BUA Cement lists US$281m 7-Year unsecured bond on Nigerian Exchange

BUA to establish mega cement manufacturing complex in Nigeria

NIGERIA – BUA Cement Plc, a manufacturer of construction materials, has listed its N115billion (US$281m) 7-Year Series 1 Fixed Rate Senior Unsecured Bond on Nigerian Exchange, making it the first listing in the NGX era. The listing was commemorated with a digital Closing Gong Ceremony featuring the Chief Executive Officer (CEO), BUA Cement Plc, Engr. Yusuf Haliru Binji. NGX has reiterated its commitment to providing issuers with a platform that allows them to continue to raise capital even in the toughest of times whilst also facilitating secondary market trading activities.…

Read More

BUA Cement posts 19.4% growth in profit for financial year 2020

BUA to establish mega cement manufacturing complex in Nigeria

NIGERIA – BUA Cement Plc, a leading cement manufacturer in Africa, has declared in its audited financial statement, a 19.4% year-on-year growth in profit to N72.34 billion (US$176.51m) for the financial year of 2020, compared to last year’s figure of N60.34 billion (US$147.23m). The double-digit growth in profit was a testament to the cement maker’s focus on efficiency, excellent cost optimization strategies, newer technologically advanced plants, and lastly the strong growth in revenue which was driven by the rising demand for cement. BUA Cement’s revenue expanded by 19.33% in 2020,…

Read More

BUA Cement Plc successfully completes US$29m Series 1 Corporate Bond Issue

NIGERIA – BUA Cement Plc, a part of BUA Group, has announced that it has successfully concluded its N115 billion (US$29m) Series 1 Fixed Rate Senior Unsecured Bond Issue under its maiden N200 billion (US$51m) Bond Issuance Programme. With this development, BUA Cement’s Series 1 Bond becomes the largest ever corporate bond issued in the Nigerian Debt and Capital Markets. A statement issued by the company said the development signalled growing investor confidence in the cement company. According to the company, an application will be made to dual-list the bonds…

Read More

Jacques PieKarski leaves TGI Group to assume new role as BUA Cement Chief Finance Officer

NIGERIA – BUA Cement, one of Nigeria’s largest cement manufacturing companies, has appointed Jacques Piekarski as its new Executive Director and Chief Finance Officer. A seasoned finance professional with over 26 years’ experience, Jacques Piekarski has had an illustrious career and has held several C-suite finance roles across Europe and Africa in FMCG, Cement, Trading, and Mining.  Prior to joining BUA Cement, Jacques was Group CFO for TGI Group Nigeria – one of the largest Privately owned Food and Agriculture conglomerate in the country. He joined this role from Flour…

Read More

BUA to establish mega cement manufacturing complex in Nigeria in ambitious expansion drive

BUA to establish mega cement manufacturing complex in Nigeria

NIGERIA – BUA Cement, one of West Africa’s largest Cement companies has announced plans to establish a mega cement manufacturing complex in Nigeria’s Adamawa state in what is seen as an ambitious expansion drive. A statement from BUA explained that the cement manufacturing complex will comprise a three million metric tonnes cement plant and a 50 megawatts power plant. The complex according to the BUA statement will be located in Guyuk and Lamurde local governments of Adamawa state in the North Eastern region of Nigeria. Chairman of BUA, Abdul Samad…

Read More