FCCPC probes price manipulation in Nigeria’s cement market

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced a fresh investigation into the cement industry over indications of possible price manipulation and other anti-competitive practices.
The Commission said its preliminary findings followed a three-month, cross-border investigation by its Anticompetitive Practices Department (ACP), launched in response to widespread complaints over the rising cost of cement in Nigeria.
The 40-page field reports examined cement markets in Nigeria and other African countries, including Kenya, Tanzania, South Africa, Egypt, Morocco, Algeria and Togo.
The investigation focused on factors including limestone availability, popul...