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Dangote Sugar confirms price increase to address inflation

One of Nigeria’s largest Sugar manufacturers, Dangote Sugar revealed it increased prices in the first quarter of 2021 to mitigate the problems of rising inflation and depreciation.
In a note to investors, the company revealed its recent 41.5% surge in revenues was due to an increase in sales volume as well as an uptick in price. In the first quarter of 2021, Dangote Sugar posted a revenue of N67.39 billion compared to N47.6 billion, the same period in 2020. The increase in price was driven by 5.7% pop in sales volume as the company sold 200,510 tonnes of sugar in the quarter compared to 189, 724 the same period in 2020. ....

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Nigeria's biggest oligopolies: Who are the real beneficiaries?

First came Sugar… then Cement… now, petroleum refining. The cycle of seeking protectionist Backward Integration Policies to protect a few players in limited industries keeps repeating itself. Only in this case, what should strengthen our collective economy is protecting a few big businesses and shutting out others, therefore holding Nigerians to ransom.
Let us say it as it is: We have seen this before, with all sorts of ventures in various sectors. One of Nigeria’s biggest businessmen sets out to enter a new industry in a big way. Government pulls out all the stops to support the actualization of that dream with several incentives because presumably, ....

Port Harcourt , Nigeria General , Abdul Samad Rabiu , Senate Committee , Dangote Group , Backward Integration Policies , Nigerian Sugar Industry , Backward Integration Policy , President Olusegun Obasanjo Led , Flour Mills , Savannah Sugar , Golden Sugar , Bundu Free Zone , Cement Industry , Dangote Cement , Nigerian Cement Industry , Backward Integration , Backwards Integration Policy , Dangote Refinery , போர்த் ஹர்கார்ட் , நைஜீரியா ஜநரல் , செனட் குழு , பின்தங்கிய ஒருங்கிணைப்பு பாலிஸீஸ் , நைஜீரியன் சர்க்கரை தொழில் , பின்தங்கிய ஒருங்கிணைப்பு பாலிஸீ , மாவு ஆலைகள் ,