NIGERIA – Flour Mills of Nigeria Plc (FMN), a leading food and agro-allied company in Nigeria, has clinched the prestigious Global Brand Award 2024 in the Food and Beverage category.
Founded in September 1960 and listed on the Nigerian Stock Exchange in 1978, Flour Mills of Nigeria Plc has become a cornerstone of Nigeria’s food and agro-allied sector.
This accolade recognizes FMN’s exceptional performance, innovative branding, and superior service delivery within the industry.
Global Brand Awards was established to honor excellence in finance, education, hospitality, lifestyle, automotive, and technology.
With over 18,000 companies evaluated this year, FMN stood out for its innovative product launches, robust brand positioning, and customer-centric approach.
“We are proud to receive this global recognition from the Global Brand Awards,” said Boye Olusanya, GMD/CEO of FMN.
Olusanya underscores that the award demonstrates the Group’s unwavering commitment to driving local content in Nigeria and across the continent with the end goal of building sustainable food systems and entrenching food self-sufficiency in the continent.
“At the core of our operations are our people, whose commitment inspires the group to continue to feed and enrich lives,” he noted.
The Global Brand Awards employs a rigorous evaluation process.
Nominations are first screened by an independent research agency before being scored by a panel of judges on criteria such as performance, branding impact, and service excellence.
FMN’s nomination made it through this intensive scrutiny to join the ranks of other exceptional global brands.
“FMN’s success is rooted in delivering superior quality products as a consumer-centric organization. Our footprint remains indelible as we continue to innovate and sustainably build our company in line with global best practices and standards,” Olusanya added,
The accolade comes after the group announced an impressive 49% increase in revenue for the fiscal year ending March 31, 2024.
The company’s revenue reached NGN2.3 trillion (US$1.54 billion) in 2023, up from NGN1.5 trillion (US$967M) in 2023.
The company attributes this exceptional growth to FMN’s adeptness in navigating the ever-changing economic landscape and its robust market position.
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