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FLOUR Mills of Nigeria, FMN, weekend, called on state governments to do all they could to ensure adequate protection of its investments from all forms of insecurity, in order to ensure increased investments nationwide.

Views: Visits 7 …reiterates commitment to National Sugar Master Plan By Johnbosco Agbakwuru FLOUR Mills of Nigeria, FMN, weekend, called on state governments to do all they could to ensure adequate protection of its investments from all forms of insecurity, in order to ensure increased investments nationwide. Already, the Flour Mills Nigeria said it is investing over $300 million in the establishment of a sugar manufacturing company in Nasarawa state to stimulate economi...

The Nasarawa State Government and Flour Mills of Nigeria have signed a Memorandum of Understanding (MoU) for a $300million investment in sugar production. Under the MoU, the state leased 20,450 hectares of land to Flour Mills of Nigeria for 50 years, during which the company is expected to ramp up the Backward Integration Plan (BIP) […]

According to the National Bureau of Statistics (NBS), Nigeria’s unemployment figure currently stands at 33.3 per cent making her the highest on a global list of countries. Without mincing words, this is indeed a very depressing, disturbing and an alarming piece of information that should bother any discerning mind and whoever is interested in the […]

One of Nigeria’s largest Sugar manufacturers, Dangote Sugar revealed it increased prices in the first quarter of 2021 to mitigate the problems of rising inflation and depreciation. In a note to investors, the company revealed its recent 41.5% surge in revenues was due to an increase in sales volume as well as an uptick in price. In the first quarter of 2021, Dangote Sugar posted a revenue of N67.39 billion compared to N47.6 billion, the same period in 2020. The increase in price was driven by...

By Mon Apr 26 2021 Flour Mills of Nigeria PLC says it has invested N65 billion in its new Sugar Mill being developed on a 3000 hectares of land in Suntai, Niger State. It has also spent $200 million upgrading the sugar refinery in Apapa, Lagos. The Deputy Chief Operation Officer, Agro Allied Division at FMN, Sadiq Usman, made the statement when he received the Executive Secretary of the National Sugar Development Commission (NSDC), Mr Zach Adedeji during a tour of Golden Sugar Company in Lagos ...

Write open letter to President Chakwera appealing for consideration Rwandan nationals living in Malawi have written President Dr. Lazarus Chakwera, appealing for his intervention in addressing the plight of the refugees who have been ordered to close their small income generating activities and return to the refugee camp. Trading under the banner of Rwanda Bridge Builders, the Rwandese say the decision by the Malawi Government to relocate them to Dzaleka Refugee Camp has sent shivers in their s...

Commentary: Getting kids ready for primary school has to start even before they attend pre-school Toggle share menu Advertisement Commentary: Getting kids ready for primary school has to start even before they attend pre-school A new programme that was announced to help children transit from pre-school to primary school is laudable, but getting all children uniformly ready for formal schooling should start as early as possible, says an early child...

Sugar refining equipment under construction at LASUCO Obinna Chima who this week visited the Lafiagi Sugar Company, a subsidiary of the BUA Group, highlights efforts the company is taking to support the federal government’s National Sugar Master Plan, boost job creation and support economic diversification Nigeria’s National Sugar Master Plan (NSMP) was designed to attract over $1 billion annually in local and foreign direct investments and create an estimated 107,000 jobs over the first te...

BUA Group says the refinery will create 5,000 jobs for direct staff and indirectly create over 10,000 jobs for ancillary staff.