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 a 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…

Market capitalisation of the Nigerian Stock Exchange (NSE), soared significantly by N1.377trillion, as the total equities capitalisation rose to N15.164 trillion, following yesterday’s listing of BUA Cement Plc’s on the floor of the Exchange.   The upturn was also impacted by gains recorded in medium and large capitalised stocks, amongst which were; Dangote Cement, MTN…

Following massive sell-offs in most high cap stocks, Nigeria equities market resumed from the Eid-el-Kabir celebration on a decline, as market capitalisation slumped by N109 billion to close at N13.198 trillion.

Following price losses incurred by most blue-chip stocks, transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, causing market capitalisation to plunge further by N206 billion. Specifically, at the close of transactions yesterday, the All-share index (ASI) shed 513.92 absolute points, representing a decline of 1.66 per cent,…

The equity market extended the losing streak for the second trading day of the year as indices plunge further by N111 billion. At the close of trading yesterday, the All- share index (ASI) shed 298.74 points, representing 0.96 per cent for depreciation to close at 30,771.32 points. Similarly, the market capitalisation shed N111 billion at…

Cement Company of Northern Nigeria and BUA Cement Company have expressed optimism of achieving a combined cement capacity of two million metric tonnes in the North-West region of the country under the proposed merger of the firms. Indeed, the Board of Directors of CCNN and owners of Sokoto Cement Plant, had announced that it has…

The challenges of infrastructure decay and the burden of retooling have been identified as the major impediment against the declaration of dividend for shareholders by the Board of the Cement Company of Northern Nigeria (CCNN) Plc.