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BUA Cement shares surged 24.8% in 4 trading days, adding N2.7 trillion ($1.95 billion) to Abdul Samad Rabiu's stake value after Q1 profit more than doubled to N176 billion.
BUA Foods posted $103 million profit in Q1 2026, up from $99 million a year earlier, even as revenue fell 11%, with cost control doing the heavy lifting.
Nigerian billionaire Abdul Samad Rabiu spoke at the Desmond and Leah Tutu Legacy Foundation in Cape Town, urging young African leaders to think beyond limitations and build intentionally.
Abdul Samad Rabiu's net worth has surged from $11.2 billion to over $14 billion in weeks, driven by an 83% rally in BUA Cement shares and record BUA Foods profits.
Nigerian shareholders praised Abdul Samad Rabiu's governance at BUA Group as BUA Foods posted N518 billion net profit and proposed a N28 dividend, more than doubling the prior year's payout.
Abdulsamad Rabiu has fallen to fourth among Africa’s richest people after Nathan Kirsh’s multibillion-dollar Sysco deal sharply lifted his fortune.
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
BUA Foods has proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Abdul Samad Rabiu's ASR Africa convened mentors and partners in New York to map the next phase of its women's mentorship program across Africa.
Under the visionary leadership of Abdul Samad Rabiu, BUA Cement has triggered a massive recovery on the Nigerian stock market, adding 649 billion naira to investor wealth.
Abdul Samad Rabiu will collect more than N324 billion in dividends as BUA Cement profit climbed nearly fivefold in 2025.
BUA Cement’s 2025 profit surged to N356 billion as sales topped N1.17 trillion, prompting a higher dividend and reduced leverage.
BUA Group spotlights its food manufacturing capacity in Paris, pushing Nigeria’s ambition to shape global food systems and trade
Dangote and Rabiu post Africa’s strongest billionaire gains in 2026, outperforming Rupert, Oppenheimer and Sawiris on Bloomberg rankings.
BUA, via ASR Africa, funded a N500m 60-bed hospital in Bauchi to support Customs personnel and surrounding communities.