Page 10 - Backward Integration Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Project lawful, will checkmate arbitrary price hike, create jobs, says Rabiu The Chairman, Dangote Industries Limited, Alhaji Aliko Dangote, alongside Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, have said the establishment of a new sugar refinery plant in the country poses a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of the country’s local sugar industry. They argued that the country currently had enough refining capacity to meet national demand. In a joint petition to the Minister of Industry, Trade and Investment, Mr. Niyi A...

Views: 125 Dangote Sugar Refinery PLC (DSR) has reacted to what it described as an online publication claiming that the company is engaging in price-fixing and is not honestly engaged in any Backward Integration Programme,as claimed. In a statement on Thursday, Dangote Sugar vehemently refuted the allegations and assertions in their entirety.The statement further said the false allegations are geared at tarnishing the good name and brand of Dangote Sugar Refinery Plc and Dangote Industries Limited. “DSR does not engage in artificial price manipulation of its products, either during the Hol...

•Dangote Sugar denies involvement in price fixing James Emejo in Abuja Africa’s richest man and Chairman of Dangote Industries Limited, Alhaji Aliko Dangote, and the Chairman of Flour Mills of Nigeria Plc, Mr. John Coumantaros, have said the establishment of a new sugar refinery plant in the country by BUA Group posed a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of Nigeria’s local sugar industry. They argued that the country currently has enough refining capacity to meet national demand. In a joint petition to the Minister of Industry, Tr...

Crediting institutional reforms at the Sugar Council Dr. Latif Demola Busari   Whatever that has a beginning, surely and naturally too, has an end. In same manner and fashion, every story, journey, odyssey, reign, expedition or human activity has an end, but conversely, every ending is equally a new beginning.  Essentially, our sojourn here on earth is marked by a beginning and an end. For Dr. Latif Demola Busari, whose four year’s tenure and final term as the Executive Secretary of the National Sugar Development Council reaches its crescendo this week, having been earlier reappointed for...

The Chairman and Founder of the BUA Group, Alhaji Abdulsamad Rabiu in this interview spoke about a wide range of issues which included opportunities in the African Continental Free Trade Area agreement as well as the need to liberalise the cement industry so as to boost production and subsequently crash the price of the commodity. Obinna Chima and Goddy Egene provide the excerpts: The BUA Group recently sealed a deal for a refinery project, can you take us through the expectations from that project and when is it expected to be commence production? Nigeria is consuming a lot of petroleum prod...