Aliko Dangote's sugar business swings from loss to $30 million H1 profit
Dangote Sugar Refinery posted a ₦41.51 billion half-year profit against a ₦24.27 billion loss a year earlier, as gross margin doubled to 24%.
Dangote Sugar Refinery
Aliko Dangote bets N500 billion on sugar as Nigeria pushes to close 1.2 million-tonne import gap
Aliko Dangote is deploying fresh capital into his sugar business after shareholders approved a N500 billion rights issue to fund an expansion targeting 600,000 metric tonnes of annual output by 2030.
Dangote Sugar cuts losses by 73% as revenue surges to $432.6 million in 2025
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
South African executive Thabo Mabe takes top job at Dangote Sugar Refinery
South African executive Thabo Mabe is set to lead Dangote Sugar, driving $700 million expansion and growth at the sugar producer.
Aliko Dangote launches $700 million plan to boost Nigeria’s sugar output
Dangote begins a $700 million sugar expansion aimed at boosting local output and cutting Nigeria’s import dependence.
Aliko Dangote’s sugar business posts $281 million half-year revenue
Dangote Sugar’s H1 2025 revenue surged 45.53% to $281.7 million, driven by strong 50kg bag sales and demand growth across all key Nigerian regions.
Aliko Dangote's sugar empire posts $133 million revenue in Q1 2025
The strong performance expands its lead as Nigeria’s top food conglomerate.
Dangote Sugar Refinery launches $32 million commercial paper to fund expansion
The Series 7 paper, with a 270-day tenor, offers a 24.5524 percent discount rate and a 30 percent implied yield.
Aliko Dangote’s sugar firm raises $28.8 million via commercial paper
Despite challenges, Dangote Sugar aims to leverage the funds raised from the Notes to meet its operational and growth objectives.
Africa’s richest man Aliko Dangote’s sugar firm to raise $69.56 million via commercial paper
With banks offering limited options, companies like Dangote Sugar are turning to the fixed-income market for alternative financing.
Africa’s richest man Aliko Dangote’s sugar firm aims to end sugar imports by 2028
Dangote highlighted the importance of the government’s national backward integration policy, which aims to create a self-sufficient domestic sugar industry by incentivizing local producers.
Sugar business of Africa’s richest man records nearly $50-million loss in Q1 2024
Dangote Sugar’s $49.6-million first-quarter 2024 loss stemmed primarily from a $74-million foreign exchange loss from the group’s business operations.
Africa’s richest man Aliko Dangote’s sugar firm to boost production to 1.5 million tonnes
Dangote Sugar Refinery currently boasts a refining capacity of 1.44 million metric tonnes, making it Nigeria’s largest household and commercial sugar producer.
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.