Abdulsamad Rabiu

Rabiu Abdulsamad loses N12.47bn, as BUA Foods shares slump amid sugar price allegation

Rabiu Abdulsamad loses N12.47bn as BUA Foods shares slump amid sugar price allegation

The wealth of Nigerian billionaire, Rabiu Abdulsamad, dwindled by -0.44% on Monday after shares of his company, BUA Foods, plummeted following trading hours in the Nigerian bourse. BUA Foods’ stock slumped in value by -1.45% hours after report emerged that the company won’t be joining Dangote Sugar and Flour Mills of Nigeria (FMN) to allegedly […]

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Sugar Importation Ban: Dangote Commits $700 Million To Sugar Refinery

The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the […]

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