Leo Stan, Zinox Boss, Honored By Forbes With Best Of Africa Tech Icon Award

Esan Bolaji
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Leo Stan, Zinox Boss, Honored By Forbes With Best Of Africa Tech Icon Award

Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh, has been honoured with the highly coveted Forbes Best of Africa Leading Tech Icon Award. Ekeh was conferred with the prestigious award on Friday, August 6, 2021.

The well-deserved accolade marks the latest in a long list of credible local and international awards and recognitions received by Ekeh for his over three decades of leadership and pioneering entrepreneurship in the Information and Communications Technology (ICT) space in Africa, as well as his many enduring philanthropic and humanitarian legacies.

Leo Stan
Zinox Group Chairman, Leo Stan Ekeh

The Zinox boss was singled out for founding the most integrated ICT group in Africa with influence in four continents. He was also honoured for pioneering e-Commerce, Desktop Publishing and Computer Graphics, Wireless Cloud and WiMAX, the first locally assembled and internationally certified computer brand – Zinox, digital dispensing pumps for fuel and gas stations as well as the biometric revolution for elections, among others in Africa.

Leo stan
Forbes Award

Leo Stan Ekeh, who has earned over 60 international and local awards over many years of incisive entrepreneurship, was equally singled out and honoured by President Olusegun Obasanjo on the occasion of Nigeria’s Independence Anniversary on October 1st, 2001 with an ICON OF HOPE award as a pride to modern Nigeria and as a model for Nigerian youths.

Again, President Obasanjo honoured him with another national award – the Order of the Federal Republic (OFR) in 2003. A Fellow of the Nigeria Computer Society, the umbrella body of all computer associations in Nigeria, he was also awarded the pioneer ICT Personality of the Year by this professional body.

In November 2019, Ekeh was honoured by President Muhammadu Buhari with the National Productivity Order of Merit award for his sustained leadership in the area of Information and Communications Technology (ICT). With over four Doctorate Degrees (Honorary) and fifteen fellowships from recognized institutions and as a former global advisor to Microsoft, the leadership of Forbes praised his outstanding entrepreneurship.

In his acceptance speech, Ekeh expressed gratitude to Forbes and the Foreign Investment Network (FIN) for the recognition. Also, he reaffirmed his often-stated interest in technology as a game-changer, while also expressing his passion for humanity which he revealed is driven by access to education and quality health.

Further, he appreciated Nigerians and their leadership and Africans by extension for trusting him and his colleagues’ ingenuity across his technology group.

Ekeh said: ‘‘The 21st Century is one in which the impact of technology in the affairs of nations and in the lives of individuals cannot be wished away. Indeed, the world is currently a technology-mediated global village, with technology remaining, as I have often stated in some of my public talks, arguably the only profession in the world today that can transform an indigent child or youth into the richest person in the world.

‘‘With the Zinox Group, which includes over eight successful entities across verticals in the technology space, we have been able to bring to reality the power of technology in transforming lives, ushering many into the digital ecosystem and solving complex problems.

‘‘I must also not fail to mention the Konga Group, an e-commerce platform which was acquired by Zinox in 2018 and which today, has grown into the leading player on the African continent. Through these companies, we have provided meaningful direct employment opportunities for over 5000 people and over 250,000 indirect employment opportunities for individuals, merchants and other beneficiaries.

‘‘If I had not made the decision to return to my first love – technology – after my educational sojourn abroad, I doubt I would have been able to contribute my little quota in reshaping the lives of thousands of African youths as we have done today,’’ he enthused.

The Forbes Best of Africa Awards 2021 aims to recognize and reward change-makers, individuals and organizations that have made a remarkable difference on the African continent, improving the lives of millions across the region in the areas of entrepreneurship, technology, leadership, vision and influence despite the challenges posed by the COVID-19 pandemic.

Among the dignitaries that graced the occasion was the Vice President, Prof. Yemi Osinbajo (SAN) represented by the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo and the King of Lesotho Kingdom, His Majesty Letsie III David Mohato Seeiso, among others.

