• Contact Us
  • About Us
Friday, October 16, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Companies and Markets

BUA asks president to intervene in Dangote mining feud

metro by metro
December 6, 2017
in Companies and Markets
0
Dangote
0
SHARES
0
VIEWS
Dangote
Dangote

Nigerian conglomerate BUA group has accused Dangote group of trying to force it to relinquish mining rights in a limestone field as part of a bid to monopolise the cement market and asked the president to intervene, BUA’s chairman said.

Both BUA and Dangote have an interest in cement in Nigeria and have expanded rapidly across Africa.

Read Also

Dangote Group, Botswana Exchange Laud NGX Group For Driving Cross-Border Collaboration

NGX’s Popoola Highlights Nigeria’s Growing Capital Formation At Singapore Dialogue

OPay’s Nigerian Listing Plans Echo NGX Group’s Call for Homegrown Giants to List Locally

 Nigeria, which has Africa’s biggest economy, has become a cement exporter from being a net importer. But last year’s recession and currency crisis has hit domestic demand, reducing sales for companies which are now trying to cut costs.

BUA’s chairman, Abdulsamad Rabiu, said Dangote group was undermining security around his plant in southwest Edo state, a region with limestone, a key ingredient in cement. Dangote’s cement operation is in the central state of Kogi.

A Dangote group spokesman referred Reuters to a mines ministry statement and said he did not wish to comment further.

The mines ministry said BUA group does not have a mining lease for the disputed site, which is the subject of a legal case. The ministry, in a statement, also said it had issued a stop work order to BUA.

It said the area was within a section owned by Dangote.

“Our cement business has of late come under intense, consistent attacks … as the minister, Dangote group and their cohorts have sought to employ instruments of state … to forcefully wrest control of our mining areas,” BUA said in a letter to President Muhammadu Buhari and seen by Reuters on Wednesday.

Rabiu called on Buhari to investigate. He said the company was under pressure to relinquish its mining area to Dangote.

Dangote group, majority owned by Africa’s richest man Aliko Dangote, already has around 70 percent of market share in terms of output in Nigeria.

Lafarge Africa, the local unit of Franco-Swiss cement maker, LafargeHolcim ranks second, industry analysts say.

Tags: BUADangote
Previous Post

FEC Charges Kachikwu, Petroleum Minister, On Fuel Queues

Next Post

Gov. Wike gets second term endorsement

Related Posts

Dangote Group, Botswana Exchange Laud NGX Group For Driving Cross-Border Collaboration
Companies and Markets

Dangote Group, Botswana Exchange Laud NGX Group For Driving Cross-Border Collaboration

October 14, 2026
NGX’s Popoola Highlights Nigeria’s Growing Capital Formation At Singapore Dialogue
Companies and Markets

NGX’s Popoola Highlights Nigeria’s Growing Capital Formation At Singapore Dialogue

October 12, 2026
Companies and Markets

OPay’s Nigerian Listing Plans Echo NGX Group’s Call for Homegrown Giants to List Locally

October 11, 2026
WTO Raises Merchandise Trade Growth Forecast Amid AI’s Hit Offsets From Middle East Crisis
Companies and Markets

WTO Raises Merchandise Trade Growth Forecast Amid AI’s Hit Offsets From Middle East Crisis

October 8, 2026
Next Post

Gov. Wike gets second term endorsement

Duke: Nigeria Is Paying More To Secure Its Crude Than To Produce It

Duke: Nigeria Is Paying More To Secure Its Crude Than To Produce It

October 15, 2026
Boko Haram

10 Soldiers, Others Dead As Terrorists Attack Military Base In Borno

October 15, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”

US Treasury Seeks Global Support To Rename AI ‘Super Intelligence’

October 15, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version