As Nigeria’s second-richest man, Rabiu directly controls 18.974 billion units, or 56.03 percent, of BUA Cement’s 33.864 billion outstanding shares. Following the company’s gross dis
The deep concentration of ownership in Nigeria’s heavy industries has yielded another historic corporate payday. Abdul Samad Rabiu, the billionaire chairman of BUA Cement Plc, took home a staggering N189.74 billion from his personal stake in the manufacturing giant following shareholder approval of the company’s financial rewards for the year ended December 2025.
As Nigeria’s second-richest man, Rabiu directly controls 18.974 billion units, or 56.03 percent, of BUA Cement’s 33.864 billion outstanding shares. Following the company’s gross dis