Nigerian billionaire Abdulsamad Rabiu has emerged as the biggest winner in Nigeria’s stock market in 2025, surpassing Aliko Dangote.
Rabiu’s net worth increased by an estimated N9.23 trillion ($22.5 billion), driven by strong performances of BUA Cement Plc and BUA Foods Plc, which rose 91.94% and 92.51%, respectively.
His net worth is now estimated at $10 billion.
The BUA Group founder’s success can be attributed to his diversified portfolio, which includes cement, food, and sugar production.
BUA Cement’s share price surge is a testament to the company’s strong market position and Rabiu’s effective leadership.
Dangote, Africa’s richest man, added approximately N1.93 trillion to his wealth, largely due to Dangote Cement Plc’s 27% share price increase.
His net worth currently stands at $26.2 billion, maintaining his position as Africa’s richest man.
Other notable Nigerian billionaires who benefited from the stock market rally include Femi Otedola, who gained N67.45 billion, and Mike Adenuga, who experienced a loss of N120.65 billion due to a decline in Conoil Plc shares.
The Nigerian stock market’s strong performance in 2025 is a reflection of the country’s improving economic prospects and growing investor confidence.
The market’s growth has been driven by various factors, including reforms, increased foreign investment, and a stable macroeconomic environment.
