Wednesday, 27 December 2017

Dangote Flour Joins the Exclusive League

In an apparent display of how its fortunes have changed in recent times, Dangote Flour Mills is set to join the exclusive league of 30 most capitalized stocks in the Nigerian Stock Exchange.
For a company and brand that only a few years back was struggling and was acquired by a foreign investor (Tiger Brands), until it was reacquired about two years ago, this is a great milestone. In the short time Alhaji Dangote reacquired the company, Africa's richest man together with his management team, has done a great job to turn the business around. The company has recorded tremendous success at many fronts. Only last year, Dangote Flour returned to profitability, its market share as well increased both in the flour, pasta and other categories in which it is competing. Joining the league of 30 most capitalized stocks in NSE is a huge achievement for the flour milling industry, and coming at a time when a lot of multinationals and conglomerates are dropping out of the league makes it more remarkable. It's a pointer to the fact that indigenous companies are making great strides in corporate Nigeria. Kudos to DFM! We at Naija Bakers' Corner rejoice with you, we wish you a greater business year in 2018
.http://leadership.ng/2017/12/17/dangote-flour-nascon-set-join-nse-30-index/ 

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