BUA Cement

Company News

BUA, Wartsila OY of Finland sign agreement for construction of 70MW Power Plant for BUA Cement Sokoto Line 4

Lagos – 17Sep2021. BUA has signed an agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto state, North-West Nigeria.  This announcement comes as BUA recently revealed that it was looking to boost its production capacity in Nigeria over the next …

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BUA Group to Dangote: “No one is Above the Law no Matter How Highly Placed… Respect the judicial process”

BUA Group has described the publication of Dangote Group wherein it stated that BUA misinterpreted the fact about a pending court case as untrue and laden with fraught misrepresentations. A statement by BUA Group explained that Dangote, in its hurry to twist facts, failed to justify the alleged misinterpretation in its publication but stylishly stated …

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BUA Group acquires Majority Interests in Construction & Mining Giants, P.W. Nigeria LTD.

BUA Group, one of Africa’s largest infrastructure companies has announced its acquisition of majority shareholding in P.W. Nigeria Limited – one of Nigeria’s largest construction, engineering and mining companies. According to BUA, this was necessary to further deepen its investments in the infrastructure business in sub-saharan Africa. Speaking on the acquisition, Abdul Samad Rabiu, Executive …

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Forbes 2020 World’s Richest Rankings Released: Only 4 Nigerians make Exclusive List

Forbes recently released its annual exclusive billionaires ranking with only 4 Nigerians, Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija making the highly coveted list. Amongst the four, Aliko Dangote, President of Dangote Group retained his spot as the World’s richest black person with a fortune of USD10.1 billion. Mike Adenuga, Chairman of …

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BUA Cement Lists on the Nigerian Stock Exchange

West Africa’s second largest Cement company, BUA Cement, today listed on the Nigerian Stock Exchange with a market capitalization of 1.2trillion Naira (USD3.3billion) bringing to conclusion, the merger between the BUA-owned cement entities, Cement Company of Northern Nigeria and Obu Cement company. This listing brings BUA Cement’s total capacity across all its cement assets to …

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