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BUA Cement Blames Naira Devaluation for 31% Fall in Net Profit

BUA Cement shares

By Adedapo Adesanya BUA Cement Plc saw its profit after tax decline by 31.2 per cent in 2023 due to foreign exchange losses, triggered by the devaluation of the Naira by the Central Bank of Nigeria (CBN), amid a 27.4 per cent rise in revenue. The company’s chairman, Mr AbdulSamad Rabiu, disclosed this on Thursday […]

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