Dangote Sugar

The Backward Integration Policy of the Federal Government on Sugar will soon have a significant impact on Sugar production in Nigeria, as the Management of Dangote Sugar Plc is targeting an annual production of 1.5 million metric tons of…

The Dangote Sugar Refinery (DSR) said it employs about 7,000 workers yearly in its Backward Integration Project (BIP) in Numan, Adamawa State. Speaking during a media tour of the company in Numan, the company’s Group General Manager,…

At N1.50 kobo per share, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion in dividends to shareholders for the Year 2022  despite the economic headwinds. The company is also targeting the production of over 170,000…

Dangote Sugar Refinery Plc has resolved to cut sugar import 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained that it was embarking on Phase II of its Sugar…

The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According…

Dangote Sugar Refinery sweetened its operational functions in the third quarter and built an after tax profit of over N15 billion for the quarter. The figure is four times the profit of N3.7 billion the company reported for the third…

The transaction on the Nigerian equity market was negative for the second day running as stocks fell by N265 billion on Friday. The All Share Index (ASI) decreased by 1.46% to close at 34,136.82 basic point as against the 0.50 it dropped…

The gain recorded on Wednesday on the floor of the Nigerian Stock Exchange, (NSE) was halted 24 hours later as shares fell on Thursday. The All shares Index (ASI) dropped from 34,818.01 basic point on Wednesday to 34,643.65 basic point,…

For the third consecutive trading days, the Nigerian Stock market suffered yet another loss, as the All-Share Index, ASI dipped by 1.58 per cent on the back of the drop in the value of major brands on Tuesday. Tuesday's fall in the…

Dangote Sugar Refinery’s major challenge this year is that cost of sales isn’t letting any increase in sales drop down into profit. Management, therefore, has to look elsewhere other than sales revenue in order to build profit. No…