BUA Cement announce passing of company secretary
The Board and Management of BUA Group regret to announce the passing of Ahmed Aliyu (1975-2021), company secretary and chief legal adviser of BUA Cement Plc. Ahmed was also the ...
Bua Cement
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BUA Cement signs contract for third power plant from Wartsila
Nigeria’s BUA has signed an agreement with Wärtsilä for the delivery of a 70MW dual-fuel power plant for its Obu Line 3 project in Edo state. The gas power plant will be the thi...
BUA Cement records 23% increase in profit
Nigeria’s BUA Cement has reported a 23.2 per cent increase in profit after tax to NGN65.91bn (US$160.54m) in the first nine months of the year, compared with NGN53.5bn seen in t...
New entrants to help meet Nigeria's increasing cement demand
This week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, ...
BUA Cement announces plans for bond sale
Nigeria’s BUA Cement has announced plans to sell a second tranche of bonds under its NGN200bn (US$525.6m) programme to finance its expansion plans, following the release of the ...
BUA Cement sees 19% rise in profit
Nigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced 1...
Kalambaina Cement to launch second line in July
Nigeria's Kalambaina Cement (BUA Cement) is set to launch its 3Mta second line in July this year, which is expected to increase supply and stabilise the price of cement, accordi...
BUA Cement sees 19% revenue increase
Nigeria’s BUA Cement has seen a 19.3 per cent increase in revenue to NGN209.47bn (US$549.5m) in 2020, compared to NGN175.51bn in the previous year. Operating profit also climbed...
Rising to the challenge Premium
The COVID-19 pandemic has changed the way we live and the way we work. CBMI has successfully navigated the impact of the crisis by progressing with construction of the Kalambain...
Nigeria: search for new markets Premium
While Nigerian cement volumes rose sharply in the 3Q20 amid the COVID-19 pandemic, there is limited room for strong volume and price growth. For the oligopolistic domestic cemen...