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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 economic activities in the state and provide employment opportunities to the people of the state. Group ...
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 5.7% pop in sales volume as the company sold 200,510 tonnes of sugar in the quarter compared to 189...