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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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BREAKING: Delta State Governor Sheriff Oborevwori Dumps PDP ,Joins APC

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In a stunning political twist, Delta State Governor, Rt. Hon. Sheriff Oborevwori, has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

The announcement came after a high-level, closed-door meeting held at the Government House in Asaba, the state capital, on Wednesday afternoon. According to the Governor’s Chief Press Secretary, Sir Festus Ahon, confirmed the move on the phone. The decision follows “wide consultations with political stakeholders and in the interest of Delta’s long-term development.”

Governor Oborevwori, who won the 2023 gubernatorial election under the PDP platform, was received by top APC chieftains in what is now being described as a strategic political realignment ahead of the 2027 general elections.

More to follow….

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Nigeria Customs Service Pledges Cooperation with Online Journalists

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Nigeria Customs Service Pledges Cooperation with Online Journalists and publishers to ensure balanced reporting of its activities. This assurance was given by Comptroller Dalhatu Abubakar, who hosted the leadership of Northern Online Reporters and Publishersat the command’s headquarters in Kano.

Welcoming the delegation, Comptroller Abubakar expressed his willingness to foster a mutually beneficial relationship with online journalists, emphasizing that the command remains open to engagement at all times. In a heartfelt moment, he offered condolences to the President of the Northern online reporters and publishers over the tragic loss of his child, reflecting his deep understanding of the challenges faced by media professionals.

“I am one of you,” he stated, noting his previous role as an Assistant Public Relations Officer (PRO) before attaining the Present position within the customs service. He further highlighted the importance of objective and balanced journalism, encouraging reporters to highlight both the achievements and lapses of the agency in a fair manner.

On his part, Musa Muhammad, President of Northern Online Reporters and Publishers, praised the comptroller for his media-friendly approach, acknowledging that the customs service plays a pivotal role in the country’s economic and security landscape. He assured Comptroller Abubakar that the association would work closely with customs officials to propagate their activities, particularly across all 19 northern states.

Muhammad emphasized the influence of online media in shaping public discourse, stressing that majority of Nigerians now turn to digital platforms for news updates. He assured the customs service that their security operations and enforcement efforts would be duly covered, ensuring transparency and accountability.

Among the notable journalists in attendance were Abbas Yushau Yusuf, publisher of The Nigerian Tracker; Abubakar Abdulkadir Dangambo, publisher of Independent Post; and Hadiza Yusuf representing Prime Time.

The engagement marks a significant step in strengthening the relationship between the Nigeria Customs Service and the media, fostering a partnership rooted in transparency, accountability, and information dissemination to the public.

 

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Fombina Imprints Marks World Book Day with Symposium at KHAIRUN

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To mark the 2025 World Book Day declared by UNESCO, Kano-based publishing outfit Fombina Imprints Limited is organizing an event themed “Crisis of Standards, Decline of Reading Culture, and the Challenges of Publishing in the Digital Era.”

The event, scheduled for Tuesday, April 23, 2025, will take place at Khalifa Isyaku Rabiu University (KHAIRUN) , Kano, and will begin at 10:00 a.m.

The celebration will include a symposium, two panel discussions, a book exhibition, and a book gifting session.

According to the organizers, the activities aim to encourage reading habits among youths, foster discussions around the role of books in education, and examine current issues in the publishing industry.

Speaking ahead of the event, Buhari Abba, the Public Relations Manager of Fombina Imprints, said the occasion is not just to celebrate books but also to raise awareness.

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“This event is a wake-up call to confront the shrinking reading culture among young people, the threats to educational quality, and the survival of publishing in a digital world,” he stated.

The symposium will be chaired by Professor Lukman I. Diso of Bayero University’s Department of Library and Information Sciences. Scholars and experts expected to speak include Professor Asabe Sadiya Mohammed, Provost of Aminu Saleh College of Education, Azare, and Dr. Mohammed Aminu Aliyu from the Department of Economics at BUK.

Two panel sessions will offer space for further engagement. The first, chaired by Dr. Bilkisu Yusuf Ali of Al-Qalam University, will examine “The Challenges of Publishing in the 21st Century” with panelists such as Ado Ahmed Gidan Dabino, Kabiru Musa Jammaje, and Khalid Imam.

The second panel, chaired by Professor Murtala Muhammad of Northwest University, will address “The Challenges of Reading Culture Among Youths.”
Speakers will include journalist Ismail Auwal, poet and creative director Nasiba Babale, HumAngle reporter Aliyu Dahiru, and Sadiya Lawal Danyaro, a lecturer from the Federal University Dutsin-Ma.

Fombina Imprints will also donate books to selected schools, including Government Girls Secondary School, Shekara, and Usman International School, Gandu, Kano.

“Books are not just tools for learning; they are instruments of transformation. We believe in investing in young minds, and this book donation is part of our little way to support education in our community,” Buhari Abba added.

The 2025 World Book Day celebration by Fombina Imprints aims to bring together authors, publishers, scholars, students, and readers to reflect on the role of books in a rapidly changing world.

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