Find out more as Nigeria’s second richest man set to earn over N1894bn from one investment

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Abdul Samad Rabiu, billionaire and Chairman, BUA Cement Plc is set to receive N189.74 billion in dividendsThe dividend comes following shareholders’ endorsement of a dividend of N10.00 per share for the year 2025Rabiu has majority ownership of 56.03% in BUA Cement from 33.864 billion shares of the cement firm

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Nigerian billionaire and BUA Group Chairman Abdul Samad Rabiu is set to smile to the bank with a staggering N189.74 billion dividend from his shareholding in BUA Cement Plc, following strong financial performance and shareholder approval of the company’s 2025 results.

Rabiu pockets N189bn as BUA Cement rewards shareholders with record dividend Photo: Bloomberg
Source: UGC

The billionaire earned the payout after BUA Cement declared a N10.00 dividend per share, making up a major share of total distributions approved at its