Dangote Sugar hits sweet spot with 33% y/y revenue growth to N214.3bn

Gross profit rose 40.4% y/y to N53.7bn despite a covid-19 disrupted economy Charles Abuede   Dangote Sugar Refinery (DSR) Plc, a subsidiary of Dangote Industries Limited, hit the sweet spot in its 2020 numbers despite the coronavirus pandemic, reporting a substantial double digit revenue growth of 33 per cent year on year to N214.3 billion […]

Flour Mills’ N50bn sugar estate commitment could raise output by 100,00mts

The Flour Mills Group’s investment of N50 billion in Sunti Golden Sugar Estates Ltd., Mokwa, Niger State is set to raise Nigeria’s sugar output by 100,000metrics, according to the group. The estate commissioned by president Mohammadu Buhari is expected to convert one million tons of sugarcane into 100,000 metric tons of sugar annually, create about […]

Nigeria’s top sugar producer sees sales boost as economy recovers

Dangote Sugar

Nigeria’s top sugar producer, owned by Africa’s richest man, Aliko Dangote, forecasts its sales volumes could rise as much as 25 percent in 2018, according to Abdullahi Sule, the company’s managing director. Reviving economic activity in Africa’s most populous nation means Nigerians are indulging their sweet tooth again. According to Bloomberg’s report, Sule, Dangote Sugar Refinery […]

Dangote Group signs $450m memorandum of understanding with Niger State on sugar production

Dangote Cement

In a move to achieve self-sufficiency in sugar production in the country through government’s backward integration policy, pan-African conglomerate, Dangote Group, Wednesday signed a memorandum of understanding (MoU) with Niger State government in Nigeria for the building of a $450 million state-of–art and fully integrated sugar complex. According to Aliko Dangote, president of the group, […]