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The management of BUA Cement Plc on Sunday said that it has no plan to increase the price of cement. The company said in a statement that it “has not and does not intend to increase its price of cement now or in the near future, barring any material, unforeseen circumstances.” The statement said that in the past two days, BUA Cement has been inundated with calls seeking clarification as to whether it is part of a purported price increase of 300Naira per bag. “Whilst we are aware that demand for cement is high with current supply levels not sufficient to meet this increased demand, we do...

BUA Cement refutes claims of increase in ex-factory price of cement On Kindly Share This Story: The Management of BUA Cement Plc on Sunday debunked claims of a purported increase in the price of its cement by N300 per bag. The management, in a statement obtained from its verified twitter handle, said the company had no plans to increase prices of its cement now or in the near future. According to the statement, the company, noting the increased demand for cement, stated that the solution was not in an increase of ex-factory price at this period. The company reiterated its stand that the tim...

Vanguard News UBA assures shareholders better times, assets hit N7.7trn On Kindly Share This Story: United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the bank’s 59th Annual General Meeting for the 2020 financial year, in Lagos. Elumelu said the bank had made strategic decisions that would strengthen its resolve to ear...

A statement says the decision followed an order of Justice C.J. Aneke of the Federal High Court, Lagos Division.

By Itohan Abara-Laserian Lagos, Jan. 21, 2021 Flour Mills of Nigeria (FMN) Plc on Thursday expressed commitment to explore diversified funding sources from the Nigerian capital market for enhanced growth and development. FMN Group Managing Director, Mr Omoboyede Olusanya, said this at the listing of the Tranche A and Tranche B bonds valued at N29.8 billion on the Nigerian Stock Exchange (NSE). It is under the N70 billion Flour Mills of Nigeria Plc’s Bond Issuance Programme. Olusanya said that the company would continue to explore funding opportunities inherent in the capital market to ensur...