Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters on Friday. John Coumantaros said revenue for the manufacturer of products like pasta, flour, vegetable oil, livestock feed and also cement grew 11-15 […]
Tag: Flour Mills Nigeria
BAGCO acquisition: Flour Mills gets SEC’s approval
Flour Mills of Nigeria Plc has received an approval in principle from the nation’s chief capital market regulatory body, the Securities and Exchange Commission, to buy Nigerian Bag Manufacturing Company Plc. The company, in a notice to the Nigerian Stock Exchange on Tuesday, said it would recommend to its shareholders […]
Shareholders approve ROM Oil acquisition by Flour Mills
Shareholders of Flour Mills of Nigeria Plc have given a unanimous approval to the company’s bid to acquire 90 per cent equity shareholding in ROM Oil Mills Limited. The approval was given at the company’s 52nd Annual General Meeting in Lagos on Wednesday. Also at the meeting, the company’s Board […]
