Tag: BUA group

BUA Cement boss' networth hits $7bn
Business

Naira to drop below ₦1,400/$ by year-end – BUA chairman

BUA Group President, Abdul Samad Rabiu, has forecast that the naira will appreciate to between ₦1,300 and ₦1,400 per dollar before the year ends. Speaking with journalists after a meeting with President Bola Tinubu at the Presidential Villa on Wednesday, Rabiu praised the administration’s “bold and decisive” economic reforms, noting that they are already delivering […]

Nigeria’s second-richest man's wealth drops $2.5bn in 2023
Business

CBN reforms stopped lobbying for FX — BUA boss

Chairman of BUA Cement Plc, Dr Abdul Samad Rabiu, has commended the Central Bank of Nigeria’s foreign exchange reforms, stating that they have removed the need for companies to lobby for access to forex. Rabiu made this disclosure during a media briefing after BUA Cement’s 9th Annual General Meeting in Abuja on Monday. He described […]

Business

BUA invests $65m in Rivers port rebuild

BUA Group has announced that it is investing over $65 million—entirely self-funded—to reconstruct Terminal B of the Rivers Port Complex, with the project expected to be completed in Q1 2026. In a statement released on Sunday, BUA addressed allegations made by former NPA Managing Director Hadiza Bala Usman, who claimed the company violated its concession […]

News

BUA refinery not 90% complete – Management

BUA Refinery and Petrochemicals has addressed a misleading report, clarifying that its refinery project in Akwa Ibom is not 90% complete as claimed. The company urged the public to disregard the inaccurate information, confirming that construction is advancing steadily and the project remains on track to meet its scheduled completion. BUA Refinery and Petrochemicals made […]

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 […]