Prime Business Africa
The total investment held by Abdul Samad Rabiu, the founder of BUA Group, in the Nigerian Exchange (NGX), also known as the stock market, increased to N24.11 trillion at the end of the first quarter (Q1) of 2026.
Rabiu’s investment value increased by N4.88 trillion between January and March of this year, from the N19,22 trillion recorded at the start of 2026, according to Prime Business Africa’s (PBA) analysis.
Join our WhatsApp ChannelThe billionaire’s investments are housed in BUA Foods, where he holds 16.67 billion shares, representing a 92.63 percent controlling stake, and BUA Cement, where he accounts for 33.08 billion shares, representing a 97.69 percent controlling stake.
According to the BUA Cement shareholding breakdown, Rabiu holds direct shares of 18.97 billion, and indirect shares of 13.46 billion in BUA Industries Limited, 637.40 million in Damnaz Cement Company Limited, and 8.13 million in BUA International Limited.
The value of the shares in BUA Cement increased to N10.80 trillion at the end of the first quarter, from N5.90 trillion at the start of the same period.
Rabiu’s investment in BUA Cement grew by N4.90 trillion within three months due to the company’s share appreciating by N148.2 kobo during trading, resulting in the price rising from N178.50 kobo to N326.70 kobo.
However, while his investment in BUA Cement appreciated by 83.02 percent during the period under review, the value of shares held by Rabiu in BUA Foods depreciated by 0.11 percent.
Rabiu holds 16.17 billion direct shares in BUA Foods, and indirect shares of 683.37 million through BUA International Limited, 500.48 million via BUA Industries Limited, and 971.475 through BUA Group Limited.
Prime Business Africa’s analysis showed that the value of the shares dropped marginally to N13.30 trillion as of March 31, compared to the N13.32 trillion they were valued at as of January 2.
Rabiu lost N15 billion from his investment in BUA Foods following a N0.9 kobo decline in the company’s share price, which decreased from N798.90 kobo to N798 per share.
However, despite the loss record in BUA Food, the gain earned in BUA Cement was enough to increase Rabiu’s investment in the Nigerian stock market by N4.88 trillion within Q1.
Meanwhile, in 2025, Rabiu gained N19.22 trillion in the Nigerian stock market
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
