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11.34℃
Wednesday, May 8
This is a further reduction after the refinery adopted a substantial price cut when it rolled out the products at ₦1,200 per litre about four weeks ago, which represents over a 30% reduction from the previous market price of about ₦1,600 per litre.
Speaking about the challenges of doing business in the North East, Dangote said his company is exploring the possibility of investing in cement in Gombe State to address the high cost of transporting the product to the region.
“Some persons have held the business for a very long time; they were profiteering, but we decided that we could afford to sell it at N1000, which is a 60 per cent drop.
He said: “We are looking at the possibilities of investing in cement in the state..
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