Flour Mills PAT up by 17% to N4.2 bn

Flour Mills PAT up by 17% to N4.2 bn    Vanguard FLOUR Mills Nigeria Plc has recorded Group's Profit After Tax, PAT, of N4.2 billion in its unaudited first quarter results, Q1'19, a 17 percent increase from N3.6 ... read more

Flour Mills shareholders get N2.89bn increase in dividend

Flour Mills shareholders get N2.89bn increase in dividend    The Punch Feyisayo Popoola. Shareholders of Flour Mills of Nigeria Plc have seen N2.89bn increase in dividends as the company proposed a payment of N1.20 dividend ... read more

Financial statements: NSE fines Flour Mills, eight others

Financial statements: NSE fines Flour Mills, eight others    The Punch Feyisayo Popoola The Nigerian Stock Exchange has fined Flour Mills of Nigeria Plc, Union Bank Nigeria Plc, Conoil Plc and six other companies N14.... read more

Honeywell Flour Mills Plc To Hold Its 10th AGM On September 26, 2019

Honeywell Flour Mills Plc To Hold Its 10th AGM On September 26, 2019    Proshare Nigeria Limited Notice is hereby given that the 10th Annual General Meeting of Honeywell Flour Mills Plc will hold as follows: read more

Investors in selling spree as market loses N263bn

Investors in selling spree as market loses N263bn    The Punch Feyisayo Popoola Investors in the nation's stock market have embarked on a selling spree as the market lost N263bn in five consecutive days. High... read more

Flour Mills of Nigeria Q3 2019 Results Review: Neutral Rating Maintained

Flour Mills of Nigeria Q3 2019 Results Review: Neutral Rating Maintained    Proshare Nigeria Limited Although Flour Mills of Nigeria's (FMN) Q3 2019 (end-Dec) sales beat our forecast, PBT missed on account of negative surprises in gross margin and non-core ... read more

Stock market reverts to losing trend, sheds N27.9bn

Stock market reverts to losing trend, sheds N27.9bn    The Punch Feyisayo Popoola The Nigerian stock market reverted to its bearish trend on Tuesday as it lost N27.9bn following sell-off... read more

Investors dump Dangote Cement, MTN shares

Investors dump Dangote Cement, MTN shares    The Punch Feyisayo Popoola The equities market declined by N88.3bn on Thursday on the back of major sell-offs witnessed in Dangote Cement Plc, MTN Nigeria C... read more

Flour Mills proposes 20% increase in dividend

Flour Mills proposes 20% increase in dividend    The Punch Feyisayo Popoola Flour Mills of Nigeria Plc says it is proposing a 20 per cent increase in its dividend for the 2018 financial year. The company ... read more

Flour Mills of Nigeria Plc Notifies on the Transfer of its Assets in Golden Fertilizer Division

Flour Mills of Nigeria Plc Notifies on the Transfer of its Assets in Golden Fertilizer Division    Proshare Nigeria Limited Flour Mills of Nigeria Plc (“FMN” or “FMN Group”), the market leader in food and agro allied products in Nigeria, today announced that it has filed a Scheme of ... read more

Nigeria: NSE All-Share Index Sheds 0.9 Percent As Market Resumes Bearish Trend

Nigeria: NSE All-Share Index Sheds 0.9 Percent As Market Resumes Bearish Trend    AllAfrica.com After one week of positive performance, the stock market began its depreciation last week following losses in bellwethers stocks such as Seplat Petroleum ... read more

FMN recorded 27.3 % decline in profit in three months

FMN recorded 27.3 % decline in profit in three months    The Punch Feyisayo Popoola Flour Mills of Nigeria Plc has recorded a 27.37 per cent decline in its profit after tax in three months to 31st December, 2018. ... read more

FLOURMILL Declares N4.00bn PAT in 2019 Audited Result,(SP:N16.20k)

