BUA – The Commerce Africa https://thecommerceafrica.com African Reneissance Sun, 18 Feb 2024 13:13:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 BUA announces 50% salary increment for staff https://thecommerceafrica.com/bua-announces-50-salary-increment-for-staff/ https://thecommerceafrica.com/bua-announces-50-salary-increment-for-staff/#respond Sun, 18 Feb 2024 13:11:05 +0000 https://thecommerceafrica.com/?p=16225 Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board.

Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources.

The memo quoted BUA chairman as saying that the increment was to mitigate the impact of the economic hardship currently being faced in the country.

Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board.

Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources.


The memo quoted BUA chairman as saying that the increment was to mitigate the impact of the economic hardship currently being faced in the country.



He said the salary increment would cover both permanent/regular and non-permanent staff with effect from Feb. 1, 2024.

“Sequel to the above development, the Human Resources and Finance departments are processing the increase to ensure that it is captured in the February 2024 payroll.

“It is hoped that with this magnanimous gesture, we will be more committed to our duties and put in our very best to justify the confidence reposed in us,” he said.

The News Agency of Nigeria (NAN) reports that due to the current economic conditions in the country, negotiations are ongoing between the organised labour and the government, for a new minimum wage. (NAN)

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BUA to Build 200,000bpb Refinery, Petrochemical Facility in Akwa Ibom https://thecommerceafrica.com/bua-to-build-200000bpb-refinery-petrochemical-facility-in-akwa-ibom/ https://thecommerceafrica.com/bua-to-build-200000bpb-refinery-petrochemical-facility-in-akwa-ibom/#respond Tue, 01 Sep 2020 19:32:44 +0000 http://thecommerceafrica.com/?p=1785 The BUA Group has signed a memorandum of understanding (MoU) with Axens of France, for the construction of 10million tonnes per annum mega-refinery and petrochemical facility in Akwa-ibom State.

In a statement on Tuesday, the Group Head, Corporate Communications, BUA Group, O’tega Ogra, said the agreement was signed between the Chairman of BUA Group, Abdul Samad Rabiu, and the CEO of Axens, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester.

According to the statement, the 200,000 bpd integrated refinery and petrochemical plant aims at producing Euro-V fuels and Polypropylene for the domestic and regional market.

Read Also: Exxon Mobil to build Mozambique LNG export facility

“This 10million tonnes per annum refinery & petrochemicals project is in line with BUA’s vision to develop local capacity in key industries where we can add most value and where raw materials can be sourced locally.

“Once completed, this RFCC-based complex will produce high-quality gasoline, diesel, jet fuel meeting Euro-V specifications for the Nigerian market and the larger region.

“In addition, it will produce propylene, an essential component for the petrochemical industry used in polypropylene-based plastics and packaging.

“This project will help in reducing Nigeria’s dependence on imported fuels and petrochemicals,” the statement quoted BUA Group Chairman/CEO Abdul Samad Rabiu as saying during the ceremony.

“It is in the DNA of BUA Group to create efficient, innovative and sustainable businesses; look at our cement plants, the most sustainable in Nigeria, same with our sugar plants.”, Mr Rabiu added.

On his part, the Axens’ Chairman/CEO, Jean Sentenac, expressed his pleasure over the project, ensuring that his company would provide the most advanced technologies on the market that are energy-efficient.

“We are delighted to be part of this strategic project providing the most advanced technologies on the market that are energy-efficient and ensure the production of high-quality fuels and petrochemical intermediates.

“This state-of-the-art integrated complex will allow BUA Group to develop its refining and petrochemical capabilities in Nigeria and produce highly valuable products for the domestic market.

“It is a great pleasure and a pride to partner with them to concur to develop Nigerian economy and ensure the success of this strategic state of the art project,” he said.

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BUA, Turkish Firm Sign Deal To Build 2400TPD Flour Mills https://thecommerceafrica.com/bua-turkish-firm-sign-deal-to-build-2400tpd-flour-mills/ https://thecommerceafrica.com/bua-turkish-firm-sign-deal-to-build-2400tpd-flour-mills/#respond Sat, 22 Aug 2020 09:46:29 +0000 http://thecommerceafrica.com/?p=1657

Nigeria’s leading foods and manufacturing conglomerate, BUA has today sealed an agreement with Milleral of Turkey to build its newest flour milling plants in Nigeria with a total milling capacity of 2,400tons per day (3 x 800tpd).

Upon completion in 2021, this will bring BUA’s total installed flour milling capacity to 4000tons per day. BUA currently operates an installed flour milling capacity of 1,600 tons per day and 5 lines of pasta of 720 tons per day.

Speaking during the signing ceremony, Abdul Samad Rabiu, Executive Chairman, BUA Group said, “We are excited about this partnership with Milleral to develop our new state-of-the-art flour milling plants in Nigeria with a total milling capacity of 2,400tons per day bringing BUA’s total installed capacity to 4,000tons per day upon completion in 2021. This will further deepen our involvement in the foods processing sector as well as help enhance food security in Nigeria and the West African region.”

In his comments, Mustafa Ozdemir,
Chairman, Milleral said, “Milleral intends to bring its experience installing machinery and turnkey plants across the world to bear in building an efficient, advanced and world class facility for BUA.”

Upon completion, this new plant will position BUA as one of the leading players in Flour Milling in West Africa.

BUA Foods is the agribusiness and foods processing division of BUA Group with diverse investments in the agricultural value chain in Sugar, Rice, Edible Oils, Flour Milling and Pasta. BUA currently operates an installed flour milling capacity of 1,600 tons per day and 5 lines of pasta of 720 tons per day

About Milleral:
Milleral is a giant successful brand that has been manufacturing and installing machinery and turnkey plants for milling grains like wheat, corn, rye, oat to get flour and semolina for 27 years.
Milleral offers products, plants and services that can appeal the necessities in all parts of the world; from Middle East to South East Asia, from South America to Africa and always continues to work with team spirit by developing innovative technologies needed by the global economy and manufactures its products perfectly according to customer demands.

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