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    Monday, June 15

    BUA Foods Crosses N4Trn Ahead of Q4 Earnings Release

    Julius AlagbeBy News No Comments2 Mins Read
    BUA Foods Crosses N4Trn Ahead of Q4 Earnings Release

    BUA Foods Crosses N4Trn Ahead of Q4 Earnings Release

    Traded at N227.50, Consumer Goods Company BUA Foods Plc has crossed N4 trillion in market valuation amidst a strong rally in the Nigerian Exchange. The fast-moving consumer goods company surged to N4.095 trillion as its share price rose to N227.50 ahead of Q4 earnings expectations.

    The market price of BUA Foods has been moving slowly even after its earnings release as a devaluation of the Naira shook the industry and consumers’ finances. The improved sentiment in the Nigerian Bourse and the fresh tickers re-rating that cut across key indices has been a major driver of the company market valuation growth.

    BUA Foods Plc is expected to release its fourth quarter of 2023 earnings scorecard in February, according to regulatory requirements for companies listed in the local bourse. For the company, there was no information about director dealings since 2022.

    MarketForces Africa reported that BUA Foods Plc listed 18 billion shares on the Nigerian Exchange’s first trading day in 2022 at N40 per share by way of introduction. The company became a public company following approval to list on the main board of the Nigerian Exchange.

    #BUA Foods Crosses N4Trn Ahead of Q4 Earnings Release  BUA Foods Shareholders Get N63 Billion as Dividend

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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