Dangote Sugar has come out to debunk claims made by one of its fierce competitors in the sugar market.
Flour Mills Nigeria Plc has stated that the recent reopening of the nation’s land borders will not affect the profitability of the company.
Flour Mills declared a profit of N5.65 billion in Q3 2020, a 150.26% improvement from 2019 figures.
Flour Mills shares lost N7.4 billion in today’s session, amid sell-offs occasioned by profit-taking activities by investors.
The plan to source its raw materials locally helped reduce costs of maize sourcing per ton.
NSE announced the resignation of Mr. Atedo Peterside which took effect on the 30th of June 2020.
About 30 firms were fined for unauthorised publications, non-disclosure of material information, failure to file their financial statements by the due date.
Stock market Investors lost N305.99 billion on Friday, being the fifth consecutive loss recorded this week.
Flour Mills Nigeria Plc released its 9M 2020 financial results showing a 5.7% y/y growth in Revenue to N423.5 billion from N400.6 billion in 9M 2019.
Okomu Oil, C&I Leasing, UACN, Livestock Feed and Ekocorp Plc led the ranks of gainers on the flour of the stock market.