Dangote’s NASCON Allied Industries Plc relocates operation to boost efficiencies

NIGERIA – NASCON Allied Industries Plc, a food processing company and subsidiary of Dangote Industries, has relocated some of its operations away from the Apapa area of Lagos to Oregun and Port Harcourt. The company engages […]

Government to boost rice sector with US$29m large integrated rice mills

NIGERIA – The Federal government has said that it has allocated more than US$29 million to purchase ten large integrated rice milling machines by December 2019 with an aim to boost rice production in ten […]

Dangote Sugar pay shareholders 192% more in dividends

NIGERIA – Refined sugar manufacturer, Dangote Sugar has increased dividend pay out to shareholders by 192% to US$58.38 million, a move that supports its vision of delivering decent returns on investments. The company also announced […]

Dangote Sugar revenue declines 30.9% on lower prices in the first quarter

NIGERIA – Dangote Sugar Refineries has reported margin expansion amidst slowed sales impacting on revenue, which declined 30.9% to US$113.84 million due to lower prices in the first quarter. The Vanguard reported that although the […]