Other awardees include renowned cleric and Metropolitan Senior Pastor of House on the Rock, Pastor Paul Adefarasin; Founder and Executive Chairman of Online Integrated Solutions Ltd (OIS), Mahmood Ahmadu; Ghanaian industrialist and philanthropist, Nana Kwame Bediako; South African businesswoman and philanthropist, Wendy Ackerman; Lesotho’s leading business magnate, Sam Matekane; Zimbabwean businessman, Ken Sharpe; Rwandan Minister of Infrastructure, Clever Gatete; Zambian-based business magnate, Dr. Rajan Mahtani and Group Chairman, FIN, Mrs. Olayinka Fayomi.

What to Know Before You Start Playing Online Casinos in South Africa?

Esan Bolaji
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What to Know Before You Start Playing Online Casinos in South Africa?

Over the last decade, online gambling has blossomed into a multibillion-dollar industry, attracting a whole new demographic who may not have ever set foot in a brick-and-mortar casino. The COVID-19 pandemic has left us finding socially distanced forms of entertainment, and online gaming, including casino games, has grown even more popular, with cutting edge graphics, gameplay and VR capabilities that make great use of the technology of modern mobile devices.

Online Casinos
Online Casinos

Online casinos are popular the world over but often fall under different laws and regulations depending on which country you’re in. South Africa doesn’t have legal online casinos, so punters have to use offshore options. There are other things to take into account as well, security, payment options and more, which you should investigate before you start playing. Let’s take a closer look.

The legality of online casinos in South Africa

Technically, online casinos in SA are not legal – but like many other places in the world, regulation falls into a grey area. It’s illegal to operate an online casino, but not to play, so keen punters flock to use offshore websites and apps instead. Playing at these online casinos doesn’t carry the risk of prosecution, in fact, fines have only been levelled at operators in the past.

One inconvenience South Africans may experience is that local banks are asked not to permit transactions with offshore casinos. In reality, though, most players use different payment methods such as digital wallets or credit cards to add funds to their casino accounts. Despite the legal grey area, online gambling is extremely popular in South Africa, and countless players sign up to online casinos every day.

Choosing a casino

With so many options out there new players may find the choice of casinos dizzying. The main factor in selecting an online casino to use should be security. Sensitive data and bank details will be handled by an online casino, and this must be within a fully encrypted environment. Recent hacking events have highlighted the importance of good protection.

There are plenty of resources out there that list and review online casinos, which means that you can check the reputation of the place before you commit to playing. If there are complaints about the site you may wish to avoid a certain establishment. Complaints range from questions about data handling and security through to poor customer service and slow payouts. Check the licence of all casinos you’re considering, and lastly – make sure the casino accepts players from the country you’re in. 

Promotions, prizes and bonuses

Almost all online casinos worth their salt offer a range of promotions and bonuses to tempt new customers in while rewarding existing players. There are usually bonuses upon signing up – for example, Punt Casino bonus codes on onlinecasinosonline offer South Africans R3,500 + daily bonuses, free spins and cashback options. Online casinos are always promoting new games, regularly offering punters promotional codes or other incentives to play.

Prizes aren’t just limited to cash – many casinos offer a range of prizes from holidays to sports equipment to electronic goods and even cars. Before you choose an online casino to play in, consider these options to find the ones that best suit you.

Range of games

Another factor in choosing an online casino is the range of games. With mobile technology advancing at such a rapid pace game developers have been making the most of the capabilities of our tablets and smartphones. Alongside traditional games such as blackjack, roulette and baccarat there are now many exciting and immersive variations on these classics.

Live dealer poker, for example, makes the most of video streaming technology, while virtual reality casinos allow players to move around gaming halls, offering a unique and interactive experience. Slot machines can be found with a variety of themes and use cutting edge graphics to add drama and excitement to the action. Check out the selection of games available before you decide on an online casino.

