BUA Group's Governance Praised Amid Strong Financial Growth
Shareholders have commended BUA Group's corporate governance under Chairman Abdul Samad Rabiu, describing his leadership as a benchmark for responsible business practices in Nigeria. Rabiu's approach emphasizes employee welfare and shareholder value, reflecting a balance between profit and social responsibility.
The group’s two flagship companies, BUA Cement Plc and BUA Food Plc, rank among the largest firms on the Nigerian Exchange, with a combined market value estimated at ₦26 trillion. BUA Food Plc reported revenues of ₦1.77 trillion for 2025, up from ₦1.53 trillion in 2024, with profits after tax rising to ₦521.53 billion.
Similarly, BUA Cement Plc's revenue reached ₦1.18 trillion, with profits after tax surging to ₦465.28 billion. The group also implemented an unprecedented employee reward program in December 2025, distributing approximately ₦30 billion to 21 million long-serving employees, with five employees becoming billionaires.
Faruk Umar, President of AARN, highlighted the importance of BUA Group's adherence to strong corporate governance standards.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
BUA Cement AGM 2026: ₦10 Dividend Approved, Directors Re-elected
BUA Foods Proposes N28 Dividend Amid N518.4bn Profit Surge
Abdulsamad Rabiu's Net Worth Rises by $2.2 Billion
BUA Foods Reports N1.77trn Revenue, Proposes N28 Dividend
BUA Foods Reports N521.5 Billion Pre-Tax Profit for 2025
BUA Chairman Abdul Samad Rabiu Visits President Tinubu
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
