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Nairaland Forum / Nairaland / General / Business / Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 (7109 Views)
CBN Recovers ₦89 Billion Excess Bank Charges, Others / Cement Company Of Northern Nigeria Declares Closed Period Ahead Of Q3’19 Results / BUA Merges With Cement Company Of Northern Nigeria In ‘largest Deal Of 2018’ (2) (3) (4)
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by SmartMen: 8:44am On May 16, 2019 |
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, 2019 |
porshnuel: 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, 2019 |
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, 2019 |
grandstar: 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, 2019 |
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, 2019 |
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, 2019 |
fabianiyobosa: 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, 2019 |
NwaliE01: 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 Nobody: 11:02am On May 16, 2019 |
fabianiyobosa: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, 2019 |
freedomchild: 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(m): 12:33pm On May 16, 2019 |
Oma307:sokoto cement, most of the workers are from southern nigeria. 2 Likes 1 Share |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by 9jaRealist: 3:31pm On May 16, 2019 |
BabaCommander: 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(m): 3:36pm On May 16, 2019 |
porshnuel: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(m): 3:44pm On May 16, 2019 |
freedomchild: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, 2019 |
DaV8King: 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, 2019 |
DaV8King: 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, 2019 |
fabianiyobosa: It was set up in the 1960s (well before any of us here were likely born ) 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, 2019 |
9jaRealist: I meant private as in not government owned |
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