Flourmill of Nigeria- Top50 Brands 2025
Flour Mills of Nigeria Plc
Year of Establishment | Founded September 1960 (started operations in 1962) |
Website | |
Headquarters | 1 Golden Penny Place, Wharf Road, Apapa, Lagos, Nigeria |
MD / CEO | Omoboyede Olusanya |
Number of Branches / Operations Presence | Operates 17 manufacturing facilities across 12 Nigerian states; no precise branch count publicly detailed |
Areas of Interest | Foods (flour, pasta, semolina, biscuits, etc.), sugar, agro-allied (animal feeds, fertilizers), packaging, port operations, logistics, real estate |
Countries of Operation | Primarily Nigeria; some export activity (minor share of revenue) |
Annual Turnover / Revenue | N2.29 trillion (FY March 2024) |
Number of Staff | Approx. 5,404 (Group) as of March 2024) |
Marketing Budget | Not publicly available |
Contact Address | 1 Golden Penny Place, Wharf Road, Apapa, Lagos, Nigeria; Phone: +234 705 689 1000 |
Flagship Product | Golden Penny Flour (part of the broader Golden Penny brand) |
Best Known As | Leading food and agro-allied conglomerate in Nigeria; owner of iconic “Golden Penny” brand |
Flour Mills of Nigeria Plc is a clear leader and one of Nigeria’s most valuable and influential agribusiness and food manufacturing companies, a status reaffirmed by its diversified operations, market leadership, and strong commitment to food security and economic development.
In over six decades of operation, Flour Mills has grown into a diversified conglomerate with operations spanning flour milling, pasta production, animal feeds, agro-allied products, sugar refining, edible oils, and logistics services. Its flagship brands including Golden Penny Flour, Golden Penny Pasta, Mamador, and Golden Fry Cooking Oil.
The company operates state-of-the-art manufacturing plants in Lagos, Ogun, Kaduna, and Kano, supported by a robust distribution network that ensures its products are widely available nationwide. These facilities adhere to international quality standards and are certified by NAFDAC and ISO-compliant quality management systems, ensuring safety, hygiene, and consistent product excellence.
Flour Mills contributes significantly to national development. It provides thousands of direct and indirect jobs and supports local agriculture through backward integration programs, sourcing grains, cassava, and other raw materials from Nigerian farmers. Its investments in agro-allied businesses have enhanced Nigeria’s capacity to produce locally, reduce import dependency, and promote economic sustainability.
Innovation is central to Flour Mills’ strategy. The company continuously develops new products to meet evolving consumer preferences, including fortified flours, enriched pasta, and value-added processed foods. Its Golden Penny brand, in particular, has become synonymous with quality and nutritional value, maintaining leadership in Nigeria’s highly competitive flour and pasta markets.
Flour Mills of Nigeria is also committed to corporate social responsibility (CSR). Through initiatives in education, health, food security, and community development, the company empowers local communities. Notable programs include feeding initiatives, scholarships, health outreaches, and capacity-building for farmers.
Flour Mills is listed on the Nigerian Exchange (NGX) and is consistently recognized among Nigeria’s Top 50 Brands, reflecting its strong market presence, consumer trust, and resilience across economic cycles.
Through its iconic brands, strategic investments in agriculture and manufacturing, and strong community engagement, Flour Mills of Nigeria Plc remains not just a food industry leader but a key driver of Nigeria’s economic development and food security.
