BUA Cement 's revenue rises by 41% in 9M22
BUA Cement ’s revenue in 9M22 increased by 40.5 per cent to NGN262.6bn (US$5.99m) from NGN186.9bn as at 9M21. Operating profit increases by 31.1 per cent to NGN99.2bn from NGN75...
Bua Cement
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What's driving Nigerian cement demand?
BUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria...
BUA Cement looks to finance 6Mta expansion project
BUA Cement is in talks with US-based International Finance Corporation (IFC) to raise funds through a loan to expand its cement facility, the company said in a statement to the ...
Fuel and power costs soar in Nigeria
Dangote Cement and BUA Cement spent a combined NGN173.54bn (US$413.8m) on fuel and power in the first half of 2022, up 38.3 per cent on the same period a year earlier. Fuel and ...
BUA Cement achieves net revenue of NGN188.6bn in 1H22
BUA Cement reported net revenue in the 1H22 up 51.7 per cent to NGN188.6bn from NGN124.3bn (US$452m), compared to the corresponding period ended June 2021. This included added v...
BUA to expand Kalambaina plant
BUA Cement is reportedly in talks with the International Finance Corporation (IFC) over a loan to expand its integrated cement plant in Kalambaina, Sokoto State, Nigeria. Accord...
BUA approves dividend and sets 2023 deadline for current expansion projects
BUA Cement Plc shareholders have approved dividends of NGN88.047bn (US$96.3m) for the financial year ended 31 December 2021 at NGN2.60k per ordinary share of 50k each. This appr...
BUA sees jump in profit following new plant
BUA Cement increased sales in the 1Q22 by 58.5 per cent to NGN97bn (US$233.4m) following the commissioning of its new 3Mta Kalambaina Line 4 . Other income surged seven times to...
BUA Cement fire results in loss of three lives
The management of BUA Cement PLC at the weekend announced a fire incident that occurred at a diesel storage tank farm situated in the vicinity of one of its plants in Sokoto . T...
BUA Cement brings Kalambaina Line 4 online
On 27 January Nigerian President Muhammadu Buhari inaugurated BUA Cement ’s 3Mta Line 4 at the company’s Kalambaina cement plant in Sokoto, Nigeria. "I am pleased that through t...