• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Updates

BUA Cement Chairman, Abdul Samad Rabiu, gifts N2bn share bonus to employees

NM Partners by NM Partners
July 2, 2021
in Corporate Updates
Abdul Samad Rabiu net worth declines to $7.1 billion 
Share on FacebookShare on TwitterShare on Linkedin

Abdul Samad Rabiu, the largest shareholder and Chairman of Nigeria’s second largest publicly listed manufacturing company, BUA Cement Plc, has announced a share bonus gift, from his pool of shares, for employees of the company worth almost two billion Naira in recognition of their effort to keep the company profitable despite the pandemic and predictions of a tough year. It should be noted that despite the pandemic, BUA Cement remained one of the most profitable companies in Nigeria declaring a Profit After Tax of N72.3billion representing a 19.4% increase over the corresponding period in 2019. This was announced by the company in a statement and details released in a filing on the NGX.

According to the office of the Chairman, Abdul Samad Rabiu said that it was important to recognize the effort of key staff who worked tirelessly despite the 2020 pandemic to keep the company on a strong footing even as the company was better placed to stay profitable for the foreseeable future. “As we head into another year of record profits, this share bonus for our employees is only the right thing to do. By doing so, our core employees are better placed to benefit from BUA Cement’s future successes which they continue to help deliver,” Rabiu said.

It should be noted that despite the pandemic and attendant economic slowdown, BUA Cement Plc declared a 19.3percent increase in revenues to N209.4billion in 2020 from N175.5 billion, as at FY2019. The company also declared Profits After Tax of N72.3billion representing a 19.4% increase over the corresponding period in 2019.

RelatedStories

BUA Group Chairman Abdul Samad Rabiu

BUA’s Abdul Samad predicts naira recovery to N1,300/$ in 2025

September 25, 2025
BUA Foods

BUA Foods: A Buy for institutional investors, a Hold for retail investors 

September 13, 2025

Follow us for Breaking News and Market Intelligence.
Tags: Abdul Samad RabiuBUA Cement
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

BUA Group Chairman Abdul Samad Rabiu
Currencies

BUA’s Abdul Samad predicts naira recovery to N1,300/$ in 2025

September 25, 2025
BUA Foods
Financial Literacy

BUA Foods: A Buy for institutional investors, a Hold for retail investors 

September 13, 2025
Nigerian billionaires with the highest share price gains/losses in August 2025 
Billionaire Watch

Nigerian billionaires with the highest share price gains/losses in August 2025 

September 5, 2025
Cement prices may hit N9,000 over FG’s introduction of concrete roads – Manufacturers
Companies

Nigerian Cement Giants’ profits climb on price hikes as consumers pay the price  

August 15, 2025
Cement prices may hit N9,000 over FG’s introduction of concrete roads – Manufacturers
Equities

How cement stocks sparked a 19% weekly gain in the Industrial Goods sector 

July 21, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

BUA Cement gains over 7% as Nigerian stock market conquers new territory 

June 13, 2025
Next Post
5 Cryptocurrencies to buy in this current market dip

Ethereum flips Bitcoin again in number of active addresses

Comments 3

  1. Engr Medo Samuel says:
    July 2, 2021 at 11:47 am

    What a progressive insurance step. Thanks Mr Rabiu for your dynamic leadership

    Reply
  2. Anonymous says:
    July 4, 2021 at 8:52 am

    Worthy of Commendation. Employees will have sense of belonging

    Reply
  3. Gwinna Gloria says:
    July 8, 2021 at 10:04 am

    Thank you so much my chairman

    Reply

Leave a Reply Cancel reply

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

Palmpay
access bank
nairametrics
first bank









DUNS

Recent News

  • JAMB remains sole body for tertiary admissions in Nigeria – FG 
  • NSLTECH, STERLING lead gainers as All-Share Index hits 148,000 record 
  • AGF Fagbemi clarifies presidential clemency process amid public concerns   

Follow us on social media:

Recent News

2025 UTME: JAMB to investigate mass complaints over low scores and technical issues 

JAMB remains sole body for tertiary admissions in Nigeria – FG 

October 16, 2025
NGX

NSLTECH, STERLING lead gainers as All-Share Index hits 148,000 record 

October 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 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
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics