Abdulsamad Rabiu
Networth: 7 Billion
Country: Nigeria
Industry: Diversified
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Rabiu, the son of a businessman, inherited land from his father.He set up his own business in 1988 importing iron, steel and chemicals.
Financial Assets
Ticker: BUACEMENT-NG
Shares: 25,872,000,000
Ticker: BUAFOODS-NG
Shares: 13,958,000,000