The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into potential price manipulation within the Nigerian cement industry following a three-month inquiry. The commission noted that retail prices in Nigeria, which reached up to N15,000 per 50kg bag by July, are significantly higher than in comparable African markets despite Nigeria’s substantial excess production capacity. The FCCPC has issued summons to major manufacturers, requiring detailed records on pricing, production, and distribution, to determine if current costs are driven by legitimate market factors or anti-competitive practices.