Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall - Business (2)

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Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall - Business (2) - Nairaland

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Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Paraman: 7:21pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

Is BUA and others not competing with him? More competitors are needed sha

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by HAH: 7:21pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

I wonder in what foodstuffs business is having monopoly ? Abi you just want to comment

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by papyjaypaul: 7:22pm On Apr 19

bobbybrown007:
he knows how to play the game and he knows that dollars and pounds will change hands, that was what one baba did na

This one is different, he can be good at business but politics will school him. Politicians think differently

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Paraman: 7:23pm On Apr 19

CartelKenneth:
Useless monopolist
Making billions off the blood and sweat of common Nigerians
This nigga will not die well😡

How's he a monopolist? You won't be saying all this if your dad is in his shoe

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Fearyourcreator: 7:23pm On Apr 19

ivolt:

So, in which foodstuff segment does Dangote maintain a monopoly or dominates?
Rice, Beans, Garri or beverages?

You dey mind them ... Just hating the man for nonsense reason ...

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Fearyourcreator: 7:26pm On Apr 19

CartelKenneth:
Useless monopolist
Making billions off the blood and sweat of common Nigerians
This nigga will not die well😡

Hate wan wound you

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by pennyland(m): 7:28pm On Apr 19

After lack of good leadership Nigeria is currently facing, Next problem Nigeria have is Dan Gote

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Tonytonex(m): 7:31pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

He should go into massive farming instead of buying and selling.

Nigeria has enough landmass for commercial farming

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Christistruth00: 7:41pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

I have a Question

You can Produce Salt by Just fetching Sea Water in a bucket

and evaporating it over a fire

Apart from Fishing that was the other full time job of the Ilaje and Awori for Centuries before the

British Arrived

So how come Dangote now has a monopoly over Salt that Awori and Ilaje People used to supply so
abundantly before British Colonialisation?

2 Likes

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by tollyboy5(m): 7:42pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

Olodo don drop quote

2 Likes

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Konquest: 7:46pm On Apr 19

Islie:
The suspension “centred around the current non-operational status of Dangote Rice Limited” by the Securities and Exchange Commission (SEC), Nascon Allied Industries said.

In December 2021, BUA Group – one of Dangote Industries’ biggest rivals in the cement and consumer goods sectors – consolidated its sugar, rice, flour, pasta and edible oils units into a single firm, later listing it on the NGX as BUA Foods.

Estimated at N720 billion at listing, BUA Foods’ is now worth N6.8 trillion in market value less than four years after.

If the three Dangote companies meet the conditions for approval and the transaction is completed, Dangote Sugar and Nascon Allied Industries will be delisted from the NGX.

Both companies, which at that point will have alternated with Dangote Rice, will be relisted on the stock exchange under a single name.

https://www.premiumtimesng.com/news/headlines/687348-dangotes-bid-to-merge-sugar-salt-rice-businesses-hits-brick-wall.html

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by cenaman(m): 7:46pm On Apr 19

ivolt:
So, in which foodstuff segment does Dangote maintain a monopoly or dominates? Rice, Beans, Garri or beverages?

Cemented foods grin

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by MIKOLOWISKA: 7:52pm On Apr 19

HBB1:

Agabado,Ewa, Garri, Cassava...🤣

Don't mind the dumbo

How is he dumb
You all can't answer his simple question?
Do you know what a monopoly is
Everybody Wan savage by force even if it reveals dumbness

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by MIKOLOWISKA: 7:57pm On Apr 19

Harddiskng:

God bless for speaking the truth.

I have said it times without number Dangote industries is bad for Nigeria. It is very visible to even the blind

Yet can't explain why
You prefer importation and 15000 more jobless Nigerians abi
You no wise at all

.

You people asking what food commodity Dangote sells, if you don’t know there are important commodities that whose prices can put inflationary pressure on other commodities.

Name the inflationary commodities na

.
What is Dangote into Cement, Petroleum (from the 1st day years ago Dangote’s intent to go oil was announced. I said it here years ago that petrol price would skyrocket before the refinery commence), Flour... These 3 alone that do you need more explanation

Now your brain is shrinking
What is the meaning of what you wrote
Did fuel not skyrocket without dangote
You prefer we don't refine our own oil
Talk with sense na

.
Too many of you think yourselves as over-wise but y’all are just supreme olodos.

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by MIKOLOWISKA: 8:00pm On Apr 19

Tonytonex:
He should go into massive farming instead of buying and selling.

Nigeria has enough landmass for commercial farming

who hold you from going into farming
Lazy yoot want to dictate how billionaire should make money
Why you sef no buy and sell if e easy

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by HBB1(m): 8:01pm On Apr 19

MIKOLOWISKA:

How is he dumb
You all can't answer his simple question?
Do you know what a monopoly is
Everybody Wan savage by force even if it reveals dumbness

So Dangote has monopolised the food market in Nigeria?

How?

No dey talk nonsense oga!

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by ivolt: 8:01pm On Apr 19

Harddiskng:

God bless for speaking the truth.

I have said it times without number Dangote industries is bad for Nigeria. It is very visible to even the blind

You people asking what food commodity Dangote sells, if you don’t know there are important commodities that whose prices can put inflationary pressure on other commodities.

What is Dangote into Cement, Petroleum (from the 1st day years ago Dangote’s intent to go oil was announced. I said it here years ago that petrol price would skyrocket before the refinery commence), Flour... These 3 alone that do you need more explanation

Too many of you think yourselves as over-wise but y’all are just supreme olodos.

Cement and Petrol are not food ingredient, it is kind of odd that I have to state the obvious.

