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DANGOTE SUGAR
News and analysis about Dangote Sugar
Dangote Sugar Refinery has unveiled its Series 6 and 7 commercial paper offerings, seeking to raise up to N50 billion from the debt market.
The finance costs of major FMCG companies in Nigeria surged by 133.3% year-on-year, reaching N1.074 trillion in the first nine months of 2024 compared to N460.22 billion in 2023.
Dangote Sugar posted a pre-tax loss of N104.6 billion in the second quarter of 2024, marking a 110% year-on-year decline from the N49.9 billion pre-tax loss posted in Q2 2023.
Finance cost of major consumer goods companies listed on the NGX increased by over 1,400% in the first quarter of 2024 when compared to the corresponding period of 2023.
In 2023, Dangote Sugar Refinery’s share price witnessed an impressive 255% year-to-date gain, closing at N57 per share.
Dangote Sugar Refinery is planning a N200 billion multi-instrument issuance, signifying a shift in the company’s financing model towards the debt securities market.
Dangote Sugar Refinery announced the successful issuance of its N42.79 billion Series 4 and 5 commercial papers, issued at 23% and 25% respectively.
Two members of Dangote Group, Dangote Sugar Refinery and National Salt Company posted cumulative equity gains of N59.33 billion, as the Nigerian Exchange continued its bullish run, gaining 0.44% during the day.
The NGX Pension Index is designed to measure the performance of the top 40 companies on the Nigerian Exchange (NGX) in terms of market capitalization and liquidity.
Dangote Sugar Refinery plans to borrow N50 billion each in Series 4 and 5 of its N150 billion Commercial Paper Issuance, amounting to N100 billion to be raised from the Series 4 and 5 CP issuances.
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion for the FY 2023. This is according to a review of the 2023 full year financial statement of the major consumer goods companies.
The Chairman of Dangote Sugar Plc, Alhaji Aliko Dangote, says the company plans to end the importation of sugar in the next four years going by efforts in its backward integration policy.