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 25th June, 2025.
Sub-Saharan Africa’s largest sugar refinery, DSR, 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 bringing Series 8 and 9 Commercial Paper under its N150billion Commercial Paper Issuance Programme. The offer closed on the 20th of February, 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.
He also played a pivotal role in grooming the Company’s strategy and culture thereby building a robust foundation for growth and sustenance.
The Board has appointed Arnold Ekpe after rigorous selection process, Independent Non-Executive Director as the new Chairman of Dangote Sugar Refinery Plc effective June 16, 2025.
Ekpe has come with a wealth of experience, as he has previously held senior leadership roles in the banking sector and other key industries. His analytic skill, 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.