Nigeria’s largest sugar producer, Dangote Sugar Refinery declared a profit before tax of N34.6 billion for the financial year ended December 31, 2018. A breakdown of the result released on the floor of the Nigerian Stock Exchange (NSE) indicated that while gross profit stood at N39.7 billion, the refinery earned a revenue of N150.4 billion.
- 7:02 pmAbsa Group 2022 interim earnings increase 27%; demonstrate continued strong recovery
- 6:03 pmFBNBank Ghana delivers on promise to focus on youth
- 3:07 pmLandwey Investment set to deliver 2,000 home units to Nigerians in three years
- 2:54 pmHow the Central Bank’s increased repo rate will tame soaring inflation
- 11:06 amStaco Insurance appoints Wale Banmore as new CEO
On completion, according to the President of the Group Aliko Dangote, the project will generate over 15,000 jobs in the state The $450million pact which was signed in the government house will see the company producing raw sugarcane on 16,000 hectares of land In another bold move for self-sufficiency in sugar production through the government’s