Browsing: BUA Group

A statement by BUA Group explained that Dangote, in its hurry to twist facts, failed to justify the alleged misinterpretation in its publication but stylishly stated that it has appealed the judgement whilst accepting the recent court order, which granted BUA the right to peaceful possession and operations of three of its mining sites in Obu, Okpella in Edo State.

The Kwara State Government has commended the Chairman of BUA Group, Abdulsamad Rabiu; Chairman of the Tony Elumelu Foundation, Tony Elumelu; and United Bank for Africa for their financial support to strengthen the national and subnational campaigns against the spread of Coronavirus Disease.

Abdul Samad Rabiu, Chairman, Cement Company of Northern Nigeria and Founder/CEO of BUA Group, rang the closing gong on the floor of The Nigeria Stock Exchange to mark the end of trading on Wednesday and commemorate the successful completion of the CCNN/Kalambaina Cement Merger and listing of the shares of the expanded CCNN entity, which is now one of Nigeria’s 12 most capitalized companies on the exchange.

The market value of the Cement Company of Northern Nigeria, having gained 110 per cent at the close of trading on December 31, 2018, increased to N254,983,918,740.40 billion shortly after the merger with BUA Group’s Kalambaina Cement Company Limited was approved by the regulators and 13.1 billion shares of expanded were listed on the NSE.