Prime Business Africa
Abdul Samad Rabiu, the founder of BUA Group and the third-richest man in Nigeria, saw his investments in the Nigerian Exchange (NGX) increase by 92.33 percent to N19.22 trillion at the end of 2025, according to Prime Business Africa’s analysis.
Analysis showed that Rabiu gained N9.22 trillion within 12 months of last year, when compared to the N9.99 trillion his 49.74 billion shares on the NGX, also known as the stock market, were valued as of January 2, 2025.
Join our WhatsApp ChannelRabiu held the 49.74 billion shares in BUA Cement and BUA Foods, with a breakdown showing the former accounts for 33.07 billion shares and the latter accounts for 16.67 billion shares last year.
Prime Business Africa gathered that his investment in BUA Cement accounts for 30.64 percent of the total investment value, and BUA Foods holds 69.35 percent.
The breakdown of the contribution showed that Rabiu gained N2.82 trillion in his investments in BUA Cement after the company’s share price increased by N85.5 kobo between January and December last year.
Stock market data showed that BUA Cement’s share price increased from N93 at the start of the first quarter (Q1) to N178.50 kobo at the end of the fourth quarter (Q4) of 2025, resulting in a 91.93 percent appreciation in Rabiu’s investment.
Consequently, the investment of the billionaire, who holds direct shares of 19.61 billion and indirect shares of 13.46 billion through BUA Industries Limited, soared to N5.90 trillion on December 31, 2025, from N3.07 trillion on January 2, 2025.
The 33.07 billion shares held by Rabiu represents 97.66 percent controlling stake in BUA Cement.
In addition, Rabiu saw his investment in BUA Foods increase by N6.40 trillion between January and December of last year, representing an appreciation of 92.50 percent, according to PBA’s analysis.
His investment surged after high demand for BUA Foods’ shares led to a share selling at N798.90 kobo at the end of the fourth quarter in 2025, compared to the N415 it was traded for at the start of last year.
With BUS Foods’ share price skyrocketing by N383.9 kobo, Rabiu’s investments in the company jumped from N6.91 trillion to N13.32 trillion within the 12 months of the year under review.
Rabiu holds 16.17 billion direct shares in BUA Foods and 500.48 million indirect shares through BUA Industries Limited, representing a 92.63 percent controlling stake in the company.
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