Oct 06, 2020· Nigeria: BUA Cement has broken ground at the site of its upcoming 3.0Mt/yr-capacity integrated cement plant in Guyuk, Adamawa State. Governor Ahmadu Fintiri proposed nearby Yola as the site for a second BUA Cement plant in the state, which he said would "further diversify the economy away from sole reliance on petroleum products."
Jun 28, 2021· BUA spends $1.05 bn on cement plants in Sokoto, Edo, Adamawa Africa's leading cement company, BUA Cement, has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3 million tonnes each per annum in Edo, Sokoto and Adamawa States. A statement from the company said the projects will be completed by the end of 2022.
Sep 09, 2009· For Okpella Cement, BUA has unfolded a $300 million plan to upgrade and modernise its production processes by installing another two million tonnes …
Jul 06, 2021· BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend.
Jul 24, 2021· Share with friends Africa's leading cement manufacturer, Dangote Cement Plc, has said that its 6 million metric tonnes per annum factory in Edo State, with an estimated cost of $1 billion is completed and set for commissioning. The new factory is part of efforts by Dangote Cement to boost cement production in the state and […]
Mar 31, 2021· Proposes dividend of N2:067k to shareholders . Charles Abuede . BUA Cement Plc, a leading cement manufacturer and a subsidiary of BUA Group Plc has in its audited financial statement for the full-year 2020, announced a moderate improvement in its revenue from contracts with customers by 19.3 per cent year on year to N209.44 billion from N175.52 billion in 2019. The growth was broad …
May 05, 2021· BUA Cement Plc has reported a profit after tax of N22.37 billion for the first quarter of 2021, 13.03 percent. Read more. FEATURED Latest Stocks TOP STORIES . BUA Cement's N115bn bond listed as NGX era begins. April 13, 2021 April 13, 2021 Markets Reporters ... Two of Nigeria's biggest cement producers posted stock losses in the first three ...
Sep 09, 2009· For Edo Cement Company, a source told Daily Independent that BUA has unfolded a $300 million plan to upgrade and modernise its production processes by …
Aug 29, 2017· BUA's cement business includes its operations in Sokoto, in northern Nigeria and Rabiu said it was at the stage of "completing another Greenfield project in Sokoto which is 1.5mtpa which cost over $300 million. By the time we are done the combined capacity of our cement plant both in Sokoto and in Edo will be about 8million tonnes."
Jul 08, 2021· Photo caption: Abdul Samad Rabiu (second right), Chairman, BUA Cement making a point during the company's Annual General Meeting in Abuja on July 8, 2021.He was flanked by Yusuf Binji, MD, BUA Cement (right), and Ahmed Aliyu, Company Secretary, BUA Cement (second left). Shareholders of BUA Cement Plc, on Thursday in Abuja, approved the N70bn proposal as dividend …
Apr 26, 2021· Relations between both men became frosty in June 2020 when BUA Cement, majority shares owned by Samad Rabiu, got a restraining order against Dangote Cement, where the Africa's wealthiest man wields the majority stake, after the police invaded its 3 sites in ObuOkpella, Edo State. BUA Group said Dangote Cement initiated the action.
Dec 23, 2020· BEVERLY HILLS, December 23, (THEWILL) - In a bid to expand its operations and boost export activities, Nigeria's foremost cement company, BUA Cement Plc, has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants at a total cost of $1.05 billion. Designed for 3 million tonnes each per […]
Abdulsamad Rabiu is one of the most influential men from Northern Nigeria and one of the most successful businessmen in the country. As the founder, chairman, and Chief Executive Officer of the famous BUA Group, a business conglomerate that deals in cement manufacturing, sugar refining, and real estate, Rabiu is now ranked as one of Nigeria's wealthiest men with a net worth of over $4 ...
