In a recent development that has been garnering significant attention, Huaxin’s HBM has announced the recruitment of distributors to compete with Dangote and BUA cement companies. This move comes as Nigeria faces a crisis in its cement prices, with The Guardian Nigeria News reporting on escalating costs affecting the country’s construction industry.
Business News Nigeria highlights that despite Lafarge and Dangote cement companies maintaining their market share, BUA Cement has shown remarkable profit growth, indicating a shift in the competitive landscape. The Nation Newspaper also mentions that the Federal Communication Commission (FCCPC) has summoned Dangote, BUA, and others over rising costs of cement, underscoring the urgency of addressing this issue.