Payment options

As mentioned before, South African banks are discouraged from allowing offshore casino transactions. But there are plenty of other ways to use your money in online casinos. Pretty much every online casino accepts major credit cards, and most now accept digital wallet solutions such as Apple Pay, Samsung Pay and Google Pay. This allows players to keep a close eye on their funds, and not to spend money they don’t have.

Paypal, Neteller and Skrill are other popular options, and many online casinos now accept cryptocurrencies such as Bitcoin. One point to remember – if you’re in South Africa, make sure that whatever payment method you choose lists South African Rand as an available currency – otherwise conversion calculations have to be made and you can easily lose track of how much you’re spending.

It’s best to do a bit of preparation before you start to play in online casinos from South Africa. When you’ve done your research and chosen the right place, it’ll leave you free to enjoy the games without any worries.

Nigerians celebrate MTN at 20

Oreoluwa Aderinkomi
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Nigerians celebrate MTN at 20

8th August 2021- As MTN gears up towards its 20th anniversary, Nigerians have sent their messages of appreciation and congratulations to the telecoms company.

The ICT and telecoms company began operations in Nigeria in 2001. 20 years later, it has become an integral part of Nigeria’s telecommunications success story.

Many Nigerians have shared their opinion about the company’s operation in the country, highlighting how it has contributed positively to their lives.

One Samuel Adekoya, an alumnus of MTN scholarship, credited it with providing him with the right platform to excel academically.

“The scholarship allowed me to concentrate on my studies and provided me with extra motivation to attain my first-class goal in Accounting. I am eternally grateful to MTN and wish the company another 20 years of success in Nigeria.”

MTN is set to reconstruct the Enugu-Onitsha Expressway under the road infrastructure task credit (RITC) scheme, and this has received commendations from Nigerians.

Karl Toriola, the Chief Executive Officer of MTN, in a statement, said:

“We are pleased to announce that our Board of Directors has approved our participation in the Road Infrastructure Tax Credit (RITC) Scheme. This is in response to the Government’s drive towards public-private partnerships in the rehabilitation of critical road infrastructure in Nigeria. We intend to participate in the restoration and refurbishment of the Enugu-Onitsha Expressway.”

MTN Nigeria Revenue Driven By Surge in Data Revenue in Q3 2020

Susan Orji described the road project as a birthday gift from MTN to Nigerians.

“This is a great 20th-anniversary gift from MTN to us. We cannot wait for the road project to be complete as it will contribute greatly to rural development.”

There have been commendations towards MTN on social media for its contribution to the battle against the COVID-19 pandemic and providing relief to millions of Nigerians. The company donated $25 million to the Nigerian government for the purchase of vaccines.

LASUTH CMD, Fabamwo, Others Professors become Fellows of the Academy of Medicine Specialties of Nigeria

Oreoluwa Aderinkomi
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LASUTH CMD, Fabamwo, Others Professors become Fellows of the Academy of Medicine Specialties of Nigeria

The Chief Medical Director of the Lagos State University Teaching Hospital (LASUTH), Professor Adetokunbo O. Fabamwo, and other professors from the institutions have been inducted as Fellows of the prestigious Academy of Medicine Specialties in Nigeria. The event took place in Lagos, Nigeria recently.

Professor Adetokunbo Fabamwo, a renowned Professor of Obstetrics and Gynaecology at the Lagos State University College of Medicine (LASUCOM), Ikeja., holds an MBChB degree as well as Fellowships of the National Postgraduate Medical College, West African College of Surgeons and the International College of Surgeons.

LASUTH
Fellows of Medical Specialties | Brand Spur Nigeria

He was the Medical Director of Ayinke House for many years and the pioneer Director of Clinical Services and Training at the evolution of LASUTH in 2001. He has over 70 scientific publications in mainly international peer-reviewed journals. He is a Part One and Part Two Examiner of the Faculty of Obstetrics and Gynaecology of the National Postgraduate Medical College and the West African College of Surgeons.