FLOURMILL Declares N4.00bn PAT in 2019 Audited Result,(SP:N16.20k)    Proshare Nigeria Limited Flour Mills Of Nigeria Plc, Food Product company in Consumer Goods sector announced 3.37% Revenue decline in Q4'19 Result. read more

Profits of consumer goods firms drop by N38bn

Profits of consumer goods firms drop by N38bn    The Punch Feyisayo Popoola The profit of Fast Moving Consumer Goods companies listed on the Nigerian Stock Exchange declined by N38.02bn in the 2018 financi... read more

Flour Mills of Nigeria Q4 2019 Results Review: Earnings Hurt By Competitive Headwinds

Flour Mills of Nigeria Q4 2019 Results Review: Earnings Hurt By Competitive Headwinds    Proshare Nigeria Limited We have cut our earnings forecasts for Flour Mills of Nigeria (FMN) following its disappointing Q4 2019 results. FMN reported a loss of –N1.1bn in Q4 versus our ... read more

Flour Mills of Nigeria increases dividend payout by 20%

Flour Mills of Nigeria increases dividend payout by 20%    The Nation Newspaper The board of directors of Flour Mills of Nigeria Plc has recommended 20 per cent increase in dividend payout for the 2019 business year as the integrated food ... read more

GTB, UBA, others near one-year low on NSE

GTB, UBA, others near one-year low on NSE    The Punch Feyisayo Popoola The persistent bearish performance of stocks at the Nigerian Stock Exchange in recent times has seen prices of large cap stocks d... read more

Stock market records biggest gain in two months

Stock market records biggest gain in two months    The Punch Feyisayo Popoola the nation's stock market on Wednesday saw its biggest daily gain in over two months as investors gained N120.7bn at the end of t... read more

Flour Mills rewards 5 top dealers

Flour Mills rewards 5 top dealers    Daily Trust Flour Mills of Nigeria PLC has rewarded five top performing dealers with special award of 30-ton trucks and trailers. The presentation was made at a grand gala ... read more

FMN transfers assets in division to subsidiary

FMN transfers assets in division to subsidiary    The Punch Feyisayo Popoola Flour Mills of Nigeria Plc has transferred its assets in one of its divisions ― Golden Penny Fertiliser ― to its wholly owned agr... read more

Stocks sustain gains, investors earn N30bn

Stocks sustain gains, investors earn N30bn    The Punch Feyisayo Popoola. The nation's stock market on Tuesday sustained the gains it began the month with as the market capitalisation increased further to N13.421tn ... read more

Flour Mills’ net profit drops by 71% to N4b

Flour Mills’ net profit drops by 71% to N4b    The Nation Newspaper Flour Mills of Nigeria Plc witnessed contractions in sales and profitability in the immediate past business year, as net profit declined by 70.6 per cent from N13.6 ... read more

Flour Mills, others decry decaying infrastructure in Ogun

Flour Mills, others decry decaying infrastructure in Ogun    The Punch Anna Okon Flour Mills of Nigeria Plc and other key stakeholders in the manufacturing business in Ogun State have lamented the poor infrastructure ... read more

Flour Mills posts Q1 2019 unaudited results; records 17% growth in profit

Flour Mills posts Q1 2019 unaudited results; records 17% growth in profit    Premium Times Food and agro-allied company, Flour Mills Nigeria Plc, on Thursday announced a 17 per cent growth in its profit after tax for the first quarter of 2019. read more

Human resource management delivers organisational effectiveness – CIPM President

Human resource management delivers organisational effectiveness – CIPM President    The Punch In this interview with SAMUEL AWOYINFA, the President, Chartered Institute of Personnel Management of Nigeria, Wale Adediran, talks about the human ... read more

Olam Offers to Buy Nigeria's Dangote Flour Amid Focus Shift

Olam Offers to Buy Nigeria's Dangote Flour Amid Focus Shift    Bloomberg Olam International Ltd. made a cash bid to buy Dangote Flour Mills Plc of Nigeria as the Singapore-based agriculture trader looks to expand in West Africa as ... read more

