Chairman of the BUA Group of Companies, Rabiu Abdulsamad, has expressed confidence that prices in Nigeria will soon start to come down under the administration’s economic policies. Abdulsamad, who was meeting with President Bola Tinubu to congratulate him on the successful completion of Ramadan in Lagos highlighted the significant progress that has been made in … Read more
A US court has ordered an American company to pay BUA International Limited £343,750.91 in arbitral award. The United States District Court for the District of Idaho gave the order to Domtec International LLC, an Idaho-based company specialising in the building of concrete domes. According to court papers obtained by PREMIUM TIMES, Domtec has 21 … Read more
BUA Cement has explained why its initial strategy to sell the commodity across the country for a fixed price of N3,500 per 50kg bag was unsuccessful. The corporation claimed that market forces hampered the plan. This clarification came after two civil society groups handed the firm a seven-day ultimatum to sell cement at N3,500 per … Read more
Manufacturers indicated on Monday that a bag of cement cannot be sold for less than N7,000 due to rising production costs. They claimed that the price jump was caused by an increase in operating expenditures. The manufacturers have agreed to cut the price per 50kg bag from between N9,000 and N15,000 to between N7,000 and … Read more