Portland Paints, BUA, others lead market loss
The Nigerian Exchange Limited (NGX) extended losses to two consecutive sessions, yesterday, as more blue-chip stocks, including Portland Paints and Products and BUA Cement, depreciated, resulting in a further decline in the All-Share Index (ASI) by 0.72 per cent. The all-share index (ASI) dropped by 283.95 absolute points, representing a decline of 0.72 per cent…
Cement price soar in South East
Prices of cement has increased by 67 per cent in the South East states of Abia, Anambra, Ebonyi, Enugu and Imo, the News Agency of Nigeria
Ganduje, others reconcile Dangote, BUA over sugar plant
Gov. Abdullahi Ganduje of Kano state has waded into the dispute between Dangote and BUA companies owned by two business moguls from the state.
BUA to complete 200,000bpd refinery before 2025
With the signing of a progress acknowledgment statement between BUA Group and Axens of France for the former's proposed 200,000barrels per day refinery in Akwa Ibom, the Group has expressed optimism about completing the project before 2025.
Nigeria’s industrial sector needs competition for price control
Abdul-Samad Rabiu is the Chairman of BUA Group. In this interview, he talks about opportunities and challenges in Nigeria’s industrial sector, especially as it relates to policies that can help to check inflation
Nigeria to receive BUA-purchased COVID-19 vaccines next week
BUA, one of Africa’s largest conglomerates, yesterday, said it had paid for one million doses of AstraZeneca COVID-19 vaccines for Nigeria through Afrexim Vaccine Programme, in partnership with CACOVID.
Nigeria to receive first batch of BUA-purchased vaccines next week
…Firm commits to purchase of 5 million AstraZeneca Covid-19 vaccines BUA, one of Africa’s largest conglomerates, yesterday, said it has paid for one million doses of AstraZeneca COVID-19 vaccines for Nigeria through the AFREXIM Vaccine programme in partnership with CACOVID. These doses of the vaccine, which should be delivered by next week, according to the…
More knocks trail FG’s selective border waivers
Varied reactions have continued to trail the Federal Government’s exemption of Dangote Cement, BUA, and a gas supply firm from the land border trade restriction policy, saying the action contravenes the spirit of competition and the Constitution.
FG clarifies land export waivers for Dangote, others
The Federal Government has confirmed granting Dangote, BUA, and gas supply waivers for land exports. Spokesman of the Nigeria Customs Service (NCS), DC Joseph Attah, explained that the three firms were exempted on account of what they produce in other West African countries. Attah, who doubles as a spokesman for Operation En-Swift Response, the operational…
Local cement production capacity to hit 53.8mtpa by 2021
With BUA’s plan to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa State, North-East Nigeria, local cement production capacity may hit 53.8 million tonnes per annum (mtpa). The Company's newest plant in Sokoto is expected to be operational in 2021. When completed,…