FMAN working to achieve backward integration in national wheat production
As almost every production sector of the economy is pursuing backward integration, the wheat sub sector seems to have joined the bandwagons. The group, Flour Milling Association of Nigeria (FMAN), comprising Dangote Flour Mills, Flour Mills of Nigeria (FMN), Honeywell…
Why Dangote offloaded noodle plants to rival for N3.75bn
A clear reason has been adduced by the core investor in Dangote group, Aliko Dangote on why his group sold a unit of Dangote Flour Mills, Dangote Noodles Limited, to rival pasta maker, De United Foods Industries, for N3.75bn ($12.26m)….
Dangote Flour Mills’ back to profitability, unveils pasta to substitute rice in Nigeria
Dangote Flour Mills has returned to comfortable profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016, thus encouraging shareholders to thank the management team for the feat. Chairman of Dangote Flour Mills,…
Dangote exits Noodles sub sector, offloads assets to Dufil, makers of Indomie
Dangote Flour Mills (DFM), has offloaded stakes in noodles business for not considering it strategic. The decision stemmed from its regular business portfolio review which encouraged sale of the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie…
