- Nascon’s proposed merger with Dangote Sugar Refinery has been suspended due to regulatory brickwall
- The companies owned by Africa’s richest man, Aliko Dangote, initially hinted about the merger in the third quarter of 2023
- According to the parent company, the merger is expected to reposition it to harness future opportunities in the food industry
Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.
Africa’s wealthiest man, Aliko Dangote, has temporarily halted his plan to merge his sugar, salt, and rice companies to enhance efficiency and strengthen consolidation.
