Nigerian billionaire Abdul Samad Rabiu’s BUA Foods doubles nine-month profit to $283 million
BUA Foods, led by billionaire Abdul Samad Rabiu, doubles nine-month profit to $283 million on rising sales and cost control.
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BUA Foods, led by billionaire Abdul Samad Rabiu, doubles nine-month profit to $283 million on rising sales and cost control.
Nigerian billionaire Abdul Samad Rabiu gains $500 million in less than a month, fueled by BUA Foods’ strong stock rally.
The conglomerate is majority-owned by Nigeria’s second-richest man, Abdul Samad Rabiu, and his son, Isyaku Naziru Rabiu.
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Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Rabiu is Nigeria’s second-richest man and one of the African continent’s wealthiest businessmen.
The surge solidifies his position as Nigeria’s second-richest man.
Rabiu’s net worth increased from $5.6 billion to $7 billion in less than a month.
Rabiu and his son own 99.8 percent of BUA Foods.
Rabiu and his son own 99.8 percent of BUA Foods.
Rabiu and his son own 99.8 percent of the newly established food business.