BUA Group has signed a contract with Wartsila Oy of Finland for the construction of a 48 megawatt power plant for Sokoto Cement line 3 in Sokoto State.
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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.
Less than one week after the listing of shares from the almost $1 billion merger between BUA Kalambaina Cement Company and Cement Company of Northern Nigeria, where it also assumed majority stakes in the enlarged company,
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.
The Nigerian Stock Exchange on Monday listed the supplementary shares of Cement Company of Northern Nigeria following its merger with BUA Group’s Kalambaina Cement Company.
A Federal High Court sitting in Lagos has given its final sanctions to the scheme of merger between the Cement Company of Northern Nigeria and BUA Group’s Kalambaina Cement Company.
With this shareholder approval, the new CCNN will have a total installed capacity of two million metric tonnes and is set to be the dominant cement player in the key regional markets in Northern Nigeria with almost unfettered access to key export markets in West Africa.
BUA Titans, the football team of BUA Group, on October 1 emerged champions at the 2018 Standard Chartered corporate Cup Nigeria – a five-a-side football tournament hosted by Standard Chartered Bank in Lagos, Nigeria in partnership with Liverpool FC of England.
The efforts of the Ebonyi State Government towards full industrialization of the State on Wednesday received another boost as the BUA Group visited the State to fine-tune arrangement towards the establishment a cement factory in Okpoto, Ishielu Local Government area of the State.
The Cement Company of Northern Nigeria has announced the appointment of Yusuf Binji as its new Managing Director effective from September 1.
Former Governor of Akwa Ibom State, Senator Godswill Akpabio, who is also the Senate Minority Leader, will chair the event, while foremost industrialist and Chairman of BUA Group, Alhaji Abdulsamad Rabiu, will perform the traditional turning of the sod to herald the construction of a befitting plaza for Nigerian Editors in the Federal Capital Territory.
This was disclosed in a statement in Lagos by BUA’s Corporate Communication Officer, Sunday Ogieva.
The order was conveyed in a letter from the Federal Ministry of Mines and Steel Development, with Reference number: MMSD/MID/OP/RS.71/1/ and addressed to BUA’s Chairman and Chief Executive Officer.
Dangote in a statement revealed that its reaction became very necessary as a result of its status as a publicly quoted company and to further re-assure its shareholders, the regulators and members of the public that the company is and remains a responsible corporate citizen.
Alhaji Mohammed Abass, the Permanent Secretary of the ministry, said in a statement on Tuesday in Abuja that the publication by the company to blackmail the ministry into granting a free pass for illegal operations, was unwarranted
Rabiu said this while addressing State House Correspondents after a meeting of the Presidential Industrial Advisory Council, chaired by Vice President, Yemi Osinbajo, at the Presidential Villa.
The Chief Operating Officer, Media Vision, Jimi Shogbesan, the organisers of the Games, said the athletes will vie for honours in five events of the Games
Treating strategy execution as ‘business-as-usual’ is another ground for failure. Executing a strategic plan is a well-reasoned, deliberate, focused activity which demands investment of effort, time, energy, and resources
Unlike the “once-upon-a-time” fate that befell themes such as ‘Total Quality Management, ‘lean manufacturing’, ‘Six Sigma’, ‘personnel management’, in Nigeria, any forward-looking organization should never trivialize strategy and strategic planning in terms of organization-wide commitment and shared sense of urgency and execution. To do otherwise could engender sheer waste of scarce resources of time, energy and funding
The governor described the discovery as a major boost to Federal Government efforts at diversifying the country’s economy