Dangote Sugar raises N485.9 billion through an oversubscribed rights issue on the Nigerian Exchange.

Dangote Sugar Refinery Plc successfully allotted 8.10 billion ordinary shares at N60 per share, achieving a 100% allotment rate.

The rights issue was 102.6% subscribed with 14,595 applications, prompting a major shareholder to scale down its additional request to align with the approved offer size.

This oversubscribed capital raise signals robust investor confidence in the long-term viability of Nigeria's consumer goods manufacturing sector despite challenging macroeconomic environments.

With the N485.9 billion funding cleared, Dangote Sugar is poised to immediately reinforce its balance sheet and launch planned expansion initiatives.

This capital injection, combined with its operational turnaround to a N20.6 billion profit in Q1 2026, positions the company to aggressively scale its operations.