The Nigerian local bourse on Thursday lost all the gain recorded in Wednesday's session to return to the bearish territory as it dropped by 3.12%.
Dangote Sugar has stopped trading on its shares at the Nigerian Stock Exchange (NSE) following the announcement of its closed period.
Aliko Dangote said he believes that in the next two years, his group of companies will start generating an annual turnover of $30 billion.
Flour Mills of Nigeria Plc (FMN) and Dangote Sugar have continued to invest massively in the production of sugar in Nigeria.
Dangote Sugar in its recently released 9M 2019 financials reported a marginal y/y growth in revenue to N117.4 billion in 9M 2019.
Dangote Sugar, in its recently released 9M 2019 financials, reported 0.6% y/y rise in revenue to N117.4 billion in 9M 2019.
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Dangote Sugar Refinery (DSR) reported H1 2019 Revenue of N80.4 billion, a 4.4% y/y decline from H1 2018 Revenue of N84.1 billion.
@nsenigeria ended Wednesday’s trading session in negative territory with @Dangote_Sugar among the top losers.
Efforts by the Government to curb importation of sugar has failed as report shows that Nigeria currently spends N57.2 billion on sugar importation.