BUA FOODS

Billionaire Abdul Samad Rabiu’s N3.92trn Windfall In 12 Months

Abdul Samad Rabiu, chairman of BUA Foods and BUA Cement, has made a staggering N3.92 trillion in 2024, driven by the strong performance of BUA Foods and dividend payments from both companies.

Prime Business Africa

April 10, 2025

Business·Markets·News

BUA Foods Leads As Top Performing FMCG Stocks in Q1 2024; Other Consumer Goods Sector Surge, Defying Past Losses

Investors in Nigeria are witnessing a surprising turn of events as stocks in the consumer goods sector experience a surge, despite past losses. The surge comes after a challenging fiscal year in

Emmanuel Ochayi

April 6, 2024

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

BUA Foods MD, Lafarge CEO Lament CBN’s Naira Redesign Policy Impact On Operation

The Managing Director of BUA Foods, Ayodele Abioye, and the Chief Executive Officer of Lafarge Africa, Khaled El Dokani, lament about the Naira redesign policy of the Central Bank of Nigeria (CBN).

Fakoyejo Olalekan

May 8, 2023

Business

Trillionaire Club: Five Most Valuable Companies In Nigeria Worth N19.32 trillion

The trillionaire club is not for everyone, nor is it for every company. Only a handful has made it to this exclusive list out of the over 150 companies publicly listed in

Fakoyejo Olalekan

May 5, 2023

Business

Aliko Dangote, Rabiu Abdulsamad’s Food Companies To Pay Shareholders N99.22 billion

The food companies owned by Aliko Dangote and Rabiu Abdulsamad proposed to pay their shareholders N99.22 billion as dividends for their investments in 2022. According to the financial records of Dangote Sugar,

Fakoyejo Olalekan

April 26, 2023

Business

Rabiu Abdulsamad’s Food Company Makes N418.34 billion From Sugar, Flour Sales

BUA Foods revealed that its revenue for the financial year of 2022 rose by 26 per cent, with the company’s bottom line up by 31 per cent. According to the financial records

Fakoyejo Olalekan

April 10, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Hits N29.76 trillion, As Investors Make N180.22 billion

Nigerian Exchange Limited (NGX) ended trading with N180.22 billion gain on Thursday, 23 February 2023, as the market capitalisation grew from N29.58 trillion to N29.76 trillion. The All-Share Index closed at 54,646.38 ASI,

Fakoyejo Olalekan

February 23, 2023

Five Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Business·Insights·Markets

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

In 2022, Nigeria experienced historic inflation, with the rate closing in November at 21.47 per cent, the highest level in 17 years. Within 11 months, inflation soared by 37.6 per cent, having

Fakoyejo Olalekan

January 11, 2023

Business·Markets

Chellaram Leads Losers, BUA Foods Tops Gainers’ List Amid N187.69 billion Gain

The stock market’s total equity capitalisation closed at N28.10 trillion on Tuesday after the capital market shutdown to celebrate the New Year public holiday on Monday. Following trading on Tuesday, the market capitalisation appreciated

Fakoyejo Olalekan

January 3, 2023

Business·Insights

Airtel, 4 Others Make List Of Most Valuable Companies In Nigeria

Only five companies made it into the most valuable firms’ list at the end of business activities in 2022, out of the over three million companies registered in Nigeria. The companies are

Fakoyejo Olalekan

January 2, 2023

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Billionaire Abdul Samad Rabiu’s N3.92trn Windfall In 12 Months

BUA Foods Leads As Top Performing FMCG Stocks in Q1 2024; Other Consumer Goods Sector Surge, Defying Past Losses

BUA Foods MD, Lafarge CEO Lament CBN’s Naira Redesign Policy Impact On Operation

Trillionaire Club: Five Most Valuable Companies In Nigeria Worth N19.32 trillion

Aliko Dangote, Rabiu Abdulsamad’s Food Companies To Pay Shareholders N99.22 billion

Rabiu Abdulsamad’s Food Company Makes N418.34 billion From Sugar, Flour Sales

Stock Market Cap Hits N29.76 trillion, As Investors Make N180.22 billion

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Chellaram Leads Losers, BUA Foods Tops Gainers’ List Amid N187.69 billion Gain

Airtel, 4 Others Make List Of Most Valuable Companies In Nigeria

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