BUA Cement records N16.57bn foreign exchange gains
Add us on Google BUA Cement recorded a net foreign exchange gain of N16.57 billion during the first half of 2026 compared with only N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 financial year. Join the Premium Times WhatsApp Community For Quick Access To News and Happenings Around You. Open in WhatsApp This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years.
- ▪Add us on Google BUA Cement recorded a net foreign exchange gain of N16.57 billion during the first half of 2026 compared with only N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 fina
- ▪Join the Premium Times WhatsApp Community For Quick Access To News and Happenings Around You.
- ▪Open in WhatsApp This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years.
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Add us on Google BUA Cement recorded a net foreign exchange gain of N16.57 billion during the first half of 2026 compared with only N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 financial year. Join the Premium Times WhatsApp Community For Quick Access To News and Happenings Around You. Open in WhatsApp This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years. The improvement helped reduce overall net finance costs to just N3.41 billion, compared with N31.37 billion in the corresponding period of 2025, despite the company continuing to carry substantial borrowings.
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