High Street

At two separate court ordered Extra-Ordinary General Meetings held in Sokoto, shareholders of Cement Company of Northern Nigeria (CCNN:NL)  and BUA Group’s Kalambaina Cement Company voted overwhelmingly to approve the merger of the two cement companies, pending final regulatory approval. In what is said to be the biggest corporate merger transaction of 2018 in Nigeria, the shareholder approval (pending final regulatory approvals) sees Cement Company of Northern Nigeria merge with one of BUA Group’s cement companies, Kalambaina Cement Company and further solidifies BUA Group’s drive to being Nigeria’s second largest producer of cement by volume in 2019. With this shareholder approval, the new CCNN will have a total installed capacity of 2million metric tonnes and is set to be the dominant cement player in the key regional markets in Northern Nigeria with almost unfettered access to key export markets in West Africa. According to Abdul Samad Rabiu, Chairman, Cement Company of ...

The Vice President of the Federation Yemi Osinbajo and founder of the BUA group Abdul Samad Rabiu were part of the 2018 Africa Investment Forum. The two national figures were pictured together during a meet and greet at the august event organised by the AFDB in Sandton, South Africa.

Senate President Bukola Saraki just paid a condolence visit to the Kano home of late business and Islamic leader, Khalifa Isyaku Rabiu. Saraki was received by the billionaires children of the departed billionaire, Rabiu Isyaku Rabiu, Nafiu Rabiu and Abdulsamad Rabiu. L- R: Chairman, IRS Airlines, Alhaji Rabiu Isyaku Rabiu; Senate President, H. E. Bukola Saraki and Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu during a condolence visit by the Senate president to the family of late Khalifa Sheikh Isyaku Rabiu in Kano on Thursday. L- R: Chairman, IRS Airlines, Alhaji Rabiu Isyaku Rabiu; Senate President, H. E. Bukola Saraki; Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu and Alhaji Nafiu Rabiu during a condolence visit by the Senate president to the family of late Khalifa Sheikh Isyaku Rabiu in Kano on Thursday.