Nigerian billionaire Abdul Samad Rabiu's BUA Foods lifts half-year profit 12% to $210 million
BUA Foods lifted half-year profit 12.4% to ₦292.27 billion as gross margins widened sharply, taking Abdul Samad Rabiu's stake to $11.26 billion.
Abdul Samad Rabiu
Nigerian billionaire Abdul Samad Rabiu's BUA Cement lifts half-year profit 80% to $237 million
Abdul Samad Rabiu's BUA Cement lifted half-year profit 80% to $237 million as bulk cement revenue jumped from almost nothing a year earlier.
Billionaire Abdul Samad Rabiu's BUA Foods embarks on largest expansion in company history
BUA Foods, controlled by billionaire Abdulsamad Rabiu, has begun the largest expansion in its history, entering the noodles market and scaling wheat milling capacity.
Africa's 3rd richest man Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer their worst day of 2026
A brutal session on the Nigerian Exchange erased more than a billion dollars from the BUA Group founder's fortune, reshuffling Africa's wealth rankings overnight.
Nigerian billionaire Abdul Samad Rabiu relaunches BUA Rice with son in charge
Abdulsamad Rabiu's BUA Foods has relaunched BUA-branded rice into Nigerian markets as his son Isyaku Khalifa Rabiu takes charge of the group's global procurement and supply chain.
Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
Nigerian cement billionaires win big as Dangote, BUA and Lafarge post $554 million in combined Q1 profits
Nigeria's three biggest cement producers posted a combined N762.97 billion in first-quarter profits in 2026, a 57 percent jump driven by elevated cement prices.
Billionaire Abdul Samad Rabiu says BUA Cement prices will fall as naira stability eases costs
BUA Cement chairman Abdul Samad Rabiu told shareholders cement prices will fall as naira stability eases costs, after the company posted a record 2025 profit.
Nigerian billionaire Abdul Samad Rabiu wins CEO of the Year at Africa CEO Forum and tells African leaders to get serious
Abdul Samad Rabiu was named CEO of the Year at the Africa CEO Forum in Kigali and challenged African leaders to stop talking and start executing at scale.
Nigerian billionaire Abdul Samad Rabiu says Africa is protecting the wrong people and his Mali sugar deal proves it
BUA Group chairman Abdul Samad Rabiu says African governments are protecting rent-seekers over producers, using a blocked Mali sugar deal as his evidence.
Bloomberg says Abdul Samad Rabiu is Africa's 2nd richest man at $19.1 billion while Forbes ranks him 4th at $15.3 billion. Here is why both are right
Bloomberg ranks Abdul Samad Rabiu as Africa's second richest man at $19.1 billion, ahead of Johann Rupert, while Forbes puts him fourth at $15.3 billion. The gap comes down to how each counts his Nigerian stock market wealth.
Nigeria's 2nd richest man Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares
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.
Billionaire Abdul Samad Rabiu's BUA Foods grows profit to $103 million in Q1 2026 even as revenue falls 11%
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 tells Tutu Foundation fellows in Cape Town that Africa's greatness is built intentionally, one day at a time
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.
Nigerian billionaire Abdul Samad Rabiu's fortune jumps $2.8 billion in weeks as record profits from BUA Foods push his wealth past $14 billion
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.
Shareholders praise billionaire Abdul Samad Rabiu's leadership as BUA Foods and Cement post record 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.