This surge in wealth has firmly positioned Rabiu as the 500th richest individual globally, just behind the 499th-ranked Charles Dolan.
Abdul Samad Rabiu
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Rabiu said that his company, BUA Cement, is building two new plants that will increase output capacity to 17 million metric tonnes.
- West & Central Africa
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.
- West & Central Africa
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.
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BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
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The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.
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Here are the five richest industrialists on the Nigerian Exchange who have made remarkable contributions to the Nigerian economy.
- West & Central Africa
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.
- West & Central Africa
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 …
- West & Central Africa
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 …