EKO HOT BLOG reports that according to a recent survey, cement prices in some northern states have seen a decline. As reported by Legit, major cement manufacturers like Dangote, Lafarge, and BUA are selling the product at nearly identical prices. Despite efforts by the Nigerian government to alleviate the rising costs of construction materials, cement remains … Read more
EKO HOT BLOG reports that a BUA truck conveying cartons of spaghetti has been attacked by hoodlums at Dogarawa axis of Zaria-Kano expressway. Dogarawa is a settlement located on the outskirt of Zaria along the expressway. EDITOR’S PICKS A Nation at Crossroads: Balancing Health and Hardship in Nigeria’s Sachet Alcohol Ban Cement Hits N11,000 Per Bag … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu has issued a directive to cement manufacturers to revert to previous pricing of the commodity. This announcement was made by the Minister of Works, Senator David Umahi, following his inspection of the BUA cement factory in Sokoto on Thursday. During a recent meeting with the manufacturers, … Read more
According to Lai Mohammed, 11 states covering the six geopolitical zones will benefit from the scheme based on Executive Order No. 7. The Minister of Information and Culture, Lai Mohammed, has said companies like Dangote, BUA, and Lafarge will not pay tax for constructing roads across the country. The Minister disclosed that about 794kms of … Read more
…CBN said the three firms “have made reasonable progress in achieving backward integration”… The Central Bank of Nigeria (CBN) has limited the importation of sugar into the country to three companies: Dangote Sugar Refinery Plc, BUA Sugar Refinery Limited, and Golden Sugar Company, which is owned by Flour Mills of Nigeria Plc. In a statement … Read more
The private sector-led coalition against COVID-19 (CACOVID) says payment for AstraZeneca COVID-19 vaccines for Nigeria was not done by BUA group alone. There has been a face-off between BUA and CACOVID regarding the issue of payment for vaccine. The development has been tinged with accusation and counter accusations, engendering an unpleasant impasse that could threaten … Read more
The management of BUA Group Ltd has donated three (3) medical ambulances to Abia State Government to strengthen the fight against COVID-19 pandemic in the state. Dr. Okezie Ikpeazu, the Governor of Abia State, while receiving the three ambulances presented by the Managing Director, BUA Group Ltd to the Abia State Government at Government House, … Read more
Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalization dipped N155 billion or 1.17 percent to close at N13.049 trillion compared with N13.204 trillion achieved on Thursday. Also, the All-Share Index which opened at 25,312.05 shed 295.75 points or … Read more