The Nigerian Senate plans to investigate the recent surge in cement prices in Nigeria.
During plenary on Wednesday, Deputy Senate Leader, Lola Ashiru raised concerns about the rising cost of cement and other building materials.
According to him, the Senate Committee on Industries should examine the practices of cement manufacturers to determine the cause of the price hike.
He also urged the companies to follow fair market practices and avoid anti-competitive behaviour.
African investors accounted for 22.76% of Nigeria’s foreign capital inflows in Q3 2024.
The National Bureau of Statistics (NBS) has reported that African investors, excluding those from Nigeria, contributed 22.76% of the total...
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