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FMN 56TH ANNUAL GENERAL MEETING

FMN held its 56th Annual General Meeting at Jasmine Hall, Eko Hotel and Suites, Victoria Island, Lagos on Thursday, 8th September, 2016. In spite of the strong economic headwinds and tough business environment, devaluation of the Naira and unrest in the North East, Flour Mills Group had an inspiring year wherein Group Revenue grew by […]

FMN DONATES N60M TO FOOD RESEARCH CENTER AT UNIVERSITY OF IBADAN

Flour Mills of Nigeria Plc (FMN) has donated the sum of N60million towards the setting up of Flour Mills Food Research Centre at the University of Ibadan, Nigeria.   The Research Centre which is a partnership between FMN and the University of Ibadan as part of its corporate social responsibility thrust which has a strong […]

More Than 1000 People In Apapa And Environs Benefit From FMN Caring For The Eye Initiative

In continuation of our dedication to healthcare, we organized a two-day Free Eye Screening exercise for people within the Apapa community and its environs. The program was carried out in collaboration with the Department of Ophthalmology, Lagos University Teaching Hospital (LUTH). The screening which took place at Apapa Local Government Town Hall, recorded more than […]

Let us go forward with Agriculture

In Nigeria, ‘oil money’ has been at the centre of national discourse in the last four decades. It has captured the imagination of Nigerians across divides for one singular reason: Oil has been the symbol of power, wealth, opulence, growth, and development. Arguably, everything that is lovable about Nigeria today is a direct consequence of […]

Just How Committed Are We To Saving The Naira?

April 1980 N0:55K = $1 October -2016 N315: 00k = $1   The present value of the Naira in the international market is almost unbelievable. From an exchange rate of N00:55k to $1 in 1980 to a current rate of up to N400 to a dollar in parallel markets, the Nigerian currency is at its […]

HERE IS OUR RESPONSE TO THE DOMINANCE OF OIL IN NIGERIA

Nigeria’s reliance on crude oil is once again at the front burner of national discourse. The country has depended solely on this natural resource for export and foreign exchange earnings for too long. The economy has recently witnessed a significant drop in the commodity’s price. Crude oil sales account for around 70 percent of government […]

FMN, EMPLOYING MILLIONS ACROSS NIGERIA

Recent statistics from the Nigeria Bureau of Statistics (NBS) suggest that over 1.5 million Nigerians became unemployed in the first quarter of 2016, and Nigeria’s unemployment rate grew from 10.4% in the last quarter of 2015 to 12.1% of the labour force in the first quarter of 2016. To many Nigerians right now, being gainfully […]