Nigerian billionaire Abdul Samad Rabiu to pocket $208 million in dividends
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
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BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
BUA Cement’s market capitalization is $5.7 billion, making it the fourth most capitalized company on the Nigerian Exchange.
BUA Cement is the second-largest producer of cement products in Nigeria after Dangote Cement.
The Nigerian cement tiger has a market capitalization of $5.85 billion on the Nigerian Stock Exchange.
French President Emmanuel Macron inaugurated the council on the sidelines of the Choose France Summit in Versailles.
Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.
The market value loss was the result of a sharp drop in the company’s share price.
The Nigerian Senate has called for liberalizing cement policy to boost production and reduce market prices.
The billionaire mogul will earn a $169.4 million dividend from his stake in BUA Cement Plc.
The Nigerian billionaire has donated N200 million ($525,250) to construct an ICT faculty building at Sokoto State University