BUA Denies Increment In Cement Price, Frowns At Cartel - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

BUA Denies Increment In Cement Price, Frowns At Cartel

The Source by The Source
June 18, 2021
in News
0
BUA Denies Increment In Cement Price, Frowns At Cartel
0
SHARES
12
VIEWS
Share on Facebookshare on whatsappShare on Twitter

The BUA group has denied increase in the price of it’s cement. The clarification came as a result of requests from customers as well as distributors who have been calling to find out whether, like other company Cement BUA had also increased its own 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 other company decided to increase the price of it’s cement by 260 NAIRA from June 14, 2021. The management also noted that even though there had been decline in cement demand due to commencement of rainy season, any further increase in price will disrupt, the normalisation or stabilisation  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 to increase our prices any time soon.

They also hope that the price increase by others will not disrupt the downward trend of cement price movement

See statement

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Tags: BUACartelCement
Previous Post

South Africa Honours Zambia’s Kaunda With 10 Mourning Days

Next Post

My Suspension A Ruse – Gbajabiamila Aide, Kolapo Alimi Reacts

The Source

The Source

Related Posts

Defence Academy Attack: Bandits Demand N200m Ransom For Abducted Officers
News

Bandit Leader Babaro Seizes Kankara, Bans Farming, Kills Dozens

by The Source
June 26, 2025
NYCN Exonerates Osun Govt over Alleged Tempering of Youth CONFAB List
News

NYCN Exonerates Osun Govt over Alleged Tempering of Youth CONFAB List

by The Source
June 26, 2025
EHOAN Congratulate Gov Sanwo-Olu on Birthday
News

EHOAN Congratulate Gov Sanwo-Olu on Birthday

by The Source
June 25, 2025
APC and PDP flags
News

Afenifere Seeks FG’s Intervention In Osun LG Crisis

by The Source
June 25, 2025
INEC Under Fire For Giving Certificate Of Return To ‘Wrong Person’ In Ogun
News

Purported Non-Registration Of ADA Fake News – INEC

by The Source
June 25, 2025
Next Post
My Suspension A Ruse – Gbajabiamila Aide, Kolapo Alimi Reacts

My Suspension A Ruse - Gbajabiamila Aide, Kolapo Alimi Reacts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • NYSC Organises Medical Outreach for Osun Community
  • The Crucial Role of Environmental Health Officers in Abattoir Management and Sanitation
  • Police Arrest Four With Branded NANS Branded vehicle in Osun, Others

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In