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Business News of Monday, 4 May 2020

Source: MyNigeria

Flour Mills donates N1bn to Kano State

Flour Mills of Nigeria Flour Mills of Nigeria

Flour Mills Nigeria Plc on Monday donated the sum of N1 billion to Kano State through the Central Bank of Nigeria.

The milling firm also promised to donate 5000 Test Kits and ventilators next week to support the fight against the deadly COVID-19.

Recently, the agribusiness company announced the issuance of N30 billion under series 13 and 14 of its N100bn commercial paper programme.

The essence of the series commercial paper was to help the flour mills company strengthen its balance sheet while it continues to control the leadership of the foods and agro-allied space.