BUA Foods Surpasses MTN, Dangote Cement to Become Nigeria’s Most Valuable Company
BUA Foods, led by billionaire Abdul Samad Rabiu, has become Nigeria's most valuable company on the Nigerian Exchange NGX with a market valuation of N10 trillion. This surpasses giants like MTN and Dangote Cement, owned by Aliko Dangote.
In the past seven months, BUA Foods has seen a remarkable growth in market value, increasing by a staggering percentage. The company's success is attributed to its focus on a wide range of essential food products, including sugar, oil, flour, pasta, and rice.
Abdul Samad Rabiu and his son, Isyaku Naziru Rabiu, hold significant ownership in the corporation. BUA Foods' performance is supported by its revenue of over N10 billion in the first half of 2025, reflecting a 36% increase from the same period last year.
The company's success is also attributed to effective management, careful financial planning, and a competitive product range.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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