Flour Mills of Nigeria
Equities investors’ lose N50 billion in four trading days
The bears sustained dominance at the end of transaction yesterday on the equities sector of the Nigerian Stock Exchange (NSE), occasioned by price losses in high cap stocks, as investors’ wealth...
Stock market reverses previous gains, as index plummets by 0.7 per cent
Following price losses incurred by most blue-chip stocks, the Nigerian Stock Exchange (NSE) closed on a downward note yesterday, as the All-Share Index (ASI) slumped by 0.7 per cent.
FMN receives SON’s MANCAP certification
The Flour Mills of Nigeria Plc has received the Standards Organisation of Nigeria (SON’s) Mandatory Conformity Assessment Programme (MANCAP) for producing goods that meet the relevant Nigerian Industrial Standards (NIS). MANCAP introduced by SON in 2006, is a mandatory product certification scheme designed to ensure that locally manufactured products meet the relevant NIS. The…
Group lauds Flour Mills for donating vocational centre to physically challenged children in Lagos
A Non-Governmental Organisation (NGO), Care Giver Initiative (CGI), has applauded conglomerate giant firm, Flour Mills of Nigeria (FMN) Plc., for donating...
Farmers protest, seek probe of NIRSAL’s transactions
Hope Concept Cooperative Union (HCCU) has called on the Economic and Financial Crimes Commission (EFCC) to investigate the activities of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL). The farmers’ group in Lagos and Ogun states alleged that NIRSAL had been delaying release of about N298 million loan for them from the Central…
FMN posts N542b revenue, N13.6b PAT
Flour Mills of Nigeria (FMN) Plc has recorded group revenue of N542billion, and Profit After Tax (PAT) of N13.6billion for the financial year ended December 31, 2017.
‘Nigeria’s economic challenges are opportunities for business growth’
FMN has been in business in Nigeria for 57 years. The company has since evolved into a Group with direct and indirect investments in the foods and Agribusiness sectors of the economy, employing more than 11, 000 persons, and actively contributing to the Gross Domestic Product (GDP) of Nigeria.
Flour mills sets to maximise local content
"Reacting to the challenging economic realities, which began some years ago, Northern Nigerian Flour Mills in early 2015, temporarily suspended milling of imported Wheat. With the advantage of hindsight, it is clear that this was a perceptive decision."