By Aduragbemi Omiyale The proposed merger among NASCON Allied Industries Plc, Dangote Sugar Refinery Plc, and Dangote Rice Limited has been suspended. The unification of the trio into an entity was disrupted by the observation of the Securities Exchange Commission (SEC) on the operational status of Dangote Rice Limited. Business Post reports that the three organisations are controlled by a single person, Mr Aliko Dangote, the richest man in Africa. He intends to make the firms operate as an entity for more efficiency, but as things stand, he might have to wait longer than expected. In a regulatory note to
SEC Blocks NASCON, Dangote Sugar, Dangote Rice Merger
