Abdulsamad Rabiu, Nigeria's second richest man, increased his net worth by $4.47 billion recently, reaching $14.6 billion.

Rabiu surpassed Egypt’s Naguib Sawiris to become Africa's fourth-richest person and climbed significantly in the global wealth rankings this year. He is now the 3rd richest African and the 197th richest person in the world according to Bloomberg's Billionaire Index. Rabiu and BUA have formed strategic partnerships, such as with SINOMA China for a new cement line, Bühler for a rice processing plant, and Viteral of Türkiye for an animal feed mill.