FG Plans $350m Savings, Targets 100,000 Jobs in Sugar Production The Federal Government says it has approved Phase II of its 10-year National Sugar Masterplan with the goals of creating 110,000 new jobs and saving $350m yearly. The Minister of Industry, Trade and Investment, Niyi Adebayo,...

Flour Mills Attack BUA Over Alleged Sugar Sale Suspension -Dangote Dangote Gains As BUA Owner, Abdulsamad Loses N12.47bn Amid Sugar Price Allegation. The cold war between Dangote Sugar Refinery Plc, Flour Mills of Nigeria Plc and BUA Foods Plc has continued to fester to the point...

The two major sugar manufacturers in Nigeria are up in arms against each other as they throw accusations of wanting to create artificial scarcity of sugar. The two major sugar manufacturers in Nigeria are up in arms against each other as they throw accusations of...

NPTF Scandal: Why ICPC Invited DG Budget, Dangote Executive Director The invitation extended to Director General Budget Office, Mr. Ben. Akabueze and Executive Director at Dangote Groups, Engr. Mansur Ahmed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) was not because they...

Dangote Commits $700m To Sugar Production     The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According to a statement issued...

BUA, Dangote and Price Fixing War, by Muhammad Sagir Bauchi Around October 1929, values of stocks in the New York Stock Exchange (NSE) market dropped to an unprecedented record level. Within three days, many investors loss about five billion dollars. Towards the end of the...