Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Abdul Samad Rabiu
7 African billionaires who invested $100 million or more in Africa over the last two years
Africa’s richest investors are back in build mode, writing nine figure cheques for refineries, cement, power, AI infrastructure and gold.
Abdul Samad Rabiu’s BUA Cement plans 20 million-tonne capacity with $240 million expansion
Abdul Samad Rabiu’s BUA Cement plans a $240 million expansion to lift production capacity to 20 million tonnes within 20 months.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double production capacity
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double annual production from 11 million to 20 million tonnes.
Femi Otedola hosts fellow billionaire Rabiu in Dubai amid expanding business empires
Femi Otedola hosted billionaire Abdul Samad Rabiu in Dubai as both oversee major deals reshaping Nigeria’s banking, power and manufacturing sectors.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group adds a 22 MW gas plant
BUA Group signs 22 MW gas power deal to cut diesel use, boost energy supply, and support Nigeria’s energy transition.
Nigerian billionaire Abdul Samad Rabiu gives Super Eagles $500,000 despite loss to Morocco
Rabiu said he would honor the $500,000 pledge, framing the payment as a gesture of appreciation for the players’ performance and the lift they gave to national morale.
Abdul Samad Rabiu set to become third Nigerian to hit $10 billion after Adenuga, Dangote
Abdul Samad Rabiu nears $10 billion, set to become the third Nigerian to hit the milestone, after Adenuga and Dangote in 2016.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.
After N30 billion staff award, BUA founder Rabiu shares rare holiday moment
Nigerian billionaire Abdul Samad Rabiu shares a rare holiday moment days after BUA awarded staff N30 billion in cash incentives.
Nigerian billionaire Abdul Samad Rabiu's BUA Foods nears sugar complex completion
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods nears completion of the country’s largest integrated sugar plant.
1,706 employees of Nigerian billionaire Abdul Samad Rabiu now $20.7 million richer
1,706 BUA Group employees receive $20.7 million in cash awards at the annual BUA Night of Excellence Long Service Awards held at Eko Hotel & Suites.
Nigerian billionaire Abdul Samad Rabiu gives $20.7 million to long-serving employees
Abdul Samad Rabiu shares $20.7 million in cash rewards with long-serving BUA Group employees, reinforcing loyalty across the conglomerate.
Dubai ruler meets African billionaires as UAE courts deeper investment, energy and AI ties
Sheikh Mohammed bin Rashid told African business and philanthropic leaders the UAE sees the continent as a strategic partner for resilient, inclusive growth.
Nigerian billionaire Abdul Samad Rabiu to expand empire with new rice processing line
Abdul Samad Rabiu signs a new deal in Dubai to build a 32-tonnes-per-hour rice processing line as BUA Foods’ earnings surge.
Nigeria’s second-richest man gifts $250,000 lecture theatre to Adamawa University
Billionaire Abdul Samad Rabiu, founder of ASR Africa and chairman of BUA Group, has funded a 500-seat lecture theatre at Adamawa State University for ₦350 million (US$241,379), extending his structured philanthropy in Nigeria’s tertiary sector.