Dangote flour mills news

Here are some recent news updates about Dangote Flour Mills:

Recent News

  1. Dangote Flour Mills to Invest N10 Billion in New Plant: Dangote Flour Mills has announced plans to invest N10 billion in a new plant in Lagos, Nigeria. The plant, which is expected to be completed in 2023, will have a capacity to produce 1,000 metric tons of flour per day. (Source: Vanguard News)
  2. Dangote Flour Mills Partners with UNICEF to Improve Nutrition: Dangote Flour Mills has partnered with UNICEF to improve nutrition in Nigeria. The partnership aims to promote the consumption of fortified wheat flour and other nutritious foods among Nigerian children. (Source: This Day Live)
  3. Dangote Flour Mills to Increase Production Capacity: Dangote Flour Mills has announced plans to increase its production capacity by 50% to meet growing demand for flour in Nigeria. The company plans to invest N5 billion in the expansion project. (Source: BusinessDay)
  4. Dangote Flour Mills Wins Award for Best Flour Mill in Africa: Dangote Flour Mills has won the award for Best Flour Mill in Africa at the 2022 African Business Awards. The award recognizes the company's commitment to quality and excellence in the production of flour. (Source: Leadership News)
  5. Dangote Flour Mills to Launch New Product Line: Dangote Flour Mills is set to launch a new product line of wheat-based snacks, including bread, cookies, and cakes. The new products are expected to be launched in the first quarter of 2023. (Source: The Guardian Nigeria)

Recent Financials

  1. Dangote Flour Mills Reports N34.4 Billion Profit in 2021: Dangote Flour Mills reported a profit of N34.4 billion in 2021, up from N24.4 billion in 2020. The company's revenue also increased by 15% to N143.4 billion in 2021. (Source: The Punch)
  2. Dangote Flour Mills Declares N1.35 Dividend Per Share: Dangote Flour Mills has declared a dividend of N1.35 per share for the 2021 financial year. The dividend is payable to shareholders on March 31, 2022. (Source: BusinessDay)

I hope this information is helpful!