BUA Cement’s staff, finance costs surge to N80bn                                                                

BUA Cement Plc, Nigeria’s second-biggest producer of the building material, saw its combined staff and finance cost jump 160.74 percent last year.

The company’s finance cost surged more than threefold to N60.04 billion from N19.94 billion in 2023, while staff expenses rose by 85.59 percent to N19.97 billion.

It reported a profit after tax of N73.91 billion, up from N69.45 billion in the previous year, according to its latest earnings report released on Friday.