Nigeria in 1min: Economic, Business and Financial Headlines - 030919

Nigeria in 1min: Economic, Business and Financial Headlines - 030919    Proshare Nigeria Limited Minister Urges Banks To Support Revival Of Agro-Allied Industries In Nigeria - The Minister of Agriculture and Rural Development Alhaji Mohammed Sabo ... read more

Flour Mills profit drops by 85.71%

Flour Mills profit drops by 85.71%    The Punch Feyisayo Popoola Flour Mills of Nigeria Plc has reported an 85.71 per cent decline in the profit of its parent company. The financial statement f... read more

Flour Mills, Mixta Real Estate float N15b CPs

Flour Mills, Mixta Real Estate float N15b CPs    The Nation Newspaper Flour Mills of Nigeria Plc and Mixta Real Estate Plc have opened application lists to raise about N15 billion in new short-term capital through the issuance of ... read more

Flour Mills of Nigeria profit, sales slide in quarter

Flour Mills of Nigeria profit, sales slide in quarter    World Grain LAGOS, NIGERIA — Flour Mills of Nigeria Plc posted group operating profit of naira 11.2 billion ($31 million) in the first quarter ended June 30, down 26% from ... read more

FMN lists N20.11bn bond on NSE, FMDQ

FMN lists N20.11bn bond on NSE, FMDQ    The Punch Flour Mills of Nigeria Plc has listed a N20.11bn bond on the Nigerian Stock Exchange and the FMDQ OTC Plc. The Group Managing Director, Flour Mill... read more

Olam International submits binding offer to acquire Dangote Flour Mills Plc in Nigeria - african

Olam International submits binding offer to acquire Dangote Flour Mills Plc in Nigeria    african-markets.com Global food and agri-business Olam International (Olam or the Company) has submitted a binding offer to acquire 100% equity ownership of Dangote Flour Mills ... read more

FLOURMILL Declares N7.89 bn PAT in Q3'19 Results,(SP:N19.00k)

FLOURMILL Declares N7.89 bn PAT in Q3'19 Results,(SP:N19.00k)    Proshare Nigeria Limited FMN's Q3 2019 PBT more than halved to N3.0bn largely due to a -484bps contraction in gross margin to 11.1%. read more

Flour Mills of Nigeria Plc Bond Issuance Closes Today

Flour Mills of Nigeria Plc Bond Issuance Closes Today    Proshare Nigeria Limited Thank you for your interest in Flour Mills of Nigeria Plc (“FMN” or the “Company”) Bond Issuance of up to N30 billion across two tenors – (i) a 3-year (“Series 1”), ... read more

Flour Mills subsidiary to unveil N50bn sugar estate

Flour Mills subsidiary to unveil N50bn sugar estate    Punchng Feyisayo Popoola Leading agro-allied firm, Flour Mills of Nigeria Plc, has announced plans to open its N50bn sugar estate, the Sunti Golden Sugar ... read more

Nine-month profit falls 36% at Flour Mills of Nigeria

Nine-month profit falls 36% at Flour Mills of Nigeria    World Grain LAGOS, NIGERIA — Flour Mills of Nigeria Plc posted group operating profit of naira 27.3 billion ($75.2 million) in the nine months ended Dec. 31, 2018, down ... read more

Stock market gains N255bn on renewed investors’ interests

Stock market gains N255bn on renewed investors’ interests    The Punch Feyisayo Popoola The nation's stock market sustained its bullish performance on Thursday, gaining N255bn in two days as investors took positions i... read more

Flour Mills Suffered From The Tough Operating Environment in HY1 2018

Flour Mills Suffered From The Tough Operating Environment in HY1 2018    Proshare Nigeria Limited The financial performance of Flour Mills of Nigeria Plc (FMN) suffered from the temporary tough operating environment in HY1 2018. read more

