REVEALED! How cement prices in Nigeria can crash

REVEALED! How cement prices in Nigeria can crash

REVEALED! How cement prices in Nigeria can crash      BUA Cement Plc has revealed how the prices of cement can crash in the face of the high cost of the product across the country. The second-largest cement producer in Nigeria said that cement prices will crash if Nigeria has more producers. Nigeria currently has 3 major cement producers namely; Dangote Cement, BUA Cement and Lafarge Cement. Their combined 30 million tonnes per annum production does not meet rising local demand. This disclosure was made by the Chairman of BUA…

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NGX kicks off with BUA Cement’s N115bn bond listing

NGX kicks off with BUA Cement’s N115bn bond listing

NGX kicks off with BUA Cement’s N115bn bond listing     The Nigerian Exchange Limited (NGX) commenced formal operation under its new identity on Tuesday, April 13, 2021, with the listing of BUA Cement Plc’s ₦115bn 7-Year Series 1 Fixed Rate Senior Unsecured Bond issue. The listing was marked with a digital Closing Gong Ceremony by the Chief Executive Officer of BUA Cement Plc, Engr. Yusuf Haliru Binji. Speaking during the ceremony, the Divisional Head, Listings Business, NGX Limited, Olumide Bolumole said the exchange continues to provide a platform that…

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BUA’s N100bn bond opens for bid

BUA's N100bn bond

BUA Cement Plc, Nigeria’s second-largest cement manufacturing company quoted on the Nigerian Stock Exchange (NSE) announced it has commenced a book-building process to raise N1oo billion in the debt market. It informed investors via a filling at the NSE on Wednesday of its Series 1, N100 billion 7-year Fixed Rate Senior Unsecured Bonds under its N200 billion bond programme. The manufacturer said the announcement followed a successful approval by the Securities and Exchange Commission (SEC). BUA stated in the statement signed by Ahmed Aliyu, Company Secretary, BUA Cement Plc. The…

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