Billionaire industrialist, philanthropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year. According to the latest Forbes list, Rabiu’s wealth surged 120 per cent to $11.2 billion, representing the…
BUA Foods Plc has reported a strong financial performance for the half year ended June 30, 2025, posting a significant boost in revenue and profitability, rising by 36 per cent to ₦912.5billion, up from ₦672.3billion reported in the corresponding period of 2024. The growth was driven by a notable increase in sales volume and a…
BUA Cement Plc said its revenue soared to ₦876.5 billion in 2024- representing a remarkable increase from ₦460 billion in 2023. This growth was complemented by strong profitability, with profit before tax rising by 48.2 per cent to ₦99.6 billion, compared to ₦67.2 billion it recorded in 2023 and profit after tax increasing by 6.3…
State-run oil firm, the Nigerian National Petroleum Company Limited (NNPCL) and its partners has launched 97mmscf/d capacity five mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. It was in furtherance of its efforts to deepen domestic gas utilization in line with the Federal Government’s Gas Revolution Agenda. This was contained in a press…
BUA Group, an industrial conglomerate, has denied claims that its 200,000 barrels per day refinery in Akwa Ibom is 90 percent completed. In a statement yesterday, the management said the construction is progressing steadily. “Whilst the refinery is not at 90per cent completion, we are however on track to meet our delivery timelines in collaboration…
