Flour Mills of Nigeria to issue US$55.16m medium term bonds

NIGERIA – Flour Mills of Nigeria Plc, a diversified Nigerian agribusiness company has announced its plan to issue a N20 billion (US$55.16m) medium-term bonds, which is subject to appropriate pricing. In a statement to the […]

Flour Mills of Nigeria half year profits rise 16% to US$16.2m

NIGERIA – Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food business and agro-allied company, has posted a 16% rise in profit after tax of N5.9 billion (US$16.2m) in its unaudited half […]

Nigeria’s Golden Sugar Company reaffirms commitment to develop value chain

NIGERIA – The Golden Sugar Company, a subsidiary of Flour Mills of Nigeria (FMN), has reaffirmed its commitment to the development of sugar value chain in Nigeria. The sugar company said that it will continue […]

Flour Mills of Nigeria profit after tax dip 40.3% to US$21.7m in nine months

NIGERIA – Flour Mills of Nigeria (FMN) Plc has reported a profit after tax of US$21.7 million for the period nine months ending 31st December 2018 down from US$36.4 million recorded in the same period […]