Nigeria weekly market wrap (13 July 2026): Cement leads price gains
Across 7 daily-tracked Nigerian prices, 4 rose and 3 eased in the week to 13 July 2026 — Cement led gains (+3.2%) while Rice (local) eased (-2.3%).
Cement is ₦9,500 per 50kg bag in Nigeria as of 23 June 2026, up 1.6% on the day. This hub tracks the live Cement price with its source and the latest 8 stories covering it.
| Item | Price | Day |
|---|---|---|
| Palm Oil Lagos · 25 litres Confidence: Medium confidence | ₦48,000 | -0.8% |
| Iron Rod (12mm rebar) Nigeria · per length Confidence: Medium confidence | ₦9,800 | +0.5% |
| Rice (local) Nigeria · 50kg bag Confidence: Medium confidence | ₦82,000 | +0.4% |
| Groundnut Oil Nigeria · 25 litres Confidence: Low confidence | ₦62,000 | +0.3% |
| Sandcrete Block (9 inch) Lagos · per block Confidence: Medium confidence | ₦750 | 0.0% |
| Petrol (PMS) Nigeria · per litre Confidence: High confidence | ₦1,075 | 0.0% |
| Diesel (AGO) Nigeria · per litre Confidence: High confidence | ₦1,500 | 0.0% |
| Cooking Gas (LPG) Nigeria · per kg Confidence: Medium confidence | ₦1,400 | 0.0% |
Across 7 daily-tracked Nigerian prices, 4 rose and 3 eased in the week to 13 July 2026 — Cement led gains (+3.2%) while Rice (local) eased (-2.3%).
The Nigerian Exchange All-Share Index dropped 2.35% on 24 June 2026 — its steepest one-day loss of the year — erasing ₦3.64 trillion in value as investors cashed out of heavyweight industrial and power stocks. The slide extended into 25 June, but the market is still up about 50% for 2026.
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.
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.
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.
A 50kg bag of cement now averages ₦9,500 nationwide, with builders pointing to higher diesel and FX pressure on inputs.
AGO climbed ~2.8% week-on-week to ₦1,180 per litre, raising costs for haulage, manufacturing and off-grid power.
The CBN's composite PMI rose to 49.6 in May from 49.4 in April, but remained in contraction territory for a second month. Agriculture kept expanding, services and industry stayed weak, while the Stanbic PMI pointed to a stronger private-sector rebound.
Cement is ₦9,500 per 50kg bag in Nigeria as of 23 June 2026, up 1.6% on the day. This hub tracks the live Cement price with its source and the latest 8 stories covering it.
Sourced from Dealer survey (Lagos, Abuja, Kano). Confidence: high. Last updated 23 June 2026.
The most recent of 8 stories on this hub is “Nigeria weekly market wrap (13 July 2026): Cement leads price gains” (13 July 2026). Opaindex links every article tagged Cement, each sourced and dated.