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 […]

Flour Mills of Nigeria banks on turnaround initiatives to boost growth

NIGERIA-Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food and agro-allied company, envisions continuous growth in key segments as strategy to delivered improved margins and operational efficiencies which will in turn result […]

Flour Mills of Nigeria full year revenues decline 3.37% to US$1.45bn

NIGERIA – Flour Mills of Nigeria Plc, one Nigeria’s leading integrated food and agro-allied company, reported a 3.37% decline in revenue to US$1.45 billion (N524.41bn) for the year ended March 31, 2019 from  US$1.51 billion in […]

FMN recognises trades partners, commits to enhancing performance

NIGERIA – Flour Mills of Nigeria (FMN) has unveiled its new business partner strategy and rewarded key dealers for their patronage and performance at their Consumer conference and Grand gala event held recently in Lagos. […]

Flour Mills of Nigeria gets standards’ body product certification award

NIGERIA – Flour Mills of Nigeria, Nigeria’s food and agro-allied group, has been awarded the high-performance award by the Standards Organisation of Nigeria (SON) and Mandatory Conformity Assessment Programme (MANCAP) Certification. MANCAP which was introduced […]

Flour Mills of Nigeria re-brands cassava division in new business restructuring

NIGERIA – Thai Farm International Limited, subsidiary of Flour Mills of Nigeria Plc, has announced the change of its corporate name to Premium Cassava Products Limited. The change in the cassava processing division, which is […]

Flour Mills of Nigeria’s shareholders approve merger of five subsidiaries

NIGERIA – Flour Mills of Nigeria Plc (FMN), an agro-allied company, has received approval from its shareholders to merge five of its subsidiaries with its holding company under a Scheme of External Restructuring. The merger […]

Flour Mills of Nigeria’s year profit hit by 10% drop in sales revenue

NIGERIA – Flour Mills of Nigeria has posted sales revenue of US$743.26 million for the half year operations ended September 2018, a drop of close to 10% year-on-year.  An impressive growth of 54% in after […]

Flour Mills of Nigeria profits drop 26% in a challenging business environment

NIGERIA – Flour Mills of Nigeria Plc, the Nigerian agribusiness company has reported 26% decline in group operating profit from US$41.81 million to US$31 million in the first quarter ended June 30. Group revenue fell […]

Flour Mills Nigeria enters partnership with DowDuPont for maize hybrid development

NIGERIA – Flour Mills of Nigeria PLC, one of Nigeria’s leading food and agro-allied companies and Corteva Agriscience, Agriculture Division of DowDuPont have entered into partnership for maize hybrid seed development in Nigeria. According to […]