Nigerian billionaire abdulsamad rabiu to merge obu cement. Lagos including stock price, stock chart, company news, key statistics, fundamentals and company profile. Bua group massive recruitment 2019 bua cement, bua sugar refinery, bua oil mill, bua port and terminals and bua estate. Bua group possesses a strong capacity in cement manufacturing with 3 major subsidiaries and plants in northern and southern nigeria as well as a 2 million metric tonnes per annum floating terminal serving niche markets. Dangote, bua in war of words over mining site punch newspapers. The company owns and operates nigerias first floating cement terminal, the bua cement 1, which is designed specifically for bulk and bag unloading for bua international limited. Cement plant information for obu can be found below. Together, both plants increased the groups production capacity by 4. Bua s acquisition of majority holdings in pw nigeria limited provides a prime opportunity to increase our investments in the entire value chain of the cement, mining and construction industry where we already have bua cement plc, the second largest cement company in nigeria, as well as investments in other areas including mining, quarrying. Bua cement plc is a product of a merger between the cement company of northern nigeria ccnn and obu cement, which were entities majorly owned by alhaji abdulsamad rabiu and alhaji isiaka rabiu. Lagos stock quote bua cement plc bloomberg markets.
And since it delivers the highest levels of reliability across all industries, the standardized hardware and software of this world leading process control system stand out from the competition. Its subsidiaries are kalambaina cement company ltd, which has a. The official commissioning ceremony for the new obu cement plant is planned for 3q15. Bua group is a top producer of foods and infrastructure in nigeria. This is coming two months after the firm announced that it has signed a contract with worlds renowned cement manufacturing company, cbmi, for the construction of. His late father, khalifah isyaku rabiu, was one of nigerias foremost industrialists in the 1970s and 1980s. Apr 2018 present 2 years 2 months execute audit procedures including tests of internal control. Damnaz cement company limited is a whollyowned subsidiary of bua international limited through which bua international limiteds investment of 50. Simatic step 7 is the worlds best known and most widely used engineering software in industrial automation. Bua group, a conglomerate controlled by nigerian billionaire abdulsamad rabiu, has announced plans to merge its privately owned obu cement with the publicly traded cement company. Lag share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more. Dangote group is one of nigerias most diversified business conglomerates. Lagos including stock price, stock chart, company news, key statistics, fundamentals and company profile infoware finance.
Company profile page for bua cement plc including stock price, company news, press releases, executives, board members, and contact information. Apr 07, 2020 as the equities market continues to reel from the impact of the coronavirus covid19 pandemic, losses recorded in two industrial goods giants bua cement plc and dangote cement plc yesterday, pushed the market further down by 2. Osinbajo, obaseki, sanusi, others at commissioning of bua. Bua cement plc is a publicly listed firm headquartered in nigeria, it produces and markets cement products in the country. Accordingly, the completion of the scheme of merger led to the delisting of ccnn and listing of the enlarged firm, bua cement plc. Bua cement, with its listing, has displaced airtel africa plc by becoming the third largest company on the nse. Sectors include sugar, flour, pasta, edible oils, rice, cement, steel, real estate, ports, terminals. The new entity listed as bua cement plc on the nigeria stock exchange became the third largest on the exchange with n1. Bua cement plc news latest breaking stories and top. Jun 28, 2018 the boards of directors of cement company of northern nigeria plc ccnn and kalambaina cement company limited kalambaina cement, a wholly owned subsidiary of bua cement company limited, have agreed to merge their businesses, wit h ccnn a s the resultant entity, subject to required regulatory and shareholders approvals the proposed merger. Bua group acquires majority intrest in construction.
Bua does not stand to gain at the expense of other shareholders. In recent times, with the advent of favorable policies such as tax relief programs, indigenous cement companies have risen to the challenge of. Finn arnoldsen, chief operating officer coo, bua cement plc. Dangote petroleum refinery, a subsidiary of dangote group, is a stateoftheart refinery worlds largest single train refinery with an integrated petrochemical complex and an unltramodern fetilizer complex with the largest trains in the world are under con. About bua cement plc bua cement plc manufactures building materials. Dalu ajene, deputy chief executive officer dceo, rand merchant bank. Thus, the component of the outstanding shares of the enlarged. Mar 25, 2019 bua group has signed a contract with wartsila oy of finland for the construction of a 48 megawatt mw power plant for sokoto cement line three in sokoto state. Infotainment from dangote cement factory promo dangote3xcement dangote r. For the records, dangote cement plc is currently the biggest cement company in the world with factories spread across africa. The combined firm, called bua cement plc, trades on the nigerian stock exchange. Cse share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more. Finbarr irosowe radio host seed online radio linkedin. Billionaire mogul abdulsamad rabiu closes in on rival.
Bua s acquisition of majority holdings in pw nigeria ltd provides a prime opportunity to increase our investments in the entire value chain of the cement, mining and construction industry where we already have bua cement plc, the second largest cement company in nigeria, as well as investments in other areas including mining, quarrying. Samuel adekunle audit associate bua cement plc linkedin. Vessel bua cement i bulk carrier imo 7222528, mmsi 353099000. For programming controllers of the latest generation s71200, s71500, et 200sp cpu and s7. Bua s acquisition of majority holdings in pw nigeria limited provides a prime opportunity to increase our investments in the entire value chain of the cement, mining and construction industry. Dangote is still africas richest man african business magazine. Yusuf nabahani on 07085632054 for booking and logistics. Dec 18, 2017 akinpelu dada the war of words between the dangote group and bua group continued on sunday with the former accusing the latter of illegally mining limestone deposited in its mining lease no. The vessel is 200 meters long and features a storage capacity of 40,000 mt.
This merger resulted in bua cement company limited, being the major owner of kalambaina cement company limited, to have 87. A leading food, cement and infrastructure conglomerate, bua group, has announced the acquisition of majority stake in p. Abdul samad rabiu established bua international limited in 1988 for the sole purpose of commodity trading. According to a statement from bua, the acquisition was done in order to further deepen its investments in the infrastructure business in subsaharan africa. Also, the enlarged company, bua cement plc, with a total installed capacity of 8.
Bua will be presented with the same terms and conditions as all shareholders. It is a publicly quoted company on the nigerian stock exchange nse and serves nigeria and south africa with a wide range of building and construction solutions designed to meet housing and construction needs from small projects like individual home buildings to. Trade and other receivable is impaired if objective. Cement manufacturing operations management software and optimization enterprise digital transformation consultancy, processes and software for optimized operations management in cement industry from raw material grinding, preparation and processing to delivery of the product to your market.
Fixed income expert explains why investors should embrace the idea of. Review and send monthly report of audit department to the group head. Starting a cement distribution company sample business. Frequently asked questions about the proposed merger between cement company of northern nigeria plcccnn and obu cement. According to forbes listing, only eight of africas 54 nations are home to billionaires. In order to streamline cement lab operations, pegasus vertex, inc. The vessel has a storage capacity in excess of 30,000 metric tonnes and is equipped with a siwertel ship unloader capable of unloading cement at a rate of 800 metric tonnes per hour from. The vessel is 200 metres long and has a storage capacity of 40,000 mt. Ensuring the policies, plans and procedures laid in the company by the management are being duly adhered to.
He also worked as a consultant at pbtg consulting between january and june 1999. Cemat breaks new ground in every way, and offers new opportunities in cement production because its technology basis is simatic pcs 7. Bua group recruitment and job vacancies 2020 newbalancejobs. Bua group, a conglomerate controlled by nigerian billionaire abdulsamad rabiu, has announced plans to merge its privately owned obu cement with the publicly traded cement company of northern.
In 2020, bua group consolidated its cement operations and listed bua cement plc on the nigerian stock exchange with a total combined installed capacity of 8million mtpa and a market capitalization of n1. The company is primarily engaged in operating its cement manufacturing business through its subsidiaries and has its plants located. Buas acquisition of majority holdings in pw nigeria limited provides a prime opportunity to increase our investments in the entire value chain of the cement, mining and construction industry where we already have bua cement plc, the second largest cement company in nigeria, as well as investments in other areas including mining, quarrying. Bua cement plc is a product of a merger between the cement company of northern nigeria ccnn and obu cement, which were entities. The marriage of two cement subsidiaries under abdulsamad rabiuled bua group cement company of northern nigeria plc ccnn and obu cement company limited into a single entity was perfected. Bua cement plc is a nigeriabased cement manufacturing company. Abdul samad isyaku rabiu con born 4 august 1960 in kano, nigeria is a nigerian businessman.
Description bua cement plc, listed on the nigerian stock exchange, is a nigerian cement producer. Troubleshoot and resolve media related software and hardware issues. Now, the merged entity, bua cement plc is listed on the nigerian stock exchange at a market capitalization of n1. The group also holds a stake in damnaz cement company ltd which is the majority shareholder in cement company of northern nigeria. Jan, 2020 according to the scheme of merger document, obu cements now bua cement plc 40. Olaniwun ajayi lp advises on the merger of ccnn and bua. Following the delisting of,143,500,966 ordinary shares of ccnn from the daily official list of the nse, bua now has 33,864,354,060 ordinary shares of 50 kobo each now listed on the exchange.
Software testing and quality assurance, agile transformation itil, istqb joyce ibhagbosoria. Cement company of northern nigeria plc statement of significant accounting policies contd impairment of financial assets carried at amortised cost the company assesses at each reporting date whether there is objective evidence that trade and other receivables are impaired. Following the delisting of,143,500,966 ordinary shares of ccnn from the daily official list of the nse, bua now has 33,864,354,060 ordinary shares of 50 kobo each now listed on the. Upon listing on the nse, the enlarged company bua cement plc was valued at n35.
Bua cement plc, a member of the bua group, is a nigerian industrial company engaged in the manufacturing and marketing of cement products. See who you know at bua group, leverage your professional network, and get hired. It is high time you align yourself with the rapidly growing company that is backed by a strong management. Bua cement was created as a result of the consolidation of bua groups cement holdings in nigeria, namely, obu cement and cement company of northern nigeria ccnn. For full access to the database, purchase the global cement report, th edition. Following the merger of the two companies, bua cement became the secondlargest producer of cement. Cemlab cement lab data management drilling software.
Bua cement embraces in 2008 and commenced activities in september 2008. Bua cement on thursday, january 9, 2020, listed on the nigerian stock exchange nse with a market capitalization of. Yusuf haliru binji, managing directorceo, bua cement plc. Bua cement plc company profile and news bloomberg markets. Bola adeeko, head, shared services division, the nigerian stock exchange nse. Bua group massive recruitment 2019 64 positions jobsgivers. Bua cement plc listed in january 2020 following the conclusion of the merger of two of buas cement entities, the cement company of northern nigeria and obu cement company. Providing high quality products and services with a focus on total quality management. Historical chart, prices and data share bua cement plc buacement ngbuacement3 nigerian stock exchange. The company is primarily engaged in operating its cement manufacturing business through its subsidiaries and has its plants located in northern and southern nigeria. Bua cement plc achieved a feat on the nigerian stock exchange nse with the listing 33.
Lafarge africa plc is a member of the lafargeholcim group the biggest building and concrete solutions company in the world. Bua group acquires majority stake in p w nigeria innovation. He sits on the board of bua international limited, bua sugar refinery limited and cement company of northern nigeria plc. Abb cement manufacturing operations software abb industry. The nigerian stock exchange nse market capitalisation on thursday hits n15. Located in nkalagu, ebonyi state, nigeria, this company was the first indigenous manufacturer of cement in nigeria.
Mar 31, 2020 buas acquisition of majority holdings in pw nigeria limited provides a prime opportunity to increase our investments in the entire value chain of the cement, mining and construction industry where we already have bua cement plc, the second largest cement company in nigeria, as well as investments in other areas including mining, quarrying. Vessel position, logs and particulars for bulk carrier bua cement i at, the global ship database. According to the scheme of merger document, obu cement s now bua cement plc 40. Nigerian billionaire abdulsamad rabiu to merge obu cement, ccnn. Abdulsamad rabiu, ceo bua group during the commissioning of bua cement plant in okpella. On 24 december 2018, cement company of northern nigeria plc finalized its merger with kalambaina cement company limited to enlarge its business operation.
Nigeria limited one of the largest construction, engineering and mining companies in nigeria. Fresh graduates and experienced jobs listing are are available for application. The company imported rice, edible oil, flour, and iron and steel. Before joining bua group in 2004, he was head of corporate finance in the citizens international bank plc where he worked from 1999 to 2004. The vessel is given a siwertel ship unloaded capable of receiving cement at a rate of 800 mt per hour from incoming cement ships. Following the merger of the two companies, bua cement became the secondlargest producer of cement by volume in nigeria with factories in sokoto state, northeast nigeria, okpella edo state. Bua, ibeto and dangote, say they welcome the call for the country to move to the sole use of the enhanced class of cement called the 42. Nov 01, 2019 bua group, a conglomerate controlled by nigerian billionaire abdulsamad rabiu, has announced plans to merge its privately owned obu cement with the publicly traded cement company of northern.
1243 1139 1196 877 46 111 291 890 661 1130 1251 528 1449 518 278 1280 287 293 962 1273 1254 17 980 571 34 378 816 3 1116 729 224 789 685 410 766 103 305 388 338 1425 531 833 437