BUA – InfoStride News

BUA Chairman Says FX Policy Reform Ends Dollar Lobbying Pressure

Temitope Nlewemchi — Tue, 22 Jul 2025 16:14:34 +0000

The Chairman of BUA Group, Abdul Samad Rabiu, has said that the recent foreign exchange (FX) reforms introduced in Nigeria have brought an end to the long-standing practice of businesses lobbying the Central Bank of Nigeria (CBN) for access to dollars. Speaking in a recent interview, Rabiu applauded the federal government’s move to unify the [...]

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BUA Cement Plc to Fund Lokoja-Benin Road with N120 Billion Through Tax Credit Scheme

Temitope Nlewemchi — Wed, 15 May 2024 22:59:24 +0000

The Federal Executive Council (FEC) has given its nod to the equalisation of the Okpella section of the Lokoja-Benin road and other critical routes, amounting to N120 billion, to be financed by BUA Cement Plc under the tax credit scheme. Bayo Onanuga, the Special Adviser to the President on information and strategy, shared this update [...]

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BUA Group Announces 50% Salary Increase for Workers Amid Hardship

Temitope Nlewemchi — Mon, 19 Feb 2024 02:21:11 +0000

In a commendable move, the BUA Group, a prominent Nigerian conglomerate, has announced a 50% salary increase for its workers. This decision reflects the company’s commitment to prioritizing the well-being of its workforce during a period of economic challenges and rising living costs. The salary increase is a proactive measure taken by the BUA Group [...]

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Abdul-Samad Rabiu Announces BUA Cement Price Freeze at N3,500 Beyond January 2024

Temitope Nlewemchi — Fri, 29 Dec 2023 19:43:56 +0000

Abdul-Samad Rabiu, the Chairman of BUA Group, reiterated the company’s unwavering commitment to offer cement at the affordable rate of N3,500 starting from January 2024. This commitment was emphasized during his discussion with State House Correspondents after a meeting with President Bola Tinubu in Lagos on a Thursday. Assuring the public of BUA Group’s dedication [...]

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BUA Group Empowers UNIMAID with N1bn Entrepreneurship Hub

Temitope Nlewemchi — Mon, 20 Nov 2023 17:23:04 +0000

Abdul Samad Rabiu, the esteemed billionaire and chairman of BUA Group, marked a significant milestone on a Sunday by officially handing over the Abdul Samad Rabiu Africa International Centre for Innovation and Entrepreneurship to the University of Maiduguri. This remarkable initiative, built with a dedicated investment of N1 billion by the Abdul Samad Rabiu Africa [...]

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BUA Foods’ robust 2022 financial results signal growth opportunities for investors

Temitope Nlewemchi — Tue, 17 Oct 2023 21:37:31 +0000

In a recent financial report for the year ending December 31, 2022, BUA Foods, a prominent integrated consumer goods company in Nigeria, announced impressive results, reflecting its robust performance and growth prospects. Despite facing significant macroeconomic challenges, such as inflation and currency devaluation, BUA Foods managed to achieve remarkable milestones, making it a noteworthy player [...]

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BUA Cement maintains its prices at N5,300 to N5,500 despite the price reduction.

Temitope Nlewemchi — Wed, 11 Oct 2023 22:40:26 +0000

Despite the assurance of a price reduction, the cost of BUA Cement has not seen a significant change and continues to retail at the old price range of between N5,300 and N5,500 in Lagos, as per findings by Infostride News. The announcement of the price reduction was made by Abdul Samad Rabiu, the Group Chairman [...]

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