Dangote Sugar Raises N486bn Rights Issue to Reduce Debt, Strengthen Capital Base
By Adedapo Adesanya Dangote Sugar Refinery Plc, Nigeria’s biggest sugar producer, has raised N486 billion ($356 million) through an oversubscribed rights issue as the company moves to reduce its debt burden and strengthen its capital base after three consecutive years of losses. The company, founded by Mr Aliko Dangote, raised the funds through the issuance […]