• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

BUA cement in face off with Ministry of Mines and Steel

Onome Ohwovoriole by Onome Ohwovoriole
December 6, 2017
in Business News, Company News
BUA Group and This Chinese Company Will Build A $1.9b Steel Plant In Nigeria

Abdulsamad Rabiu, Chairman, BUA Group

Share on FacebookShare on TwitterShare on Linkedin

The season of government agencies clasghing with companies appears not to be over as the BUA Cement company is currently engaged in a war of words with the Ministry of Mines and Steel Development.

The Ministry’s stand

The ministry has accused BUA of illegally mining marble and limestone in a mining site belonging to the Dangote Group. BUA was also accused of flouting a stop mining order issued  in 2015by the permanent secretary of the ministry. BUA also allegedly used armed policemen and security agents to prevent the enforcement of the order in October this year.

MoreStories

Singer Market Fire: Kano sets up committee to disburse N8bn to victims

Singer Market Fire: Kano sets up committee to disburse N8bn to victims

February 25, 2026
BRB Capital Group appoints Etimbuk Bassey as Chief Executive Officer to lead next phase of global expansion

BRB Capital Group appoints Etimbuk Bassey as Chief Executive Officer to lead next phase of global expansion

February 25, 2026

BUA’s side of the story

BUA has however denied any form of wrong doing. In a statement issued by a representative, BUA cement stated that it had restricted its mining operations to sites allocated to it in Obu Okpella, Edo state.

“For the avoidance of doubt, BUA, as a law abiding entity, restricts its Obu Cement operations to mining areas covered by ML18912 and ML18913, and located in Obu Okpella, Etsako LG, Edo State. We do not have any mining activities, which are specifically in Okene, Kogi State as the ministry insinuated and as stated in the ML2541 lease given by the ministry to a competitor.

The company had also written to the Presidency alleging that the Minister was obstructing the company’s activities.

Implications of the faceoff

The company would most likely have to shut down production, thus resulting in a loss of revenue. This is especially critica, since the subside of rains means construction work would have resumed across the country.

BUA cement is a member of the BUA Group founded by Abdulsamad Rabiu. The company was originally known as Edo Cement when it was incorporated by the Edo State government and several indigenous investors. The BUA Group bought a majority stake in the company when it was privatized by the Federal Government in 2008.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: BUA Cement
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Next Post
Dangote rakes in 93% of Nigerian Cement profits

DANGOTE: The only African named among Top 50 global influential people.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics