This is coming about 6 months after both firms signed an agreement for the supply of process technologies and the design of the facility.
Backward Integration policies have only worked to help a few people boost their already fat pockets.
Nigerian cement stocks have been battered since February.
NSE Industrial declined by 5.7% to close at 1,922.02 index points.
BUA Cement Plc posts N16.95 billion profit in Q4 2020, 2.34% lower than 2019 figures.
Investors lost N154.28 billion in value, as market capitalization dropped to N13.04 trillion at the Nigerian Stock market.
“As a responsible corporate citizen, we felt a responsibility to support the state government and the people during these times." - Chimaobi Madukwe, COO of BUA...
@BUAgroup has been commended by the National Sugar Development Council (NSDC) for its investment in the Nigeria sugar industry.
The Chairman, Kano State Block Moulders Association, Umar Musa has commended BUA Cement for its sustained production of quality cement to meet required demands of the...