Rabiu Abdulsamad loses N12.47bn as BUA Foods shares slump amid sugar price allegation
The wealth of Nigerian billionaire, Rabiu Abdulsamad, dwindled by -0.44% on Monday after shares of his company, BUA Foods, plummeted following trading hours in the Nigerian bourse. BUA Foods’ stock slumped in value by -1.45% hours after report emerged that the company won’t be joining Dangote Sugar and Flour Mills of Nigeria (FMN) to allegedly […]
Read Full StorySugar Importation Ban: Dangote Commits $700 Million To Sugar Refinery
The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the […]
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