Business

Cement price reduction plan thwarted by dealers, Naira Devaluation, says BUA Chairman Rabiu

DailyTimesNGR DailyTimesNGR 2 September 2024 0

Abdul Samad Rabiu, chairman of BUA Cement, has disclosed that his company’s plan to reduce the price of cement from N4,500 to N3,500 per bag last year was thwarted by cement dealers and economic factors. Speaking on Thursday at BUA Cement’s 8th annual general meeting in Abuja, Rabiu highlighted

Business

NSE drops N393bn on renewed profit taking

Ihesiulo Grace 6 January 2021 0

The nation’s bourse recorded its first loss in the year on Tuesday, dropping by N393 billion due to renewed profit taking on blue chips. Specifically, the market capitalisation shed N393 billion or 1.83 per cent to close at N21.122 trillion from N21.515 trillion recorded on Monday. Similarly, the All-Share Index lost 751.25 points or 1.83 […]

Business

Equities market sheds N62bn over profit-taking in BUA Cement, others

Ihesiulo Grace 11 June 2020 0

The equities market of the Nigeria Stock Exchange (NSE) closed lower on Wednesday’s session, as investors took profit in market heavyweight stocks amid renewed profit taking activity. The All-Share Index (ASI) decreased by 120.11 basis points, representing a dip of 0.47 per cent to close at 25,215.04 basis points. Accordingly, the Month-to-Date return turned negative […]

Business

BUA Cement emerges third largest listed company

Ihesiulo Grace 10 January 2020 0

Lagos – BUA Cement Plc achieved a feat on the Nigerian Stock Exchange (NSE) with the listing 33.86 billion ordinary shares at N35 per share, emerging as the third largest company on the bourse. The listing of the company’s shares on Thursday added N1.18 trillion to the NSE market capitalisation. Mr Oscar Onyema, NSE Chief […]

Industry

BUA enhances best standard practice through training of over 500 technicians

Ihesiulo Grace 10 September 2019 0

BUA Cement has said that over 500 building technicians and block makers have been trained on global best practice and block making techniques in a bid to reduce the series of building collapse in the country. Addressing stakeholders at the recent training workshop held in Ilorin and Lagos, in collaboration with the Industrial Training Fund […]