Browsing: Nigeria’s Dangote

Nigeria’s leading integrated sugar company Dangote Sugar Refinery Plc, has issued their position on the alleged involvement in price-fixing, a move that had been claimed to a strategy to keep the price of sugar high.

The claims were made by one of Dangote Sugar’s competitors in the sugar market, BUA Sugar Refinery.

BUA Sugar had accused Dangote Sugar of involvement in price-fixing and arbitrary collusion to create sugar scarcity in Nigeria so that the prices can be kept high.

This forced Dangote Sugar to issue a response in an effort to vehemently refute the allegations and assertions made by BUA Sugar Refinery.

BUA Sugar Refinery’s claims

Just recently, the management of BUA Sugar Refinery came out to point fingers at the Dangote Group for taking actions and conniving with Flour Mills of Nigeria to push out the competition in the Sugar industry and create a situation of perfect monopoly for …