FMN
3 Oct
Flour Mills of Nigeria (FMN) Plc said its share acquisition is part of its plan to transition into a leader in the continent and properly align its long-term growth strategy.
26 Sep
Despite huge sector investment and enormous growth potential, given the compelling demographic configuration, which places Nigeria as one of the largest consumer markets in Sub-Saharan Africa, chances of survival for companies under the FMCG sector
24 Sep
Flour Mills of Nigeria Plc (FMN) majority shareholder has obtained all requisite regulatory approvals to propose a buy-out offer to minority shareholders. FMN on Tuesday announced that its majority shareholder has made an offer to buy out minority shareholders. The process, which is being conducted through a scheme of arrangement, has received a “No Objection”…
13 Apr
For a process to be considered innovative it must be useful and novel. It is in its usefulness and novelty that one can meaningfully distinguish an idea or an initiative from being merely creative. Progressively, as the global demand for innovation continues to improve, the word ‘innovative’ is sometimes used as a mere buzzword to depict dazzling suggestions that tickle each generational fancy.
11 Nov 2023
Shareholders of the Flour Mills of Nigeria Plc (FMN), a leading Nigerian food and agro-allied company, has hailed the company for its commitment to sustainable value creation. They stated this recently at the company's 63rd Annual General Meeting (AGM) at the Eko Hotel and Suites, Victoria Island, Lagos. The meeting brought together shareholders, board members,…
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7 mins ago
The Federal High Court sitting in Kano has restrained the state Independent Electoral Commission (KANSIEC) from conducting elections into chairmanships and councillorship seats in the 44 local government areas of the state. In a landmark judgment delivered by Justice Simon Amobeda on Tuesday, the court declared that all activities and preparations of KANSIEC in respect…
16 mins ago
The Vice-Chancellor of the University of Ilesa, Ilesa, Osun State, Prof. Taiwo Olufemi Asaolu, has described the recurring invasion by herdsmen and encroachment by illegal miners on the school land as some of the challenges confronting the institution. He said that due to the lack of perimeter fencing in the school, herders and miners have…
27 mins ago
Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has raised the alarm over projections by multiple sources that the global loss to cybercrimes may reach a staggering $10.5 trillion by 2025, with approximately 2,328 cases occurring daily. Olukoyede made this revelation on Tuesday in Abuja at the National Summit on Cybercrime…
38 mins ago
An infection with the new mpox variant clade 1b has been detected in Germany for the first time, the Robert Koch Institute health authority said on Tuesday. The infection occurred abroad and was detected last Friday, the institute said, adding that it did not see an increased risk for Germany but was "monitoring the situation…
51 mins ago
The Human Rights Writers Association of Nigeria (HURIWA) has condemned the federal government's plan to build lavish housing for judges, labelling it an act of corruption. The pro-democracy group claims that the executive branch’s decision to allocate public funds for the construction of luxury homes for judicial officers violates the principle of separation of powers…
1 hour ago
Jigawa State has successfully raised over N1 billion in support for victims of the recent tanker explosion in Majiya in Taura Local Government Area (LGA) of the state. The announcement was made by the state Commissioner for Information, Home Affairs, Youths and Sports, Sagir Musa, following a State Executive Council (SEC) meeting chaired by Governor…
1 hour ago
No fewer than 542 personnel are competing in the 2024 Nigerian Army Small Arms Championship (NASAC), the News Agency of Nigeria (NAN) reports. The week-long championship would featured 109 officers and 433 soldiers at Jaji Military Cantonment Range in Kaduna State. The participants comprised personnel of the Army Headquarters Garrison, Abuja; 1 Division Kaduna, 2…
1 hour ago
The Minister of Power, Adebayo Adelabu, has announced the formation of a forensic investigative committee aimed at addressing the ongoing issues of grid collapses in Nigeria. The announcement follows recent disturbances to the national grid, which caused blackouts in several regions of the country twice within the past week. In a statement from his media…
1 hour ago
The House of Representatives Committee on Defense, says it will ensure effective utilization of resources allocated to military colleges and institutions. The institutions are: the Nigerian Defense Academy (NDA); Defense Industries Corporation of Nigeria (DICON) and the Armed Forces Command and Staff College (AFCSC) Jaji. The Chairman of the committee, Babajimi Benson, said this on…
1 hour ago
Officials from the Transmission Company of Nigeria (TCN) and Kaduna Electric have called for patience among residents in Northern states as the region continues to experience power outages due to issues with electricity transmission. On Tuesday, TCN announced that the outages were linked to the tripping of its 330kV DC Transmission Line, which has affected…