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Northern Nigeria Flour Mills Plc (NGX: NNFM) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

Overview of Northern Nigeria Flour Mills Plc

Northern Nigeria Flour Mills Plc is a milling company listed on the Nigerian Stock Exchange (NGX). Northern Nigeria Flour Mills Plc mills wheat and other grains and markets its products under the Golden Penny brand name. Products produced by Northern Nigeria Flour Mills Plc include wheat flour, semovita, wheat offal, masaflour, germ flour, masavita and corn offal. Its retail and wholes range for banking and confectionary includes Golden Penny flour, Golden Penny sugar and Golden Penny rice.

Today, Northern Nigeria Flour Mills Plc’s portfolio of products and services are diversified in more sectors of the Consumer Goods value chain and include the following: the milling of wheat and other grains, and the sale of other Golden product products purchased from Flour Mills of Nigeria Plc, which is its parent company.

The history of Northern Nigeria Flour Mills Plc goes back to its foundation in 1971.

Northern Nigeria Flour Mills Plc has its head offices at 1 Golden Penny Place, Wharf Road, Apapa, Lagos State, Nigeria.

Northern Nigeria Flour Mills Plc renders its services in Nigeria and western Africa.

The current CEO of Northern Nigeria Flour Mills Plc is Gert Jacobus Kriek.

Northern Nigeria Flour Mills Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NNFM.

Northern Nigeria Flour Mills Plc forms part of the Food Processing Industry and the Consumer Goods Sector of the Nigerian Stock Exchange (NGX).

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Northern Nigeria Flour Mills Plc

Northern Nigeria Flour Mills Plc Stock Performance

The current price for Northern Nigeria Flour Mills Plc stocks on the Nigerian Stock Exchange (NGX) is 8.00 Nigerian Naira (NGN).

An analysis of financial data of Northern Nigeria Flour Mills Plc showed that the company has a total market capitalisation of 1.43 Billion NGN, with a Price/Earning ratio of 14.55 and earnings per share of 0.55 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Northern Nigeria Flour Mills Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Northern Nigeria Flour Mills Plc, analysts forecast further improved performance for the consumer good sector with market share growing as trading volumes increase.

Flour Mills Nigeria

Highlights of Northern Nigeria Flour Mills Plc in 2021

Northern Nigeria Flour Mills Plc started the current financial year (2021) with a share price of 6.74 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 18.7 % in value on its price valuation, ranking 45th on the NGX where its year-to-date performance is concerned.

Northern Nigeria Flour Mills Plc is currently the 96th most-traded stock on the NGX and it has experienced a total trading volume of more than 4.17 million shares, which were finalised in 440 deals and were valued at a total of 32.4 million Nigerian Naira (NGN) over the recent three month period from August to November 2021, with an average of 66,223 shares in each trading session.

During the same period a volume high of 401,000 was achieved on 18 November.

How to buy Northern Nigeria Flour Mills Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Northern Nigeria Flour Mills Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “NNFM”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.