Flour Mills of Nigeria Plc
Flour Mills of Nigeria Plc's Overview
Flour Mills of Nigeria Plc (FMN), established in 1960, is one of Nigeria's largest and longest-standing food and agro-allied groups. The company is renowned for its iconic 'Golden Penny' brand. FMN's operations span flour milling, pasta and noodle manufacturing, edible oils and refined sugar production, livestock feeds, fertilizers, and packaging solutions. It plays a significant role in Nigeria's food security and agricultural value chain, committed to 'Feeding the Nation, Everyday' through quality products and sustainable practices.
Where is Flour Mills of Nigeria Plc's Headquarters?
HQ Function
Central hub for strategic leadership, corporate governance, financial management, and operational oversight of FMN Group's diverse businesses across Nigeria.
Notable Features:
Golden Penny Place is a prominent and expansive corporate office complex, symbolizing the company's significant industrial and economic footprint in Nigeria. It houses key administrative and decision-making functions.
Work Culture:
The headquarters fosters a professional, results-driven, and collaborative work environment. There's an emphasis on innovation, operational excellence, ethical conduct, and contributing to national development. FMN promotes continuous learning and employee growth.
HQ Significance:
The headquarters is strategically located in Apapa, a key industrial and port area, facilitating logistics and operations. It serves as the nerve center for coordinating a vast network of manufacturing plants, farms, and distribution channels nationwide.
Values Reflected in HQ: The headquarters aims to reflect FMN's core values of Quality, Integrity, Innovation, Customer Focus, and a deep-rooted commitment to Nigeria's socio-economic development and food self-sufficiency.
Location:
Flour Mills of Nigeria Plc's operations are predominantly centered within Nigeria, where it serves as a cornerstone of the nation's food and agro-allied industry. While its primary market focus is domestic, FMN engages globally for sourcing raw materials like wheat, maize, and crude palm oil. The company also explores export opportunities for some of its finished products to neighboring West African countries. Its adherence to international quality standards in production also reflects a global operational outlook.
Street Address:
Golden Penny Place, 1 Wharf Road, Apapa
City:
Lagos
State/Province:
Lagos State
Country:
Nigeria
Flour Mills of Nigeria Plc's Global Presence
Apapa, Lagos/Nigeria
Address: Various sites within Apapa industrial area, Lagos
Primary manufacturing and distribution center for South-West Nigeria and for national supply, leveraging port access for raw material imports and some exports.
Ibadan, Oyo/Nigeria
Address: Lagos-Ibadan Expressway, Ibadan
Serves the agricultural belt of South-West Nigeria, supporting livestock farmers and contributing to the animal nutrition sector.
Kano, Kano/Nigeria
Address: Challawa Industrial Estate, Kano
Strategic production and distribution hub for the Northern Nigerian market, ensuring product availability across the region.
Sunti, Niger/Nigeria
Address: Sunti Golden Sugar Estate, Mokwa, Niger State
Pivotal for backward integration in the sugar value chain, aiming to reduce Nigeria's reliance on imported raw sugar and boost local agricultural production.
Buying Intent Signals for Flour Mills of Nigeria Plc
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Executive Team of Flour Mills of Nigeria Plc
As of April 2025, Flour Mills of Nigeria Plc' leadership includes:
Investors of Flour Mills of Nigeria Plc
Flour Mills of Nigeria Plc has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
Flour Mills of Nigeria Plc has seen key appointments in its executive and board leadership over the past 12-18 months, strengthening its strategic capabilities. Notably, a new Group CFO was appointed, and a distinguished professional joined the board as a Non-Executive Director. No major high-profile executive exits have been widely publicized during this period.
New Appointments:
Technology (Tech Stack) used by Flour Mills of Nigeria Plc
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Flour Mills of Nigeria Plc Email Formats and Examples
Flour Mills of Nigeria Plc likely utilizes standardized corporate email formats for its employees. Common patterns in large organizations include [first_initial][last_name] or [first_name].[last_name] followed by the company domain.
[first_initial][last_name]@fmnplc.com or [firstname].[lastname]@fmnplc.com
Format
jdoe@fmnplc.com or john.doe@fmnplc.com
Example
80%
Success rate
News and media
Nairametrics • February 1, 2024
Flour Mills of Nigeria reports N20.6 billion profit before tax in Q3 2023/2024, up 40% YoY
Flour Mills of Nigeria Plc announced a Profit Before Tax (PBT) of N20.6 billion for the third quarter ending December 31, 2023, marking a 40% increase year-on-year. Revenue also grew by 40% to N1.5 trillion for the nine-month period, driven by strong performance across its food, agro-allied, and sugar value chains despite challenging economic conditions....more
Nigerian Exchange Group (NGX) • February 21, 2024
Flour Mills of Nigeria Plc - Notification of Board Appointment (Ms. Yewande Sadiku)
Flour Mills of Nigeria Plc announced the appointment of Ms. Yewande Sadiku as an Independent Non-Executive Director to its Board, effective February 20, 2024. Ms. Sadiku brings a wealth of experience from her previous role as Executive Secretary/CEO of the Nigerian Investment Promotion Commission (NIPC)....more
BusinessDay • October 27, 2023
Flour Mills posts N1trn revenue on agro-allied, food segments (Half Year Results)
Flour Mills of Nigeria Plc reported revenue of N993.9 billion for the half-year period ended September 30, 2023, a 34 percent increase from the N740.9 billion recorded in the same period of 2022. The growth was attributed to strong performance in its food, agro-allied, and sugar value chain segments....more
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