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Dangote Sugar plans N500 billion rights issue for growth strategy

Dangote Sugar Refinery Plc has announced plans to raise up to $500 billion through a rights issue, pending regulatory approval, in a major capital mobilization effort to strengthen its balance sheet and fund long-term expansion. The proposal was made known in a statement signed by the Company Secretary, Mrs Temitope Hassan, following the 20th Annual General Meeting of the Company …

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ADC rejects PRP talks and vows to reverse INEC action on party leadership – THIS UPDATE

By Victor Osula, Abuja The African Democratic Congress (ADC) has dismissed reports of ongoing coalition talks with the Peoples Redemption Party (PRP), saying its main focus is a determined legal effort to overturn what it described as “illegal” actions taken against its leadership by the Independent National Electoral Commission (INEC). In a statement released on Monday, the party’s national publicity …

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