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Dangote Sugar posts N36.27 billion profit in nine months  

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Aliko Dangote

 

Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022. According to the sugar refiner’s unaudited results posted on the Nigerian Exchange portal, PBT rose by N13.17 billion compared to N23.10 billion posted in the corresponding period in 2022.

Profit after tax (PAT) rose from N15.51 billion to N24.83 billion while revenue went up from N195.50 billion to N288.32 billion.

Group managing director, Dangote Sugar Refinery Plc, Ravindra Singhvi in his remarks attributed the positive results in the nine months to key trade interventions introduced during the year and   positive market responses. He said, “Our impressive performance in the period demonstrates our resilience in the face of prevalent challenges, which rightly reflected in strong topline growth shown in the financial results.”

Dangote: Priority Investments in Infrastructure, Core Industries will Boost Nigeria’s Economy

It should be recalled that Dangote Sugar Refinery recorded a profit before tax (PBT) of N29.73 billion for the half year ended June 30, 2022 while profit after tax (PAT) hit N20.24 billion in that period.

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Meanwhile, Dangote Sugar Refinery has continued to implement its sugar backward integration projects plans and the enhancement of its Outgrowers Scheme to support the economic growth of the immediate communities. The aim is to develop a robust outgrower scheme with about 5,000 outgrowers when the projects have fully taken off, in addition to the achievement of other targets of its Sugar for Nigeria Project plan.

The key focus is of the sugar refiner is achievement of the Dangote Sugar Backward Integration Projects targets and put Nigeria on the path of sugar self-sufficiency and the world sugar map.

Employee Health & Safety as well as that of its partners remains a top priority at the company’s operations at the Apapa Refinery, its Sugar Backward Integration Operations in Numan, Adamawa State and Tunga, Nasarawa State. All processes are in compliance with stipulated health and safety protocols.

Dangote Sugar Refinery is Nigeria’s largest producer of household and commercial sugar with 1.44M MT refining capacity at the same location, refines raw sugar imported from Brazil to white, Vitamin A fortified refined granulated white sugar suitable for household and industrial uses.

Its Backward Integration goal is to become a global force in sugar production, by producing 1.5M MT/PA of refined sugar from locally grown sugar cane for the domestic and export markets.

To achieve this, Dangote Sugar Refinery Plc acquired DSR Numan Operations (Savannah Sugar Company Limited), located in Numan, Adamawa State in December 2012, and embarked on the ongoing rehabilitation of its facilities and expansion of its 32,000 hectares’ sugarcane estate.

In September 2020, the scheme of merger between DSR and Savannah Sugar Company Limited was completed which gave birth to a bigger and stronger business with considerable opportunity for growth and delivery of superior benefits to all stakeholders. The expansion of the Numan sugar estate is still ongoing as well as the development of the greenfield site acquired at Tunga, Nasarawa State for the achievement of DSR’s sugar for Nigeria development master plan.

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New Defense Minister GC Musa Takes Oath of Office

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By Yusuf Danjuma Yunusa

President Bola Tinubu has sworn in General Christopher Musa (retd.) as the new Minister of Defence.

Musa, a former Chief of Defence Staff, took the oath of office on Thursday at the State House, Abuja.

Nigerian Tracker News had reported that the Senate on Wednesday confirmed Musa as Minister of Defence following a rigorous five-hour screening.

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During the session, the former CDS was grilled over recent security lapses, including the controversial withdrawal of troops from Government Comprehensive Girls Secondary School, Maga, in Kebbi State, shortly before schoolgirls were abducted on November 17.

He told lawmakers he would “immediately set up a full-scale investigation” into the troop withdrawal once he assumes duty.

Musa also vowed to probe the killing of Brigade Commander Brig-Gen. Musa Uba in Borno State, along with other attacks on senior military officers.

Musa’s nomination followed the resignation of former Defence Minister, Mohammed Badaru, reportedly on health grounds.

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KANSIEC Appoints Adhoc Staff for Ward Bye-Elections

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Prof Sani Lawal Malumfashi KANSIEC Chairman

 

The Chairman of the Kano State Independent Electoral Commission (KANSIEC), Professor Sani Lawal Malumfashi, has issued appointment letters to adhoc staff for the upcoming ward bye-elections in three local government areas of the state.

During the presentation of the appointment letters, Professor Malumfashi urged the adhoc staff to justify the trust and confidence the commission has reposed in them.

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He expressed his confidence in their ability to discharge their duties based on their level of education, experience, and track record of honesty and dedication.

The adhoc positions include 3 Returning Officers, 3 Electoral Officers, and 3 Assistant Electoral Officers for Dala (Kofar Mazugal), Dogowa (Maraku), and Ghari (Matan Fata) wards.

In a statement signed by Bashir Habib Yahaya media aid to the executive chairman said the Chairman appreciated security agencies, politicians, and the general public for their support and cooperation. The bye-elections are scheduled to hold on December 13, 2025.

 

 

 

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One Kano Agenda Raises Alarm Over Rising Insecurity

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Civic platform One Kano Agenda has raised alarm over rising insecurity in Kano State, warning that abductions, attacks, and suspicious activities are threatening both residents and the wider Northern region. The group made the call during a press conference in Kano on Wednesday , stressing that the state’s reputation for peace and hospitality is under strain.

According to the group adressed by its Chairman Abbas Abdullahi Yakasai said credible reports have emerged of unidentified individuals operating commercial motorcycles across several communities, particularly in Kano North.

Many of these individuals reportedly do not speak fluent Hausa, fueling suspicion among locals. The organization commended the Kano State Government for swiftly banning motorcycles in the metropolis and praised Governor Abba Kabir Yusuf’s introduction of the Safe Corridor program, which has absorbed over 2,000 youths into community security and intelligence structures.

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According to Abbas initiative said for the first time in Kano’s history that insecurity is being tackled through both rehabilitation and enforcement. Previous administrations, it noted, relied largely on force and political alliances. Residents were urged to report suspicious activities, avoid direct confrontation, and remain vigilant.

Abbas Abdullahi Yakasai further called on Emirate Councils and traditional leaders to strengthen coordination with district and village heads to ensure swift information flow to security agencies. The group also urged community members to cooperate fully with police, vigilante units, and intelligence frameworks, while encouraging security agencies to intensify patrols and surveillance, especially in border and transport areas.

The organization expressed concern over what it described as “reckless politicization” of security challenges by certain media outlets and political actors. It accused some of exploiting the situation for personal gain, pointing to reports of police redeployment from flashpoints to cemeteries, leaving vulnerable communities exposed. “Such actions embolden criminal elements to see Kano as a safe haven,” the group warned.

On recent directives involving a former governor and a senator, One Kano Agenda stressed the importance of due process and professionalism. It urged security agencies to act transparently and in compliance with constitutional provisions, regardless of the individuals’ status.

In its closing remarks, the civic platform announced plans for a “Peace Walk” and “Prayer for Divine Intervention” to unite residents and foster solidarity. Abbas Abdullahi Yakasai said the initiative, it said, would appeal for divine protection over Kano and Northern Nigeria. The group urged stakeholders, especially media and political actors, to prioritize public safety over personal gain.

 

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