Flour Mills, UACN list N20.50bn commercial papers on FMDQ

Flour Mills, UACN list N20.50bn commercial papers on FMDQ    The Punch Flour Mills of Nigeria Plc and UACN Property Development Company Plc have listed N20.50bn commercial papers on the FMDQ OTC Securities Exchange. T... read more

Olam amends Dangote Flour Mill acquisition offer

Olam amends Dangote Flour Mill acquisition offer    World Grain SINGAPORE — Olam International Ltd. amended its initial acquisition offer for Dangote Flour Mills Plc (DFM) from 130 billion naira to 120 billion naira or 24 ... read more

Flour Mills, 16 others push stock market higher

Flour Mills, 16 others push stock market higher    The Punch Feyisayo Popoola. The nation's stock market on Monday witnessed a rebound as investors gained N7bn on the back of price appreciation recorded in Flour Mills ... read more

Flour Mills Commercial Paper Offers 14.75% Yield; Offer Closes On Wednesday

Flour Mills Commercial Paper Offers 14.75% Yield; Offer Closes On Wednesday    Proshare Nigeria Limited Last week, the Treasury Bills (“T-Bills”) market reversed its bullish performance following selloffs across all tenors driven by tight system liquidity (N100.0bn short ... read more

Flour Mills of Nigeria lists N20bn Bonds On NSE, FMDQ

Flour Mills of Nigeria lists N20bn Bonds On NSE, FMDQ    Daily Trust Flour Mills of Nigeria Plc has successfully registered a N70 billion bond issuance programme and issued N10,110000000 Series 1 and... read more

Nigeria's growing market for wheat flour | 2018-08-22

Nigeria's growing market for wheat flour | 2018-08-22    World Grain Nigeria, the most populous country in Africa, is a massive market for wheat flour served by some of its biggest flour milling companies in a highly concentrated ... read more

Flour Mills to reward key distributors with vans

Flour Mills to reward key distributors with vans    The Punch Feyisayo Popoola Flour Mills of Nigeria Plc has said it plans to donate delivery vans to its key distributors across the country. The Head of Sal... read more

Honeywell Flour Mills grows revenue to N74.4 billion

Honeywell Flour Mills grows revenue to N74.4 billion    Guardian Nigeria Honeywell Flour Mills Plc (HFMP), a leading foods manufacturer in Nigeria, has grown its revenue by 4 per cent to N74.4 billion recording its largest revenue ... read more

Manufacturing equities hit by harsh business environment

Manufacturing equities hit by harsh business environment    Guardian Nigeria The manufacturing sector was not isolated from the harsh operating environment as the bottom-line of the listed equities, especially in the last few years has ... read more

Focus on Nigeria | 2019-02-14

Focus on Nigeria | 2019-02-14    World Grain Nigeria imports large quantities of grain to feed its big population. Wheat is important to the diet of many Nigerians, but the country is dependent on imports to ... read more

FMN receives SON's MANCAP certification

FMN receives SON's MANCAP certification    Guardian Nigeria The Flour Mills of Nigeria Plc has received the Standards Organisation of Nigeria (SON's) Mandatory Conformity Assessment Programme (MANCAP) for ... read more

Up Next Smugglers Threaten Nigeria's Sugar Sufficiency Plan – FMN

Up Next Smugglers Threaten Nigeria's Sugar Sufficiency Plan – FMN    Leadership Newspaper Smugglers Threaten Nigeria's Sugar Sufficiency Plan – FMN The management of Flour Mills Nigeria (FMN) Plc has raised alarm over what it called the incessant ... read more

Flour Mills of Nigeria Q4 2018 Results - Sales Down by -14% YoY to N115.16bn

Flour Mills of Nigeria Q4 2018 Results - Sales Down by -14% YoY to N115.16bn    Proshare Nigeria Limited FMN's 2018 PBT surprised negatively relative to consensus 2018 PBT forecast of N22.8bn. As such, we expect to see downward revisions to consensus 2019E ... read more

