Stats: 3,191,903 members, 7,945,905 topics. Date: Wednesday, 11 September 2024 at 09:07 AM |
Nairaland Forum / Nairaland / General / Politics / Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria (663 Views)
Rabiu, BUA Chairman Rejects Appointment As APC Releases Standing Committee List / Macron Inaugurates France-Nigeria Council, Appoints Samad Rabiu As President / Ignore Malicious 2023 Posters Of Abdulsamad Rabiu - BUA (2) (3) (4)
(1) (Go Down)
Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria by ArewaNorth: 10:31pm On Jan 09, 2022 |
Abdul Samad Rabiu, BUA is now the second-richest man in Nigeria BUA Foods’ shares jumped more than 10% from N40 ($0.0968) to N44 ($0.1065) as of press time, Jan. 6. The company’s market capitalisation increased to N792 billion ($1.92 billion), as Rabiu’s fortune also increased from $5.3 billion to $7.2 billion. Nigerian billionaire industrialist Abdul Samad Rabiu is starting the new year off strong. On Thursday, the CEO and Chairman of BUA Group added nearly $1.9 billion to his net worth. Rabius’s fortune stands at $7.2 billion, thanks to the valuation of BUA Foods. His current net worth puts him in the potion of the second-richest man in Nigeria, ahead of Nigerian telecom mogul Mike Adenuga whose net worth is $6.6-billion. As usual, Rabiu has BUA Foods’ soaring share price to thank. On Wednesday, Jan. 5, the consolidated food business satisfied the listing requirements of its shares on the Nigerian Exchange after it obtained relevant regulatory approvals from the regulatory authorities. Investors were quick to react when the market opened on Wednesday as a total of 18,000,000,000 (eighteen billion) shares at N40 ($0.0968) were admitted to trading, representing a valuation of N720 billion ($1.74 billion). BUA Foods’ shares jumped more than 10% from N40 ($0.0968) to N44 ($0.1065) as of press time, Jan. 6. The company’s market capitalisation increased to N792 billion ($1.92 billion), as Rabiu’s fortune also increased from $5.3 billion to $7.2 billion. Commenting on the listing, Abdul Samad Rabiu, CON, Chairman of BUA Group, said, “I am delighted that yet another member of BUA Group has been listed on the NGX. This shows our commitment to national economic growth and support for the food security drive of the nation in alignment with global sustainability goals.” We appreciate the continued support of our stakeholders – financial advisers, stockbrokers, suppliers, customers, consumers and members of staff. In particular, we cherish our host communities with whom we continue to entrench very strong and mutually beneficial relationships.” Meanwhile, President Dangote Group, Aliko Dangote, is the wealthiest person in Africa with a net worth of $19.2 billion, up from $19.1 billion the previous year. The Nigerian billionaire businessman is ranked 97th on the Bloomberg Billionaires Index as of 6 January 2022, 03:02 AM WAT. https://africa.businessinsider.com/local/leaders/abdul-samad-rabiu-is-now-the-second-richest-man-in-nigeria/gb45mef 1 Like 1 Share |
Re: Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria by 360degreess(m): 10:50pm On Jan 09, 2022 |
Yeah that's true.I read it in other news outlets.. The man is really growing fast.Who knows wether he is going to overtake Dangote in the future.. |
Re: Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria by NorthernAgender: 10:52pm On Jan 09, 2022 |
I just pity those igbo that selling weeds and women pants with bra thinking that they are more richer than us. 3 Likes 1 Share |
Re: Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria by tutudesz: 10:53pm On Jan 09, 2022 |
Unfortunately, if Adenuga should list Glo on stock exchange ![]() 2 Likes |
Re: Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria by 360degreess(m): 10:54pm On Jan 09, 2022 |
NorthernAgender:.. You mean Inyamris?
|
Re: Abdul Samad Rabiu, BUA Is Now The Second-richest Man In Nigeria by Mynd44: 10:55pm On Jan 09, 2022 |
(1)
Seyi Makinde Is A Fraud. Pix Attached!!! / The Foolishness Of IPOB Just Went Exponential / National Grid My Foot
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11 |