Nigerian billionaire Abdul Samad Rabiu overtakes telecom mogul Mike Adenuga in Forbes ranking
Rabiu is now Africa’s fifth-richest man.
Abdul Samad Rabiu
Nigerian billionaire Abdul Samad Rabiu gains half a billion dollars off back of stake in BUA Cement
The total value of Rabiu’s shares in publicly traded companies is now more than $8.6 billion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group eyes lithium mining
BUA Group is a leading food, infrastructure, mining and manufacturing conglomerate.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $79.7 million in profit in Q1 2022
The result suggests that it is on track to deliver yet another record performance at the end of Q2 2022.
Nigerian billionaire Abdul Samad Rabiu eyes $151.6 million in BUA Foods dividends
Rabiu and his son own 99.8 percent of the newly established food business segment.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $167.8 million in profit in 2021
The increase in the group’s profit can be attributed to a significant increase in the sales of its products.
Nigerian billionaire Abdul Samad Rabiu gains over $300 million from stake in BUA Cement
The multimillion-dollar surge in the market value of Rabiu’s stake can be linked to the year-to-date gains in BUA Cement shares.
Nigerian billionaire Abdul Samad Rabiu to pocket $208 million in dividends
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts all-time record profit in 2021
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Nigerian billionaire Abdul Samad Rabiu loses $198 million in almost two months
Rabiu, the chairman of BUA Group, owns 99.81 percent of the agro-allied company.
Nigeria’s second-richest man Abdul Samad Rabiu loses more than $180 million in 28 days
BUA Foods is a consolidated food business controlled by Rabiu, who owns 99.8 percent of the business.
Nigerian billionaire Abdulsamad Rabiu’s BUA Cement commissions 3 million metric tonnes
BUA Cement’s market capitalization is $5.7 billion, making it the fourth most capitalized company on the Nigerian Exchange.
Nigerian billionaire Abdul Samad Rabiu loses $69 million from stake in BUA Foods
Rabiu owns 99.8 percent of the newly established food business segment.
Nigerian mogul Abdul Samad Rabiu’s food business posts huge profit since listing
The news comes despite a slump in fortified sugar sales and a single-digit increase in its direct production costs.
Investors could have ‘cashed in big’ by purchasing shares in Abdul Samad Rabiu’s BUA Foods 12 days ago
So far this year, BUA Foods’ stock ranks as the best performing stock on the Nigerian Exchange.
Nigeria’s second-richest man Abdul Samad Rabiu gains more than $1 billion in six days from food business
Rabiu’s stake in BUA Foods is now valued at $2.795 billion.