Tag: Abdul Samad Rabiu

Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $334 million nine-month profit as costs decline

BUA Foods posted a net profit of $334.45 million in 9M 2026 as lower production costs and strong pasta sales lifted earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu’s BUA Cement profit jumps 60% to $344 million in 9M 2026

Abdul Samad Rabiu’s BUA Cement grew nine-month profit by 59.8 percent to $344 million as revenue topped $800 million.

Omokolade Ajayi Omokolade Ajayi
BUA Foods launches Bakers Pride Flour
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Abdul Samad Rabiu’s BUA Foods targets commercial bakers with new flour rollout

Abdul Samad Rabiu’s BUA Foods launches Bakers Pride Flour to supply commercial bakers and strengthen its staple food dominance across Nigeria.

Omokolade Ajayi Omokolade Ajayi
Africa's food giant, BUA Foods
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Africa’s food giant, BUA Foods, pays out nearly $1 billion to investors in 5 years

BUA Foods delivered nearly $1 billion in dividends over five years, defying naira devaluation with strong pricing power, scale, and record profits.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Days after flying Dangote on his Global 8000, Abdul Samad Rabiu relaxes on yacht in Monaco

Abdul Samad Rabiu visits Monaco aboard his superyacht after hosting Aliko Dangote on his Bombardier Global 8000.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

BUA Foods, controlled by billionaire Abdul Samad Rabiu, posts a $215 million first-half profit and announces plans for new noodle and edible oil lines.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $1.2 billion assets as profits surge

Abdul Samad Rabiu’s BUA Foods crosses $1.2 billion in assets while net income surges 12 percent despite softer consumer demand.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu commits $85 million to ports expansion project

Nigerian billionaire Abdul Samad Rabiu is investing $85 million to expand BUA Ports in Port Harcourt, boosting logistics for BUA Foods' growth.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

Abdul Samad Rabiu’s BUA Foods surged to a $215 million half-year profit in 2026, driven by aggressive cost cuts despite falling revenues.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

Abdul Samad Rabiu's BUA Cement reports a N324.88 billion ($238 million) half-year profit, driven by strong sales and lower finance costs in 2026.

Omokolade Ajayi Omokolade Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
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Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

Khalifa Rabiu pockets a $9.6 million dividend as BUA Foods doubles its profit, driven by strong food sales and tight cost controls.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu collects $337 million BUA Foods dividend

Abdul Samad Rabiu receives a record N467 billion ($337.3 million) dividend as BUA Foods doubles its payout on surging profits.

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