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Tag: BUA

News

BUA executive director Jacques Piekarski resigns

BUA Cement Plc has announced the resignation of its Executive Director/Chief Finance Officer, Mr. Jacques Piekarski effective 30th April 2024. This was disclosed in a notice filed by the Company Secretary/Chief Legal Officer, Satomi Hauwa with the Nigerian Exchange Limited on Tuesday. In addition, BUA plc also announced Mr. Chikezie Ajaero the acting Chief Finance […]

BUA Foods record revenue, profit growth despite challenges
Business

Hardship: BUA increases staff salary by 50%

The Chairman of BUA Group, Abdul Samad Rabiu, has announced a 50% salary raise for all employees. BUA’s Head of Human Resources, Mr. Mohammed Wali, signed an internal memo on Sunday in Lagos that confirmed this decision. In the memo, Rabiu made it clear that the goal of the pay modification is to lessen the country’s […]

FG, cement producers agree N7000, N8000 cement price
News

Cement price skyrockets to N15,000 in Abuja

The price of a 50 kg bag of cement in the Federal Capital Territory has increased to between N10,000 and N15,000. According to DAILY POST, a survey carried out in Gwarimpa, Area 10, Kubwa, Lugbe, and Dawaki on Friday showed that the price of a 50 kg bag of Dangote cement is N10,000, while the […]

FG summons cement manufacturers over price hike
Business

BUA Cement Edo, Sokoto factories to begin operation 2024

BUA Cement has revealed that it is constructing factories in Sokoto and Okpella to increase domestic production. According to The Punch, this information was provided on Thursday in Abuja by the managing director of BUA Cement, Yusuf Binji, who was in attendance with Chief Financial Officer, Jacques Piekarski. Binji stated that the company would increase its daily […]

Business

BUA foods names Yemisi Lowo-Adesola Non-Executive Director

The Board of Directors of BUA Foods Plc in a statement issued this afternoon, announced the appointment of Mrs. Yemisi Lowo-Adesola as an independent non-executive Director of the firm. Her appointment is effective right away and is contingent on the support of the company’s shareholders at its next annual general meeting. In the release, it was […]

FG summons cement manufacturers over price hike
Business

BUA records 26.52 profit rise in Q2 2023

BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to reach N40.963 billion. Additionally, during the same time period, the cement company’s earnings after tax increased by 30.45% YoY to N36.815 billion. Thus, the earnings per share for the second quarter came to […]

Business

BUA records 26.52 profit rise in Q2 2023

BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to reach N40.963 billion. Additionally, during the same time period, the cement company’s earnings after tax increased by 30.45% YoY to N36.815 billion. Thus, the earnings per share for the second quarter came to […]

BUA Foods declares ₦81bn dividend for FY 2022
Foods

BUA foods shareholders to receive N81bn dividend – Report

BUA Foods will pay a dividend of N4.50 per share to shareholders for the fiscal year 2022, totaling N81 billion, according to the food company’s audited financial report released on Saturday. According to Premium Times, the proposed dividend is subject to shareholder approval at the company’s next annual general meeting. Similar to that, the correct […]

BUA, Wema enters NGX-30 index
Business featured

BUA, Wema enters NGX-30 index

BUA Foods Plc and Wema Bank Plc are now included in the NGX-30 index as they have reached the list of the most liquid equities on the Nigerian Exchange Limited. The top 30 firms in terms of market capitalization and liquidity are tracked by the NGX-30 index. Union Bank of Nigeria and Oando Plc had […]

Business

Dangote, BUA shares gain N400bn in three days

Dangote Cement Plc and BUA Cement Plc’s shares gained N400 billion in the first three days of November 2022 amidst the current stock market sell-off due to the build-up to the 2023 general elections and interest rate hikes. The leading cement manufacturer listed on the NGX’s industrial goods sub-sector, Dangote Cement Plc, led the way […]

Why we withdrew interest in Kogi land - BUA
News

Why we withdrew interest in Kogi land – BUA

BUA Group has disclosed why the company is withdrawing its interest in the 50,000 hectares of land in Kogi State. According to The PUNCH, the company said it made the decision over the failure of the land to meet its intended purposes. It would also be recalled that the state Assembly threatened to revoke the […]

Kogi to revoke BUA's CofO over unpaid land
Business News

Kogi to revoke BUA’s CofO over unpaid land

Kogi House of Assembly threatened to revoke the Certificate of Occupancy of the cement manufacturing firm, BUA Group, over unpaid 50,000 hectares of land it acquired 10 years ago. According to the News Agency of Nigeria, BUA Group on Monday was later summoned by the lawmakers at a public hearing of one of its ad-hoc […]