Page 2 - தேசிய சர்க்கரை குரு திட்டம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Nigeria eyes Africa s 11m metric tons of sugar demand
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Attaining self-sufficiency in sugar production in Nigeria
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Obinna Chima
The Central Bank of Nigeria (CBN) yesterday stated that sugar importation in the country can only be done by Dangote Sugar Refinery Plc, Golden Sugar Company, owned by Flour Mills of Nigeria Plc and BUA Sugar Refinery Limited.
The central bank disclosed this in a circular dated July 16, titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, a copy of which was posted on the regulator’s website yesterday.
The CBN hinged its reason for selecting the aforementioned sugar manufacturers on the fact that the three companies had made reasonable progress in achieving backward integration in the sector.
Focus
Aimed at attracting foreign investments to France, the Choose France Summit held in Versailles, June 28, was of a different hue this time. It saw the inauguration of the French Nigeria Business Council to facilitate business cooperation between both countries as President Emmanuel Macron appointed BUA Group Chairman, Abdul Samad Rabiu, the inaugural president of the council. But that is not the story. There were other scenes at the summit generating talking points in the African business circuit. Chiefly, the attendance of Globacom chairman, Mike Adenuga Jnr, his obvious great stature and healthier look, and the reunion of otherwise sworn enemies, billionaires Aliko Dangote and Abdul Samad Rabiu, attracted people’s interests. Lanre Alfred writes
Flour Mills Signs $300m Sugar Production Deal with Nasarawa
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