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Dangote Sugar mitigates inflation and Apapa gridlock with 41.5% revenue surge

Dangote Sugar on Monday revealed it increased prices in the first quarter of 2021 to mitigate the problems of rising inflation and depreciation. In a note to investors, the company revealed its recent 41.5% surge in revenues was due to an increase in sales volume as well as an uptick in price. In the first quarter of 2021, Dangote Sugar…