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.
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.
A security officer checks a man outside the Nigerian Stock Exchange in Lagos April 8, 2014. REUTERS/Akintunde Akinleye
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Hajj Commission thanks 'Christian Uzodinma' for being its pillar of support
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
ADVERTISEMENT