Flour Mills of Nigeria Plc has notified the Nigerian Exchange and its stakeholders that it has received an offer from its majority shareholder, Excelsior Shipping Company Limited, to acquire all shares held by minority shareholders in Flour Mills.
The transaction will be executed through a Scheme of Arrangement between the company and its shareholders.
The company has received a ‘No Objection’ approval for the scheme from the Securities and Exchange Commission (SEC).
Wole Olajide, ACS Performance of banking stocks on the Nigerian Exchange in Q3 2025 is mixed. Most of the Tier 1 Banks (FUGAZ) declined in their bottom-line figures, year on year. Except for UBA that made a marginal growth of 2.33% in profit after tax (PAT), others in the Tier 1 category (First Holdco, GTCO, Access and […]
The Nigerian equities market closed bearish last week, halting weeks of successive gains triggered by selloff in Dangote Cement and 69 other stocks that closed the week lower amidst quarter three earnings release. The All-share index was down by 0.98% to close at 154,126.45 points from 155,645.05 points recorded in the previous week. Investors lost N964 billion[…]