Jul 29, 2021· BUA Cement Plc, Nigeria's second-largest cement manufacturing company, on Thursday reported a 22.7 percent increase in revenue in the six months ended June 30, 2021. Revenue rose from N101.261 billion recorded in the first half (H1) of 2020 to N124.278 billion in the first half of 2021. The company disclosed in its unaudited financial statements […]
Dec 31, 2020· BUA Cement Plc, Nigeria's second largest cement company has recorded increased Profit After Tax, PAT by 19.4 per cent to N72.3 billion for the financial year ended December 31, 2020 as against N60,6 billion in the corresponding period of 2019.. The Company's audited financial result released on the Nigerian Stock Exchange, NSE showed that revenues also grew to N209.4billion in …
Aug 05, 2020· Despite the challenges brought by COVID-19 pandemic and other economic headwinds, BUA Cement Plc grew its profit after tax for the half year ended June 30, 2020, by 14 percent.
BUA Nets N209.4bn Revenue In 2020. BUA Cement Plc has announced plans to commission additional production lines with focus on raising the firm's current cement capacity of 11 million metric tons ...
Nov 20, 2018· In spite of its huge potential in production of perishable products, Nigeria currently lacks the conditioning centres as the cold chain in exporting the product
Sep 11, 2008· BUA Group, the shipping and allied business outfit, has acquired a 40,000 metric tons cement factory capable of producing between 10,000 and 12,000 metric tons of bagged cement daily.
Dec 23, 2020· BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum, a project valued at $1.05bn. A statement by the company on Tuesday stated the plants would be located in Edo, Sokoto and Adamawa states and were billed for completion by the end of 2022.
With cement industry meeting local demand, Nigeria is saving over $2 billion a year in foreign exchange. Cement manufacturers currently produce nearly 30 million metric tonnes Yearly with capacity set to increase as more plants are being set up and existing ones are expanded.
Jul 08, 2021· BUA Cement Holds AGM, declares 72.3 Billion in Profit after Tax. BUA Cement Plc, one of Africa's largest Cement companies, today held its Annual General Meeting for the period ended December 31, 2020 whilst paying dividends of N70billion at N2.067k per ordinary share in a move that shareholders applauded. This is coming on the heels of a ...
Jun 24, 2015· Nigeria: According to All Africa, Cement Company of Northern Nigeria (CCNN) in Sokoto will invest US$600m to expand its power plant from 12MW to 16MW. The Bureau of Public Enterprise (BPE) Media head Alex Okoh said that CCNN principal manager of corporate affairs Alhaji Suleiman disclosed this while addressing BPE's post-privatisation monitoring team during a recent …
Aug 04, 2021· The IMF has forecast GDP growth of 2.1 per cent in Nigeria in 2018 and the cement sector is contributing with 1H18 sales of approximately 11.2Mt, up by around 10 per cent on the 10.2Mta in 1H17. Production capacity is on the increase. This week, BUA Group announced the commissioning of its new 1.5Mta Kalambaina cement plant in northwest Nigeria ...
Dec 22, 2020· The cement industry in Nigeria is currently producing about 28 million metric tonnes of cement per annum, which translates to about 120kg per head in terms of consumption per capita.
Jul 09, 2021· BUA Cement Plc, one of Africa's largest Cement companies, today held its Annual General Meeting for the period ended December 31, 2020 whilst paying out dividends of over N70billion at N2.067k per ordinary share in a move that shareholders applauded.
Sep 18, 2015· With the annual cement consumption in Nigeria still a little less than 20 million tons annually. Since the combined local production capacity of cement from the three major producers in Nigeria—Lafarge, Dangote & Bua Cement—now stands around 42 million tons annually, the need to diversify the use of the essential product becomes indubitable.
Apr 01, 2021· Nigeria: BUA Cement Grow's After Tax Profit By 19.4% to N72.3bn (Vanguard) Nigeria: Edo 2020 - Kebbi Contingent Begins Receiving Covid-19 Jab - Official (Vanguard)