Dangote Sugar Seeks N50 Billion Through Commercial Paper Issuance

Dangote Sugar Refinery Plc (NGX: DANGSUGAR) 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 (NGX: STANBIC) 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.