BUA Group

Rabiu derives most of his fortune from his 98-percent stake in BUA Foods and 92-percent stake in BUA Cement.

Rabiu is now Africa’s fifth-richest man.

BUA Group is a leading food, infrastructure, mining and manufacturing conglomerate.

Rabiu, the chairman of BUA Group, owns 99.81 percent of the agro-allied company.

The development significantly boosts Nigeria’s quest to ensure self-sufficiency in sugar production.

Rabiu said the hospital was conceived to provide world-class healthcare services to security operatives.

BUA Cement is Nigeria’s second-largest cement producer and one of Africa’s biggest cement companies.

French President Emmanuel Macron inaugurated the council on the sidelines of the Choose France Summit in Versailles.

Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.

The market value loss was the result of a sharp drop in the company’s share price.