By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills of Nigeria Plc Monday said its profit after tax (PAT) dropped by -27.4 percent (-27.4%) in its third quarter (Q3) report for the period ended December 31, 2013. To record the drop in profit, the company in its Q3 of 2012 declared […]
Tag: Flour Mills of Nigeria
Merger: NSE Suspends BAGCO shares
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Monday suspended the trading in shares of Bag Manufacturing Company Plc (BAGCO) following the proposed Scheme of Merger between the Company and Flourmills of Nigeria Plc. This is coming on the heels of a Notice by Stanbic IBTC, Stockbrokers to […]
Flour Mills set to merge with Niger Mills
Flour Mills of Nigeria Plc has announced plans to merge with one of its subsidiaries, Niger Mills Company Limited. A statement on Friday, stated that it held 99.97 per cent equity in Niger Mills, and the proposed merger would facilitate the consolidation of the companies’ operations and processes into a […]
