The Company Secretary of NASCON, A. A. Samuel, disclosed this in a notification sent to the Nigerian Exchange Limited.
Browsing: Dangote Sugar
Speaking at the flag-off ceremony of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa State, Dangote said the company is making massive investments in Adamawa State through the expansion of DSR Numan sugar refining capacity from 3,000 tons of cane per day (tcd) to 6,000 tcd, 9,800 tcd and to 15,000 tcd.
Ravindra Singhvi, Group Managing Director, Dangote Sugar Refinery Plc, made this known in a statement.
It said this on Tuesday in a report by Anthony Chiejina, Group Head, Corporate Communications, Dangote Group.
This volume was said to be achieved on the strength of improved operational efficiency despite the adverse impact of the perennial Apapa traffic gridlock situation.
Bayero visited Dangote pavilion at the ongoing Kano International Trade Fair and was visibly elated by the company’s profile.
The companies participating in the fair are Dangote Cement, Dangote Sugar, NASCON, Dangote Oil Refinery and Dangote Fertiliser.
The News Agency of Nigeria reports that the staff are; Musa Sule, Joseph Ukpah, Babatunde Ajao, Onyekwere Chinedu, Alayande Rahman, Omoro Ezekiel, Abugba Christian Odion and Mannir Mohammed.
Shareholders of DSR during their Extraordinary General Meeting, which was preceded by the 2019 Annual General Meeting, voted in favour of merger of the two companies as the sub-Saharan Africa’s largest sugar refining firm embarked on the next stage of its backward integration plan to revolutionise the sugar sub-sector of the nation’s economy.
The Nigerian equities market sustained negative mood on Tuesday with the market indicators declining further by 0.35 per cent.
Nigeria is currently losing at least 300,000 tonnes of sugar to smuggling annually, the Chairman, Dangote Group, Alhaji Aliko Dangote, has said.
The truck assistant, after killing his boss, allegedly dumped his corpse in Isara area of Ogun State.
The company’s Traffic Manager, Mohammdu Rabiu, revealed this at a stakeholders meeting called at the instance of the Western Naval Command of the Nigerian Navy in Lagos.
The News Agency of Nigeria reports that the All-Share Index rose by 10.64 points or 0.03 per cent to close at 38,924.63 as against 38,913.99 on Monday
At a colourful Gala night, which the distributors were hosted to last night, top performers in each of the six geopolitical zones as well as national leading distributors were duly recognised with plagues and cash rewards of varying amounts
The Committee Chairman, Hon. Abubakar Moriki, who led the team to the Dangote Sugar Refinery in Lagos over the weekend, expressed satisfaction at the level of the backward integration programme, the company has been able to achieve.
Sule, who was represented by the company’s manager, Braimah Ogunwale, said the target was in line with its backward integration master plan
The statement quoted Abdullahi Sule, Dangote Sugar Refinery acting Group Managing Director, as saying that the feat was part of strategic plan to meet its customer’s needs using good manufacturing practices, enhanced food safety culture and management systems
Also, the market capitalisation lost N82 billion or 0.87 per cent to close at N9.295 trillion, compared with N9.377 trillion posted on Thursday.
Nigerian Breweries topped the laggards’ chart, shedding N3.50 to close at N109.50 per share
Similarly, the market capitalisation, which opened at N9.796 trillion, lost N78 billion to close at N9.718 trillion