BUA now 3rd largest coy as NSE adds N1.8tr to capitalisation (Photo)

The Nigerian Stock Exchange (NSE) yesterday listed the 33.864 billion ordinary shares of 50 kobo each BUA Cement Plc at N35 per share, thereby adding N1.18 trillion to the capitalization of the exchange.

With the listing, the company has now become the third largest company on the NSE after Dangote Cement and MTN.

Speaking on the listing, the Chief Executive Officer of NSE, Mr. Oscar Onyema said it is exciting for the exchange to record such a major listing at the beginning of the year, noting that it is another opportunity for investors to have access to a company with good track record.

From left: Group Chief Operating Officer, BUA Cement, Finn Arnoldsen; Group Chief Operating Officer, BUA Group, Chimaobi Madukwe; Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema; Managing Director, BUA Cement, Engr. Yusuf Binji; Group Executive Director, BUA Group, Kabiru Rabiu; Company Secretary, BUA Cement, Ahmed Aliyu; and Group Head, Corporate Communications, BUA Group, Otega Ogra, during the Closing Gong Ceremony, at the Listing of the BUA Cement on the Floor of the Exchange in Lagos yesterday