BUA Cement (Abdul Samad Rabiu) pursues Dangote territory in southwest Nigeria
The expansion strategy of Nigeria’s No. 2 cement player is paying off. Primarily involving an aggressive distribution policy extending beyond its original host regions, the company plans to continue to pursue this strategy.
09/06/2020 at 17h29, by Gaëlle Arenson
After the merger at the end of 2019 of his two companies, the Cement Company of Northern Nigeria (CCNN) and Obu Cement Company, and then the IPO of BUA Cement this past January on the Nigerian Stock Exchange, with a market capitalisation of $3.3bn, the billionaire Abdul Samad Rabiu has positive results to report for the first quarter of 2020.
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