Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
Abdul Samad Rabiu
Net worth of Nigeria’s second-richest man Abdul Samad Rabiu surpasses $5.5 billion
With his fortune pegged at $5.54 billion, Rabiu now claims the 444th spot on the global list of the wealthiest individuals.
Nigerian billionaire Abdul Samad Rabiu’s cement company slashes cement prices
This decision comes just one month after Rabiu expressed optimism regarding the completion of two new cement factories by the year’s end.
Nigeria’s second-richest man Abdul Samad Rabiu rejoins world’s 500 richest billionaires
This surge in wealth has firmly positioned Rabiu as the 500th richest individual globally, just behind the 499th-ranked Charles Dolan.
Nigerian billionaire Abdul Samad Rabiu plans to crash cement prices
Rabiu said that his company, BUA Cement, is building two new plants that will increase output capacity to 17 million metric tonnes.
Nigeria’s second-richest man Abdul Samad Rabiu’s gains $1.2 billion in 45 days
Rabiu’s fortune has taken a remarkable turn, with his net worth bouncing back by more than $1 billion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to reduce cement prices
Rabiu’s statement follows a strategic agreement between BUA Cement Plc and Sinoma International Engineering Co., Ltd.
Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Abdul Samad Rabiu donates vehicles worth $650,000 to drug enforcement agency
The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.
5 richest industrialists on the Nigerian Exchange
Here are the five richest industrialists on the Nigerian Exchange who have made remarkable contributions to the Nigerian economy.
Billionaire Abdul Samad Rabiu’s food empire shines bright with $120 million profit in H1 2023
BUA Foods, which is majority owned by Rabiu, is the unified food business segment of BUA Group.
Abdul Samad Rabiu’s BUA Cement soars with more than $280 million in revenue and record-breaking profits
BUA Cement’s robust financial performance underscores its ability to weather challenges and solidifies its position as a key player in the Nigerian cement industry.
Nigeria’s second-richest man Abdul Samad Rabiu splashes $4.8 million to acquire new shares in BUA Cement
Based on the current share price, the total market value of Rabiu’s 96.13-percent stake in BUA Cement now stands at N3.22 billion ($4.06 billion).
5 companies owned by Africa’s fifth-richest billionaire Abdul Samad Rabiu
Boasting a net worth of $5.6 billion, Rabiu now ranks as the fifth-richest man in Africa.
Nigerian billionaire Abdul Samad Rabiu takes $3.14-billion hit in just over a month
Rabiu’s net worth is estimated at $5.1 billion, falling short of the $5.16-billion cutoff required to join the world’s 500 richest list.
Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in latest ranking
Dangote, who recently lost his long-held title as Africa’s richest man, now finds himself in the second position on the Nigerian Exchange.