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Tag: Dangote Sugar

Dangote Sugar exceeds N1tn market cap level 
Business

Dangote Sugar plans ₦500bn rights issue for growth

Dangote Sugar Refinery Plc has announced plans to raise up to N500 billion through a Rights Issue, subject to regulatory approvals. This is part of efforts to strengthen its capital base and support future growth. The development was disclosed in a statement signed by the Company Secretary, Mrs. Temitope Hassan, following the company’s 20th Annual […]

Dangote Sugar exceeds N1tn market cap level 
Business

Minister tasks Dangote Sugar on 600000 tonnes capacity by 2030

The Minister of State for Industry, Senator John Owan Enoh, has tasked the management of the Dangote Group of Companies to expand the annual production capacity of its subsidiary, the Dangote Sugar Refinery, to 600,000 metric tonnes by the year 2030. The Minister, accompanied by Kamar Bakrin, Executive Secretary of the National Sugar Development Council, […]

Dangote Sugar loses N172bn in forex, ends 2023 with N108.9bn loss
News

Dangote Sugar loses N172bn in forex, ends 2023 with N108.9bn loss

Melvin Onwubuke Dangote Sugar Refinery Plc has reported a loss before tax of N108.92 billion compared to a pre-tax profit of N82.3 billion a year earlier. The company notes that these losses are mainly due to a significant depreciation of the naira, which has in general reduced operating profits for many manufacturers in Nigeria. Dangote […]

Dangote, PH refineries risk oil shortage due to poor production - FG
Business

Raw materials gulp N534bn in Dangote firm, BUA Foods

More than N534 billion was spent on raw materials by food firms BUA Foods, Dangote Sugar Refineries Plc, and Nason Allied Industries Plc in September 2023. According to The Punch, the three listed corporations spent a total of N534.09 billion on raw materials during the review period. This represents an increase of 18.10 percent over […]

Equity market loses N92bn as stocks tumbles
Business

GSK, Dangote Sugar boosts stock market by 0.22%

The Nigerian Exchange Limited All-Share Index increased by 0.22 percent at the conclusion of the previous week due to gains in the stocks of Dangote Sugar Refinery Plc (25%) and Glaxo Smithkline Consumer Nigeria Plc (20.27%). The Punch reported that the market capitalization increased to N35.48 trillion from N35.4 trillion the previous week, giving investors a […]

Dangote's daughter Mariya named Dangote Sugar Executive Director
Appointments

Dangote’s daughter Mariya named Dangote Sugar Executive Director

The board of directors of Dangote Sugar Refinery Plc. has appointed the daughter of Aliko Dangote, Mariya Aliko Dangote as Executive Director. This information was provided in a formal statement sent to Nigeria Exchange Limited and signed by the company secretary, Mrs. Temitope Hassan. According to the statement: “The Dangote Sugar Refinery Plc (the Company) Board of […]

Dangote Sugar names Lawan Wabi non-executive director
Foods

Dangote Sugar names Lawan Wabi non-executive director

Mrs. Yabawa Lawan Wabi has been appointed by the board of directors of Dangote Sugar Refinery Plc  as an independent Non-Executive Director. Nairametrics reported that the appointment was disclosed in a notice to the Nigerian Exchange Limited The nomination was approved by the board at its meeting on February 28, 2023, according to a statement […]

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