• About
  • Contact Us
Friday, July 1, 2022
The Gist Day
No Result
View All Result
  • Login
  • News
    • All
    • National
    Nigeria Census

    FG To Cover Daura, Five Other Local Government Areas In Trial Census

    Buhari Nigeria UK

    Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

    Buhari Nigeria Portugal

    Buhari To Sign 10 Agreements, MoUs With Portuguese Government

    Tinubu Wike APC

    Wike Visited Tinubu In France – Joe Igbokwe

    INEC PVC Registration

    INEC Extends PVC Registration Indefinitely

    Sanwo-Olu Lagos BRT

    Commuters To Pay More As Sanwo-Olu Hike In BRT Fares

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    • All
    • National
    Nigeria Census

    FG To Cover Daura, Five Other Local Government Areas In Trial Census

    Buhari Nigeria UK

    Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

    Buhari Nigeria Portugal

    Buhari To Sign 10 Agreements, MoUs With Portuguese Government

    Tinubu Wike APC

    Wike Visited Tinubu In France – Joe Igbokwe

    INEC PVC Registration

    INEC Extends PVC Registration Indefinitely

    Sanwo-Olu Lagos BRT

    Commuters To Pay More As Sanwo-Olu Hike In BRT Fares

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Business

BUA Group Acquires Majority Shares In PW Nigeria Limited

Emmanuel Onminyi by Emmanuel Onminyi
March 24, 2020
in Business, News
0
0
SHARES
101
VIEWS
Share on FacebookShare on Twitter

BUA Group has announced its acquisition of majority shareholding in PW Nigeria Limited, one of Nigeria’s largest construction, engineering and mining companies.

READ ALSO: Coronavirus: NSE Discloses Alternatives As It Suspends Trading

READ ALSO

FG To Cover Daura, Five Other Local Government Areas In Trial Census

Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

BUA in a statement, recently, said that the acquisition was necessary to further deepen the company’s investments in the infrastructure business in sub-Saharan Africa.

app

Speaking on the acquisition, the Executive Chairman of BUA Group, Alhaji Abdul Samad Rabiu, said the acquisition marks the beginning of the next phase of the company’s medium-term strategy for its infrastructure business following the completion of the consolidation of its cement arm, BUA Cement, in January 2020.

“BUA’s acquisition of majority holdings in PW Nigeria Limited provides a prime opportunity to increase our investments in the entire value chain of the cement, mining and construction industry where we already have BUA Cement Plc, the second-largest cement company in Nigeria, as well as investments in other areas including mining, quarrying, construction, power and logistics amongst others. We believe PW Nigeria Limited with its solid experience in building dams, roads, airports, water projects and other infrastructure projects in Nigeria provided a strong value proposition too difficult to ignore.”

Eco Bank

app

Rabiu further stated that it became imperative for BUA to position itself strategically to support critical investments and government’s effort and unlock latent opportunities in the infrastructure development space as Nigeria and most of West Africa seek to improve infrastructural development in coming years.

He added that the acquisition of PW Nigeria extends BUA’s investments, leadership and capacity in the infrastructure space, stressing that projects are expected to benefit from tight integration of BUA’s cement business and PW Nigeria’s construction business.
Originally founded in 1948 in Ireland, and later began operations in Nigeria in 1974, PW Nigeria Limited now has over 45 years of experience working in Nigeria and throughout the West Africa region.

PW Nigeria Limited has an extensive modern fleet of construction equipment and a team of highly trained and professional staff. It is highly committed to the continued development of Nigeria.

app

The company also boasts of a diverse portfolio comprising mining, earthmoving, roads and bridges, airport runways, infrastructure development, water supply and sewage. These projects have not only helped grow local economies but also improved the quality of life for the communities and people in the region. It also has an unmatched combination of knowledge, skill, experience and customer commitment coupled with sound financial backing which elevates it as the number one partner in Nigeria and West Africa.

BUA Group was established in 1988 by founder and industrialist, Abdul Samad Rabiu, and has grown over the years to entrench its place as a leading player in the foods, mining, manufacturing and infrastructure space in Africa with major investments in cement, mining, real estate, steel, port operations, sugar and agribusiness.

With key operations spread across Nigeria and an international presence in London, BUA Group has firmly established a reputation as one of the largest contributors to Nigeria’s GDP.

