
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.
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.
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The sharp decline highlights the volatility of Nigeria’s currency and its direct impact on the fortunes of the country’s wealthiest individuals.
His $3.3 million donation, was the second-largest of the evening, surpassed only by Aliko Dangote’s contribution.
The company’s profit more than doubled, reaching over $180 million, underscoring its growing influence and market presence in Nigeria’s food sector.
BUA Group dismisses claims of its Akwa Ibom refinery being 90 percent complete, emphasizing steady progress and reaffirming its commitment to energy security.
This underscores Nigerian investors' broader financial challenges amid currency volatility and economic uncertainty.
The state-of-the-art plant underscores BUA Group’s growing influence in Africa’s industrial and manufacturing sectors.
BUA Group strengthens control over production and supply chain with new facility for polypropylene packaging.
This sharp drop has pushed him from fifth to sixth place on the African rich list.
ASR Africa begins construction of a $147,691 corrosion research center at FUPRE, enhancing Nigeria’s oil and gas sector with cutting-edge research and industry collaboration.
BUA Industries secures $200 million from Afreximbank to accelerate expansion, boosting Nigeria’s industrial growth and self-sufficiency in key sectors.
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.
Nigeria’s BUA Cement posted strong Q3 sales growth, but rising input costs trimmed nine-month profits.
Abdul Samad Rabiu, the billionaire founder and chairman of BUA Group, has awarded 40 standout students from Al-Qalam University in Katsina State with the "Abdul Samad Rabiu Achievers Award."