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Stats: 2,255,913 members, 4,936,678 topics. Date: Wednesday, 22 May 2019 at 03:47 AM

Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 (5672 Views)

5 Banks Earn N15.7bn On Account Maintenance Charges In Q1 2019 / BUA Merges With Cement Company Of Northern Nigeria In ‘largest Deal Of 2018’ / Customs Generated N898bn As Revenue In 2016 (2) (3) (4)

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Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by SmartMen: 8:44am On May 16
Revenue is not profit.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by justi40(m): 8:58am On May 16
porshnuel:
Which one is northern cement .....this alamajiris nw own nigeria full time

It was cement company of Northern Nigeria
Which is still same thing as sokoto cement company
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by justi40(m): 9:00am On May 16
It still same name as sokoto cement company
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Olumyco(m): 9:01am On May 16
grandstar:


There's nothing in Algeria even though it's richer than Nigeria

Nigeria is richer.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 9:40am On May 16
LNigeria is richer. [/quote]

Per capita Income and even standard of living is higher than Nigeria.

There was a time their foreign reserves hit $200bn!
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 9:41am On May 16
I wish I bought shares in this company. This is fantastic news
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by DaV8King(m): 10:57am On May 16
fabianiyobosa:
Northern Nigeria? Not of Nigeria. So we can also have Southern Nigerian Petroleum Cooperation (SNPC) and not Nigerian National Petroleum Cooperation. We are not one in this country.


Note that it's a private company bro.

Founded and formerly owned by a consortium of Northern states, but acquired by Abdulsamad Rabiu and his BUA Group.

So a Southerner can acquire Ibile Oil from LASG and name it SNPC like you have suggested.

Most important thing is for Nigeria's economy to win from whatever we do.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by DaV8King(m): 11:01am On May 16
NwaliE01:
I didn't see growth. The company experienced sporadic cash flow.
However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%.

The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion.

That's not a good marginal profit considering the operational and administrative cost.

You're right, but remember that this is CCNN's first operating result post-merger.

So some of the synergies promised by the merger will surely not have come into play yet.

https://www.premiumtimesng.com/business/business-news/274118-ccnn-buas-kalambaina-cement-set-to-merge.html
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by abdelrahman: 11:02am On May 16
fabianiyobosa:
Northern Nigeria? Not of Nigeria. So we can also have Southern Nigerian Petroleum Cooperation (SNPC) and not Nigerian National Petroleum Cooperation. We are not one in this country.

That is the matters with them,everything is arewa areas,north,north as if that north isn't Nigeria, they even have north diaspora in united States.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by lakesider(m): 12:05pm On May 16
freedomchild:
we igbos do have our own cooperations especially in the banking industry. so the north can have theirs in cement industry but I don't see the future growth of their cement industry because northerners largely live in mud houses. Igbos won't patronize them as they already have ibeto cement whom they share there emotions with.

And you buy Samsung made by Chinese you don't even know ..
Idiot
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by mujaya1: 12:33pm On May 16
Oma307:
can someone explain better which one is northern cement company of Nigeria
sokoto cement, most of the workers are from southern nigeria.

1 Like

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by 9jaRealist: 3:31pm On May 16
BabaCommander:
Looks impressive.
Since it's northern owned, they wont kill it for Dangote.

It was already “dead” like Nkalagu and BCC Gboko before Obasanjo’s privatization and its sale to BUA Group...
BUA Group resurrected and modernize it, just as Dangote did with BCC Gboko, while Ibeto was still fighting his kinsmen over Nkalagu.

In fact, you can add Calabar Cement Company, which was sold to Flour Mills/Holcim, who resurrected/upgraded it...
As well as Edo Cement Company in Odu-Okpella that was privatized/sold to BUA Group that upgraded/quadrupled its capacity.
>
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Coolgent: 3:36pm On May 16
porshnuel:
Which one is northern cement .....this alamajiris nw own nigeria full time
Tribal bigot
This company is in existence since
1962
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Coolgent: 3:44pm On May 16
freedomchild:
we igbos do have our own cooperations especially in the banking industry. so the north can have theirs in cement industry but I don't see the future growth of their cement industry because northerners largely live in mud houses. Igbos won't patronize them as they already have ibeto cement whom they share there emotions with.
U sound like a jobless gay!
Well this company is active since 1962.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by 9jaRealist: 3:48pm On May 16
DaV8King:

Note that it's a private company bro.

Founded and formerly owned by a consortium of Northern states, but acquired by Abdulsamad Rabiu and his BUA Group.

So a Southerner can acquire Ibile Oil from LASG and name it SNPC like you have suggested.

Most important thing is for Nigeria's economy to win from whatever we do.

Actually, it was set up by Ahmadu Bello’s Northern Nigeria regional government in partnership with the German cement giant Heidelberg.

Back in those (even before our fathers’ generation), each region set up an investment holding company to incorporate/invest in subsidiary operating companies - Western Nigeria Development Company (WNDC, later IICC and currently Odua Investment) for the Western Region (Wema Bank, National Bank, Wemabod, WAPCo, Airport Hotel, etc), Eastern Nigeria Development Company (ACB, Golden Guinea, Nigercem Nkalagu, Aba Textiles, etc.), and Northern Nigeria Development Company (CCNN, Bank of the North, Arewa Textiles, etc.).
>
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by 9jaRealist: 3:53pm On May 16
DaV8King:

Note that it's a private company bro.

Founded and formerly owned by a consortium of Northern states, but acquired by Abdulsamad Rabiu and his BUA Group.

So a Southerner can acquire Ibile Oil from LASG and name it SNPC like you have suggested.

Most important thing is for Nigeria's economy to win from whatever we do.

Also, it NOT a private company...
Rather, it’s a publicly-listed and traded company on the NSE (that is now majority-owned by the BUA Group).
>
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by 9jaRealist: 3:59pm On May 16
fabianiyobosa:
Northern Nigeria? Not of Nigeria. So we can also have Southern Nigerian Petroleum Cooperation (SNPC) and not Nigerian National Petroleum Cooperation. We are not one in this country.

It was set up in the 1960s (well before any of us here were likely born cheesy) by the regional government of Northern Nigeria, at about the same time the Western and Eastern regional governments set up WAPCO and Nigercem, respectively, and hence the name. It is however a publicly-listed and publicly-traded company on the Nigeria Stock Exchange, so any Nigerian (or even foreigner) can buy equity and become part-owner.
>
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by DaV8King(m): 11:53pm On May 17
9jaRealist:


Also, it NOT a private company...
Rather, it’s a publicly-listed and traded company on the NSE (that is now majority-owned by the BUA Group).
>

I meant private as in not government owned

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