investigation.
- Widespread complaints about rising cement costs prompted the probe, as prices in some areas surged to between N13,000 and N15,000 per 50kg bag by July 2026.
- To assess market conditions, the commission examined cement markets in Kenya, Tanzania, South Africa, Egypt, Morocco, Algeria, and Togo, comparing them with the Nigerian market.
- The FCCPC issued notices of investigation and summons to major manufacturers, with all major companies cooperating by providing records except one unnamed firm.
- Executive Vice Chairman Tunji Bello stated the probe is vital because cement prices directly impact the cost of building homes, commercial properties, and public infrastructure across Nigeria.
19 Articles
19 Articles
Nigerians pay more for cement than African neighbours – FCCPC
FCCPC investigates why Nigerians pay more for cement than other African countries despite high production capacity, suggesting possible price manipulation. Read More: https://punchng.com/nigerians-pay-more-for-cement-than-african-neighbours-fccpc/
Cement costs more in Nigeria than Kenya, Tanzania as FCCPC probes pricing
The regulator says preliminary findings from a three-month investigation have raised questions over whether the sharp increase in cement prices is fully explained by production and distribution costs. The post Cement costs more in Nigeria than Kenya, Tanzania as FCCPC probes pricing appeared first on Premium Times Nigeria.
FCCPC uncovers cement price manipulation in Nigeria
The Federal Competition and Consumer Protection Commission, FCCPC, says an industry-wide investigation it recently conducted suggested possible manipulation of prices of cement in the Nigerian market. The commission disclosed this in a statement issued on Tuesday by its Director of Corporate Affairs, Ondaje Ijagwu. The statement said the development followed a three-month cross-border study, which was conducted by the commission’s Anticompetitiv…
Cement price: FCCPC uncovers possible manipulation after 3-month probe
The Federal Competition and Consumer Protection Commission (FCCPC) says it has uncovered possible manipulation of cement prices in the Nigerian market following a three-month industry-wide investigation. The post Cement price: FCCPC uncovers possible manipulation after 3-month probe appeared first on Vanguard News.
FCCPC Probes Cement Price Surge: Nigeria N15,000 vs Kenya N7,344
FCCPC probes why cement costs N15,000 in Nigeria but N7,344 in Kenya The Federal Competition and Consumer Protection Commission (FCCPC) has initiated a comprehensive probe into suspected price manipulation in Nigeria’s cement industry, following a dramatic spike in retail prices that now exceed N15,000 per 50kg bag. The regulatory agency confirmed that it has summoned […]
Cement Prices in Nigeria Higher than Other African Countries, Says FCCPC - Economi Confidential
The Federal Competition and Consumer Protection Commission has said its preliminary investigation into Nigeria’s cement industry suggests possible manipulation of cement prices, following widespread complaints over the soaring cost of the commodity despite the country’s large production capacity and abundant limestone deposits. The post Cement Prices in Nigeria Higher than Other African Countries, Says FCCPC appeared first on Economi Confidentia…
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