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Abdul Samad Rabiu

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Demand surges as Nigeria’s March bond auction oversubscribes

Nigeria's March FGN bond auction drew N931.5 billion in bids against a N750 billion offer, a 4.28 percent oversubscription.
News

Nigeria’s oil exploration plunges 45 percent in February

Nigeria's oil exploration contracted sharply in February 2026, with active rigs falling 45 percent to 22 from 40 in January.
Business

Abdul Samad Rabiu Climbs to Africa’s Fourth Richest

Abdul Samad Rabiu net worth reaches $11.3 billion, lifting the Nigerian industrialist to fourth richest in Africa on the Bloomberg Billionaires Index.
Business

BUA Foods Posts Sharp Profit Jump as Demand Lifts Sales

BUA Foods nearly doubled profit in 2025, as demand for staples and tight cost control lifted earnings and reinforced its position in Nigeria’s food sector.
Business

Otedola Hosts Rabiu, Business Leaders at Private Dubai Dinner

KEY POINTS Femi Otedola hosted Abdul Samad Rabiu and friends at a private dinner...
Business

Rabiu Pays $500,000 Bonus to Super Eagles Despite Loss

Abdul Samad Rabiu has paid a $500,000 Super Eagles cash gift despite Nigeria’s loss, praising the team’s effort, unity and impact on national morale.
Business

Rabiu Nears Rare $10 Billion Wealth Mark in Nigeria

Abdul Samad Rabiu is closing in on the Nigerian $10 billion wealth mark as BUA Cement and BUA Foods rally amid strong earnings and a booming stock market.
Business

Rabiu’s Fortune Nears $10 Billion After BUA Rally

Abdul Samad Rabiu’s fortune climbs to about $9.7 billion as BUA Cement and Foods shares rally, pushing him closer to the $10 billion mark.
News

BUA Founder Shares Rare Holiday Glimpse After Staff Bonus

Days after approving a landmark employee cash reward, Abdul Samad Rabiu shared a rare personal moment as BUA posts record profits and expands operations.
Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.
Business

BUA Awards $20.7 Million to 1,706 Employees for Long Service

BUA Group rewarded 1,706 long-serving employees with N30 billion in cash, underscoring Abdul Samad Rabiu’s people-first approach to corporate growth.
News

Abdul Samad Rabiu Shares $20.7m With Long-Serving BUA Employees

Abdul Samad Rabiu approves $20.7 million cash rewards for long-serving BUA Group employees at an awards event in Lagos.
Business

BUA Group Signs New Deal To Boost Rice Processing Capacity

BUA Group accelerates its food-sector growth with a new rice processing partnership, strengthening its expansion strategy across Nigeria’s manufacturing landscape.
News

Abdul Samad Rabiu Builds ₦350 Million Lecture Theatre for Adamawa State University

Abdul Samad Rabiu donates a ₦350 million lecture theatre to Adamawa State University, expanding his education support in Nigeria.
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News

Demand surges as Nigeria’s March bond auction oversubscribes

Nigeria's March FGN bond auction drew N931.5 billion in bids against a N750 billion offer, a 4.28 percent oversubscription.
News

Nigeria’s oil exploration plunges 45 percent in February

Nigeria's oil exploration contracted sharply in February 2026, with active rigs falling 45 percent to 22 from 40 in January.
News

Nigeria brings home 1,230 citizens stranded in Niger

Nigeria's Federal Government brought home 1,230 stranded citizens from Niger in March 2026, completing the evacuation in two airlifts.
News

OO Poly Aba launches EdTech and anti-drug drive

Ogbonnaya Onu Polytechnic Aba plans to introduce Educational Technology courses and partner with the National Drug Law Enforcement Agency to curb student substance abuse, Rector Christopher Okoro Kalu announced this week.

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