BUA Cement Blames Naira Devaluation for 31% Fall in Net Profit

By Adedapo Adesanya BUA Cement Plc saw its profit after tax decline by 31.2 per cent in 2023 due to foreign exchange losses, triggered by the devaluation of the Naira by the Central Bank of Nigeria (CBN), amid a 27.4 per cent rise in revenue. The company’s chairman, Mr AbdulSamad Rabiu, disclosed this on Thursday… Continue reading BUA Cement Blames Naira Devaluation for 31% Fall in Net Profit

Appetite for BUA Cement Stocks Lifts Nigerian Exchange by 0.59%

By Dipo Olowookere The first trading session in the last quarter of the year ended on a positive note with a 0.59 per cent growth buoyed by the strong appetite for BUA Cement stocks. Over the weekend, the management of the cement maker announced a reduction in the ex-factory price of its product to N3,500… Continue reading Appetite for BUA Cement Stocks Lifts Nigerian Exchange by 0.59%

Banking, Cement Stocks Strengthen NGX Index by 2.90%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 2.90 per cent as investors felt very confident about the stock market again after it came under the control of the bears for months. The significant attention attracted by banking and industrial goods equities, particularly cement stocks, further strengthened the exchange yesterday, with the market… Continue reading Banking, Cement Stocks Strengthen NGX Index by 2.90%

Interest in BUA Cement, Others Increases Investors’ Wealth by N213bn

By Dipo Olowookere Investors trading stocks in Nigeria gained N213 billion on Wednesday on the back of interest in the shares of BUA Cement, International Breweries and Eterna, which rose by 10 per cent each. During the session, the Nigerian Stock Exchange (NSE) appreciated by 1.03 per cent as a result of the bargain hunting… Continue reading Interest in BUA Cement, Others Increases Investors’ Wealth by N213bn