BUA Foods Targets N28 Dividend as Profit Rises N520bn
BUA Foods Plc has signalled immense confidence in its operational strategy by proposing a record-breaking dividend payout following a stellar 2025 financial year.
The food manufacturing giant announced a proposed dividend of N28 per share, marking a...
CNG Attracts N1.5trn Investment in 18 Months - Report
The Presidential Compressed Natural Gas Initiative (PCNGI) has stated that since the introduction of CNG in the country, it has attracted $980m (N1.504trn) investment in 18 months.
Speaking during the launch of the Portland Gas Ltd /...
I speak not only as the Chairman of BUA Group - one of Africa’s largest conglomerates, but also as someone who has lived through the complexity of Nigeria’s reforms..
Manufacturers Lose N1.9bn to FX volatility In Q1 - Report
Manufacturers in Nigeria have reported a loss of N1.91bn due to foreign exchange volatility in the first quarter of 2025, as revealed by their unaudited financial statements for the period ended 31 March 2025.
Some of...
Dangote Leads with 60% Gross Profit Margin in Q1
Dangote Cement, Nigeria’s largest producer of cement and one of the country’s most capitalised firms, outperformed industry peers to become the most efficient cement maker in the first quarter of 2025.
According to the Q1 financial reports...
High Cost of Cement Fuelled by Middlemen, BUA Says
BUA Cement Plc, has accused middlemen, or ‘dealers,’ of being the primary culprits behind the high cost of cement across the country.
The Chairman of the Board of Directors, Abdul Samad Rabiu, stated this at the company’s...