Chams, Dangote Flour, 19 others push stock market higher

Chams, Dangote Flour, 19 others push stock market higher    The Punch Feyisayo Popoola Chams Plc, Dangote Flour Mills Plc and 19 other companies pushed the stock market higher on Tuesday reversing the losses recorded... read more

Share prices hit 10-year low amid uncertainties, weak economy, others

Share prices hit 10-year low amid uncertainties, weak economy, others    Guardian Nigeria Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most bluechip companies quoted on the ... read more

Flour Mills of Nigeria results steady despite challenges

Flour Mills of Nigeria results steady despite challenges    World Grain LAGOS, NIGERIA – Flour Mills of Nigeria Plc reported total comprehensive income of naira 4.55 billion ($12 million) for the quarter ended June 30, up from naira ... read more

Flour Mills shareholders approve N2.03bn dividend payout

Flour Mills shareholders approve N2.03bn dividend payout    Punchng The shareholders of Flour Mills of Nigeria Plc have approved a dividend payout of N1 for every ordinary share of 50 kobo, amounting to a total of N2.032bn, ... read more

Flour Mill of Nigeria Plc to Raise Additional Equity Funds

Flour Mill of Nigeria Plc to Raise Additional Equity Funds    Proshare Nigeria Limited The Board of Directors, Flour Mills of Nigeria Plc (FMN) has given approval in principle to the plans to commence with activities to raise additional funds through ... read more

Flour Mills of Nigeria PLC Commissions N50 Billion Sunti Golden Sugar Estate in Niger State

Flour Mills of Nigeria PLC Commissions N50 Billion Sunti Golden Sugar Estate in Niger State    AllAfrica.com Flour Mills of Nigeria Plc, (FMN Group) market leader in food and agro-allied products in Nigeria, today announced that its biggest agricultural investment in ... read more

Flour Mills of Nigeria Plc. - Thoughts on the Capital Raise

Flour Mills of Nigeria Plc. - Thoughts on the Capital Raise    Proshare Nigeria Limited Yesterday, the management of FLOURMILL notified the NSE of its Board Approval in principle to commence with activities to raise additional funds through ... read more

Flourmill of Nigeria Appoints New Chief Finance Officer

Flourmill of Nigeria Appoints New Chief Finance Officer    Proshare Nigeria Limited Flour Mills Plc (“FMN” or “FMN Group”), market leader in food and agro-allied products in Nigeria, today, announces that Mr. Jacques Vauthier, will be resigning ... read more

Flour Mills of Nigeria Plc Expands Its Investments in the Agriculture Sector

Flour Mills of Nigeria Plc Expands Its Investments in the Agriculture Sector    Proshare Nigeria Limited In a move that further reiterates the commitment of Flour Mills of Nigeria Plc to the development of the Agriculture Sector in Nigeria, and the pursuance of its core ... read more

Honeywell Flour Net Profit Decline By 98%

Honeywell Flour Net Profit Decline By 98%    Leadership Newspaper Honeywell Flour Net Profit Decline By 98% Honeywell Flour Mills Plc has recorded a decline of 98.46 per cent in its net profit for the year ended March 31, 2019. read more

Flourmills, Honeywell, NNFM Profits Decline By N8bn In 9 Months

Flourmills, Honeywell, NNFM Profits Decline By N8bn In 9 Months    Leadership Newspaper Flour Mills of Nigeria (FMN) Plc, Honeywell Flour Mills Plc, and Northern Nigeria Flour Mills (NNFM) Plc have reported a total net profit decline of N8.158 billion ... read more

Flour Mills of Nigeria increases stake in Rom Oil Mills Ltd.

