BUA Cement set to list on NSE

BUA Cement

The management of BUA Cement Plc are already on the Nigerian Stock Exchange (NSE) in commemoration of its listing.

BUA Cement Plc is listing after the just concluded merger between Cement Company of Northern Nigeria (CCNN) and Obu Cement.

The listing of BUA Cement broadens the number of stocks listed on the building materials/construction subsector of the Exchange.

The company will be honoured with a closing gong ceremony by 2:30 pm. BUA Cement is listing its stock when the bullish run continues on the Exchange driven by investors interest in value counters and positioning ahead of dividend yield amid full-year financials coming soon.

The listing of 33.9billion units of BUA Cement Plc at N35 per share adds about N1.2trillion to NSE market cap.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp