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Flour Mills shareholders approve BAGCO as subsidiary

Flour Mills of Nigeria, a food and agro-allied corporation, has its shareholders’ approval to convert a division of BAGCO into a fully owned subsidiary. The Punch reported that this was one of the special resolutions that was approved during the Lagos-based company’s annual general meeting. By a show of hands, the shareholders decided to create […]

Flour Mills shareholders approve BAGCO as subsidiary
Business

Flour Mills annual profit hits N29.504bn

Flour Mills of Nigeria Plc, a food and agro-allied company, increased its profit by 5.32 percent to N29.504 billion at the end of the fiscal period, March 2023, from N28,015 billion at the same time in 2022. The Punch reported that the business also reported a 32% increase in income from N1.163tn to N1.539tn in its […]