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  #7861 (permalink)  
Old 2nd January 2013, 03:06 AM
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Default Re: Economicwatch
LCCI sees prosperity of enterprises in 2013
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  #7862 (permalink)  
Old 2nd January 2013, 03:09 AM
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Default Re: Economicwatch
External reserves fall $6bn below FG target - The Punch - Nigeria's Most Widely Read Newspaper
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  #7863 (permalink)  
Old 2nd January 2013, 03:11 AM
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Default Re: Economicwatch
FMDA Prescribes Fiscal Discipline to Deepen Financial Market
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  #7864 (permalink)  
Old 3rd January 2013, 02:56 AM
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Default Re: Economicwatch
S/Africa Old Mutual sees huge growth opportunity in Nigeria
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  #7865 (permalink)  
Old 3rd January 2013, 03:23 AM
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Default Re: Economicwatch
Number Portability Will Drive Stiff Competition in 2013, Articles | THISDAY LIVE

Regulator, Subscribers, Demand Better Service Quality in 2013 , Articles | THISDAY LIVE
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  #7866 (permalink)  
Old 3rd January 2013, 03:33 AM
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Default Re: Economicwatch
Nigeria may join global economic powers in 2030 – US
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  #7867 (permalink)  
Old 3rd January 2013, 06:38 AM
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Default Re: Economicwatch
Cement glut and the deindustrialisation of Nigeria debate
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  #7868 (permalink)  
Old 3rd January 2013, 07:44 AM
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Default Re: Economicwatch
The Sun News Cement sector groans under massive importation
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  #7869 (permalink)  
Old 3rd January 2013, 01:01 PM
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Default Re: Economicwatch
Quote:
Originally Posted by bamidele97 View Post
How come WAPCO, Unicem, Ashaka are not complaining? Are they not investing in new capacities? In Flour Mills latest report, it indicated its import business ended in June. How much did the govt raise from duties and levies on cement since then? The govt should not distort the market. Issues like capacity utilisation and price determination should be left to the market
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  #7870 (permalink)  
Old 3rd January 2013, 01:12 PM
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Default Re: Economicwatch
Quote:
Originally Posted by eniyanman View Post
How come WAPCO, Unicem, Ashaka are not complaining? Are they not investing in new capacities? In Flour Mills latest report, it indicated its import business ended in June. How much did the govt raise from duties and levies on cement since then? The govt should not distort the market. Issues like capacity utilisation and price determination should be left to the market
WAPCo has closed some of its plants. Production is now about 50% of capacity.
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  #7871 (permalink)  
Old 3rd January 2013, 01:35 PM
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Default Re: Economicwatch
Quote:
Originally Posted by wanaj0 View Post
WAPCo has closed some of its plants. Production is now about 50% of capacity.
so why is the price of cement not coming down?
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  #7872 (permalink)  
Old 3rd January 2013, 02:08 PM
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Default Re: Economicwatch
Quote:
Originally Posted by wanaj0 View Post
WAPCo has closed some of its plants. Production is now about 50% of capacity.
i thought was only one import license. Is the amount enough to cause all this
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  #7873 (permalink)  
Old 3rd January 2013, 02:24 PM
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Default Re: Economicwatch
Quote:
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i thought was only one import license. Is the amount enough to cause all this
Yes o! Only one import licence for just 1.5MT importation!

The fear of Ibeto is the beggining of wisdom for cement manufacturers
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  #7874 (permalink)  
Old 3rd January 2013, 02:29 PM
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Default Re: Economicwatch
Quote:
Originally Posted by overload View Post
Yes o! Only one import licence for just 1.5MT importation!

The fear of Ibeto is the beggining of wisdom for cement manufacturers
But I read a sponsored advert from Ibeto where they said that the type of cement they import is not Portland cement...
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  #7875 (permalink)  
Old 3rd January 2013, 02:35 PM
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Default Re: Economicwatch
Quote:
Originally Posted by wanaj0 View Post
WAPCo has closed some of its plants. Production is now about 50% of capacity.
If some importers have stopped importing (perhaps because it is now uneconomic) and local producers are reducing capacity, this means there is something structurally wrong. It's not importation. Local producers have been increasing capacity recently so we we have a problem of overcapacity. How do they solve this? By becoming more efficient and reducing prices to stimulate demand. Or they can use the failed method of banning the "little" import or forcing all yam flour producers to include cement in it or embarking on an expensive road construction initiative using concrete.
The question still arises why is WAPCO, Ashaka and Unicem not complaining?
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  #7876 (permalink)  
Old 3rd January 2013, 02:39 PM
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Default Re: Economicwatch
Quote:
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so why is the price of cement not coming down?
Good question. If supply exceeds demand, prices fall. But that is not happening. Why? Protecting (high) profit margins. Anti-trust?
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  #7877 (permalink)  
Old 3rd January 2013, 02:43 PM
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Default Re: Economicwatch
Quote:
Originally Posted by goldsun2 View Post
i thought was only one import license. Is the amount enough to cause all this
Obviously not. There are structural issues involved. banning imports won't solve it. We predicted there will be over capacity, we just didn't know it would happen so soon.
So what happened to the plan to export excess production?
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  #7878 (permalink)  
Old 3rd January 2013, 02:49 PM
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Default Re: Economicwatch
Quote:
Originally Posted by horlads View Post
But I read a sponsored advert from Ibeto where they said that the type of cement they import is not Portland cement...
Nigeria: Cement War - Dangote, WAPCO Hit Back At Ibeto - allAfrica.com
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  #7879 (permalink)  
Old 3rd January 2013, 03:24 PM
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Default Re: Economicwatch
Quote:
Originally Posted by eniyanman View Post
Good question. If supply exceeds demand, prices fall. But that is not happening. Why? Protecting (high) profit margins. Anti-trust?
i think the shutting down of their is reason why the price has not drop
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  #7880 (permalink)  
Old 3rd January 2013, 03:48 PM
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Default Re: Economicwatch
Quote:
Originally Posted by eniyanman View Post
Good question. If supply exceeds demand, prices fall. But that is not happening. Why? Protecting (high) profit margins. Anti-trust?
I ques by suspending production and keeping excess stock in stores and away from the market. I also understand from my cement dealer that transport cost, which keeps going up with the current fuel scarcity, is the factor keeping prices high.
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