Tag: Abdul Samad Rabiu

BUA-Foods
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BUA plans production expansion after declaring $366 million dividend

BUA Foods production expansion plans follow a $366 million dividend payout as the company targets bigger food manufacturing capacity.

Timilehin Adejumobi Timilehin Adejumobi
Africa’s 10 richest billionaires in July 2026
BillionairesBusinessHot News

Africa’s 10 richest billionaires now worth $106.4 billion after $6.2 billion gain

Africa’s top 10 billionaires see their combined wealth jump to $106.4 billion, driven by massive stock market gains from Aliko Dangote and BUA Group.

Omokolade Ajayi Omokolade Ajayi
Africa’s 10 richest billionaires in July 2026
BillionairesBusinessExclusiveHot News

10 richest African billionaires in July 2026

Africa’s 10 richest billionaires in July 2026 as Aliko Dangote, Johann Rupert and others grow their fortunes.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

BUA Group chairman Abdul Samad Rabiu loses $3.4 billion in six weeks following a major profit-taking wave on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

Abdul Samad Rabiu lost $1.02 billion after a wave of selling on the NGX erased $2.64 billion in market value, marking the exchange's sharpest daily decline of 2026.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

BUA Foods brings back branded BUA Rice to boost domestic supply after the rice division generated $11 million in the first quarter of 2026.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

With nearly $20 billion fortune, Johann Rupert is back as Africa’s second-richest person

Johann Rupert is back as Africa’s second-richest person with a $19.9 billion fortune as luxury group Richemont edges ahead of BUA's Rabiu.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBusinessHot News

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu drops as Africa’s second-richest after $2.2 billion wealth loss

Abdul Samad Rabiu falls from Africa's second-richest spot after a $2.2 billion net worth decline, with Johann Rupert reclaiming the rank.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu loses $906 million in 24 hours as BUA Cement shares slide

Abdul Samad Rabiu loses $906 million as BUA Cement shares fall, trimming gains after a strong rally and record dividend payout.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBillionairesBusinessHot News

After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

BUA Cement share decline erases $1 billion from Abdul Samad Rabiu’s net worth in four days, pulling fortune back from recent highs.

Omokolade Ajayi Omokolade Ajayi