FMN Recognised As Financial Times Africa’s Fastest Growing Companies In 2023


Flour Mills of Nigeria (FMN) has been honoured with the prestigious recognition of being one of Africa’s Fastest-Growing Companies in 2023 by the Financial Times.

According to Financial Times, “African Companies were ranked by growth in revenue, compiled with data company, Statista. Plus: digitising informal trade and agriculture; success stories invite investment; banking on the unbanked; solar power shines,” etc.

With a remarkable track record spanning over six decades, FMN has consistently invested in the advancement of local content and the nurturing of human capacities. Their unwavering commitment to sustainably feeding the nation has played a pivotal role in their success.

Furthermore, FMN has continuously strived to provide exceptional value to its customers through a diverse range of products. This commitment to meeting the needs and preferences of their customers has helped solidify FMN’s position as a leading player in the industry.

The recognition from the Financial Times not only highlights FMN’s outstanding growth trajectory but also underscores its commitment to long-term sustainability and their pivotal role in the African market. As FMN continues its journey of progress, it aims to further strengthen its position and contribute to the economic development of Nigeria and the wider African continent.

Incorporated in September 1960 and quoted on the Nigerian Stock Exchange since 1978, Flour Mills of Nigeria (FMN) Plc. is one of Nigeria’s leading food and agro-allied companies.

With a broad basket of food products, an iconic brand “Golden Penny” and robust pan- Nigerian production, distribution, and supply chain network, FMN is a fully integrated and diversified food and agro-allied group.

The FMN group strives in its mission to “Feed the Nation, Everyday” through its five core food value chains: Grains, Sweeteners, Oils and Fats, Proteins, and Starches. FMN creates value along the entire food chain with its “farm-to-table” model by providing inputs and know-how to farmers, aggregating and sourcing crops and raw materials to supply its world-class processing facilities across Nigeria, and distributing its innovative food brands to its customers.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.