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Dancehall Singer, Cynthia Morgan Signs Management Deal With Top US Entertainment Firm

Dancehall singer, Cynthia Morgan, has signed a management deal with a top American entertainment firm, The Facilitator Management.



This was disclosed in a statement by the firm, made available to Goldmyne Television on Thursday.




As the world appears to be increasingly fascinated by the Afrobeat sound, Cynthia’s new PR counsel, Muyiwa Babalola, says together, the firm is committed to utilizing her “raw magic” to continue to exhibit Afrobeat on the world stage and in a more organized dimension.



“The Facilitator Firm is a Full -Service Boutique Artist Management, Indie-Record Label, Artist Services and Publishing Company headquartered in Las Vegas, NV. forged by the partnership of Founder / CEO “ Uncle Odis “ Johnson and Co-Founder / President Tabiyah Yetunde. Both are longtime Music Industry Veterans with a combined total of 50 plus years of experience in music and entertainment.



“Cynthia resonates with a diverse fan base all over the world because of her feel-good music and vibe,” Babalola…

Dangote Sugar Hits N11.1bn Half-Year Profit


Dangote Sugar Refinery Plc last week has announced a profit before tax (PBT) of N11.1 billion for the six months ended 30 June, 2016. The unaudited results for the half year indicated that all performance measurement indices trended upwards. The results showed that profit before tax rose by 13.3 per cent compared to N9.8 billion in the same period in 2015. Similarly, the sugar group recorded a profit after tax (PAT) of N7.4billion, which rose by 17.5 percent over N6.3billion posted in the corresponding period in 2015.

Group revenue increased by 37.86 percent to N70.5 billion compared to N51.1 billion in 2015, reflecting the increase in sales volumes during the period.

Gross profit increased by 9.57 percent to N13.9 billion in contrast to N12.7 billion despite higher production costs mainly driven by increased LPFO usage and currency devaluation. The unit prices for gas and LPFO were also higher than in the comparative period.

Speaking on the six months unaudited results, Acting Group Managing Director of DSR, Abdullahi Sule, said: "Despite market challenges experienced in the first quarter and operating challenges in the second quarter of 2015, we were able to grow our revenue compared to the same period in the previous year.

Our focus for the remainder on the year will be to increase sugar production at reduced conversion cost and improve distribution to match the increasing demand from our customers. Our greater growth strategy "Sugar for Nigeria" continues to gain momentum as we execute the first phase of our expansion plans."

According to him, the various operational and economic challenges the company was faced with during the period under review notwithstanding, the overall performance shows an improved outlook for the period.

Dangote Sugar is Nigeria's largest producer of household and commercial sugar with 1.44 million tonnes of refining capacity, with the ability to supply most of the country through an extensive network of distributors. The Group's refinery at Apapa imports raw sugar from Brazil and refines it into white, Vitamin A fortified sugar suitable for household and industrial uses while Savannah cane sugar factory located near Numan, in Adamawa State has an installed factory capacity of 50,000 tonnes. Covering 32,000 hectares in extent, the Savannah estate has considerable opportunity for expansion which is underway.

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