Author Archives: Ruth Omoteso

United Capital Plc in its published Audited Financial Statement for the year ended 31 December 2021 declared a final dividend of N1.50 to its shareholders. The reports shows year on year growth in the Company’s top line and bottom line figures for the period under review. A turnover of N18.065 billion was reported for the 12 months […]

Dangote Sugar Refinery Plc has debunked the false allegation of Artificial Scarcity of Sugar being circulated on the media by BUA Foods alleging that Dangote Sugar has suspended the sale of Sugar in a bid to create artificial scarcity, force prices to artificially go up. There is also allegation that the company is blackmailing the government to[…]

Dangote Sugar Refinery and Flour Mills of Nigeria have reacted to the rumor being circulated on the media by BUA Foods of suspended sugar sales by the two companies in order to create artificial scarcity and force prices to go up. Dangote Sugar in a notice to the Nigerian Exchange stated thus: “In compliance with the requirements of[…]