BUA foods to pay Abdulsamad Rabiu N216 billion in dividends

Abdulsamad Rabiu Set to Receive Record ₦216 Billion Dividend From BUA Foods

Nigerian billionaire Abdulsamad Rabiu is poised for a record windfall as BUA Foods Plc confirmed a ₦216.7 billion dividend payout, solidifying his status as one of Africa’s wealthiest business moguls.The announcement came during the company’s fourth Annual General Meeting (AGM) held at the Transcorp Hilton Hotel in Abuja, where shareholders approved a dividend of ₦13 per share for the financial year ending December 31, 2024.With Rabiu holding ap…

BUA foods to pay Abdulsamad Rabiu N216 billion in dividends

Nigerian billionaire Abdulsamad Rabiu is set to pocket a record N216.7 billion in dividends following resolutions passed at the fourth Annual General Meeting of BUA Foods Plc, underlining the outsized role his holdings continue to play in one of Africa’s most valuable consumer goods groups.  The post BUA foods to pay Abdulsamad Rabiu N216 billion in dividends  appeared first on Nairametrics.

Abdul Samad Rabiu’s BUA Foods expands sugar mills

BUA Foods Plc, the Lagos-based food giant majority-owned by Nigerian billionaire Abdul Samad Rabiu, is deepening its commitment to Nigeria’s sugar self-sufficiency program. The company said it is accelerating its Backward Integration Project (BIP) in line with the federal government’s extended Sugar Master Plan 2.0. The project is designed to cut the country’s reliance on imported sugar. Rabiu, who serves as chairman, reaffirmed the plan during …