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BUA Group plans Lagos share listing, merges five food units

BUA Group plans Lagos share listing, merges five food units
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BUA Group plans Lagos share listing, merges five food units

BUA Foods will be a combination of its five food businesses comprising pasta, edible oil, sugar, rice and flour units.

Port harcourtKwara stateAbdul samad rabiuBua groupPt mag campaignCompany of northern nigeriaNigerian exchangeNigerian exchange limitedSamad rabiuWest africanCement companyNorthern nigeriaObu cementCall willie

Rabiu: With AfCFTA, Nigeria Must Avoid Becoming Dumping Ground

The Chairman and Founder of the BUA Group, Alhaji Abdulsamad Rabiu in this interview spoke about a wide range of issues which included opportunities in the African Continental Free Trade Area agreement as well as the need to liberalise the cement industry so as to boost production and subsequently crash the price of the commodity. Obinna Chima and Goddy Egene provide the excerpts: The BUA Group recently sealed a deal for a refinery project, can you take us through the expectations from that project and when is it expected to be commence production? Nigeria is consuming a lot of petroleum products and we spend a lot of revenue in importing refined products. We spend a lot of money to transport crude oil and bring back the finished products. Most people ask why we are setting up a refinery when a big project that people believe would be producing a substantial amount is coming up. I believe Nigerians consume about 50 million litres per day. Then again, if you look at the region, ther

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Africa s Richest 2021 - Forbes Africa

Forbes Africa Published 2 months ago By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan In Africa as elsewhere in the world the wealthiest have come through the pandemic just fine. The continent’s 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by Nigeria’s surging stock market. For the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth $12.1 billion, up by $2 billion from last year’s list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset. The second richest is Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion.

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Bill Gates holds far more cash than Nigeria s foreign reserve

Billionaires are fond of investing in sports franchises. This is because there is a lot of money in it and the income stream is pretty consistent. Authoritative wealth watch magazine, Forbes yesterday released its official list of the most valuable clubs in the world. It also gave a summary of the business side of the football world which we found quite interesting. Nairametrics did a thorough review of the list and highlighted the parts which we believe will resonate well with our readers. Let’s get to it! Top 10 richest clubs in 2021 by value  Tottenham (2.3bn)   Tottenham hotspur comes in at the 10th position with a valuation of $2.3bn. The English club is owned by Joseph Lewis and Daniel Levy. They generated $494m last year.

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