BUA Cement Plc shareholders have approved a dividend payment of N10 per ordinary share for the financial year ended December 31, 2025, following resolutions passed at the company’s 10th Annual General Meeting held in Abuja on May 21, 2026.
The meeting, held at the Congress Hall of Transcorp Hilton Abuja, also saw shareholders endorse several governance and operational resolutions aimed at strengthening the company’s corporate structure and sustaining business continuity.
Shareholders received and adopted the company’s audited financial statements alongside the reports of the directors, external auditors and audit committee for the 2025 financial year.
The approved dividend reinforces BUA Cement’s position among Nigeria’s leading dividend-paying industrial companies as investors continue to monitor earnings resilience across the cement sector amid rising production costs and infrastructure-driven demand.
At the meeting, Kabiru Rabiu, Chimaobi Madukwe and Ganiat Adetutu Siyonbola were re-elected as directors following their retirement by rotation.
Shareholders also authorised the board to determine the remuneration of the company’s external auditors for the 2026 financial year.
The statutory audit committee for 2026 was constituted with Mr. Ajibola Ajayi, Mr. Kabiru Tambari and Mr. Oderinde Taiwo serving as shareholder representatives, while Kabiru Rabiu and Ganiat Adetutu Siyonbola were appointed as board representatives.
In compliance with the provisions of the Companies and Allied Matters Act 2020, the remuneration of the company’s managers was disclosed during the meeting.
The company further approved remuneration for Non-Executive Directors for the 2026 financial year. Under the approved structure, Non-Executive Directors will receive N16.56 million, Independent Non-Executive Directors will receive N18.93 million while the Chairman will receive N23.66 million.
Shareholders also renewed the company’s general mandate covering recurrent related party transactions required for its day-to-day operations in line with the rules of Nigerian Exchange Limited governing transactions involving related parties and interested persons.
The renewed mandate allows the company to continue procuring goods and services from related parties under normal commercial terms as part of its operational activities.
The resolutions come as cement manufacturers continue to navigate elevated energy costs, exchange rate volatility and increased infrastructure demand across Nigeria’s construction and real estate sectors.
