Nigerian billionaire industrialist Abdul Samad Rabiu has seen his net worth drop by 400 million over the past three weeks, following a pullback in the share price of his publicly listed cement company, BUA Cement the countrys second-largest cement producer.
The decline comes after investors on the Nigerian Exchange NGX booked profits following a sharp rise in the companys shares, which had reached levels not seen since February 2024, when the stock peaked at N185 0.12 per share.
Rabius net worth drops 400 million