Flour Mills of Nigeria increases stake in Rom Oil Mills Ltd.    World Grain LAGOS, NIGERIA – Flour Mills of Nigeria Plc (FMN), a producer of food and agro-allied products in Nigeria, has increased its shareholding in Rom Oils Mills ... read more

Flour Mills of Nigeria Plc - Proposed Rights Issue

Flour Mills of Nigeria Plc - Proposed Rights Issue    Proshare Nigeria Limited Dealing Members are hereby notified that Flour Mills of Nigeria Plc has through its Stockbrokers; Stanbic IBTC Stockbrokers Limited submitted an application to ... read more

Honeywell Flour Mills grows earnings to N19bn in Q1’19

Honeywell Flour Mills grows earnings to N19bn in Q1’19    Vanguard Nigeria News - HONEYWELL Flour Mills Plc has recorded N19 billion gross earnings for its first quarter (Q1) ended June 30, 2019, representing. read more

Nigeria: Dangote Flour Mills Dominates Market On Production Expansion

Nigeria: Dangote Flour Mills Dominates Market On Production Expansion    AllAfrica.com In maintaining its leadership position in the industry, Dangote Flour Mills Plc has continued to implement its aggressive strategies with its new introduced kind of ... read more

Investment expert bets on GTB, FlourMill, Stanbic IBTC shares

Investment expert bets on GTB, FlourMill, Stanbic IBTC shares    Vanguard AS the year rolls to an end, an investment expert, Mr. Bismarck Rewane, Chief Executive, Financial Derivative Company, FDC, has advised investors to look at ... read more

'Smuggling inhibiting backward integration projects' | The News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News - Guardian Nigeri

'Smuggling inhibiting backward integration projects' | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News    Guardian Nigeria Despite the backward integration policy aimed at boosting local production of sugar cane to serve as raw sugar for sugar refineries, a subsidiary of Flour Mills of ... read more

Thai farm changes name to PCPL

Thai farm changes name to PCPL    The Punch Anna Okon. Cassava processor, flour and garri production firm, Thai Farm International Limited (a subsidiary of Flour Mills of Nigeria Plc), has announced the ... read more

Flour Mills Records 54% Increase In PAT

Flour Mills Records 54% Increase In PAT    Leadership Newspaper Flour Mills Records 54% Increase In PAT Flour Mills Nigeria Plc has posted a profit- after - tax growth of 54.09 per cent in its audited financial result for the year ... read more

Highlights of Flour Mills of Nigeria 2017 Audited Financial Statement

Highlights of Flour Mills of Nigeria 2017 Audited Financial Statement    Proshare Nigeria Limited 2016/17 financial year was remarkable for its overwhelming macroeconomic challenges for the Nigerian manufacturing industry, a fallout of some global political ... read more

Honeywell Flour Mills skips dividend as profit drops by N4.4b

Honeywell Flour Mills skips dividend as profit drops by N4.4b    The Nation Newspaper The board of directors of Honeywell Flour Mills Plc will not be recommending payment of dividend for the immediate past business year as the flour-milling ... read more

Flour Mills, DowDuPont to develop hybrid maize seed

Flour Mills, DowDuPont to develop hybrid maize seed    Punchng Anna Okon Flour Mills of Nigeria Plc has announced a strategic partnership with the agricultural division of DowDupont, Corteva Agriscience, on th... read more

Apapa gridlock crashes earnings in consumer goods sector

Apapa gridlock crashes earnings in consumer goods sector    Vanguard Nigerian News - THE unrelenting Apapa traffic gridlock as well as the unchecked dumping of consumer goods in the country have continued to take their toll o. read more

Honeywell Flour Mills grosses N19b in 3 months

Honeywell Flour Mills grosses N19b in 3 months    The Nation Newspaper Honeywell Flour Mills Plc recorded modest growths across key performance indicators in the first three months of its current business year, putting the ... read more

Flour millers still battling recession hangover

Flour millers still battling recession hangover    The Nation Newspaper One sector that is yet to completely exit recession is the flour mill industry where operators are in dire financial straits, no thanks to the poor operating business ... read more

Ecobank, Unilever, 21 others drag stock market lower

Ecobank, Unilever, 21 others drag stock market lower    The Punch Feyisayo Popoola The nation's stock market shed a further N15bn on Thursday as losses in stocks, led by Ecobank Transnational Incorporated, dragg... read more