In his congratulatory message, the Director of Clinical Services and Training of the institution, Dr. Adebowale Adekoya with other top management of the Lagos State University Teaching Hospital (LASUTH) felicitated with Prof. Adetokunbo O. Fabamwo.

He said, “the institution is delighted to have her CMD and other leading Professionals from the institutions to become a part of the academy. This is an acknowledgement of the great work that they are all doing within the Lagos State University Teaching Hospital (LASUTH). Everyone should strive and emulate the passion of the CMD to his Profession and his daily duties within the institution.” 

In his response on the behalf of other fellows, Prof. Fabamwo while appreciating the show of love, gave a brief chronicle of his career and talked about how he overcame several obstacles that could have sabotaged his professional growth. He pointed out that though he had some delays, the drive to get to the pinnacle of his career brought him this far. He, therefore, encouraged all present not to give up on any chance to improve themselves. He said vision, hard work, and focus will help anyone achieve whatever they wish to achieve.

Other members of the LASUTH family that also became fellows of the academy are:

  • Prof. Shamsideen Abayomi Ogun, Department of Internal Medicine/Neurology, LASUCOM/LASUTH;
  • Prof. Fidelis Olisamefua Njokanma, Department of Pediatrics and Child Health and former Dean, Faculty of Clinical Sciences, LASUCOM/LASUTH;
  • Prof. Elizabeth Disu, Department of Paediatrics and Child Health, LASUCOM/LASUTH;
  • Prof Anthonia Okeoghene Ogbera, Endocrine Unit, Department of Medicine, LASUCOM/LASUTH and
  • Professor Oluwarotimi Ireti Akinola, Department of Obstetrics & Gynaecology, LASUCOM/LASUTH and
  • Current National President, Society of Gynaecology and Obstetrics of Nigeria, SOGON.

Ex-Foursquare Gospel Church G.O Wilson Badejo Dead

Brand Spur
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Ex-Foursquare Gospel Church G.O Wilson Badejo Dead

The Foursquare Gospel Church in Nigeria has announced the death of its former General Overseer (G.O), Dr. Wilson Badejo, aged 74.

The National Secretary of the church, Rev. Yomi Oyinloye, said in a statement that Badejo, who was the church’s G.O between 1999 and 2009, died on Saturday after a brief illness.
“He was a great achiever, an accomplished servant of God, a role model, a bridge-builder, mentor, teacher par excellence, an apostle and respected family man.
“Dr Badejo served the Foursquare Gospel Church in Nigeria in several ministerial capacities, crowning his stewardship at the apex as the General Overseer of the Church from 1999 for 2009.

Wilson Badejo Dead

“He was a man of many parts who was able to unlock socio-cultural gateways, and in the process successfully endeared several friends and loved ones from all walks of life across the divide,” the church said.
Oyinloye said that the church was greatly saddened by the loss but encouraged members to take solace in the fact that the late G.O. lived a fulfilling, God-fearing, and impactful life.
According to him, Badejo left behind an indelible mark in the heart of everyone who came his way.
Oyinloye called for prayers for the family of the deceased and the Foursquare Gospel Church in this trying time.

Avon HMO Celebrates World Breastfeeding Week

Brand Spur
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Avon HMO Celebrates World Breastfeeding Week

Further emphasizing its commitment to maternal and child health, the leading health management organization, Avon HMO, held a week-long celebration of World Breastfeeding Week across all its digital media platforms.

In line with the 2021 theme, ‘Protect Breastfeeding’,.

The company hosted a webinar with Nigeria’s leading Lactation Consultant, Titilayo Medunoye and the CEO of New Mums Hub, Adedayo Olufemi on ‘Navigating Early Motherhood.’

Avon HMO also engaged its diverse audience with audio-visual content encouraging breastfeeding and proffering solutions to struggling mothers.

https://www.youtube.com/watch?v=1s5rPQki07U

Cadbury Nigeria Reports N516m Loss despite 85% growth in confectionary sales

Esan Bolaji
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Cadbury Nigeria Reports N516m Loss despite 85% growth in confectionary sales

Cadbury Nigeria Plc (Cadbury) grew its revenue by 30% YoY to N9.60bn in Q2 2021 from N7.36bn in Q2 2020 owing to an increase in volume sales induced by the resumption of economic activities.

