Friday, March 31, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

BUA, Dangote settle rift over sugar pricing

Chika Onwuji by Chika Onwuji
April 16, 2021
in Commodities, Front Page
0
BUA, Dangote settle rift over sugar pricing
0
SHARES
93
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The rift between President of Dangote Group, Aliko Dangote, and his counterpart at BUA Group, Abdulsamad Rabiu, has been resolved, with the intervention of Governor Abdullahi Ganduje Aminu Dantata.

The two business moguls from Kano had been enmeshed in war over the control of sugar price in the past two months, which was creating artificial scarcity of the product.

READ ALSO

Ndi Enugu, wake up, shine your eyes

Peter Obi: A New Nigeria is Truly Possible

In a statement to journalists in Kano on Thursday, the Chief Press Secretary to the Governor, Abba Anwar, revealed that the two influential figures have finally agreed to sheathe their swords in the interest of consumers.

During the reconciliation meeting at Kano Governor’s Lodge, Asokoro, Abuja, on Wednesday, the two moneymen reportedly debunked rumours that they were in dispute over sugar control in the country.

They denied that Dangote was planning to increase sugar price and pressuring BUA to buy into the plan, the statement noted.

Dangote and Rabiu reportedly described the allegation as baseless.

“The meeting was seen as the climax of similar efforts in the past to reconcile the two giants by the governor and Dantata that played the role of a father during the meeting.

“Present at the meeting were the Minister of Commerce, Trade and Investment, Mr Niyi Adebayo; representative of the Kano Emirate, Alhaji Aminu Dan Agundi; Chairman of the Council of Kano Imams, Sheikh Muhammad Adamu; the Chief Imam of Sheikh Ahmadu Tijjani Friday Mosque, Kofar Mata; and the Chairman of Nigeria Export Processing Zones Authority, Adamu Panda.”

The statement added that the two business moguls agreed to work together as brothers for national growth.

Dangote and Rabiu reportedly assured that, henceforth, there would be no differences that could cause any disharmony between them.

Tags: BUADangoteSugar pricing

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Chika Onwuji

Chika Onwuji

Related Posts

Ndi Enugu
Front Page

Ndi Enugu, wake up, shine your eyes

March 16, 2023
Nigeria
Front Page

Peter Obi: A New Nigeria is Truly Possible

March 9, 2023
Enugu
EMPIRE

Oby Onwe: Defying political odds in Enugu

March 4, 2023
fixpolitics
EMPIRE

INEC has breached trust of Nigerians –FixPolitics

March 2, 2023
Monetary
CONSUMER PERSPECTIVE

Monetary policy: Nigeria on the road to India?

February 22, 2023
political
EMPIRE

Restoring Nigeria’s economy with disruptive political class

February 22, 2023
Next Post
We recognise importance of energy efficiency – OPEC boss

Nigeria seeks Commonwealth's support on net-zero emissions


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Ndi Enugu

Ndi Enugu, wake up, shine your eyes

March 16, 2023
Nigeria

Peter Obi: A New Nigeria is Truly Possible

March 9, 2023
state

‘Good governance beckons for Enugu State’

March 5, 2023
Enugu

Oby Onwe: Defying political odds in Enugu

March 4, 2023
fixpolitics

INEC has breached trust of Nigerians –FixPolitics

March 2, 2023
Monetary

Monetary policy: Nigeria on the road to India?

February 22, 2023
political

Restoring Nigeria’s economy with disruptive political class

February 22, 2023

TRENDING

  • naira devaluation

    What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • Issues with PoS business

    0 shares
    Share 0 Tweet 0
  • Impact of fintech on Nigerian economy

    0 shares
    Share 0 Tweet 0
  • With Genius Bot, you can’t go wrong with forex trade

    0 shares
    Share 0 Tweet 0
  • Prospects of SMEs in Nigeria

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS