BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500
Abdul-Samad Rabiu, Chairman of BUA Group, has reiterated the company's pledge to sell cement at N3,500 per bag starting January 2024.
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Dangote, BUA, Lafarge Cement Losing Revenue To Rising Costs Of Raw Materials, Labour, Others
Nigerian Cement companies, Dangote, BUA and Lafarge Cement are losing their earnings to the rising cost of sales, Prime Business Africa analysis showed. In the first half (H1) of 2023, the cement industry saw the cost of sales rise by 16.03 per
Wema Bank, BUA Cement, Others Cost Stock Market Investors N672bn
Wema Bank and BUA Cement are part of the stocks that dragged the Nigerian stock market capitalisation down by N672.02 billion on Tuesday. Following selloffs in these equities, including Lasaco, and PZ, the bourse’s capitalisation fell to N33.05 trillion, from N33.73 trillion.
Trillionaire Club: Five Most Valuable Companies In Nigeria Worth N19.32 trillion
The trillionaire club is not for everyone, nor is it for every company. Only a handful has made it to this exclusive list out of the over 150 companies publicly listed in the Nigerian stock market. As of Thursday, 4 May, there
Industry Review: Dangote Cement’s Net Profit Drops, Falls Behind BUA, Lafarge
Nigerian cement manufacturers reported sales worth over N2.35 trillion in 2022, recording a 21.64 per cent rise in gross earnings, but thanks to Dangote Cement, the industry suffered a decline in net profit. Prime Business Africa’s cement sector analysis showed that the
Nigerian Stock Market Investors Pocket N154.29bn, As Thomas Wyatt, Others Record Gain
On Wednesday, the market capitalisation of the Nigerian stock exchange increased by 0.55 per cent or N154.29 billion to N28.17 trillion, from N28.02 trillion. The growth in market capitalisation followed the 283.27 basis points gained by the All Share Index on Wednesday, which lifted
5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate
In 2022, Nigeria experienced historic inflation, with the rate closing in November at 21.47 per cent, the highest level in 17 years. Within 11 months, inflation soared by 37.6 per cent, having posted a 15.6 per cent rate in January 2022. This
Investors Pocket N192.71bn, As Nigerian Stock Exchange Rises By 0.69%
Investors closed trading on Friday with N192.71 billion gain, after the market capitalisation rose by 0.69 per cent from Thursday’s N27.70 trillion to N27.89 trillion. The growth was driven by the All Share Index which appreciated from 50,868.52 ASI to 51,222.34 ASI, after
BUA Cement, Transcorp Top Trade, Stock Market Cap Closes With N28.13 trillion
Over N33.71 billion was gained on Wednesday, representing 0.11 per cent growth in the Nigerian bourse’s market capitalisation, which rose from N28.10 trillion to N28.13 trillion. The All Share Index closed with 51,657.56 ASI, adding 61.9 basis points to the 51,595.66 ASI recorded a day
Airtel, 4 Others Make List Of Most Valuable Companies In Nigeria
Only five companies made it into the most valuable firms’ list at the end of business activities in 2022, out of the over three million companies registered in Nigeria. The companies are members of the prestigious trillion-naira club. They are publicly-listed firms
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