Here are sour details of the sugar trio-poly and what other importers deprived of the business tagged; “an obituary for the sugarcane industry.” The Central Bank of Nigeria (CBN) has fenced scores of sugar importers from the business as it approved the importation of sugar into the country to only three companies. The companies are BUA Sugar Refinery Ltd, owned by Abdul Samad Rabiu; Dangote Sugar Refinery Plc, owned by Aliko Dangote; and Golden Sugar Company, owned by Oba Otudeko’s Flour Mill. Promoters of some of companies who hitherto participated…
Read MoreCBN fences others, offers Nigeria’s $1bn Sugar imports to 3 firms ‘only’
