This underscores the financial success of BUA Cement under Rabiu, a prominent industrialist who has solidified his standing as Nigeria’s second-richest man.
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BUA Cement
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Bloomberg estimates Rabiu’s net worth slightly lower at $5.91 billion, considering approximately $2.98 billion in miscellaneous liabilities.
- West & Central Africa
Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
- West & Central Africa
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.
- West & Central Africa
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.
- 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.
- 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 …
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Boasting a net worth of $5.6 billion, Rabiu now ranks as the fifth-richest man in Africa.
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