Nigeria imported 965,000 tonnes of raw sugar between January and June 2022 from Brazil, according to local press reports.
Nigerian government funds irrigation infrastructure to expand cane production to the tune of US$73 million [Full subscriber]
To drive expansion in sugarcane production in the country, the government is to inject US$ 73 million for the development of irrigation infrastructure, Niyi Adebayo, minister of industry, announced on 20th December at a formal gathering.
Nigeria – AFC injects US$200 million in BUA Groups new build sugar project [Full subscriber]
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has approved a US$200 million to complete BUA Group’s vertically integrated sugar facility in Lafiagi, Kwara State, Nigeria.
Nigeria – Dangote Sugar to invest US$1 billion to expand sugar production [Full subscriber]
Dangote Sugar has announced that it plans to spend US$1bn to expand sugar production, reported Bloomberg.
Nigeria – Flour Mills to invest US$300 million in new sugar plant plus cane plantation [Full subscriber]
Flour Mills of Nigeria (FMN), Nigeria’s integrated food business and agro-allied group, recently announced an initial investment of US$300 million to build a new sugar factory in Nasarawa State along with the development of a cane plantation covering 15,000 hectares.
Nigeria – Dangote Sugar shuts down its sugar business in Niger State [Full subscriber]
Dangote Sugar Refinery Plc recently announce the closure of its sugar business in Niger State – under the Dangote Niger Sugar Limited, over a land acquisition dispute which has dragged on, according to local press reports.
Nigeria – Dangote sugar shareholders approve the acquisition of Savannah Sugar [Full subscriber]
The shareholders of Dangote Sugar Refinery Plc (DSR) have endorsed the formal takeover of Savannah Sugar Company Ltd (SSCL), according to local press reports.
Nigeria – President Buhari inaugurates new US$135 mln sugar factory [Registered]
President Muhammadu Buhari on 15th March inaugurated Sunti Golden Sugar Estate in Niger State costing NGN50 billion (US$138.5 mln), according to local press reports.
Nigeria – Chinese company to build a sugar refinery in the Benue State [Registered]
The Chinese company Tidfore Heavy Equipment Group has signed a US$200 million Memorandum of Understanding (MoU), with Benue State government for the construction of a sugar refinery in the state, according to local press reports.
Nigeria – Crystal Sugar plans to build new cane sugar factory [Full subscriber]
Crystal Sugar has concluded plans to establish a sugar factory in Jigawa State, according to local press reports.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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