Dangote Sugar Seeks N50 Billion Through Commercial Paper Issuance
Dangote Sugar Refinery Plc is seeking N50 billion from the issuance of series 15 & 16 Commercial Papers under a N300 billion program. The issuance is set to close on October 15, 2025, with Stanbic IBTC Capital Limited, Absa Capital Market Nigeria Limited, and Greenwich Merchant Bank Limited as lead arrangers.
The company's half-year financials for 2025 reveal a revenue increase to N430.211 billion from N295.624 billion in the same period in 2024. Dangote Sugar Refinery aims to expand its sugar refining capacity and become a global leader in sugar production.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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