As for flour mills, Dangote is not a monopoly in the industry.
There are several heavyweights in there.

How did you think Dangote noodles went bankrupt?
By being a monopoly?
Learn the meaning of a word before using it.

2 Likes

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Harddiskng(m): 8:03pm On Apr 19

MIKOLOWISKA:

Now your brain is shrinking
What is the meaning of what you wrote
Did fuel not skyrocket without dangote
You prefer we don't refine our own oil
Talk with sense na

Atleast my brain is shrinking i thank God for having a brain.

You don’t have a brain at all, how do you want to understand simple economics that what Dangote trades in are directs input that affect more than 80% of businesses in Nigeria, how would you know the meaning of what i wrote lol grin

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by MIKOLOWISKA: 8:05pm On Apr 19

Harddiskng:

Atleast my brain is shrinking i thank God for having a brain.

You don’t have a brain at all, how would you know the meaning of what i wrote lol

You better go and collect refund from your english teacher

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by MIKOLOWISKA: 8:06pm On Apr 19

HBB1:

So Dangote has monopolised the food market in Nigeria?

How?

No dey talk nonsense oga!

No be you de sorry that slowpoke that claimed dangote is a monopoly?

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Harddiskng(m): 8:09pm On Apr 19

MIKOLOWISKA:

You better go and collect refund from your english teacher

Coming from an English professor without a brain grin

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Babangidapikin: 8:10pm On Apr 19

Glad it didn't go through.. I know it's stressful going through different accounting process for each sector but it is okay if they can stand on their own and performance metric observe individually instead of patching things up , although they would have strong financial muscle merged together and less top exec on the payroll but the cards can fall easily... I am expecting something Big from Dangote Rice ...

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by MIKOLOWISKA: 8:10pm On Apr 19

Harddiskng:

Coming from an English professor without a brain

In your smooth shrinking brain, a professor has no brain abi?
You just keep exposing yourself

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Harddiskng(m): 8:13pm On Apr 19

ivolt:

Cement and Petrol are not food ingredient, it is kind of odd that I have to state the obvious.

As for flour mills, Dangote is not a monopoly in the industry.
There are several heavyweights in there.

How did you think Dangote noodles went bankrupt?
By being a monopoly?
Learn the meaning of a word before using it.

Cement won’t affect you because you are living in the forest grin

for us living in building as the cost of building material like cement increases, rent increases, as rent increases the other business man that has to rent also increased the prices of his commodities.

Petrol go and check the price before Dangote announced and check what is it now then we would talk. Don’t tell you also want a lecture on how price of petrol afftect other commodities lol

Dangote noodles went under cause his effort to drive out other players and manipulate price failed. I have noticed Dangote’s businesses function sub-optimal, it is in Nigeria he is struggling to take advantage economics of scale. Cement price in Nigeria is one of the highest in Africa and it is not like these other countries are also not struggling with electricity issues, bad roads etc. it is simple cause he lack government’s influence to stiffle competition and dictate the price

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by maasoap(m): 8:27pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

You guys just like to type and post rubbish so that ignorant ones here would be thinking that you're making sense and valid arguments grin

. Meanwhile, u be confirmed Olodo. Soon, una go begin shouting that Dangote has monopolised crude oil refining in Nigeria

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by maasoap(m): 8:38pm On Apr 19

Harddiskng:

God bless for speaking the truth.

I have said it times without number Dangote industries is bad for Nigeria. It is very visible to even the blind

You people asking what food commodity Dangote sells, if you don’t know there are important commodities that whose prices can put inflationary pressure on other commodities.

What is Dangote into Cement, Petroleum (from the 1st day years ago Dangote’s intent to go oil was announced. I said it here years ago that petrol price would skyrocket before the refinery commence), Flour... These 3 alone that do you need more explanation

Too many of you think yourselves as over-wise but y’all are just supreme olodos.

The only thing many of you are good at is to criticise Dangote and blame him for everything that's wrong with Nigerian economy. Do you know how many individuals and companies that have obtained licences to build refineries in Nigeria many years ago before Dangote applied for permission? Now that he did it, na to give us the reasons why he's responsible for increase in price of petrol.
I thought his refinery just crashed down the price of diesel from N1800 to N1000? Na lie?

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by Okhuadams(m): 8:49pm On Apr 19

STEWpid:
Chai..

Mr Dang Wote!!

o
The Northern business man that majority of his businesses and incomes are from the South.

What the populace need now is Dangwote Beer.

Supported

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by natureisgood(m): 8:54pm On Apr 19

It is what they often tell them in their whatsap group and believed.

Man that couldnt cut it in tomato paste, even spaghetti but he is the reason for expensive prices of foods. Nigerians dont read, hence digest talks from beer parlor.

ivolt:

So, in which foodstuff segment does Dangote maintain a monopoly or dominates?
Rice, Beans, Garri or beverages?

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by FreeStuffsNG: 9:03pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

If he's enjoying monopoly, his Flour business will not be in red so much that he sold ot. If he's enjoying monopoly, the rice will not be dead and non-operational according to SEC

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by NOETHNICITY(m): 9:08pm On Apr 19

hisexcellency34:
The only way prices of foodstuffs will come down is if Dangote has serious competitors. The monopoly he enjoys is killing Nigerians

You, your family, your generation, your clan, your village, your state and your entire region is obsessed with Dangote. If your father fails to have an erection You blame it on Dangote

1 Like

Re: Dangote’s Bid To Merge Sugar, Salt, Rice Businesses Hits Brick Wall by bobbybrown007: 9:17pm On Apr 19

papyjaypaul:

This one is different, he can be good at business but politics will school him. Politicians think differently

he has all the money

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