The Federal Competition and Consumer Protection Commission (FCCPC) says preliminary findings from its investigation into the cement industry suggest possible price manipulation in the market.

 

The findings are contained in a 40-page field report compiled after a three-month cross-border study by the commission’s anticompetitive practices department (ACP).

 

According to a statement on Tuesday, Ondaje Ijagwu, director of corporate affairs at FCCPC, said the investigation followed widespread complaints over the high cost of cement, a common staple in the country’s construction industry.

 

More to follow…