You are here: HomeBusiness2020 04 16Article 353710

Business News of Thursday, 16 April 2020

Source: www.mynigeria.com

Flour Mills eyes N30 billion from commercial paper issuance

Flour Mills Flour Mills

Flour Mills of Nigeria announced the issuance of N30 billion under series 13 and 14 of its N100bn commercial paper programme.

In a notice filed to the Nigerian Bourse, it said the commercial paper programme was registered with the FMDQ Exchange.

"All insurance totalling N7 billion under the programme are quoted on the FMDQ Exchange," the statement read in part.

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