The most capitalised firm on the Nigeria Stock Exchange emerged ahead of BUA Cement Plc and CAP Plc.
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Emefiele made the pledge in his remarks at the inauguration of the new BUA cement plant in Sokoto, performed by President Muhammadu Buhari in Sokoto, on Thursday, January 27, 2022.
The foremost indigenous cement manufacturer came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the coffer of the federal government a princely sum of N97.24billion in the year, while MTN Communication Nigeria Plc paid N93.6billion and Guaranty Trust Bank came third with an income tax of N36.66billion.
In the world, Elon Musk of Tesla became the world’s richest person, overtaking Jeff Bezos of Amazon due to surging share price of Tesla.
With this development, BUA Cement’s Series 1 Bond becomes the largest ever Corporate Bond issued in the Nigerian Debt Capital Markets and signposts growing investor confidence in Nigeria’s second largest cement company.
The company disclosed this in a notice titled, ‘Notification of Capacity Expansion’, posted on the NSE’s website and signed by Ahmed Aliyu, BUA Cement Company Secretary.
BUA Group, one of Africa’s largest infrastructure companies, has announced its acquisition of majority shareholding in P.W. Nigeria Limited, one of Nigeria’s largest construction, engineering and mining companies.