Nigeria's four billionaires are running the playbook that built industrial America
Dangote, Adenuga, Rabiu and Otedola are running versions of the playbooks Rockefeller, Ford, Carnegie and Morgan used to build America.
Abdulsamad Rabiu
Billionaire Abdul Samad Rabiu's BUA Foods approves record $363 million dividend and expansion plan
BUA Foods, controlled by billionaire Abdulsamad Rabiu, approved a record $363 million dividend and unveiled an expansion plan to become Nigeria's largest food manufacturer.
Johann Rupert becomes 2nd African to hit $20 billion according to the Bloomberg Billionaires Index
South African luxury tycoon Johann Rupert has crossed the $20 billion milestone, cementing his position over Nigerian billionaire Abdul Samad Rabiu on the global wealth index.
Eswatini billionaire Nathan Kirsh overtakes Johann Rupert and Abdulsamad Rabiu to become Africa's 2nd richest person
Nathan Kirsh is selling Jetro Restaurant Depot to Sysco at a $29.1 billion valuation, a deal that adds at least $10 billion to the 94-year-old South African billionaire's fortune.
Rabiu adds $4 billion to net worth amid industrial expansion
Industrialist Abdul Samad Rabiu sees his fortune climb to $14.6 billion as strategic manufacturing expansions and high demand drive BUA Group growth.
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.
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.