Company: BUA Cement
Country: Nigeria
Sector: Construction Materials
CEO: Yusuf Haliru Binji (Managing Director/CEO)
Website: https://www.buacement.com/
Careers Page: https://www.buacement.com/careers
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Lagos, Nigeria
Founded: 2008 (as a consolidated entity; some component plants date back to 1962)
Valuation/Revenue: $337.0m revenue; $3,716.0m market value (African Business Top 250, 2025); BUA Cement reported profit of roughly N324.9bn for the year to July 2026 and N355bn in Q1 2026 revenue, up 22.1% year-on-year (Businessday/Megastar Magazine, 2026)
BUA Cement Plc is one of Nigeria’s two dominant cement producers, manufacturing and distributing cement through plants in Sokoto, Edo, Adamawa and Rivers States under the BUA and Cem brands. It is listed on the Nigerian Exchange (NGX) and forms the cement arm of the BUA Group conglomerate controlled by billionaire Abdulsamad Rabiu.
What Does BUA Cement Do?
BUA Cement produces ordinary Portland cement and blended cements for Nigeria’s construction, infrastructure and housing markets. Its operating plants include Obu Cement (Edo State), Sokoto Cement, Kalambaina (Sokoto) and a plant in Adamawa State, with installed capacity that has expanded rapidly through a string of new production lines commissioned over the past decade. The company also exports clinker and cement to neighbouring West African markets, including Togo, Ghana and other coastal states reachable from its northern and southern plants. BUA Cement is the product of a 2008 consolidation of BUA Group’s cement interests, later formalised through a 2020 backdoor listing that merged Cement Company of Northern Nigeria (CCNN) and Obu Cement onto the NGX, giving the enlarged entity an initial market capitalisation of roughly $3.2 billion. Since listing, the group has continued to add clinker and grinding capacity, part of a broader industry race with rival Dangote Cement to meet Nigeria’s chronic housing and infrastructure-driven cement demand.
Is BUA Cement Legit?
Yes. It is a fully listed, audited public company on the Nigerian Exchange, one of the most heavily traded and closely watched industrial stocks in Nigeria, and a core holding for local and foreign institutional investors. It publishes quarterly and annual financial statements and is regulated by Nigeria’s Securities and Exchange Commission. Analysts covering Nigerian equities regularly issue research notes on BUA Cement given its weight within the NGX Industrial Goods index.
How Big Is BUA Cement?
BUA Cement is one of the largest industrial companies on the NGX by market capitalisation, with African Business magazine’s Top 250 (2025) placing it at rank 170 with $337 million in revenue and a $3.7 billion market value (figures converted from naira, and understated relative to naira-denominated results due to exchange-rate effects). In naira terms the company has reported strong recent growth: profit rose roughly 80% to N324.9 billion in the year to July 2026 on cost discipline and new market entry, while Q1 2026 revenue grew 22.1% to N355 billion. The company continues to invest in expanding clinker and cement production capacity to meet Nigeria’s persistent cement demand-supply gap, and management has repeatedly flagged plans for additional production lines as part of its multi-year capacity roadmap.
Who Is the CEO of BUA Cement?
Yusuf Haliru Binji serves as Managing Director/Chief Executive Officer. His term was renewed for a further five years, according to cement industry trade press, underscoring board confidence in the current leadership through a period of rapid capacity expansion and naira volatility. Binji has overseen the company’s post-listing growth phase, including the commissioning of new production lines and management of currency-driven cost pressures affecting imported spare parts and energy inputs.
Who Owns BUA Cement?
BUA Cement is majority-controlled by BUA Group and its chairman, Abdulsamad Rabiu, one of Nigeria’s wealthiest industrialists, with the balance of shares held by institutional and retail investors following its NGX listing. BUA Group’s broader portfolio spans cement, sugar, real estate, ports and foods (BUA Foods, separately listed on the NGX), making BUA one of the more diversified indigenous Nigerian conglomerates.
How Do I Apply for a Job at BUA Cement?
Vacancies are posted on the company’s own careers portal at buacement.com/careers and periodically on the wider BUA Group vacancies page, as well as third-party job boards such as MyJobMag. Roles span plant engineering, production, quality control, logistics, sales and corporate functions across its Nigerian operating sites, with the company periodically running graduate trainee and apprenticeship schemes tied to its expanding plant footprint.
How Does BUA Cement Compare to Its Competitors?
BUA Cement’s principal rival is Dangote Cement, Africa’s largest cement producer by volume and market capitalisation, against which BUA competes aggressively on pricing and new-capacity rollouts. Lafarge Africa (a subsidiary of Holcim) is the other major national competitor. BUA has pursued a strategy of rapid capacity additions to close the gap with Dangote, positioning itself as the value challenger in Nigeria’s cement oligopoly, and has at times been credited by analysts with helping moderate cement pricing in the domestic market through competitive pressure.
What Has BUA Cement Been in the News For Recently?
Recent coverage has focused on strong profit growth (up 80% to N324.9bn) driven by cost discipline and expansion into new regional markets, alongside continued scrutiny of Nigeria’s cement pricing amid currency depreciation and high energy costs. The five-year renewal of CEO Yusuf Binji’s contract also drew industry attention as a signal of leadership continuity, as did the company’s continued double-digit quarterly revenue growth into 2026.
Links
Website: https://www.buacement.com/
Careers Page: https://www.buacement.com/careers
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is BUA Cement a Nigerian company? Yes, it is headquartered in Lagos, Nigeria, and listed on the Nigerian Exchange.
Who is the CEO of BUA Cement? Yusuf Haliru Binji is the Managing Director/CEO.
Is BUA Cement publicly traded? Yes, on the Nigerian Exchange (NGX).
Who owns BUA Cement? BUA Group, controlled by Abdulsamad Rabiu, is the majority shareholder.
How big is BUA Cement? It had a market value of roughly $3.7 billion per African Business Top 250 (2025), one of Nigeria’s largest listed industrial companies.
Does BUA Cement export outside Nigeria? Yes, it exports clinker and cement to neighbouring West African markets.