The Management of BUA Foods Plc has been honoured with a closing gong ceremony at the Nigerian Exchange (NGX) Limited on Tuesday.
This was disclosed after addressing market stakeholders with a fact behind the listing presentation in a webinar.
The Chief Executive Officer, NGX, Mr. Temi Popoola, said, “This listing marks a new beginning for BUA Foods Plc who plays a critical role in the FMCG industry as the company can leverage services to the Exchange offers to achieve its strategic objectives. BUA Foods has experienced an upward trend in share price, market capitalisation, and trading activity since its listing on the Exchange.”
This is to mark a successful listing by introduction following the consolidation of it’s five food businesses under a single entity of BUA foods.
BUA Foods was listed on the Nigerian Exchange on January 5, 2022 and has since received significant acceptance going by the volume of demand for the shares which has boosted the market capitalisation of the Nigerian Exchange Limited to N1trillion.
The company has maintained an unbroken record of year-on-year growth and has eight ultra-modern manufacturing facilities across the country.
Speaking on behalf of the Chairman of BUA Foods Plc, the Group Executive Director , Kabiru Rabiu, said that the company is determined to explore the huge opportunities available in the agribusiness, promote food security and growth for Nigerians and Africans.