Nigerian Billionaire Crashes Cement Price to N3,500, Dealers Cash In, Resell at New Price

Nigerian Billionaire Crashes Cement Price to N3,500, Dealers Cash In, Resell at New Price

Nigerian Billionaire Crashes Cement Price to N3,500, Dealers Cash In, Resell at New Price …C0NTINUE READING HERE >>>

Nigerian billionaire Abdul Samad Rabiu has revealed that his company, BUA, reduced the price of a bag of cement to N3,500Rabiu revealed that dealers took advantage of the low price and sold the product with a high profit margin to NigeriansThe company was forced to reverse its prices due to the devaluation of the naira, exchange rate volatility, and the increased cost of business operations

Henzodaily.ng journalist Dave Ibemere has over a decade of business journalism experience with…

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