Abdul Samad Rabiu, chairman of BUA Cement, revealed that plans to reduce cement prices to N3,500 were thwarted by dealers' actions, leading to sales at inflated rates. He cited naira devaluation and fuel subsidy removal as challenges, yet ensured prices remain more stable compared to last year...
In a high-profile meeting with governors and business leaders, President Bola Tinubu expressed his administration's unwavering commitment to addressing Nigeria's socio-economic challenges. Tinubu, alongside notable figures like Governors Charles Soludo and Dapo Abiodun, business magnates Aliko...
In a significant departure from conventional norms, Abdul Samad Rabiu, Chairman of BUA Group, has announced a groundbreaking decision to increase salaries by 50% for all staff members. The revelation came through an internal memo signed by Mr. Mohammed Wali, BUA’s Head of Human Resources...
The Federal government, led by Minister of Works David Umahi, is addressing the rising concerns over soaring cement prices by summoning major industry players to an urgent meeting.
The meeting, scheduled for Monday at the Federal Ministry of Works, Mabushi-Abuja, aims to examine the issues...
The price of a 50kg bag of cement has skyrocketed to approximately N9500 in numerous retail outlets across Lagos, intensifying the impact of inflation in Nigeria. Investigations conducted by Nairametrics reveal a sharp increase in prices since January, rising from around N6,000 to over N9000...
Two Nigerian billionaires, Aliko Dangote and Abdul Samad Rabiu, have reignited their long-standing feud over control of key industries. Dangote, Africa's richest person, owns Dangote Industries Limited, while Rabiu is the founder of BUA Group. Their rivalry spans decades and revolves around...
Two years after a truce brokered by former Kano State Governor Abdullahi Ganduje, Dangote Group's Aliko Dangote and BUA Group's Abdussamad Rabiu have rekindled their rivalry. Despite their initial agreement to work together for the country's growth and development, both organizations are now at...
The Cement Producers Association of Nigeria has expressed concern that the federal government's plan to introduce concrete roads may lead to a significant increase in cement prices, potentially reaching N9,000 per bag, up from the current N5,000. In a joint statement by the National Chairman...
Super Falcons Two big voices within Corporate Nigeria have thumbed up the Nigeria Football Federation (NFF) for its display of transparency with regards to the N50 million and N25 million windfalls both organisations gave to the Super Falcons, following the team
Read more via The Guardian...
Kano governor pays courtesy call on company’s HQ in Lagos BUA Group has announced plans to construct a N7.5billion ultra-modern specialist hospital in Kano State through its foundation, BUA Foundation. This was disclosed by the Executive Chairman/CEO of BUA, Abdulsamad Rabiu, during a courtesy...
Federal Government has directed the Management of BUA Group to vacate and stop mining activities in the disputed location within Mining Lease No 2541ML.
The order, which was exclusively made available to our correspondent, was conveyed in a letter from the Federal Ministry of Mines and Steel...
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