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Abdul Samad Isyaka Rabiu Rises To Africa’s Second-Richest Spot As Networth Hits $15.8 Billion Abdul Samad Rabiu, chairman of BUA Group, has emerged as Africa’s second-richest individual after his net worth climbed to $15.8 billion, according to Forbes. The Nigerian billionaire’s fortune reportedly surged by $1.8 billion within a week, largely fueled by a significant rally in BUA Cement shares, following stronger first-quarter earnings and heightened investor confidence. BUA Cement shares rose by nearly 25 percent after the company posted improved financial results, with profits more than doubling year-on-year due to increased revenue from both bagged and bulk cement sales. Rabiu’s combined stakes in BUA Cement and BUA Foods are now estimated at $19.1 billion, reflecting robust performance in Nigeria’s equity market. The latest valuation firmly positions Rabiu behind fellow Nigerian industrialist Aliko Dangote in Africa’s billionaire rankings, further underscoring Nigeria’s ...