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BUA boss blames fuel, energy cost for cement price

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Tag: BUA Cement

Business

BUA boss blames fuel, energy cost for cement price hike

The Chairman of BUA Cement Plc, Abdul Samad Rabiu, has blamed the skyrocketing prices of cement in Nigeria on energy and transport costs. He spoke at the 10th Annual General Meeting of BUA Cement in Abuja yesterday. As of April 2023, a month before the current administration came into power, a 50 Kg bag of […]

Business

BUA cement announces revised date for ₦2.05 dividend payout

BUA Cement Plc has announced a new payment date for its final dividend of ₦2.05 per 50 kobo ordinary share. The dividend will now be paid on July 21, 2025, replacing the previously scheduled date announced on February 28, 2025. According to the group, the dividend—originally scheduled for distribution to registered shareholders on August 28, […]

Business

BUA Cement’s pre-tax profit jumps 368.58% to N99.741b in Q1 2025

BUA Cement Plc has reported impressive financial results for Q1 2025, with pre-tax profit soaring by 368.58% year-on-year to N99.741 billion. Similarly, profit after tax surged by 351.45% to N81.124 billion. Notably, both pre-tax and post-tax profits have already exceeded the total profits for the full year of 2024. The 368.58% surge in pre-tax profit […]

BUA Cement boss' networth hits $7bn
Business

BUA Cement boss’ networth hits $7bn

Chairman of the BUA Group, an industrial and manufacturing giant in Africa, and the second-richest person in Nigeria, Abdul Samad Rabiu, has seen a rise in his wealth, achieving an astonishing net worth of $7 billion. According to data from Forbes, Rabiu’s net worth has dramatically improved over the last three months, rising by $1.3 billion […]

FG summons cement manufacturers over price hike
Business

BUA to sell cement price at N3500 per bag – Report

BUA Cement Plc has announced plans to lower cement prices in Nigeria from N5,500 to between N3,000 and N3,500. The Punch reported that the company’s chairman, Abdul Samad Rabiu, announced this following a meeting with President Bola Tinubu on Friday, September 15, 2023, at the State House in Abuja. The capacity of BUA Cement will increase […]

BUA plans to reduce cement prices
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BUA plans to reduce cement prices

          The Chairman of BUA Cement Plc, AbdulSamad Rabiu, expressed confidence that a drop in cement prices would result from the completion of the company’s two new factories by the end of the year. This was said by Rabiu during a press conference that was held alongside the company’s seventh annual […]

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 […]

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 records 26.52 profit rise in Q2 2023
Business

BUA Cement chairman buys additional BUA cement shares worth N3.8bn

The chairman of BUA Cement Plc, Alhaji Abdul Samad Rabiu CFR, has bought an extra 45 million shares worth N3.8 billion in the business. This was stated in an insider’s notification of share dealing to the Nigerian Exchange Limited. The 45 million shares purchased represent 0.13% of the company’s total outstanding shares. Abdul Samad Rabiu’s […]

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