Raw material cost of industrial goods companies nearly doubles in H1 2024 as FX pressure bites
Due to the increased and unsatble exchange rate, the cost of production have almost doubled for manufacturing companies in the ...
Tag: BUA Cement
News and analysis about BUA Cement
Price Control Allegations: FCCPC condemns dealers inflating BUA cement price to N7,000 per bag
The Federal Competition and Consumer Protection Commission (FCCPC) has criticized dealers for inflating the price of BUA Cement to N7,000 ...
BUA Cement announces N2 per share dividend despite FX challenges
BUA Cement has announced a dividend payment of N2 per ordinary share to its registered members during the 8th Annual ...
Nigeria’s most valuable companies face N4.6 trillion debt surge
As Nigeria's economic landscape continues to shift, the debt profiles of some of the nation's largest and most capitalized companies ...
AbdulSamad Rabiu’s networth falls by $1.1 billion in 90 days
AbdulSamad Rabiu, Nigeria's second richest man and Chairman of BUA Cement and BUA Foods, has experienced a significant decrease in ...
Energy cost of Nigeria’s cement manufacturers rises by 140% in first half of 2024
The energy cost of cement manufacturers listed on the NGX rose by 140.66% in the first half of 2024 compared ...
Nigerian cement companies’ declining margins: A cautious note for investors?
Just like other sectors, such as consumer goods and ICT, which have negatively been affected by the 2023 policy shifts, ...
BUA Cement’s pre-tax profit drops by 54% in the second quarter of 2024
BUA Cement released its 2024 second quarter results, revealing a pre-tax profit of N18.8 billion.
BUA cement Plc to finance Lokoja-Benin road at N12O billion under tax credit scheme
The Federal Executive Council (FEC) has approved the equalisation of the Okpella section of the Lokoja-Benin road and others for ...
Dangote Cement vs BUA Cement vs Lafarge – Who did better in 2023?
Despite sustaining profitability, unlike other sectors, particularly, the consumer goods, cement companies experienced a decline in profitability attributed to elevated ...
