BUA Cement

Shareholders of Cement Company of Northern Nigeria (CCNN) plc has agreed a merger agreement with the Kalambaina Cement Company Limited in Sokoto State.

The Management of BUA Cement has said the firm is working towards reducing the price of its product (BUA cement) across the country.

Vice President, Yemi Osinbajo, on Thursday called for a reduction in cement price, while inaugurating the 350 million dollars BUA Cement Plant at Kalambaina, Sokoto State.

Cement Company of Northern Nigeria (CCNN) has dominated other companies to emerge as best performing stock in percentage terms on the Nigerian Stock Exchange (NSE) for the half year ended June 30, 2018, according to data from the exchange.

The Nigeria Police have allegedly declared the Managing Director of BUA’s Obu Cement Company, Engr. Yusuf Binji, wanted over an alleged attack on the convoy of the Governor of Edo State, Mr Godwin Obaseki.

Cement firm, BUA Group, has accused Edo State Governor, Godwin Obaseki, of shutting it out of operation in one of its mining sites in the state.

Edo State Government has ordered the immediate shutdown of the disputed Obu mine site in Okpella community of Edo State following a directive from the Federal Ministry of Mines and Steel Development to avoid the breakdown of law and order in the community.

The Ministry of Mines and Steel Development has described the publication of the BUA Group cement as an unwarranted campaign of calumny against it and the office of the Minister.

Vice President Yemi Osinbajo has said that the federal government Economic Recovery and Growth Plan which was launched by President Muhammadu Buhari, will continue to provide support to the private sector.