Abdulsamad Rabiu
BUA increases price of cement
BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns. It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, “the company had no plans to increase prices of its cement now or in the near future.” According to a statement issued on April 24, 2021, the company stated that, “...
BUA donates N200 million, ambulances to Rivers, Kwara
BUA Group, through its philanthropic arm, BUA Foundation, has donated six ambulances, food supplies and N100 million each to Rivers and Kwara states. In March, BUA’s chairperson, AbdulSamad Rabiu, announced N1 billion donation to the private sector basket being coordinated by the Central Bank of Nigeria (CBN) in response to the pandemic. A month later, the group announced a fresh donation of N3.3 billion to help the most hit states of Lagos and Kano respond to the rising figures in their states. Speaking while presenting the ambulances to Nyesome Wike, the Rivers State governor, in Port Harcourt, and to his Kwara State counterpart, AbdulRahman AbdulRazaq, in Ilorin, representatives of BUA Foundation said the donations are intended to assist both governments in fighting the pandemic. Govern...
