Ownership concentration in Nigeria's heavy industries has yielded another historic payday. Abdul Samad Rabiu, chairman, BUA Cement Plc took home a mind-boggling N189.74 billion from his personal stake in the company after the shareholders officially approved the company's financial rewards for the year ended December 2025.
The Nigeria’s second-richest man directly holds 18.974 billion units or 56.03 percent of BUA Cement Plc’s 33.864billion shares outstanding. BUA Cement Plc on May 21 paid a final dividend of N10 per ordinary share, subject
