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July 06, (THEWILL) - BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag, setting off a Pandora box of dissatisfaction among consumers and middlemen in the supply chain. THEWILL gathered that the company unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The []

BUA Cement Is not raising the price of its cement, the company said in a statement. It urged the public to ignore any rumour of a price increase. "We are compelled to release this statement

Mr. Abdul Samad Rabiu, the Chairman of BUA Cement Plc and founder of BUA International Limited, has transferred 100,000 shares at N69.92 each through BUA International Limited to Godswill Egbe, a project manager. The details of the transaction were contained in the two disclosure statements released through the Nigerian Exchange Limited on Friday.

BUA Cement Plc, one of Africa's largest Cement companies, today held its Annual General Meeting for the period ended December 31, 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 profitable year for the Cement producer with a turnover of N204bn and

BUA Finally Increases Cement Price To N3000. Weeks after raising the hopes of its customers, the BUA Group has finally increased its cement price by N200. There has been a surge in the prices of cement across the country as manufacturers try to pass the high cost of production to cash-strapped consumers, who are already battling with poor

BUA Cement also owns Edo Cement Company and BUA Cement Port Harcourt, which continue to operate as private companies. Abdulsamad Rabiu, one of Nigeria's most successful businessmen, is the founder of BUA Group, a Nigerian conglomerate that has interests in sugar refining, real estate, edible oils, logistics and port operations.

Apr 08,  · BUA also in paid out N59.26 billion as dividends from earnings, this translates to a dividend yield of 2.81%. So, if I invested N100,000 in shares of Dangote Cement, I would earn a cash return of 7.44%, if I did the same with BUA I would earn a cash return of 2.81%. Let us go a bit deeper

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. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently

BUA Group's current cement assets include the 6million MTPA Obu Cement I & II plants in Okpella, Edo State, the 500,000mtpa Edo Cement Plant, the 1.5million MTPA Kalambaina Cement Plant, and the

In , BUA Group consolidated its cement operations and listed BUA Cement Plc on the Nigerian Stock Exchange with a total combined installed capacity of 8million mtpa and a market capitalization of N1.18trillon (US$3.3bn), making it the second largest cement producer in the Nigerian market and the largest cement producer in the North Western region of the country.

BUA Cement has announced plans to commission additional production lines, to raise the firms' current cement capacity of 11 metric tonnes per annum in to 20 metric tonnes per annum by 2022.

About BUA Group. BUA Cement embraces in and commenced activities in September 2008. The vessel is 200 meters long and features a storage capacity of 40,000 MT. The vessel is given a Siwertel ship unloaded capable of receiving cement at a rate of 800 MT per hour from incoming cement ships.

BUA finally increases cement price to N3,000. Weeks after raising the hopes of its customers, the BUA Group has finally increased its cement price by N200. There has been a surge in the prices of

Nigeria: BUA Group to offer incentives to cement distributors. BUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. "We have embarked on an expansion drive and this will be completed in 2018.

BUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY from NGN17.4bn to NGN20.1bn in the 1Q20, while profit after tax reached NGN19.8bn - a 26.2 per cent YoY increase from NGN15.7bn.

BUA Cement PLC is a Nigeria-based cement manufacturing company. The Company is primarily engaged in operating its cement manufacturing business through its subsidiaries and has its plants located in Northern and Southern Nigeria.

Abdulsamad Rabiu, the founder of BUA Cement, has been indicted in a bribery scandal, which also involves Timipre Sylva, the Minister for State on Petroleum Resources.. A certain online publication has it that Rabiu paid a whooping sum of $20 million to Sylva in order to hijack OML 110, an oil block rightly owned by Cavendish Petroleum Limited.. As reported on the news website, the $20 million

A federal high court sitting in Lagos has given its final approval to the scheme of merger between the Cement Company of Northern Nigeria and BUA Group's Kalambaina Cement Company. According to

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. The price increase by BUA is contrary to the promise by the company to keep a low price following good returns from the N2800.

BUA to Construct 3 Cement Plants of 9 Million MTPA in Sokoto, Edo and Adamawa. Africa's leading cement giant, BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022.

Profit after income taxes rose to N70.518 billion from N60.610 billion, implying a 16.3 per cent growth. BUA Cement came head to head with Dangote Cement in June over the ownership of mining sites

BUA Cement Industry PLC. July 21 at 11:49 AM ·. BUA Estates wishes you a happy Eid el Kabir celebration. Visit our BUA Estate, Kado, Abuja. For a tour of the estate, please call 0902 300 0010‬ and for sales enquiries, please call 0818 917 5211. BUA Estate, Kado, live in grandeur.

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. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not

BUA Cement Plc, Nigeria's second largest cement company has released its Full Year Audited Financial Results with the company declaring a Profit After Tax of N72.3billion representing a 19.4% increase over the corresponding period in 2019.

BUA Cement revenue increased by 19% in - BUA Cement Plc has announced a leap in revenues by 19.3 per cent to N209.4 billion in compared to N175,5 billion in 2019. This is as the firm announced plans to commission additional production lines, to raise the its' current cement capacity of 11 metric tons per annum in to 20 metric tons per annum by 2022.

Abdul Samad Rabiu, chairman of BUA Group, says the prices of cement in the country will come down with increased production by more new companies. Rabiu said this on Thursday in Abuja at the