The Chairman of BUA Cement Plc, Abdulsamad Rabiu has related how cement dealers frustrated his company’s plan to sell cement at ₦3,500 per bag last year.
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“The truck involved in the accident in Anambra State on Tuesday, July 9, 2024, is not in any way a BUA Cement truck,” the statement clarified.
President Bola Tinubu has ordered Dangote, BUA, Larfarge, other cement companies to revert to the old price as it was in the country.
However, at the three-hours meeting also attended by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, with representatives of Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc in Abuja on Monday, the cement producers said their operating costs was responsible for the hike in the prices of the product.
Nigerian billionaire industrialist AbdulSamad Rabiu, the chairman of BUA Group, has recouped some of the financial losses he suffered in 2023 as his fortune surged past the $5.5-billion mark, solidifying his position as Nigeria’s second-richest man and one of Africa’s richest billionaires.
ASHENEWS reports that BUA Cement on Sunday announced the reduction in the price of cement in a bid to boost business in the infrastructure sector.
BUA Cement PLC, one of Nigeria’s foremost cement companies, said it recorded a 40 percent increase in its revenue within the last one year.
BUA Cement Company has disclosed that the company will increase its cement export to neighbouring Niger republic and Burkina Faso…
By Abdallah el-Kurebe In carrying out its corporate social responsibility (CSR), BUA Cement has provided a 10,000 litres solar borehole…
The management of BUA Cement has confirmed the death of three workers from the fire incident that gutted the diesel…