Lagos Stocks' Best Run Since 2017 Sees Investors Upbeat Pre-Vote

Lagos Stocks' Best Run Since 2017 Sees Investors Upbeat Pre-Vote    Bloomberg Lagos stocks extended their winning streak to the longest since July 2017 before this weekend's election, as investors stepped up their bets on a ... read more

Flour Mills of Nigeria Q4 2017 & Q1 2018 Results Review - Maintaining OP Rating on Strong Q1 Results

Flour Mills of Nigeria Q4 2017 & Q1 2018 Results Review - Maintaining OP Rating on Strong Q1 Results    Proshare Nigeria Limited Flour Mills of Nigeria's (FMN) Q1 2018 (end-Jun) and Q4 2017(end-Mar) results came in ahead of our forecasts. In Q1 2018, the key driver behind the positive ... read more

Flour Mills of Nigeria Plc Series 8, 9 & 10 Commercial Paper Issue - Offer Now Open

Flour Mills of Nigeria Plc Series 8, 9 & 10 Commercial Paper Issue - Offer Now Open    Proshare Nigeria Limited Flour Mills of Nigeria PLC Series 8, 9 & 10 Commercial Paper is now open for subscription and is due to close on Friday, January 13, 2017. Please find below a ... read more

Stock market drops to two-year low

Stock market drops to two-year low    The Punch Feyisayo Popoola The Nigerian stock market on Wednesday dropped to a two-year low level as the All Share Index of stocks declined by 0.82 per cen... read more

Company set to commission N50bn Sunti Golden Sugar Estate

Company set to commission N50bn Sunti Golden Sugar Estate    Pulse Nigeria Flour Mills of Nigeria PLC is set to a 50 Billion Naira Sugar production facility. Flour Mills of Nigeria is an Agribusiness company that has been feeding the nation ... read more

Stocks fall further, investors lose N365bn in three days

Stocks fall further, investors lose N365bn in three days    The Punch Oando, 29 others drag market cap below N12tn Feyisayo Popoola Investors in the nation's stock market lost a total of N365bn in the last three da... read more

Flour Mills of Nigeria Reports Q4 2017 Results; Sales Grew by 71% YoY

Flour Mills of Nigeria Reports Q4 2017 Results; Sales Grew by 71% YoY    Proshare Nigeria Limited Late yesterday, the NSE published Flour Mills of Nigeria's (FMN) Q4 2017 (end-Mar) results which showed that PAT grew to N2.2bn from a post-tax loss of ... read more

MTN, Vitafoam, 10 others push stock market higher

MTN, Vitafoam, 10 others push stock market higher    The Punch Market capitalisation rises by N480bn 'Femi Asu The nation's stock market extended its gaining streak on Wednesday to the fifth straight day on ... read more

Flour Mills of Nigeria Plc Increases Its Shareholding in Rom Oil Mills Limited

Flour Mills of Nigeria Plc Increases Its Shareholding in Rom Oil Mills Limited    Proshare Nigeria Limited Flour Mills of Nigeria Plc. (FMN) Group, the market leader in food and agro-allied products in Nigeria hereby announces an increase in the shareholding of one ... read more

FMN shareholders approve merger of five subsidiaries

FMN shareholders approve merger of five subsidiaries    Guardian Nigeria Shareholders of Flour Mills Plc (FMN), Wednesday, approved directors' proposal to embark on a restructuring exercise that would enable it merge five of its ... read more

Buhari inaugurates 100,000-tonne Flour Mills’ sugar plant

Buhari inaugurates 100,000-tonne Flour Mills’ sugar plant    Punchng Anna Okon President Muhammadu Buhari on Thursday inaugurated a 100000-tonne capacity sugar plant belonging to the Flour Mills Nigeria Plc. The p... read more