However, gross profit declined by 32% YoY to N688mn in Q2 2021 (Q2 2020: N1.02bn) resulting from a 40% YoY rise in the cost of sales.

In Q2 2021, loss before tax stood at N516m (down by 167.3%) while loss after tax stood at N516m (drops I96.2%).

Product Segments Breakdown in Q2 2021

  • Increase in refreshment beverages by 30% YoY to N6.53bn in Q2 2021.
  • Confectionary sales rose by 85% YoY to N2.71bn in Q2 2021.
  • Intermediate cocoa sales declined by 59% to N358mn in Q2 2021.

Overall, the increased sales of refreshment beverages which constituted 68% of total revenue underpinned the growth in revenue.

Cadbury Nigeria - Lockdown Easing Drive Q3’2020 Earnings Recovery

The Company’s brands fall into three principal categories, namely:

  • Refreshment beverages – This includes the manufacturing and sale of Bournvita and
    3-in-1 Hot Chocolate.
  • Confectionery products – This includes the manufacturing and sale of Tom Tom, Buttermint and Clorets.
  • Intermediate cocoa – This includes the manufacturing and sale of cocoa powder, cocoa butter, cocoa liquor and cocoa cake.

Cadbury Nigeria’s operating expense rose by 37% YoY to N1.63bn in Q2 2021. As a result of the rise in operating expense, operating loss worsened to N933mn in Q2 2021 (Q2 2020: N168mn).

Loss before tax printed at N861mn in Q2 2021 from a loss of N146mn in Q2 2020. There was no tax expense in Q2 2021, thus loss after tax remained N861mn (Q2 2020: N102mn loss).

Ikeja Electric Upgrades Mobile App to Enhance Services, Customer Experience

Brand Spur
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Ikeja Electric Upgrades Mobile App to Enhance Services, Customer Experience

Persistent in its drive to enhance customer experience and deliver better service, Ikeja Electric Plc (IE), Nigeria’s largest power distribution company, has upgraded the IE Mobile App to include cutting-edge features that enable customers to access services with ease.

The upgraded app which was announced on Tuesday, August 3, 2021, is a multi-functional app designed to allow customers to make enquiries, check and pay bills, report/resolve complaints, and promptly contact customer care representatives. It also offers live chat and account management functions.

Ikeja Electric
Ikeja Electric Upgrades Mobile App to Enhance Services, Customer Experience

Speaking at the unveiling of the upgraded app, the Chief Executive Officer (CEO), Ikeja Electric, Folake Soetan, said:

“The latest IE Mobile App is a demonstration that the company is forward-thinking, innovative and customer-centric. We are a vibrant brand. We are bold and excited to always aim for greatness in order to bring development to the power sector. We dare to consistently improve our services in order to improve customer experience and achieve better results.

“As a company, we are pleased to present this latest version of IE Mobile App to our customers across the network thereby giving them seamless access to our services with convenience and at the same time enriching their experience. This is a testament that the Management and Staff of Ikeja Electric continuously yearn to deliver quality services and ensure direct access to us through various channels in line with our mantra, Customer first; Technology now.”

“The upgraded IE Mobile App comes with numerous functionalities that offer secured transactions, prompt services and unique user experience. It is a mobile app positioned as a one-stop-shop for customers to interact with Ikeja Electric for prompt responses”, she said.

According to Soetan, the upgraded app is easy to use, as it makes transactions seamless. She further explained that part of IE’s goal was to continue to use technology in delivering a quality customer experience.

The upgraded Mobile App is currently available for download on the Google play store and iOS Store for iPhone users.

To download the app, customers can simply go to Google Play Store or Apple Store. Then, customers will need to set up their account using IE Account Number, verify their phone number, set and confirm passwords.

