Nigerian billionaire Abdul Samad Rabiu is now Africa's 3rd richest man
Abdul Samad Rabiu is now Africa's third richest person. His $11.2 billion fortune surged 120% in a year, powered by BUA Cement's blistering stock rally.
Abdulsamad Rabiu
Forbes releases its 2026 list of Africa's authentic billionaires as collective wealth hits $126.7 billion
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
Nigerian billionaire Abdulsamad Rabiu's BUA Cement shines as most profitable Cement maker in 2025
BUA Cement Plc, under the leadership of Abdulsamad Rabiu, has become Nigeria's most profitable cement maker in 2025, with a net profit margin of 30.43%, profit after tax surging 381.7% to N356 billion, and revenue breaking the trillion-naira barrier for the first tim
BUA Foods names Khalifa Rabiu head of global procurement and operations
BUA Foods has appointed Khalifa Rabiu to lead global procurement and operations, reinforcing its focus on supply chain efficiency and operational performance
Nigerian billionaire Abdulsamad Rabiu's BUA begins gypsum plaster board production in Port Harcourt, aiming to cut imports
BUA says it has started producing gypsum plaster boards in Port Harcourt, a step it says will deepen local supply and ease import reliance.
Nigerian billionaire Abdulsamad Rabiu drives FX loss cut as BUA Foods profit hits N507.73bn
BUA Foods sharply reduced FX losses in 2025 as disciplined operations and energy diversification lifted profit to N507.73 billion.
Nigerian billionaire Abdulsamad Rabiu tops stock gains in 2025, beats Dangote
Abdul Samad Rabiu emerged as Nigeria’s biggest stock market winner in 2025, overtaking Aliko Dangote as soaring share prices lifted billionaire fortunes.
Nigerian billionaire Abdul Samad Rabiu offers cash bonuses to Super Eagles after Algeria win
Rabiu promised $500,000 for a semifinal win and $1 million for the title, adding extra payments for every goal scored.
Nigerian billionaire Abdul Samad Rabiu orders Bombardier Global 8000 business jet
Abdul Samad Rabiu’s BUA Group adds a Bombardier Global 8000 to its fleet, signalling fresh expansion bets from Lagos to Dubai.
Nigerian billionaire Abdulsamad Rabiu’s BUA Group to build 40tph feed mill in Kano
BUA Group founder Abdulsamad Rabiu has signed a deal with Turkey’s Viteral to build a 40TPH feed mill in Kano, targeting Nigeria’s livestock deficit.
BUA Group donates $1.25 million to rebuild historic Zaria mosque
Abdul Samad Rabiu’s BUA Group funds the rebuilding of the Abdulkarim Central Mosque in Zaria, preserving its historic legacy while enhancing modern facilities for the community.
BUA Chairman Abdul Samad Rabiu blames middlemen for high cement prices
Rabiu explained that middlemen inflated prices, preventing savings from reaching consumers, impacting families and fueling a nationwide housing crisis.
Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu’s company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
African billionaires and presidents gather in Abidjan for The Africa CEO Forum
The Africa CEO Forum aims to define an African response to global crises.
Abdul Samad Rabiu’s BUA Foods acquires shipping vessels to drive West African sugar exports
The new vessel will depart and berth at BUA’s port and terminal.
Nigerian billionaire Abdul Samad Rabiu unveils food company BUA Foods, set to list on NGX
BUA Sugar Refinery Limited, BUA Oil Mills Limited, IRS Flour, IRS Pasta and BUA Rice Limited have merged to form BUA foods.