Nigerian billionaire Abdul Samad Rabiu's BUA Foods posts $330 million nine-month profit
BUA Foods, controlled by Nigerian billionaire Abdul Samad Rabiu, raised nine-month profit 11% to ₦450.5 billion as lower costs lifted its margins.
BUA Foods
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.
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.
BUA Foods proposes a record N504 billion dividend that will hand billionaire Abdul Samad Rabiu about $323 million in a single payout
BUA Foods has proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.
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.
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 Abdul Samad Rabiu to expand empire with new rice processing line
Abdul Samad Rabiu signs a new deal in Dubai to build a 32-tonnes-per-hour rice processing line as BUA Foods’ earnings surge.
Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods invests in new mills, sugar plantations
The company said it is accelerating its Backward Integration Project (BIP) in line with the federal government’s extended Sugar Master Plan 2.0.
Billionaire Abdul Samad Rabiu’s BUA Foods becomes Nigeria’s most valuable company
BUA Foods tops Nigerian Exchange with $6.76 billion valuation; revenue grows 36%, net profit doubles in first half of 2025.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts nearly $600 million in half-year revenue
BUA Foods posts $596 million revenue, $169.8 million profit in H1 2025 as sugar, flour, and pasta drive strong gains.
Nigerian billionaire Abdul Samad Rabiu to pocket $143 million dividend from BUA Foods
This dividend, which will be paid on September 25, is the lion’s share of the proposed N234 billion ($152.43 million) payout for the year.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods reports $182.7 million profit in 2024
The company’s profit more than doubled, reaching over $180 million, underscoring its growing influence and market presence in Nigeria’s food sector.
BUA Foods posts $647 million in revenue in nine months, doubles earnings
BUA Foods Plc, one of Nigeria's top food producers, reports a 104-percent increase in revenue to N1.07 trillion ($647 million) for the nine months ending September 2024, driven by strong demand for sugar, flour, and pasta amid challenging economic conditions.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods expands pasta production with strategic FAVA deal
The agreement will see BUA Foods more than double its current output from 400,000 tonnes to 900,000 tonnes per year.