Prime Business Africa
Foreign investors in Abdul Samad Rabiu’s BUA Cement reduced their investment in the company in 2025, milking the significant growth recorded by the manufacturer’s share.
Prime Business Africa’s analysis showed that the number of shares held by foreign investors dropped by 26,458, according to data obtained from the company’s financial statements for the period ended December 31, 2024 and 2025.
Join our WhatsApp ChannelAt the end of December 31, 2024, the volume of shares held by foreign investors in BUA Cement was 398,714; however, it decreased to 372,256 shares at the end of last year.
However, Prime Business Africa noted that the number of foreign shareholders in the cement manufacturer increased by four, from 104 foreign investors in 2024 to 108 the following year.
The foreign investors reduced their shareholdings during a period when BUA Cement’s share appreciated by twofold or 91.93 percent between January and December 2025.
This indicates equity traders were willing to exchange BUA Cement shares at N178.50 kobo per share at the end of last year, compared to N93 at the end of the previous year.
With the share price rising by N85.5 kobo, the value of shares held by BUA Cement investors within the period under review appreciated by 91.93 percent, making the cement producer attractive to profit-takers in the Nigerian Exchange (NGX).
The impact of the surge in the value of BUA Cement’s share is reflected in the remaining investments held by foreign investors in the manufacturer.
Prime Business Africa notes that despite reducing their shares by 26,458, the value of their remaining investments increased by N29.36 million during the period under review.
Analysis showed that as of December 31, 2024, the 398,714 shares held by the foreign shareholders were valued at N37.08 million; however, at the end of last year, the value increased to N66.44 million.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
