As the sun sets on an era at Dangote Sugar Refinery Plc with the retirement of Aliko Dangote as Chairman, a new chapter opens—not just in leadership, but in funding.
The company has launched a fresh Series 10–12 Commercial Paper offer worth up to ₦100 billion, under its expanded ₦300 billion issuance programme.
This move comes just months after a successful ₦50 billion raise earlier in the year, reinforcing its drive toward becoming a global leader in sugar production.
Market Leader In Refining
As a subsidiary of Dangote Industries Limited, the company refines, distributes, and markets sugar to wholesalers and major players in the skincare, food and beverage, and pharmaceutical sectors.
With an installed refining capacity of 1.49 million metric tonnes (MMT) per year, Dangote Sugar leads the Sub-Saharan African market.
Meanwhile, the company pursues an additional 1.5MMT of output from locally grown sugarcane through its backward integration strategy, aiming to become a global integrated sugar producer.
Also Read: All About Arnold Ekpe, Dangote’s New Chair
Earlier in February 2025, Dangote Sugar raised ₦50 billion through its Series 8 and 9 CP issuance, which closed on 20 February under a ₦150 billion programme.
Leadership Transition
Moving on, on June 16, 2025, Aliko Dangote stepped down as Chairman after nearly two decades.
His leadership drove growth, strategic expansion, and strong governance.
Following this, the Board appointed Independent Non-Executive Director, Arnold Ekpe, as the new Chairman.
With deep experience in banking and corporate leadership, Ekpe aims to guide the company as it builds on strong foundations and pursues sustainable growth.
