BUA Cement

BUA Cement

BUA Cement Plc Records Strong Revenue Growth of 27.4% To N460 Billion, Appoints New Directors

THURSDAY 29, 2024 | ABUJA, NIGERIA BUA Cement held its 8th Annual General Meeting today. According to the financial report presented by the Board of the company, it recorded a strong revenue growth of 27.4% to N460 billion (2022: N361 billion), resulting from its increasing market share. However, with the devaluation of the Naira in […]

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IFC and Partners Support BUA with $500 Million Facility to Boost Industrialization, Create Jobs, in Northern Nigeria and the Sahel

Abidjan, Côte d’Ivoire, June 5, 2023 IFC today made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs. IFC’s $500 million financing

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BUA Cement supports Sokoto communities with N62million worth of CSR initiatives

Sokoto, 24Mar2022 – BUA Cement supports Sokoto communities with N62million worth of water supply and electrification projects as part of its corporate social responsibility initiatives. The communities include; Gidan Gamba, Girabshe, Rugar Waru, Hundi Chebuwa, Rijiyar Dorowa, Malikawa and Wangarawa communities across Wamakko and Sokoto South local governments in Sokoto State.        

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BUA Cement declares N88.047billion dividend payout for shareholders

…targets 17 Million Metric tonnes per annum by 2023   Abuja, 21Jul2022 – Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc, have approved dividends of N88.047billion for its financial year ended December 31, 2021 at N2:60k per ordinary share of 50k each. This approval was given during the company’s 6th Annual General

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President Buhari commissions BUA Cement’s new 3 million MTPA Sokoto Line 4 Plant

Sokoto, 27Jan2022 – BUA Cement Plc yesterday commissioned its new 3 million metric tonnes Sokoto Line 4 cement plant. The new plant was commissioned by President Muhammadu Buhari. Addressing guests in his opening remarks, The Chairman, BUA Group, Abdul Samad Rabiu noted that the company will continue to invest more in the cement industry until

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