Investors dump BUA Cement shares for Dangote’s

June 24, 2022 Segun Odunewu 0

The stock market didn’t close in favour of businessman, Abdulsamad Rabiu and his company, BUA Cement, on Thursday as investors opted for the shares of his market rival, Dangote Cement, owned by Africa’s richest man, Aliko Dangote. After trading hours, Rabiu lost over N13.48 billion ($32 million), which represents -0.48 per cent of his wealth, resulting in the billionaire’s net Read More

BUA Cement eyes N102.68bn revenue in Q3′ 22

June 15, 2022 Blessing Anaro, Lagos 0

BUA Cement Plc is projecting a revenue of N102.684 billion revenue for third-quarter ending September 2022. Information obtained from the Nigerian Exchange Limited (NGX), the cement firm is expected to spend almost half of its revenue on cost of operation as a result of dilapidating infrastructure. The cement company projects N50.248 billion as cost of sales for the period. BUA Read More

BUA, others to push manufacturing output to N7trn

May 30, 2022 Blessing Anaro, Lagos 0

New factories built by BUA Cement and African Glass Limited as well as five new paper mills that recycles wastepaper into carton drove up manufacturing output in Nigeria in the second half of last year, industry data has shown. Manufacturing sector production output increased by almost 60 percent to N7.03 trillion in 2021 from N4.42 trillion in 2020, the Manufacturers Read More

BUA Cement projects N241.9bn revenue

September 20, 2021 Amaka Ifeakandu 0

BUA Cement Plc has projected to increase its revenue by 15. 5 per cent to N241.9 billion at the end of second half of 2021 financial year. The group in its outlook for second half of 2021 said it is largely on course, having achieved 51.4 per cent of its full year revenue projection in the first half of 2021 Read More

BUA donates 150 tonnes of cement to 70 host communities

August 5, 2021 Sidi A. Umar 0

As part of its corporate responsibility, the BUA Cement in Sokoto has donated 150 tonnes of cement worth N10 million to its 70 host communities. Speaking while presenting the commodity, the Managing Director of the company, Alhaji Yusuf Haliru Binji said the gesture was aimed at supporting the communities to rehabilitate drainages, mosques, culverts cemeteries, especially during this wet season Read More