Rising cement costs hamper Nigeria’s building developers
18 May 2021 |
6:24 am
Nigerian businesses say the cost of construction has soared due to rising cement prices. Lawmakers have criticised the dominance of three large firms in the country's cement industry amid price rises they said impedes construction that is critical to economic recovery. They have called for looser licensing rules to attract new entrants.
Related
Related
1 day ago
To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.
1 day ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
1 day ago
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
11 hours ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
1 day ago
The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.
1 day ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.
Latest
5 hours ago
According to a UNESCO report, a whopping 70 percent of environmental reporters regularly face threats, attacks and intimidation. Meanwhile, UNESCO awards its World Press Freedom Prize to all Palestinian journalists covering the war in Gaza, who are paying a heavy price for their reporting.
5 hours ago
The bus was traveling from a city near the capital, Islamabad, to the mountainous region of Gilgit-Baltistan, near the Chinese border. Road accidents are common in Pakistan due to poor roads and driver training.
8 hours ago
Britain's opposition Labour Party won a parliamentary seat in northern England on Friday and control of several councils, inflicting heavy losses on the governing Conservatives to pile more pressure on Prime Minister Rishi Sunak.
9 hours ago
Viral videos on social media claim to show US President Joe Biden either "shaking hands with a ghost" or with "thin air".
9 hours ago
In this edition of arts24, we hear from British pop star Dua Lipa on her much-anticipated new record "Radical Optimism"
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.