Flour Mills of Nigeria
With access to foreign exchange for raw materials becoming challenging for many manufacturers, Flour Mills of Nigeria (FMN) has stated that its investment in the backward integration plan was geared towards securing its supply chain and maintaining quality.
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downturn, yesterday, as losses in Dangote cement, flour mills, and others dragged market capitalisation by N551 billion.
The Russian-Ukrainian conflict may have continued to take toll on the equities sector of the Nigerian Exchange Limited (NGX) as the market extended its bearish trend, causing market capitalisation to dip further by N58 billion.
18 Dec 2021
The managing director, Foods Division, Flour Mills of Nigeria Plc. (FMN), Devlin Hainsworth, has reaffirmed the company’s commitment to its trading partners through investments and collaboration for growth. The company recently hosted its annual Customer forum and awards ceremony in Lagos to show appreciation for and honour its customers and business partners. The yearly event…
25 Nov 2021
Flour Mills of Nigeria Plc (FMN) has assured its stakeholders that the recent announcement by the Group to assume majority shareholder status of Honeywell Flour Mills Plc (HFMP), was made after carrying out necessary due diligence and obtaining appropriate legal guidance. FMN said the agreement was not in breach of any subsisting order of court…
22 Nov 2021
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited On Monday announced that they have signed an agreement for the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc (HFMP), a portfolio company of HGL, at a total enterprise value of NGN80 billion, HGL will dispose of a 71.69% stake in…
4 Nov 2021
To address the challenges of rising food prices across the country, more players in the agri-food system need to increase their investments in homegrown innovation and local production of raw materials, stakeholders have said. Speaking at the sub-summit of the recently concluded NES, which had its theme as: Sustainable Food Security and Systems Response, the…
24 Sep 2021
The Nigerian equities market halted its three consecutive days of losses yesterday, as a result of renewed appetite in some blue-chip stocks, causing investors’ wealth to appreciate by N11 billion.
14 Aug 2021
The management of Flour Mills of Nigeria Plc has described the late elder statesman Ahmed Joda, who passed away on Friday as one of the iconic titans of industry in Nigeria. A statement signed by Chairman of the FMN Group Mr John G. Coumantaros, said Alhaji Ahmed Joda who passed at the golden old age…
30 Jul 2021
After the recent settlement of Oando’s four years rift with the Securities and Exchange Commission (SEC), the shares of the petroleum marketing giant...
8 Jul 2021
By championing backward integration programmes to expand value delivery across all value chains, including strategic partnerships with smallholder farmers, the Flour Mills of Nigeria Plc...
1 Jul 2021
The capital market closed trading for the First Half (H1) yesterday, in an upbeat as price gains outweighed losses, leading to an appreciation in the market capitalisation by N139 billion.