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Tag "Flour Mills"

Sugar prices will not be increased during Ramadan, manufacturers assure FG

    Sugar prices will not be increased during Ramadan, manufacturers assure FG

Major sugar producers in Nigeria say prices of the commodity will remain at current levels during the Ramadan festivities. In Islam, Ramadan is the ninth month of the Muslim calendar

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N22.5bn FX loss overturns Flour Mills’ profit in Q1

    N22.5bn FX loss overturns Flour Mills’ profit in Q1

Flour Mills of Nigeria Plc incurred a foreign exchange (FX) loss of N22.5 billion in its first quarter (Q1) operations following the devaluation of the naira — which overturned the

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N37bn finance expenses cut Flour Mills’ profit by 41% in Q3 2022

    N37bn finance expenses cut Flour Mills’ profit by 41% in Q3 2022

Finance expenses of N37.5 billion claimed all the increase in operating profit of Flour Mills of Nigeria Plc and sent pre-tax profit crashing by 41 percent to less than N15

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Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

    Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

Flour Mills of Nigeria Plc piled up balance sheet debts to over N322 billion as interest rates headed upwards in the Central Bank’s inflation-curbing policy thrust. Within the three months

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Flour Mills releases sustainability report, renews commitment to local content development

  Flour Mills releases sustainability report, renews commitment to local content development

Flour Mills of Nigeria (FMN) has released its 2020/2021 sustainability report reaffirming its commitment to local content development. In the

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Flour Mills records 51% increase in revenue

  Flour Mills records 51% increase in revenue

Flour Mills of Nigeria (FMN) has recorded an annual revenue increase of 51 per cent across all business segments. The

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Acquisition: Flour Mill positioned to deepen backward integration, boost employment

  Acquisition: Flour Mill positioned to deepen backward integration, boost employment

BY MONSURU TOLANI Decades before Nigeria first discovered oil in the Oloibiri area of modern-day Bayelsa state in 1956, agriculture

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Russia-Ukraine war: Ban export of maize to avoid scarcity, Dangote tells FG

  Russia-Ukraine war: Ban export of maize to avoid scarcity, Dangote tells FG

Aliko Dangote, chairman of the Dangote Group, says the federal government should stop the export of maize from Nigeria to

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CBN restricts sugar importation to Flour Mills, Dangote, BUA

  CBN restricts sugar importation to Flour Mills, Dangote, BUA

The Central Bank of Nigeria (CBN) has restricted the importation of sugar to three companies due to their backward integration

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Boye Olusanya, former 9mobile MD, appointed Flour Mills CEO

  Boye Olusanya, former 9mobile MD, appointed Flour Mills CEO

Flour Mills of Nigeria Plc (FMN) has appointed Omoboyede Olusanya, former 9mobile managing director, as its chief executive officer (CEO)

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