Distributors win big at FMN awards

Distributors win big at FMN awards    Punchng Flour Mills of Nigeria Plc has said it rewarded key distributors of its products during an annual customer forum and awards ceremony in Lagos. It ... read more

Honeywell shareholders approve N475.8m dividend payment

Honeywell shareholders approve N475.8m dividend payment    Punchng The shareholders of Honeywell Flour Mills Plc have approved a dividend payment of 60 kobo for every 50 kobo ordinary share, amounting to a total of N475.8m ... read more

Stock market rebounds as 18 firms gain N19bn

Stock market rebounds as 18 firms gain N19bn    The Punch Feyisayo Popoola The equities market opened the week on a positive note as gains in Dangote Flour Mills Plc and 17 other stocks pushed the marke... read more

7 events that shaped the Nigerian Stock Market on Tuesday

7 events that shaped the Nigerian Stock Market on Tuesday    Pulse Nigeria The Nigerian Stocks Market dipped by 0.03% to close at 30076.00 on Tuesday as the market resumed trading after Easter holidays. read more

Dangote introduces new flour brand | 2018-09-10

Dangote introduces new flour brand | 2018-09-10    World Grain LAGOS, NIGERIA — Dangote Flour Mills Plc has introduced a new multipurpose flour brand in Nigeria. Dangote said the All-Purpose Flour (APF) has been well ... read more

Group lauds Flour Mills for donating vocational centre to physically challenged children in Lagos

Group lauds Flour Mills for donating vocational centre to physically challenged children in Lagos    Guardian Nigeria A Non-Governmental Organisation (NGO), Care Giver Initiative (CGI), has applauded conglomerate giant firm, Flour Mills of Nigeria (FMN) Plc., for donating a ... read more

Functional Flours Market 2019 – Cargill, Incorporated (US), Archer Daniels Midland Company (US), Bunge Limited (US), Associated British Foods plc (UK), General Mills, Inc. (US)

Functional Flours Market 2019 – Cargill, Incorporated (US), Archer Daniels Midland Company (US), Bunge Limited (US), Associated British Foods plc (UK), General Mills, Inc. (US)    Industry Segment The Global Functional Flours Market Report 2019-2025 includes a comprehensive analysis of the present Functional Flours Market. It specifies the Functional ... read more

WIMBIZ decries high cost of women exclusion in key areas, urges turnaround

WIMBIZ decries high cost of women exclusion in key areas, urges turnaround    Guardian Women in Management, Business and Public *Service* (WIMBIZ) this week held its 13th CEO/Policy-Maker Interactive Breakfast Series in Lagos where they ... read more

Global Rice Flour Market : Full In-depth Analysis by Top Key Players, Regional Outlook, Latest Trend and Forecast to 2024

Global Rice Flour Market : Full In-depth Analysis by Top Key Players, Regional Outlook, Latest Trend and Forecast to 2024    Rapid News Network The Rice Flour market referenced in the report has all the useful essential information, for example, the financial strategies, applications, future growth, ... read more

Flour Mills' John Coumantaros explains facts behind the N39.9bn rights issue

Flour Mills' John Coumantaros explains facts behind the N39.9bn rights issue    CNBCAfrica.com Flour Mills of Nigeria Plc has started a rights issue which it hopes will see it raise 39.9 billion naira. John Coumantaros, Chairman of Flourmills of Nigeria joins ... read more

Flour Mills declares N14.42bn profit

Flour Mills declares N14.42bn profit    The Punch Flour Mills of Nigeria Plc on Friday announced a profit of N14.42 billion for the financial year ended March 31, 2016. This was in contrast with N... read more

FLOURMILL FY 2018 Results - Gains from Deleveraging To Support FY 2019 PAT

FLOURMILL FY 2018 Results - Gains from Deleveraging To Support FY 2019 PAT    Proshare Nigeria Limited FLOURMILL recently released its FY'18 financial results showing a 3% y/y rise in revenue to ₦542.7 billion and a notable 54% y/y jump in PAT to ₦13.6 billion. read more