Flour Mills Nigeria PLC (FLOURM.ng)

Flour Mills of Nigeria Plc – Headquarters in Lagos, Nigeria

Flour Mills of Nigeria Plc is a leading food and agro-allied company headquartered in Apapa, Lagos, Nigeria. With over six decades of experience, the company is a cornerstone of Nigeria’s economy, delivering essential food and agricultural products that sustain millions of lives daily.

Industry

Flour Mills of Nigeria Plc operates in the food and agro-allied industry, providing critical products and services that support food security and economic growth in Nigeria and beyond.

Core Business Activities

Flour Mills of Nigeria Plc specialises in flour milling and the production of a diverse range of high-quality food products, including pasta, noodles, refined sugar, and edible oils. The company also engages in the production of livestock feeds, agro-allied activities, and the manufacture of laminated woven polypropylene sacks. With its innovative operations, the company ensures seamless logistics through its management of Terminals A and B at the Apapa Port, offering shipping, customs clearing, and forwarding services.

The company is committed to enhancing local production capabilities, with a strong focus on backward integration and supply chain efficiency to reduce dependency on imports.

Market Position

As a market leader in the Nigerian food and agro-allied industry, Flour Mills of Nigeria Plc boasts extensive geographic coverage and a portfolio of trusted brands, including the renowned Golden Penny. Its commitment to innovation, customer satisfaction, and quality has solidified its reputation as a trusted supplier in Nigeria and across Africa.

Number of Employees

The company employs approximately 5,404 individuals, showcasing its role as a significant employer in Nigeria. This workforce underpins its operations, driving growth and operational excellence.

Financial Highlights

In the financial year ending 31 March 2024, Flour Mills of Nigeria Plc reported a revenue of N2.29 trillion and a total comprehensive income of N16.56 billion. These figures underscore its robust market presence and growth trajectory, as detailed in its Annual Report for 2024.

Mission Statement

“Feeding the Nation, Every Day.” Flour Mills of Nigeria Plc aims to enrich the lives of consumers, employees, and communities through superior quality products and innovative processes.

Key Figures

• Revenue: N2.29 trillion (2024)
• Total Comprehensive Income: N16.56 billion
• Market Capitalisation: N159.91 billion
• Number of Employees: 5,404

Sustainability Focus

Flour Mills of Nigeria Plc is committed to sustainability through initiatives aimed at reducing its environmental footprint. The company has implemented energy-efficient technologies in its production facilities, minimised greenhouse gas emissions, and prioritised sustainable sourcing. Social impact programmes support local communities, and robust corporate governance ensures transparency and accountability.

As part of its long-term strategy, the company focuses on biodiversity preservation, reduced water usage, and waste management, aligning its operations with global sustainability goals.