BUA Foods Plc reported a 20% increase in its total assets, reaching N1.67 trillion in the first half of 2026. This growth is attributed to strong profitability and strategic expansion initiatives by the company.
BUA Foods plans to expand its flour, pasta, and edible oil production, launch a noodles business, and invest further in agriculture to boost local food production and affordability in Nigeria.
Alhaji Abdul Samad Rabiu, Chairman of BUA Foods Plc, has urged for increased government and private sector investment in agriculture in Nigeria to address hunger, following his company's report of a ₦518.4bn profit after tax.
BUA Foods Plc has been recognized in the 2026 edition of the Financial Times’ Africa’s Fastest Growing Companies ranking. This acknowledgment reinforces the company's position as a leading industrial growth story in Africa.
Dr. Ayodele Musibau Abioye, Managing Director of BUA Foods Plc, is slated to deliver the keynote address at the 2026 Industry Summit, which aims to accelerate growth in Nigeria's real sector.
BUA Foods Plc announced a N292.27 billion profit after tax for the first half of 2026, marking a 12% increase, attributed to efficiency and cost management despite a 16% decline in revenue.
The Chairman of BUA Foods Plc, Alh. Abdul Samad Rabiu, emphasized that significant investments in agriculture by both government and private sectors are crucial for Nigeria to overcome hunger.
BUA Foods is seeking shareholder approval for a ₦504 billion dividend payment and will also consider the company's audited financial statements for the year ended December 31, 2025.
A Yobe State High Court has handed down a 37-year prison sentence to Sadiq Abubakar for his involvement in a N29.17 million procurement fraud. The fraud involved false claims of affiliation with BUA Foods Plc.
Dr. Ayodele Abioye, MD of BUA Foods, is scheduled to speak at a summit about the company's contributions to transforming Nigeria's real sector through innovation and sustainability.
The Nigerian stock market experienced a significant downturn, shedding N800bn as profit-taking halted a recent rally, impacting key stocks like Nestle and BUA Foods.
BUA Foods plans significant expansion in flour, pasta, and edible oils production following a N504bn dividend, aiming to boost local food production and affordability in Nigeria.
Major food businesses in Nigeria, including BUA Foods, have managed to prosper despite widespread insecurity and a cost-of-living crisis, driven by essential consumer demand.
Nigerian industrial and financial leaders, Abdul Samad Rabiu of BUA Group and Tony Elumelu of UBA, are deepening their partnership to foster Nigeria's industrial growth, as BUA Foods reports N1.77 trillion in revenue.