• 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 Press Releases

BUA Foods Plc makes impressive debut on listing, beats NGX closing gong

NM Press by NM Press
January 18, 2022
in Corporate Press Releases
BUA Foods Plc

L – R: Ayodele Abioye, Ag. Managing Director, BUA Foods Plc; Kabiru Rabiu, Non-Executive Director, BUA Foods Plc and Temi Popoola, CEO, Nigerian Exchange (NGX) at the closing gong ceremony to commemorate the listing of BUA Foods Plc at the NGX in Lagos.

Share on FacebookShare on TwitterShare on Linkedin

The management of BUA Foods Plc. was on Tuesday, January 18, 2022 hosted to a closing gong ceremony on the main floor of the Nigerian Exchange (NGX) Limited. This was after addressing market stakeholders with a fact behind the listing presentation in a webinar held earlier in the day.

BUA Foods was listed on the Nigerian Exchange on Jan 5, 2022 and has since received significant acceptance going by the volume of demand for the shares which has boosted the market capitalization of the Nigerian Exchange Limited by over N1trillion.

The company has maintained an unbroken record of year-on-year growth and has eight ultra-modern manufacturing facilities across the country. BUA Foods currently has a refining capacity of 1.5 million metric tonnes of sugar yearly from two ultra-modern sugar refineries in Lagos and Port Harcourt. As part of its expansion strategy in 2022, BUA Foods plans to double its flour milling capacity from about 500,000 metric tonnes per annum to over a million metric tonnes per annum. Similarly, that of pasta will grow from 5 lines to 11 lines.

RelatedStories

These Nigerians Will Pay 30% Tax on Stock Gains — Dr. Ayodeji Ebo Explains What to Expect in H2 2025

These Nigerians Will Pay 30% Tax on Stock Gains — Dr. Ayodeji Ebo Explains What to Expect in H2 2025

July 10, 2025

Best performing stockbrokers Q2 2025

July 5, 2025

The company’s rice mill, one of the largest in the country, has a capacity to produce 200,000 tonnes of rice per annum with work currently in progress on a rice plantation that will change the face of rice production in Nigeria.

Kabiru Rabiu, Group Executive Director speaking on behalf of the Chairman of BUA Foods Plc. stated that the company is determined to explore the huge opportunities available in the agribusiness to promote food security and growth for Nigerians and Africans.

According to Rabiu, “Today for us is very historic and we are excited to begin the year with the listing. The population of Nigeria is over 200million and our food production capacity is still not enough to meet current demands. However, with the listing of our food business on the NGX, there is high hope for Nigeria in terms of building capacity for food sufficiency.”

“As a country we have agricultural resources coupled with human capital to harness needed raw materials to produce what we need for our consumption, and develop our nation. We are positioning our brand to take advantage of export opportunities through our strategically located plants from which foreign exchange can be generated both for the company and economy”, Rabiu added.

The Acting Managing Director, BUA Foods, Engr. Ayodele Abioye, also stated, “our fast paced and strategic investments in the food industry positions us to capture growth opportunities within the sector, create headroom ahead of demand, generate sustainable employment while promoting national food security.

Additionally, as a business we will continue to create sustainable value for our consumers and stakeholders”.

Kabiru Rabiu, Non-Executive Director, BUA Foods Plc (8th Right)) beating the Nigerian Exchange Limited (NGX) closing gong to commemorate the listing of BUA Foods Plc on the NGX. He was flanked by Temi Popoola, CEO, Nigerian Exchange (7th Left) and Ayodele Abioye, Ag. Managing Director, BUA Foods Plc (8th Left), partners to the listing and other Executive members of BUA Foods Plc and the Nigerian Exchange Limited (NGX).

On his part, the Chief Executive Officer, NGX, Mr. Temi Popoola, stated, “This listing marks a new beginning for BUA Foods Plc who plays a critical role in the FMCG industry as the company can leverage services the Exchange offers to achieve its strategic objectives. BUA Foods has experienced an upward trend in share price, market capitalization, and trading activity since its listing on the Exchange. At NGX, this milestone transaction is in line with our strategic objectives to improve listings and enhance investors’ participation in our market. As a multi-asset Exchange, NGX is strategically positioned to be the preferred listing and investment destination connecting Nigeria, Africa, and the world. I must, therefore, encourage capital market players and enthusiasts at home and abroad to pay closer attention to the plethora of opportunities available in our market both to list securities and make the most of their investments. NGX will continue to provide innovative solutions that meet the ever-evolving needs of our stakeholders.”

About BUA Foods PLC

BUA Foods is a leading food business with well diversified and scalable operations producing sugar, flour, pasta, rice and edible oils. With strategically located plants across Nigeria, coupled with a cordial alliance with local stakeholders in host communities, BUA Foods is a resilient business built on a strong brand proposition and is an operator with reputation for delivering high-quality products.
BUA Foods continues to invest in modern technology for efficient food production, innovatively expanding with strategic partners across the value chain. The company is also well positioned to leverage significant export potentials across West Africa and the larger African continent.
Headquartered and listed in Nigeria, BUA Foods has become one of the most capitalized companies on the NGX and a leading consumer goods firm by market value.

Tags: BUA Foods PlcNGX
NM Press

NM Press

Related Posts

These Nigerians Will Pay 30% Tax on Stock Gains — Dr. Ayodeji Ebo Explains What to Expect in H2 2025
Business News

These Nigerians Will Pay 30% Tax on Stock Gains — Dr. Ayodeji Ebo Explains What to Expect in H2 2025

July 10, 2025
Equities

Best performing stockbrokers Q2 2025

July 5, 2025
Wema Bank, Custodian Investment exits NGX 30 index
Equities

Aradel, Wema Bank join NGX 30 index after semi-annual rebalancing 

July 2, 2025
TotalEnergies
Equities

Why Total Energies’ Q1 2025 profit crashed: What investors should watch  

June 11, 2025
NGX
Equities

NGX delivers Africa’s second-best return in May as investors pile in 

June 3, 2025
How Much Money Do You Need To Start Investing?
Digital Media

Nairametrics Awards, Market Movers & Bank Recap Secrets — All on Follow the Money With Ugodre

May 28, 2025
Next Post
Renting a house

Senate moves to restrict FCT landlords to only 3 months rent collection

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Dangote Refinery to construct 1.6 million-barrel fuel storage facility in Namibia  
  • NDDC commits $5 million to livelihood improvement project in three states 
  • FG seals partnership deal with UAE to train 7 million Nigerian youths in digital skills  

Follow us on social media:

Recent News

Transmission lines in Cross River, Rivers have been vandalized severally in over 2 months – TCN

Dangote Refinery to construct 1.6 million-barrel fuel storage facility in Namibia  

July 10, 2025
NDDC to continue distribution of solar-powered streetlights in Niger Delta to improve Security

NDDC commits $5 million to livelihood improvement project in three states 

July 10, 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