Opaindex
Building Materials prices in Nigeria
Sector market report · 3 tracked items ·
Building Materials prices in Nigeria were mostly higher in the week to 23 June 2026: of 3 tracked items, 2 rose and 1 eased, with Cement the biggest move (+3.2% to ₦9,500 per 50kg bag).
Key takeaways
- Opaindex tracks 3 building materials price points in Nigeria, each carrying its source, as-of date and confidence rating.
- In the week to 23 June 2026, 2 items rose and 1 eased week-on-week.
- Cement saw the biggest move, +3.2% to ₦9,500 per 50kg bag.
- Prices range from ₦750 (Sandcrete Block (9 inch)) to ₦9,800 (Iron Rod (12mm rebar)), drawn from 3 distinct sources.
Current building materials prices
| Item | Price | Day |
|---|---|---|
| Iron Rod (12mm rebar) Nigeria · per length | ₦9,800 | +0.5% |
| Cement Nigeria · 50kg bag | ₦9,500 | +1.6% |
| Sandcrete Block (9 inch) Lagos · per block | ₦750 | 0.0% |
Tap any item for its full sourced page — price history, source, freshness and confidence.
This week
Risers (2)
- Cement +3.2%
- Sandcrete Block (9 inch) +2.0%
Decliners (1)
- Iron Rod (12mm rebar) -1.1%
Biggest move: Cement, +3.2% to ₦9,500.
Related coverage
- Nigerian stocks switch to T+1 settlement as the NGX All-Share Index cools from its May record
The Nigerian Exchange moved to T+1 settlement on 1 June 2026. After peaking near 250,385 points on 31 May, the All-Share Index slipped through early June before rebounding to 240,743.19 by 23 June — still up about 55% for the year.
- CBN holds interest rate at 26.5%, pausing its 2026 easing cycle as inflation ticks up
Nigeria’s Monetary Policy Committee kept the benchmark rate (MPR) at 26.5% at its 19–20 May 2026 meeting — its first pause after February’s cut — as headline inflation edged up to 15.69% in April.
- Naira holds near ₦1,370/$ at official window as parallel-market gap widens to ~3%
The CBN official rate sat at ₦1,370.46/$ on 23 June 2026 while the street rate reached about ₦1,408, reopening a roughly 3% premium even as FX reforms steady the official market.
- Nigeria cement prices climb 3% in a week as diesel costs bite
A 50kg bag of cement now averages ₦9,500 nationwide, with builders pointing to higher diesel and FX pressure on inputs.