• Contact Us
  • About Us
Monday, June 15, 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

NGX Group Advances ESG Agenda Through World Environment Day Cleanup Exercise

NBS Confirms Hardship as Food Prices Rise Again in April 2026, Deepens Consumer Misery

NGX Advances Investor Education Drive With Digital Retail Engagement Initiative

 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

Companies and Markets

NGX Group Advances ESG Agenda Through World Environment Day Cleanup Exercise

June 10, 2026
Amid Interest Rate Hike Regime, Subsidy Removal, Inflation Rises To 22.4%
Companies and Markets

NBS Confirms Hardship as Food Prices Rise Again in April 2026, Deepens Consumer Misery

June 3, 2026
Companies and Markets

NGX Advances Investor Education Drive With Digital Retail Engagement Initiative

May 18, 2026
Global Stocks Fall, Bonds Limp As Oil Nears $110
Companies and Markets

Global Stocks Fall, Bonds Limp As Oil Nears $110

May 18, 2026
Next Post

Gov. Wike gets second term endorsement

Judiciary In Spotlight As Courts Give Conflicting Rulings On Political Party Deregistration Cases

Judiciary In Spotlight As Courts Give Conflicting Rulings On Political Party Deregistration Cases

June 15, 2026

Au nord du Togo, le PAM et le Gouvernement se mobilisent pour lutter contre l’insécurité alimentaire

June 15, 2026
Security Agencies Arrest 46 Undocumented Foreign Nationals In Ogun State 

Security Agencies Arrest 46 Undocumented Foreign Nationals In Ogun State 

June 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