Dangote Flour Company's shares falls as Tiger Brands cuts funding support

Dangote Flour Mills which has lost 44.4 percent of its value so far this year, fell to 2.41 naira ($0.0121) at 1044 GMT.

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A security officer checks a man outside the Nigerian Stock Exchange in Lagos April 8, 2014. REUTERS/Akintunde Akinleye play A security officer checks a man outside the Nigerian Stock Exchange in Lagos April 8, 2014. REUTERS/Akintunde Akinleye (Reuters)
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Shares in Dangote Flour Mills fell 4.7 percent on Monday after its parent firm, South Africa's Tiger Brands, cut off funding support to its struggling Nigerian unit, part of a review of its investment in the loss-making pasta maker.

Dangote Flour Mills which has lost 44.4 percent of its value so far this year, fell to 2.41 naira ($0.0121) at 1044 GMT.

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