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.
Abdul Samad Rabiu
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.
Abdul Samad Rabiu becomes Nigeria’s second-richest man, net worth surges above $7 billion
Rabiu’s stake in the newly-listed BUA Foods has catapulted his net worth above $7 billion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods completes listing, market cap soars above $1.88 billion
More than 1 billion shares in BUA Foods were exchanged by investors by midday on the Nigerian bourse.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement signs deal with Wartsila to construct power plant
BUA Cement is Nigeria’s second-largest cement producer and the largest cement producer.
Nigerian billionaires Dangote, Rabiu, others get $73 million in sugar subsidies
The subsidies program targets operators acting under Nigeria’s sugar backward intervention program.
Nigerian billionaire Abdul Samad Rabiu secures $200 million from AFC to complete multimillion-dollar sugar project
The development significantly boosts Nigeria’s quest to ensure self-sufficiency in sugar production.
Africa’s sixth richest man Abdul Samad Rabiu loses $600 million; net worth falls below $5 billion
The loss was due to poor performance by his company, BUA Cement, on the Nigerian Exchange.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $160.6 million in profit for 9M 2021
BUA Cement is a Nigerian cement manufacturer with an installed capacity of 8 million tonnes per annum.
Nigerian billionaire Abdul Samad Rabiu donates $2.4 million to Nnamdi Azikiwe University
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Nigerian cement tycoon Abdulsamad Rabiu signs power plant deal with Finland’s Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company that manufactures and services power sources and other equipment.
Abdul Samad Rabiu’s BUA Group signs MoU to build plaster of Paris production plant
BUA Group will construct the 2,000-tonne-per-day plant with the Turkish MMM Erba Makina.
Nigerian billionaire Abdul Samad Rabiu donates $4.8 million to construct University College of Medical Sciences in Sokoto
The ASRi is the philanthropic arm of BUA Group.