Nigerian billionaire Abdul Samad Rabiu suffers $1.2-billion loss in August from stake in BUA Cement
BUA Cement is Nigeria’s second-largest cement producer with a combined installed capacity of 8 million tonnes per annum.
BUA Group
Buhari sends congrats as Abdul Samad Rabiu reappointed as head of France-Nigeria Business Council
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.
Nigerian billionaire Abdul Samad Rabiu meets Senegalese president to discuss pan-Africaneconomic ties
BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.
Nigerian billionaire Abdul Samad Rabiu loses $500 million in less than 30 days
Rabiu derives most of his fortune from his 98-percent stake in BUA Foods and 92-percent stake in BUA Cement.
Nigerian billionaire Abdul Samad Rabiu overtakes telecom mogul Mike Adenuga in Forbes ranking
Rabiu is now Africa’s fifth-richest man.
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 loses $198 million in almost two months
Rabiu, the chairman of BUA Group, owns 99.81 percent of the agro-allied company.
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.
Nigerian billionaire Abdul Samad Rabiu donates $9.72 million hospital to Nigerian Police
Rabiu said the hospital was conceived to provide world-class healthcare services to security operatives.
Abdul Samad Rabiu’s BUA Cement declares $170-million dividend payout for shareholders
BUA Cement is Nigeria’s second-largest cement producer and one of Africa’s biggest cement companies.
BUA Group Chairman Abdul Samad Rabiu made first president of France-Nigeria Business Council
French President Emmanuel Macron inaugurated the council on the sidelines of the Choose France Summit in Versailles.
Billionaire industrialist Abdul Samad Rabiu sells shares in BUA Cement worth $4.69 million in May
Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.
Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
Nigerian billionaire Abdulsamad Rabiu makes $2.4-million donation to University of Maiduguri
It is one of a handful of donations that the Abdul Samad Rabiu Africa Initiative is making to Nigerian universities.
Akwa Ibom becomes first regional government to benefit from ASRi social development program
The Abdul Samad Rabiu Initiative has made its inaugural donation to help improve social development in Africa.
Nigerian Senate looks to promote cement market competition
The Nigerian Senate has called for liberalizing cement policy to boost production and reduce market prices.