The upgraded app is expected to further strengthen Ikeja Electric’s position in the power sector as a pioneer in providing solutions for customer satisfaction, as well as creating value and exceptional service delivery.

Unregistered customers within IE network can also use IE Mobile App to access information and resolve complaints without visiting IE office.

Local Institutional Investors Buy Equities Market ahead of Interim Dividend Payment

Cowry Research
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Local Institutional Investors Buy Equities Market ahead of Interim Dividend Payment

In the just concluded week, a report released by the Nigerian Stock Exchange (NSE) on domestic and foreign portfolio participation in equities trading revealed that total equities market transactions increased in June 2021 compared to the volume of transactions executed in May 2021 as domestic institutional investors gradually took position amid releases of corporates’ half-year financial results which have been generally positive and the prospect for half-year dividend payments.

Investors in the equities market are optimistic that Tier-1 banks would pay interim dividends as usual.

Notably, the relative downward trend in interest rates, especially for 364-day treasury bills also contributed to the increased activity witnessed on the domestic bourse month-on-month (m-o-m) as domestic institutional investors and foreign portfolio investors sought for safe haven.

Stock picks
Photo by Mark Finn

The stop rate for the 364-day T-bill fell to 9.15% in June from 9.75% at the end of May 2021; as at the last auction on July 28, 2021, the stop rate stood at 8.20%. Accordingly, domestic institutional investors transacted the most, followed by retail investors; while foreign portfolio investors’ contribution was the least but with a larger increase.

Hence, the ratio of total domestic transactions to total foreign transactions tilted lower to 77:23 in the month under review, from 79:20 in May 2021 – total domestic transactions rose marginally by 0.59% while total foreign portfolio transactions increased by 15.43%.

Specifically, total transactions on the NGX rose to N100.77 billion in June 2021 (from N97.19 billion printed in May 2021); of which total domestic transactions increased month-on-month (m-o-m) to N77.35 billion (from N76.90 billion). The FPI transactions rose to N23.42 billion in June (from N20.29 billion printed in May).

A further breakdown of the FPI transactions in June 2021 showed that foreign portfolio inflows pumped to N13.92 billion (from 13.01 billion); albeit, foreign portfolio outflows rose to N9.50 billion in June from N7.28 billion in May.

On the part of local investors, the increased stake in the equities market was amid sell-off by retail investors – their outflow transactions were N20.51 billion, higher than the N15.55 billion worth of inflows. Hence total retail transactions rose by 9.47% to N36.06 billion.

On the flip side, the domestic institutional investors’ outflow transactions were N20.20 billion, lower than the N21.09 billion worth of inflows from them. Thus, total local institutional transactions fell m-o-m by 6.07% to N41.29 billion in June 2021.

Given the lukewarm approach of the retail investors, the NSE All-Share Index (ASI) fell by 1.38% to 37,907.28 index points for the month of June 2021. In another development, Nigeria may be eased of its depreciating Naira value against other currencies, at least in the short term, as International Monetary Fund (IMF) approved a general allocation of Special Drawing Rights (SDRs) equivalent to USD650 billion – out of which Nigeria gets USD3.35 billion – to boost global liquidity.

As the dynamics of the country’s exchange rate begins to trend in line with CBN objective – exchange of Naira to US dollar eased to N508/USD from the high of N525/USD when BDCs were stopped from accessing direct funding from the apex bank – we should see interest rates fall further. Also, with the declining inflation rate, CBN would have ample opportunity, in the short to medium term, to achieve its objective of moderating rates to stimulate real sector growth.

Meanwhile, Cowry Research expects the anticipated foreign currency inflows from the IMF’s SDRs initiative and the proposed Eurobond sales to further increase CBN’s capacity to keep the exchange rate in check even as currency speculators supply the market amid the above mentioned fresh USD liquidity realities. Hence, we feel the equities market may breathe better as we approach the last quarter in 2021.