Its key cement holding, BUA Cement, is the second-largest producer of Cement in Nigeria and is listed on the Nigerian Stock Exchange (NSE).

GTBank
Tags: Abdul Samad RabiuBUANigeriaNigerian Stock ExchangePW Nigeria LimitedWest Africa

Related Posts

Nigeria Census
National

FG To Cover Daura, Five Other Local Government Areas In Trial Census

July 1, 2022
Buhari Nigeria UK
News

Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria

July 1, 2022
Buhari Nigeria Portugal
News

Buhari To Sign 10 Agreements, MoUs With Portuguese Government

July 1, 2022
Tinubu Wike APC
News

Wike Visited Tinubu In France – Joe Igbokwe

July 1, 2022
INEC PVC Registration
National

INEC Extends PVC Registration Indefinitely

July 1, 2022
Sanwo-Olu Lagos BRT
News

Commuters To Pay More As Sanwo-Olu Hike In BRT Fares

July 1, 2022
Next Post
Coronavirus ROAM Africa Employees

ROAM Africa Announces Remote Work Policy For Employees Due to COVID-19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

app

app
GTBank ADs GTBank ADs GTBank ADs

LATEST NEWS

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

June 28, 2022
Amen Estate ‘developer,’ Babatunde Gbadamosi throws shade after JJC Skillz announced his seperation from Funke Akindele

Amen Estate ‘developer,’ Babatunde Gbadamosi throws shade after JJC Skillz announced his seperation from Funke Akindele

June 30, 2022
25 Of The Latest Ankara Short Gown Styles For 2022

25 Of The Latest Ankara Short Gown Styles For 2022

March 10, 2022
Kolawole Ajeyemi shares a video of them dancing to debunk claim of being enmeshed in a marital crisis (video)

Kolawole Ajeyemi shares a video of them dancing to debunk claim of being enmeshed in a marital crisis (video)

July 1, 2022
”I spoke the truth men”- JJC Skillz’s son, Benito, writes after he announced his separation from actress Funke Akindele

”I spoke the truth men”- JJC Skillz’s son, Benito, writes after he announced his separation from actress Funke Akindele

June 30, 2022

EDITOR'S PICK

BBNaija Shine Ya Eye: Angel Is The Housemate I Respect Most – Cross

BBNaija Shine Ya Eye: Angel Is The Housemate I Respect Most – Cross

August 2, 2021
MPC: NSE Drops N51bn On Fear Of Rate Adjustment

NSE Market Indicators Advance Further By 0.58% On MTNN Rally

January 30, 2021
Buhari

Buhari Not A Stingy Man, Gave Me In Foreign Currency – Adesina

December 17, 2020
Manchester United Star, Cristiano Ronaldo, Loses Child

Manchester United Star, Cristiano Ronaldo, Loses Child

April 19, 2022

About

We bring you the stories that perfect for news, finance, politics etc. Check our landing page for details.

Follow us

Categories

  • A Call to Prayer
  • Appointments
  • Business
  • Celebrities
  • Coronavirus
  • Corporate Amazon
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Financial Literacy
  • From the Kaaba
  • From the Pulpit
  • Gist & Jabs
  • Health
  • Jobmart
  • Lifestyle
  • Living
  • Metro Gist
  • National
  • News
  • Op-Ed
  • Opinion
  • Politics
  • Press Release
  • Religion
  • Sport
  • State News
  • Tech
  • Tourism
  • Travel
  • Uncategorized
  • World News

Recent Posts

  • Women Centre To Get A Facelift.
  • FG To Cover Daura, Five Other Local Government Areas In Trial Census
  • Buhari Signs Deal To Allow UK Deport Hardened Foreign Criminals To Nigeria
  • Sammie Okposo celebrates wife on 12th wedding anniversary
  • Disclaimer
  • Home 2
  • Ikoyi building collapse: Corper who redeployed from Borno to Lagos, confirmed dead
  • Privacy Policy
  • Sample Page
  • TheGistDay
  • Whitemoney And New Lady Spotted Stepping Out Of Hotel Together (Video)

© 2022 TheGistDay.

No Result
View All Result
  • News
  • Business
  • National
  • Politics
  • Opinion
  • Coronavirus
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel

© 2022 TheGistDay.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....