THE MEMORIAL SERVICE OF GEORGE STAVROS COUMANTAROS THAT PAUSED THE BUSY CITY OF LAGOS FOR HOURS
EQUIPPING ONESELF IS THE KEY TO SUCCESS
Recent research  claims that there is a link between gender and organizational performances. While people argue and provide a myriad of reasons why one gender performs better than the other, one important factor to note is that diversity that is properly channelled will always improve general performance. For the FMN Group, diversity is beyond our business scope, it runs across everything we do This is ...
THE EXIT OF AN INDUSTRY ICON
The Chairman, Board of Directors and Management of Flour Mills of Nigeria PLC (FMN) have announced with deep regret, the death of the founding father of the Company and Chairman Emeritus, Mr. George Stavros Coumantaros. He passed on peacefully in his sleep on Monday, 17th October 2016, in Athens, Greece, at the age of 94. Mr. Coumantaros is a visionary and dynamic leader, who founded Flour Mills of Niger...
THE FMN COMMITMENT TO “MADE-IN-NIGERIA”
Since its incorporation in 1960, developing the capacity of local production has been a key focus of the FMN business operation in Nigeria. For more than five decades, the leading food and agro-allied business in Nigeria has invested billions of dollars in the Nation’s quest to produce high quality and affordable products from local raw materials. This is in order to boost self-sufficiency, diversify the ...
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 11% from its 2015 figures of #7.7 billion to #11.5 billion. Group Profi...
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 focus on education, research and skills development, environmental sustainab...
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 1000 participants who were examined by hi...
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 oil wealth. So our preoccupation with oil is apparently justif...
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 all-time low, and this is rocking almost every sector of th...
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 revenue and almost 80 percent of the country’s foreign excha...
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 employed is all that matters- employment is placed above the three necessit...
Feeding the Nation