Friday, April 23

Tag: Abdulsamad Rabiu

Aisha Buhari’s book launch: Dangote gives N30m, Tinubu gives N20m (full list of donations made)
News

Aisha Buhari’s book launch: Dangote gives N30m, Tinubu gives N20m (full list of donations made)

The launch of a book written in honour of First Lady Aisha Buhari was held yesterday at the Presidential Villa in Abuja. The launch of the book written by the Senior Special Assistant to the President on Administration and Women Affairs Dr Hajo Sani, was attended by many prominent Nigerians even though some key persons invited were conspicuously absent. While  Asiwaju Bola Tinubu, National Leader of the All Progressives Congress (APC) and many governors were present, Aliko Dangote, Femi Otedola, Abdulsamad Rabiu, Muhammadu Indimi, and Jim Ovia were among those who sent representatives. Here is a list of those who bought copies of the book and what they donated. Asiwaju Bola Ahmed Tinubu (N20m), Alhaji Aliko Dangote (N30m), Alhaji Abdulsamad Rabiu (N25m), Mrs Folo...
Ignore Malicious 2023 Posters Of Abdulsamad Rabiu – BUA
News

Ignore Malicious 2023 Posters Of Abdulsamad Rabiu – BUA

BUA group has called on the general public to Ignore malicious campaign posters alleging that its chairman, Abdulsamad Rabiu seeks to run for Public Office in 2023. In a statement made available on Friday, signed by its Corporate Communications Chief, Otega Ogra, Mr. Abdulsamad has no intentions to run for office. "Our attention has been brought to actions of certain unscrupulous elements printing posters linking the name and person of the Chairman of BUA Group, Alhaji Abdul Samad Rabiu to a run for political office." "We wish to inform the general public, on behalf of the Person of the Chairman that, Alh. Abdul Samad Rabiu is neither interested nor is he willing to run for political office. At no time has he indicated interest in running for an elective position neither is he l...
Abdulsamad Rabiu Donates Additional ₦3.3 Billion To Fight COVID-19
News

Abdulsamad Rabiu Donates Additional ₦3.3 Billion To Fight COVID-19

Billionaire businessman and philanthropist, Abdulsamad Rabiu has donated an additional N3.3 billion naira to fight the deadly COVID-19 pandemic currently ravaging the country. It will be recalled that the mogul has previously donated N1.6 billion naira; N1 billion through the private sector fund and N600 million to various state governments. POLITICS NIGERIA gathered that in a letter written to the Presidential Task-force on COVID-19, Rabiu announced the donation will be made via his BUA Foundation. "Based on what is going on especially in Kano at the moment, we have decided in the immediate, to commit a 3.3 billion Naira grant to a working group made of the Presidential Taskforce, NCDC and other stakeholders in equipping 2 existing permanent facilities in Kano and Lagos States - whi...
Buhari Praises Dangote, Elumelu, Atiku, Banks and Other For Donations
Politics

Buhari Praises Dangote, Elumelu, Atiku, Banks and Other For Donations

BATTLE AGAINST COVID-19: PRESIDENT BUHARI THUMBS UP ELUMELU, RABIU, DANGOTE, ATIKU, BANKS, OTHERS President Muhammadu Buhari has saluted the public-spiritedness of wealthy Nigerians and organizations for standing up to be counted in the battle against the Covid-19 pandemic. The President commends members of the Nigerian Private Sector Coalition Against Covid-19, made of people like Aliko Dangote, Abdulsamad Rabiu of BUA Group, Femi Otedola, Tony Elumelu, Herbert Wigwe, Segun Agbaje and Jim Ovia of UBA, Access, GT, and Zenith Banks, respectively, for contributing N1 billion each, and being in the vanguard of encouraging others in the private sector to do same. UBA has equally donated the sum of N5 billion to Nigeria and Africa, former Vice President Atiku Abubakar has pledged N50 m...
Samad Returns To The Forbes Billionaires’ List Three Years After
Lifestyle

Samad Returns To The Forbes Billionaires’ List Three Years After

In a year that saw many billionaires lose chunks of their money due to plunging stock prices and weaker currencies, with the number of African billionaires shrinking to 20 from 23 last year, cement mogul and chairman of BUA Group, Abdulsamad Rabiu, returns to the Forbes Africa’s Richest List. He was knocked off the list in 2015 but his return was facilitated largely, according to the influential American magazine, by the merger of his Kalambaina Cement firm with publicly traded Cement Company of Northern Nigeria, which he controlled. “Rabiu now owns 97% of Kalambaina, which operates a new cement production facility, and started selling cement in mid-2018. Separately, Rabiu’s OBU Cement recently expanded its operations, adding a new production line,” the magazine stated. Indeed, ...
Sokoto Cement Explains Non-Payment Of Dividend To Shareholders
News

Sokoto Cement Explains Non-Payment Of Dividend To Shareholders

The challenges of infrastructure decay and the burden of retooling have been identified as the major impediment against the declaration of dividend for shareholders by the Board of the Cement Company of Northern Nigeria (CCNN) Plc. Such decayed equipment include worn-out generators, cooler tubes and kiln shell, which require huge investments for their replacement or repairs, thereby eating deep into the company’s profit. The Chairman, CCNN, Abdulsamad Rabiu, who gave the explanation at the company’s 2016 Annual General Meeting, said as a result, “The Board resolved not to recommend the payment of any dividend this year … to ensure the long term survival of the company.” Regardless of the non-declaration of dividend, Rabiu disclosed that the cement company made about N1.254billion ...
Dangote, Adenuga’s Net Worth Drops By $7.4bn
News

Dangote, Adenuga’s Net Worth Drops By $7.4bn

The President of the Dangote Group, Alhaji Aliko Dangote; and Chairman of Globacom, Dr. Mike Adenuga, saw their net worth declined by $3.2bn and $4.2bn, respectively in the past year, according to Forbes 2017 World’s Billionaires list. Dangote retained his position as Africa’s richest person in the latest ranking, with a fortune of $12.2bn, although he was ranked 105th as against 51st last year. The Chairman of Forte Oil, Mr. Femi Otedola; and the Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu, were missing on the list. They were worth $1.8bn and $1.1bn, respectively last year. In 2015, Otedola re-joined the list of African billionaires after a five-year hiatus, with a $1bn fortune. The net worth of the Founder and Executive Chairman, Famfa Oil Limited, Mrs. Folo...

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