Dangote Sugar records N131.95bn revenue in H1 2021, up 27.8%

Brand Spur
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Dangote Sugar records N131.95bn revenue in H1 2021, up 27.8%

Dangote Sugar Refinery recorded strong improvements in performance indices in the half-year ended June 30, 2021, as group revenue increased by 27.8 per cent to N131.95 billion in contrast to N103.23 billion recorded at the same period in the preceding year.  

According to the refinery’s unaudited results for the period, Gross profit grew double-digit at 37.3 per cent to N28.59 billion compared to N20.82 billion in the preceding year due to better topline performance.

Group sales volume increased to 388,589 tonnes while production volume also increased by 7.6 per cent to 403,846 tonnes driven by operations optimization drive.

Key Highlights

  • Profit before tax grew by 10% to N18.8bn.
  • Profit after tax grew by 8.8% to N12.6bn.
  • Net Assets declined by -0.5% from N120bn to N119bn.

Dangote Sugar Refinery Plc: Revenue expansion strengthens in Q3

Commenting on the Company’s half-year 2021 performance, the Group Managing Director/CEO, Ravindra Singhvi said;

“We commenced the year on a strong footing with an impressive performance in the first half as the financial results have shown, with a stronger Q1 topline growth and a robust Q2 topline growth year on year.

During the period under review, we launched our new packaging designs for the 50kg fortified and non-fortified sugar bags with the theme “Dangote Sugar has a new look…. Same Great Quality”. The theme reaffirms the quality of our product and inspires a deeper connection to the Dangote Sugar brand among our valued customers and consumers, whilst refreshing our market presence as the leading sugar brand in Nigeria.”

He added, “…as part of our Supply Chain Management Sustainability journey, we continued to enhance our Outgrowers Scheme. The technical and agriculture support provided for them over time has led to the improved yield from our Outgrowers sugarcane farms at the Numan Sugar Estate. This effort will be sustained to ensure the socio-economic growth of our immediate communities and improved the sugar cane supply for production.

The team is committed to navigating the second half of the year, keeping the health and safety of our people and partners as a top priority. Our Refinery in Apapa and Backward Integration Operations in Numan, Adamawa State and Tunga, Nasarawa State continue to operate in compliance with our health and safety protocols while ensuring our commitment to the environment and sustainable business practices are maintained.”

He stated that the recurrent challenges with Apapa traffic gridlock persisted during the 1st half of the year but expressed optimism that the truck call up system will address the situation. Achievement of the Dangote Sugar Backward Integration Projects targets, he added “remains our focus. We are resolute and will continue in our quest to put Nigeria on the path of sugar self-sufficiency and on the world sugar map.”

Dangote Sugar Refinery is Nigeria’s largest producer of household and commercial sugar with a 1.44M MT refining capacity at the same location. The refinery located at Apapa Wharf Ports Complex, refines raw sugar imported from Brazil to white, Vitamin A fortified refined granulated white sugar suitable for household and industrial uses.

Dangote Sugar

It has the Backward Integration goal of becoming a global force in sugar production, by producing 1.5M MT/PA of refined sugar from locally grown sugar cane for the domestic and export markets.

To achieve this, Dangote Sugar Refinery Plc acquired DSR Numan Operations (Savannah Sugar Company Limited), located in Numan, Adamawa State in December 2012, and embarked on the ongoing rehabilitation of its facilities and expansion of its 32,000 hectares’ sugarcane estate.

In September 2020, the scheme of merger between DSR and Savannah Sugar Company Limited was completed which gave birth to a bigger and stronger business with considerable opportunity for growth and delivery of superior benefits to all stakeholders.

The expansion of the sugar estate is still ongoing as well as the development of the greenfield site acquired at Tunga, Nasarawa State for the achievement of DSR’s sugar for Nigeria development master plan.

The Nasarawa Sugar Company Limited is the registered subsidiary of Dangote Sugar Refinery Plc. The 78,136 hectares Sugar Project Site is located at Tunga, Awe Local Government Area, of Nasarawa State. Massive development in agriculture, irrigation infrastructure amongst others is ongoing at the site.

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