Dangote Sugar Refinery Plc’s series 10-12 Commercial Paper offer of up to N100 billion has opened.
This CPs offer is under its N300billion Commercial Paper Issuance Programme.
The Company is a subsidiary of Dangote Industries Limited and engaged in the refining, distributing, and marketing of granulated sugar to wholesalers and top players in the skin care, food and beverage, and pharmaceutical industries.
The offer which is now open is scheduled to close on Wednesday June 25, 2025.
Read also: No justification for 1,200% jump in sugar tax, ThinkBusiness Africa tells CAPPA
DSR is Sub-Saharan Africa’s largest sugar refinery, with a combined installed refining capacity of 1.49 MMT per annum. In the medium term, the Company is targeting additional 1.5MMT of refined sugar from locally grown sugarcane and is on track to becoming a leading global integrated sugar producer with its backward integration plan.
In February, Dangote Sugar Refinery Plc shopped up to N50 billion by offering Series 8 and 9 Commercial Paper under its N150billion Commercial Paper Issuance Programme. The offer closed on Thursday February 20, 2025.
Recently, Dangote Sugar Refinery Plc announced the retirement of its chairman of the Board of Directors of the Company, Aliko Dangote effective June 16, 2025.
His exit is in line with the principles of good corporate governance and succession planning of the company.
Aliko Dangote is one of the founding Directors of the Company, and has served with exceptional leadership, integrity, and vision since 2005.
Under his leadership, Dangote Sugar Refinery Plc. transformed, navigated significant industry developments, delivered consistent shareholder value, and maintained a strong focus on good governance, and long-term growth evidenced by its extensive Backward Integration Projects in Adamawa, Taraba and Nasarawa State.
He also played an instrumental role in shaping the Company’s strategy and culture thereby building a robust foundation for growth and sustenance.
Read also: Dangote Sugar’s new chair Arnold Ekpe seen upending firm’s losses
Following a rigorous selection and transition process, the Board has appointed Arnold Ekpe, Independent Non-Executive Director as the new Chairman of Dangote Sugar Refinery Plc effective June 16, 2025.
Ekpe brings with him a wealth of experience, having held senior leadership roles in the banking sector and other key industries. His strategic acumen, deep understanding of corporate governance, and commitment to stakeholder value make him well-positioned to lead the Board “as we continue to build on our strong foundations and pursue sustainable growth”, the company said.
