Aliko Dangote's sugar firm opens a $324 million rights issue to bankroll local production
Billionaires Africa | 26.05.2026 19:23
Aliko Dangote is asking shareholders to help bankroll his next big bet on Nigerian sugar. Dangote Sugar Refinery, part of the billionaire's industrial empire, has opened a N485.88 billion ($324 million) rights issue to shore up its balance sheet and accelerate a long-running push to produce more sugar at home.
