May 9, 2021
  • May 9, 2021

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Nigeria can achieve sugar self-sufficiency if…

by on April 22, 2021 0
Nigeria’s sugar industry dates back to the 1960s. Domestic production, however, only supplied about c.2.8 percent of national sugar consumption in 2019, according to the National Sugar Development Council (NSDC). In order to limit unrestricted importation and facilitate domestic production, the Nigerian Sugar Master Plan (NSMP) was approved in 2012. Despite the fact that... Read More

How Kano Gov Ganduje brings Dangote, Isyaka-Rabi’u together to end sugar war

by on April 15, 2021 0
Governor Abdullahi Ganduje of Kano State has stepped in to resolve the constant altercation between Aliko Dangote and Abdussamad Isyaka-Rabi’u, two businessmen from the state. Dangote majorly owns Dangote Group, which includes cement, Sugar Refinery and Cement firms while Isyaka-Rabi’u also invested heavily in cement, Sugar refinery and like his kinsman is involved in... Read More

Bua Cement raises N115 bln 7-year debt at 7.5% fixed rate

by on January 4, 2021 0
BUA Cement has concluded its N115 billion Series 1 Fixed Rate Senior Unsecured Bond Issue under its maiden N200 billion Bond Issuance Programme.According to the company, an application will be made to dual-list the bonds on the relevant exchanges upon receipt of the necessary approvals. The N100 billion has 7-year tenor and was issued... Read More