Telecoms sector: Cardoso reiterates calls for backward integration - ITREALMS

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The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated calls for deeper backward integration in the telecommunications sector, emphasising the need to localise key supply chains while expanding financial services to benefit ordinary Nigerians.

Speaking in Abuja on Wednesday, February 12, 2025, during a courtesy visit to CBN headquarters by Airtel Africa’s management team, led by Group Chief Executive Officer Mr. Sunil Taldar, Cardoso emphasised the need to reduce the sector’s reliance on foreign exchange.

Backward Integration: Dangote targets 700,000MT of refined sugar in four years - ITREALMS

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…As Q1 revenue rise by 20.1% to N122.7bn

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP).

Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this at the company's 18th Annual General Meeting (AGM) held yesterday in Lagos, just as the Nigerian Exchange released the company’s first-quarter result for 2024, indicating an increase of 20.1 per cent in its revenue to N122.7 billion.