News

FMN Mourns Ahmed Joda, One of Nigeria’s Great Titans Of Industry

Ihesiulo Grace 14 August 2021 0

The Late elder statesman Alhaji Ahmed Joda, CFR, OFR, CON who passed away on 13 August 2021, has been described by the Chairman and management of Flour Mills of Nigeria Plc as one of the iconic titans of industry in Nigeria. A statement signed by Chairman of the FMN Group Mr John G.

Business

FMDQ Exchange admits Flour Mills of Nigeria’s N30bn CP Notes

Ihesiulo Grace 2 June 2020 0

Committed to the continuous empowerment of the Nigerian financial market and the provision of uninterrupted services to all stakeholders, FMDQ Securities Exchange Limited (FMDQ Exchange) has announced the approval of the quotation of the Flour Mills of Nigeria PLC N10 billion Series 13 and N20.00 billion Series 14 Commercial Paper (CP) notes under its N100.00 […]

Business Capital Market Capital Market

NSE rebounds with market capitalisation growth of N14bn

Ihesiulo Grace 2 August 2019 0

Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday rebounded with an increase of a whopping N14 billion market capitalization, closing the first trading day in August at N13.522 trillion against N13.508 trillion recorded the previous day. Although, the improvement was said to have been achieved due to bargain hunting in […]

Business

Honeywell Flour Mills increases profit by 7% to N19bn in Q1

Ihesiulo Grace 1 August 2019 0

Temitope Adebayo Honeywell Flour Mills Plc. (HFMP) has increased its revenue by 7 per cent to N19 billion for the first quarter ended June 30, 2019, as against N17.7 billion recorded in the corresponding quarter of 2018. The company’s latest financial statement also showed a strong gross profit margin, which increased by 7 per cent […]

Business Capital Market

Equities market indices dip by 40% amid profit-taking

Ihesiulo Grace 23 July 2019 0

Temitope Adebayo The equities market of the Nigeria Stock Exchange (NSE) began this week trading activities on on Monday on a downward trend, with major indices shedding 0.40 per cent. Specifically, market capitalisation which opened at N13.606 trillion lost N54 billion or 0.40 per cent to close at N13.552 trillion against N13.606 trillion on Friday. […]

Business Headlines

Dangote Foods rewards 77 distributors, pledges to make Nigeria self-sufficient in food production

Ihesiulo Grace 23 February 2018 0

Dangote Foods, comprising Dangote Flour Mills, Dangote Sugar Refinery and NASCON Allied Industries has rewarded a total of 77 customers who distinguished themselves in 2017. At the award night held at the Expo Centre of Eko Hotel Victoria Island Lagos on Wednesday night, 11 winners emerged from each of the geopolitical regions while the balance […]